Tag: SEC

Yuga Labs says SEC has dropped its investigation into the NFT firm

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Non-fungible token (NFT) conglomerate Yuga Labs says the US Securities and Exchange Commission has closed its investigation into the company. “After 3+ years, the SEC has officially closed its investigation into Yuga Labs,” the company said in a March 3 X post. “This is a huge win for NFTs and all creators pushing our ecosystem forward. NFTs are not securities.” Bloomberg first reported in October 2022 that the SEC opened a probe into Yuga Labs to determine if certain NFTs were more like traditional stocks and, therefore, securities under US…

SEC Dismisses Kraken Lawsuit as Exchange Resumes On-Chain Staking for US Users

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BitMart’s Strategy & Growth | FMTalks with Ksenia Drobyshevskaya BitMart’s Strategy & Growth | FMTalks with Ksenia Drobyshevskaya BitMart’s Strategy & Growth | FMTalks with Ksenia Drobyshevskaya BitMart’s Strategy & Growth | FMTalks with Ksenia Drobyshevskaya BitMart’s Strategy & Growth | FMTalks with Ksenia Drobyshevskaya BitMart’s Strategy & Growth | FMTalks with Ksenia Drobyshevskaya 🎙️ BitMart’s Strategy & Growth: Key Takeaways from the Podcast In this insightful conversation, Ksenia, Growth Lead at BitMart, shares her perspective on BitMart’s strategy, the latest crypto trends, and the exchange’s expansion efforts. Here are…

SEC Dismisses Legal Case Against Kraken, Exchange Confirms 

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The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against cryptocurrency exchange Kraken, the company confirmed Monday, ending a high-profile regulatory battle over allegations of operating as an unregistered securities platform. Kraken Confirms Closure of SEC Enforcement Action The SEC’s dismissal of the case, revealed on Monday, marks a significant development in the […] Source

SEC drops lawsuit against Kraken, ending ‘politically motivated campaign’

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The US Securities and Exchange Commission has agreed to drop its lawsuit against Kraken, the cryptocurrency exchange revealed on March 3. The move ends what the exchange calls a “wasteful, politically motivated campaign” and “clears the path toward a stable, forward-thinking regulatory regime.” According to Kraken, the lawsuit is being dismissed with prejudice, with no admission of wrongdoing, no penalties paid, and no changes to Kraken’s business. The SEC sued Kraken in November 2023, alleging that the exchange acted as a broker, dealer, exchange and clearing agency without registering with…

WeekInCrypto: Bitcoin Crashed, SEC Back Off, Experts Stay Bullish

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Key Notes Standard Chartered’s unwavering $500K Bitcoin price prediction signals growing institutional confidence despite short-term market turbulence. The FBI’s confirmation of North Korean involvement in the $1.5 billion Bybit hack highlights escalating nation-state threats to digital asset security. Regulatory developments show a potential shift in US oversight as the SEC drops its investigation into Uniswap, marking a significant victory for decentralized finance. The crypto market has faced another turbulent week, with Bitcoin BTC $85 400 24h volatility: 1.9% Market cap: $1.69 T Vol. 24h: $35.36 B experiencing a sharp selloff,…

US judge tosses SEC fraud suit against Hex founder Richard Heart

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A district court judge has dismissed the US securities regulator’s lawsuit accusing Hex founder Richard Heart of raising over $1 billion through unregistered crypto offerings and defrauding investors of $12.1 million. Heart, whose real name is Richard Schueler, was also accused of spending those allegedly stolen funds on luxury items — including the world’s largest black diamond. However, Judge Carol Bagley Amon said those alleged deceptive acts couldn’t be decided on as the Securities and Exchange Commission failed to establish that the US had jurisdiction over Heart’s crypto activities —…

SEC Commissioner dissents on agency’s memecoin stance

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US Securities and Exchange Commission Commissioner Caroline Crenshaw issued a dissenting opinion on the SEC’s recent stance that memecoins are not securities. According to the commissioner’s Feb. 27 statement, memecoins could satisfy the Howey test’s condition of profiting from the managerial efforts of others due to the coordination between developer teams and promoters. The commissioner added that most, if not all, cryptocurrencies could be defined as memecoins under the SEC’s recent guidance, which was released on the same day. In this guidance, the agency stated that memecoins represent online social…

SEC again delays Ether ETF options on Cboe

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The US Securities and Exchange Commission has once again extended its deadline for deciding whether or not to permit Cboe Exchange to list options tied to Ether exchange-traded funds (ETFs).  The agency has given itself until May to make a final decision to approve or disapprove of Ether (ETH) ETF options trading on the US exchange, according to a Feb. 28 regulatory filing.  Cboe initially requested to list Ether ETF options in August 2024, but the SEC sought extra time to reach a decision in October.  The exchange is seeking…