Tag: SEC

Coinbase (COIN) Escalates U.S. SEC Fight Over the Agency’s Inside Chatter on ETH

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

Ripple CEO Slams SEC for Ignoring XRP Ruling, Claims Agency Oversteps Legal Authority

Ripple’s CEO has intensified criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that XRP is not a security and overstepping its legal bounds. His remarks came after Bitnomial Exchange filed a lawsuit against the SEC, disputing the regulator’s authority over XRP futures. The case adds to […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin (BTC) Price Tumbles Below $59K Amid Inflation Worry, SEC Lawsuit

In mid-afternoon U.S. trading, bitcoin (BTC) was lower by about 4% over the past 24 hours. At $59,000, the price has returned to levels not seen since the U.S. Federal Reserve unexpectedly slashed its benchmark interest rate by 50 basis points in mid-September. Altcoins outperformed somewhat, with the broad-based crypto benchmark CoinDesk 20 Index declining just under 3% during the same period. Ether (ETH) dropped 3.5%, while only decentralized exchange Uniswaps’s token (UNI) had positive return during the day on news about the platform’s own layer-2 plans. Source

SEC Sues Crypto Market Maker Cumberland DRW

As one example, the SEC alleged, Cumberland promoted ATOM through, “An email sent to counterparties on February 20, 2023 stated: ‘At the moment, one of the smaller gainers in the sector, outside of ETH and EOS, has been ATOM. ATOM is up ‘only’ 53% YTD, despite strong fundamentals and a healthy developer community; it’s a name where we expect to see a catchup rally if crypto remain buoyant.’” Source

Ripple Plans ‘Cross-Appeal’ in SEC Case to Preserve Its Arguments

“I don’t think that folks who are paying attention should be much distracted by these efforts to create confusion, because I think the judge got it right, and I think they should welcome the opportunity for the court of appeals to roll on this issue and finally, bring the clarity that we need,” Alderoty said about the appeals court taking up the case – though, he added, the U.S. “really needs a policy solution” from legislators rather than court rulings. Source

Crypto.com Files Suit Against SEC Over Expanded Jurisdiction Claims

Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), challenging the regulator’s authority over the sale of digital assets on secondary markets. The lawsuit, filed in the United States District Court for the Eastern District of Texas, alleges that the SEC is unlawfully extending its jurisdiction to include most digital tokens […] Source CryptoX Portal

SEC filing underway, Bitcoin rewards app Fold adopts FLD ticker

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Bitcoin financial services company Fold app has submitted an S-4 SEC filing to the US Securities and Exchange Commission in preparation to go public with its IPO. The Fold app submitted its S-4 SEC filing on Oct. 7. An S-4 filing is a statement created with the SEC by a publicly traded company undergoing a merger or acquisition. In the case of Fold, it announced last July that it plans to go public by merging with FTAC Emerald Acquisition. According to the document, if the merger is approved and recognized…