Ripple’s legal chief has reaffirmed that the core ruling declaring XRP not a security remains intact despite the appeal by the U.S. Securities and Exchange Commission (SEC). The regulator’s move challenges several other aspects of the July 2023 ruling regarding XRP. Ripple plans to file a cross-appeal, as both parties brace for a prolonged legal […] Source BitcoincryptoexchangeExchanges CryptoX Portal
The U.S. Securities and Exchange Commission has granted “accelerated approval” for listing Bitcoin options exchange-traded funds on the New York Stock Exchange and the Chicago Board Options Exchange. According to Oct. 18 filings, the SEC has greenlighted the NYSE and CBOE to list and trade options for Bitcoin ETFs. Options give investors the right to buy or sell an asset—referred to as “call” or “put” options—at a specific price before an agreed date. This move is expected to open up new opportunities for investors seeking to manage risk or capitalize…
In its NYSE approval, the SEC wrote that it believes options on the bitcoin ETFs “would permit hedging, and allow for more liquidity, better price efficiency, and less volatility with respect to the underlying Funds,” as well as “enhance the transparency and efficiency of markets in these and correlated products.” Original
And so, somehow, Crypto.com has reached the precipice. If it wins the first “ripeness” issue and is allowed to bring its case, little stands in its way. Its arguments on the merits are strong, and there are few courts more sympathetic to those arguments than E.D.Tex. From there it would go to the Fifth Circuit, the court the SEC fears the most. And then, just maybe, the Supreme Court, where it would have a sympathetic panel and one of the most experienced appellate attorneys in the country to make its…
Key deadlines for crypto-asset regulation are approaching, as Cyprus’ regulator announced that the EU’s Markets in Crypto-Assets Regulation (MiCAR) will take effect for service providers by December 2024, with registration closing by October. Providers already registered may operate until mid-2026 or until their authorization status is determined, marking a major shift in crypto compliance across […] Source CryptoX Portal
The U.S. Securities and Exchange Commission (SEC) has officially appealed the XRP ruling by Judge Analisa Torres, reigniting the legal battle over whether XRP sales on crypto exchanges qualify as securities. The regulator challenges key aspects of the court decision, including rulings that cleared Ripple executives and non-cash XRP distributions. The outcome could have a […] Source CryptoX Portal
Eric Council Jr., a 25-year-old from Athens, Alabama, was arrested in connection with the January 2024 hack of the U.S. Securities and Exchange Commission’s X account. Council’s hack resulted in the false pretense that the SEC had approved Bitcoin exchange-traded funds, leading to a sharp spike in the value of Bitcoin (BTC). Council has been charged with conspiracy to commit aggravated identity theft and access device fraud. He is set to make his first court appearance in the Northern District of Alabama. From SIM swap to market manipulation According to…
On Jan. 9, a post on SEC’s X declared “approval for #Bitcoin ETFs for listing on all registered national securities exchanges,” causing bitcoin to quickly jump $1,000 in price. The cryptocurrency then cratered $2,000 when the SEC regained control of its account, deleted the post and declared it false. Source
A man from Athens, Alabama, was arrested Thursday for his role in the January 2024 hack of the U.S. Securities and Exchange Commission’s X account. The hack led to a false announcement regarding bitcoin exchange-traded funds (ETFs), temporarily causing bitcoin prices to rise by $1,000. SEC X Account Hacker Has Been Arrested According to the […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Coinbase hired History Associates Inc. to pursue SEC communications under the Freedom of Information Act – a process that initially concluded with the agency denying the request by citing that the documents were connected to an ongoing investigation. Coinbase’s hired gun eventually sued over the denial, and History Associates is preparing to ask the U.S. District Court for the District of Columbia to force the hand of the agency, which has since suggested the reason for its initial denial may no longer be valid. Source