Tag: SEC

Coinbase vs. SEC case said to ignite altcoin run

YouTube analyst Crypto Capital Venture argues that if the judge rules in favor of Coinbase against the SEC, it could ignite an altcoin run with up to 100% on assets like ADA. Crypto Capital Venture looks at some of the events leading up to the decision, including that only 22 days after the SEC allowed Coinbase to go public, Gary Gensler from the SEC testified that the exchanges trading these assets do not have the regulatory framework at the SEC or CFTC. At the same time, the judge overseeing the…

SEC Agrees to Postpone Do Kwon and Terraform Trial until US Extradition Expected in March

The Terraform Labs trial has now been postponed until after Do Kwon is successfully extradited to the US from Montenegro. The United States Securities and Exchange Commission (SEC) has agreed to delay the trial of Terraform Labs founder Do Kwon. According to a Monday filing, the trial will not begin until Kwon’s extradition to the US. The filing, submitted in the US District Court for the Southern District of New York, states that SEC was prepared to begin the trial initially scheduled for January 29. However, the Commission has agreed…

Coinbase’s one-third revenue ‘at stake’ as SEC battle faces dismissal challenges

Experts doubt a quick end to Coinbase’s battle against the SEC, citing the challenge of proving listed tokens are not securities. The American cryptocurrency exchange Coinbase is unlikely to overcome its legal challenges with the U.S. Securities and Exchange Commission (SEC) soon, as the Wall Street Journal reports that the exchange’s request for dismissal, scheduled for Jan. 17, is considered a long shot by legal and financial insiders. Lisa Bragança, a lawyer and former SEC enforcement branch chief, stated that the case is unlikely to be dismissed, as proving that…

SEC OKs spot BTC ETFs, Bitcoin retests $49k

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This week witnessed a historic development, as U.S. regulators approved all 11 spot BTC ETF filings. Afterward, Bitcoin retested the $49,000 level for the first time in 24 months. Meanwhile, USDC issuer Circle filed to go public in the U.S. Developments around the spot BTC ETF This week, the crypto industry expected a decision from the Securities and Exchange Commission (SEC) on the multiple filings for spot BTC ETF products in the U.S. Several asset managers looking to launch the product filed amendments to include disclosures on fees for the…

SEC Seeks Key Documents from Ripple in Ongoing Legal Battle

The legal battle between the SEC and Ripple stems from the SEC’s allegation that Ripple engaged in unregistered securities sales, specifically through institutional sales of XRP. In a recent filing dated January 11, 2024, the US Securities and Exchange Commission (SEC) has requested specific documents from Ripple Labs Inc as part of the ongoing legal proceedings between the regulatory body and the blockchain payments company.  SEC’s Document Requests and Interrogatory The two main categories of documents outlined in the SEC’s filing include Ripple’s financial statements and contracts governing institutional sales of…

Valkyrie Exec Expects SEC To Approve XRP ETF, Can This Push Price To $100?

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With the advent of Spot Bitcoin ETFs which were approved by the United States Securities and Exchange Commission (SEC) on Wednesday, crypto investors have quickly turned their attention to the next big thing which might be XRP ETFs. This is picking up steam as Steve McClurg, Chief Investment Officer (CIO) for Valkyrie, has lent his voice to the cause. Valkyrie Exec Says XRP ETF Could Be Next In an interview with Bloomberg, McClurg reveals that with the approval of Spot Bitcoin ETFs, the expectation is that altcoins will soon follow…