Regulation

Gemini CEO Tyler Winklevoss: Why I’m Voting Trump in the November 2024 U.S. Presidential Election

On June 20, 2024, Tyler Winklevoss, Co-Founder and CEO of cryptocurrency exchange Gemini, published a lengthy post on X detailing why he plans to vote for Donald Trump in the November 2024 U.S. presidential election. Winklevoss’s statement focuses heavily on what he perceives as the Biden Administration’s hostile stance towards the cryptocurrency industry. Winklevoss begins […]

Galaxy Digital CEO on Future of Crypto Regulation in the US: ‘Common Sense Will Take Over’

During a conversation with CNBC corrspondenant MacKenzie Sigalos at the recent Consensus 2024 conference (held May 29-31, 2024, in Auston, Texas) Galaxy Digital CEO Mike Novogratz shared his thoughts on the evolving landscape of institutional crypto, political shifts affecting the industry, and the future of digital assets. Seismic Shifts in Crypto Politics Novogratz highlighted the […]

U.S. Department of Treasury Identifies Illicit Finance Risks in NFTs

The U.S. Department of Treasury has released a 29-page report titled “Illicit Finance Risk Assessment of Non-Fungible Tokens,” highlighting potential risks associated with NFTs. The assessment reveals that while NFTs and their platforms are seldom used for activities such as proliferation financing, they are highly susceptible to fraud and scams. Traditional fraudulent schemes involving NFTs […]

UK Approves First Cryptocurrency Exchange-Traded Products

According to Bloomberg, the Financial Conduct Authority (FCA), the UK’s financial regulator, has approved the first cryptocurrency exchange-traded products (ETPs), marking a milestone in the UK’s approach to digital asset investment. An ETP is a type of security traded on stock exchanges, similar to individual stocks. ETPs are designed to track the performance of a […]

Galaxy Digital CEO: Democrats Woke Up and Realized ‘There Are More Crypto Owners in America Than There Are Dog Owners’

On May 21, 2024, Michael Novogratz, the founder and CEO of Galaxy Digital, appeared on CNBC’s “Squawk Box” to share his insights on the recent price movements in cryptocurrencies, the Biden administration’s interaction with the SEC regarding cryptocurrencies, and the broader implications for the industry. Novogratz started by highlighting the significant rise in Ethereum’s price […]

Cardano Founder’s Views on Trump, Biden, and the Future of Cryptocurrency

In a recent video titled “Humility,” Charles Hoskinson, Co-Founder and CEO of IOG (Input Output Global), shared his insights on humility, the current political landscape in the United States, and its implications for the cryptocurrency industry. This blog post delves into Hoskinson’s key points, especially his views on former President Donald Trump and current President […]

Billionaire Mark Cuban: U.S. SEC and Gary Gensler ‘Are Trying To Destroy the Crypto Industry’

Billionaire investor and entrepreneur Mark Cuban has recently unleashed a series of scathing posts on the social media platform X (formerly Twitter), targeting the U.S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, for their approach to regulating the cryptocurrency industry. Cuban’s criticism highlights the growing frustration among crypto enthusiasts and investors who […]

Ethereum Co-Founder Takes on the U.S. SEC in Landmark Crypto Case

In a recent interview with Wired, Joseph Lubin, co-founder of Ethereum and CEO of Consensys, shed light on his ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Consensys is a leading blockchain software technology company with a core focus on the Ethereum ecosystem. They develop a comprehensive suite of tools, products, and […]

Why U.S. SEC Is Being Sued by Blockchain Association and How This Fight Could Impact Crypto and DeFi

Blockchain Association is a trade association based in Washington, D.C. that represents various stakeholders in the cryptocurrency and blockchain industry, including technology startups, investors, and developers. The organization aims to advocate for policy and regulatory solutions that foster innovation and ensure the sustainability of the crypto and blockchain sector. Their efforts include lobbying for favorable […]

Ripple CLO: SEC’s $2B Fine Demand Is Evidence of ‘Intimidation Against All of Crypto in the U.S’

On April 22, Ripple Labs filed a rebuttal to the Securities and Exchange Commission’s (SEC) push for nearly $2 billion in penalties. The move comes as the latest development in the ongoing court case between the two parties, which has been raging since December 2020. The SEC has accused Ripple of raising $1.3 billion through […]

Ripple CEO Brad Garlinghouse Says Their Success Outside the U.S. Will Be ‘Great for XRP’

In a recent appearance on Fox Business’s “Mornings with Maria,” hosted by Maria Bartiromo, Ripple CEO Brad Garlinghouse provided insightful commentary on the current state and the future of the cryptocurrency market. Garlinghouse opened the discussion with an overview of the cryptocurrency market’s performance, noting a significant uptick in the past six months, with Bitcoin […]

Senators Gillibrand and Lummis Spearhead Bold Legislation to Regulate Stablecoins in the U.S.

Leading officials in U.S. financial regulation, including Federal Reserve Chair Jerome Powell, Treasury Secretary Janet Yellen, and Deputy Treasury Secretary Wally Adeyemo, have recently advocated for Congressional regulation of stablecoins. On April 17, U.S. Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced the bipartisan Lummis-Gillibrand Payment Stablecoin Act, aimed at creating a regulatory framework […]

‘Crypto Mom’ Speaks Out: U.S. SEC Commissioner Hester Peirce’s Bold Vision for Regulating Digital Assets

On 8 April 2024, U.S. SEC Commissioner Hester M. Peirce delivered a thought-provoking speech at the Association of Private Enterprise Education conference. Titled “Pourquoi Pas? Securities Regulation and the American Dream,” her remarks in Washington D.C. captured a critical discourse on the balance between regulation and innovation in the pursuit of the American entrepreneurial spirit. […]

Cardano ($ADA) Founder Charles Hoskinson Warns of the High Costs of Crypto Regulation

In a video update on April 16, Charles Hoskinson, Co-Founder and CEO of IOG, delved deeply into the consequences and realities of cryptocurrency regulation. Broadcasting from Colorado, Hoskinson articulated his concerns and perspectives, particularly emphasizing the impact of U.S. regulatory approaches on the cryptocurrency industry. Hoskinson began his discussion by referencing a recent speech by […]

Stablecoin Issuer Circle’s Head of Global Policy on Biden Crypto Policy, Risks, and Standards

On April 9, during an appearance on Bloomberg TV, Dante Disparte, the Head of Global Policy at Circle, shared his insights on the Biden administration’s approach to managing the potential risks associated with cryptocurrency, particularly focusing on stablecoins and the broader implications for illicit financing. During his conversation with Bloomberg Crypto co-hosts Sonali Basak and […]

Crypto Exchange KuCoin and Its Two Founders Are Charged With Violating U.S. Anti-Money Laundering Laws

The U.S. Attorney’s Office for the Southern District of New York, in conjunction with Homeland Security Investigations (HSI), has announced the unsealing of an indictment against global cryptocurrency exchange KuCoin and two of its founders, Chun Gan (also known as “Michael”) and Ke Tang (also known as “Eric”), for serious violations of U.S. financial regulations. […]

Crypto Industry Pushback Forces U.S. Energy Information Administration (EIA) To Retract Its Emergency Survey Targeting Bitcoin Miners

The cryptocurrency mining sector has achieved a significant victory, marking a pivotal moment in its ongoing dialogue with U.S. regulatory bodies. The Chamber of Digital Commerce is an organization that operates as a trade association in the United States, focusing on promoting the interests and development of the blockchain and digital asset industries. It aims […]

Gemini’s Path to Restitution: A Settlement for Earn Program Customers

Gemini Trust Company, LLC, a key player in the digital asset exchange space, has reached a pivotal agreement with the New York State Department of Financial Services (DFS). This agreement marks a crucial step toward resolving the financial predicaments faced by customers of Gemini’s Earn Program, following a tumultuous period marked by alleged fraud and […]

XRP Advocate and Prominent Lawyer John Deaton Running Against Anti-Crypto US Senator in Massachusetts

On February 20, prominent American lawyer John Deaton announced his candidacy for the United States Senate seat in Massachusetts. His campaign video, titled “No Fear, Never Give Up,” offers a deeply personal look into Deaton’s life, motivations, and the principles guiding his political aspirations. Elizabeth Warren is a prominent American politician who has served as […]

SEC Chair Gensler Critiques Bitcoin as ‘Token of Choice’ for Ransomware, Despite Spot ETF Approvals

In a revealing conversation with David Westin on Bloomberg TV’s “Wall Street Week,” Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), talked about the intricate challenges of regulating Bitcoin and the broader cryptocurrency market. The Nuanced Approach to Bitcoin ETFs Gensler recounted the SEC’s journey with Bitcoin-related products, particularly highlighting the approval […]

Circle Co-Founder and CEO Jeremy Allaire on Stablecoin Regulation

On January 15, 2024, Jeremy Allaire, CEO of Circle, which is best known as the issuer of fiat-backed stablecoin USD Coin (USDC), spoke with CNBC at the World Economic Forum in Davos, Switzerland. Stablecoins and Blockchain Technology Allaire began by addressing the progress in blockchain technology, likening it to the post-dot-com era where, despite market […]

New Year, New Challenges: Coin Center’s Jerry Brito Highlights Daunting IRS Crypto Reporting Law

Jerry Brito, the Executive Director of Coin Center, addressed the cryptocurrency community on January 2, 2024, with a critical update on a new law affecting crypto transactions. Brito is the Executive Director of Coin Center, a leading non-profit research and advocacy center focused on public policy issues facing cryptocurrency and decentralized computing technologies like Bitcoin […]

Billionaire ‘Shark’ Mark Cuban Calls for Crypto-Specific Regulations, Criticizes SEC’s Preventive Measures

In a recent post on social media platform X dated 28 December 2023, Mark Cuban, the influential entrepreneur and television personality, expressed his views on the inadequacy of existing financial regulations in dealing with the complexities of cryptocurrency. Cuban highlighted the limitations of the Howey and Reves tests, long-standing legal benchmarks for defining securities, underscoring […]

Crypto Lawyer Explains His Reasons for Being Optimistic About the U.S. Regulatory Climate in 2024

In a recent opinion piece for CoinDesk, Michael Selig, Counsel at New York City law firm Willkie Farr & Gallagher LLP, expressed optimism about the direction of cryptocurrency regulation in the United States for 2024. His positive outlook is based on several developments and trends observed in the regulatory landscape. Here’s an overview of the […]

Big U.S. Banks Collaborate on Controversial Crypto Bill, Sparking Backlash from Crypto Community

Recent updates on the Digital Asset Anti-Money Laundering Act of 2022, a bill sponsored by Senator Elizabeth Warren (D-MA) on 15 December 2022 that proposes stringent banking regulations on crypto technology in the U.S., reveal substantial backing and involvement from key banking institutions and industry groups. The bill mandates specific federal financial agencies to formulate […]

Crypto’s Future in the U.S.: Coinbase Highlights the Importance of Pro-Crypto Policies and Grassroots Support

Earlier today, Coinbase emphasized the significant impact of the upcoming U.S. elections on the future of cryptocurrency. The company’s blog post outlines the importance of electing pro-crypto candidates and enacting supportive policies. Coinbase asserts that the current U.S. approach to cryptocurrency regulation, which it describes as “regulation by enforcement,” lacks clarity and hinders the sector’s […]

Ripple’s Chief Legal Officer Makes Three Predictions About Crypto Regulation in the U.S. in 2024

In December 2020, the U.S. Securities and Exchange Commission (SEC) initiated a lawsuit against Ripple Labs (and two of its executives, Bradley Garlinghouse and Christian A. Larsen), which centered around the allegation that Ripple conducted an unregistered securities offering through its sale of XRP, a digital asset. This case has been a significant point of […]

U.S. SEC Chair Gensler on Hedge Fund Mandates and Crypto Market Challenges

Yesterday, during a conversation with Bloomberg Television reporter Kailey Leinz, U.S. SEC Chair Gary Gensler discussed the implementation of new mandates for hedge funds aimed at reducing risks in the broader financial system. He also touched upon the challenges in the crypto market, highlighting the issue of noncompliance affecting many investors. Here are the key […]

How the US Justice Department Will Be Monitoring Binance’s Operations: Former SEC Lawyer John Reed Stark Calls It a ‘Financial Colonoscopy’

Yesterday, John Reed Stark, a former Chief of the SEC’s Office of Internet Enforcement and currently the president of Stark Consulting, shared his thoughts on the significant legal challenges facing Binance. Stark’s analysis, posted on social media platform X on 9 December 2023, dives into the implications of recent U.S. Department of Justice (DOJ) filings […]

ECB’s Andrea Enria Cautions: Crypto Firms Risk Banking Regulations if Mimicking Bank Services

Andrea Enria, Chair of the Supervisory Board of the European Central Bank (ECB), during a recent interview, shared his perspectives on the evolving dynamics in the financial technology sector, particularly focusing on FinTech firms, the digital euro, and cryptocurrencies. The European Central Bank (ECB) is the central bank for the Eurozone, the group of European […]

Singapore’s MAS Finalizes Crypto Regulations Focusing on Consumer Protection and Industry Standards

The Monetary Authority of Singapore (MAS) has recently concluded its response to the consultation paper on proposed regulations for cryptocurrency service providers, marking a significant step in establishing a regulatory framework for the crypto industry in Singapore. According to a report by Amitoj Singh for CoinDesk, MAS has reiterated its stance on discouraging speculative cryptocurrency […]

There’s No Reason for Us To Stand in the Way of a Spot Bitcoin ETF, Says U.S. SEC Commissioner Hester Peirce

Yesterday, in an interview with Bloomberg TV’s Kailey Leinz and Sonali Basak, SEC Commissioner Hester Peirce discussed various aspects of digital asset regulation and internal dynamics within the U.S. SEC. On Regulatory Framework and Binance Case Peirce emphasized the importance of proactively building a regulatory framework that allows companies to operate legally in the U.S. […]

Coinbase CEO Brian Armstrong Discusses Binance’s Legal Woes and Crypto Compliance

On 21 Nov 2023, Coinbase Co-Founder and CEO Brian Armstrong spoke to CNBC’s Kate Rooney in the aftermath of Binance pleading guilty and agreeing to “pay over $4 billion to resolve the Justice Department’s investigation into violations related to the Bank Secrecy Act (BSA), failure to register as a money transmitting business, and the International […]

“North America’s Crypto Market is More Driven by Institutional Activity Than Any Other Region’s,” Says Chainalysis Report

According to a report published by Chainalysis on October 23, North America stands as the largest cryptocurrency market they have studied, with an estimated transaction volume of $1.2 trillion between July 2022 and June 2023. This accounts for 24.4% of global cryptocurrency transactions during that period. The United States leads the pack, ranking first globally, […]

Former CFTC Chair Heath Tarbert Advocates for Urgent Stablecoin Legislation to Secure U.S. Financial Future

Heath Tarbert, who previously served as the Chairman of the Commodity Futures Trading Commission (CFTC) and is now the Chief Legal Officer at Circle, has penned an opinion piece for CoinDesk emphasizing the need for immediate legislative action on stablecoins. Tarbert draws a parallel between the financial crisis instigated by the collapse of Lehman Brothers […]

UK Crypto Companies Scramble to Adapt to Fresh Regulatory Changes by FCA

Major cryptocurrency companies such as Coinbase, Revolut, and Binance have swiftly modified their mobile and web platforms to align with the United Kingdom’s Financial Conduct Authority’s (FCA) newly implemented marketing regulations. These changes became effective on 8 October 2023. The Financial Conduct Authority (FCA) is the UK’s primary regulatory body for financial markets and firms. Established in […]

Former SEC Chair Jay Clayton on Why Recent Events Have Made Approval of a Spot Bitcoin ETF ‘Inevitable’

On 3 October 2023, Jay Clayton, the former chair of the U.S. Securities and Exchange Commission (SEC), appeared on CNBC’s ‘Squawk Box’ to discuss the criminal trial of Sam Bankman-Fried (SBF), the former CEO of the now-defunct crypto exchange FTX. Clayton offered insights into the government’s case, the role of witnesses, and the state of […]

Coinbase’s Head of US Policy on Urgency of Crypto Legislation and Future of the Industry

Kara Calvert, the Head of US Policy at Coinbase, recently appeared on “Bloomberg Technology” with Ed Ludlow and Sonali Basak to discuss the pressing issues surrounding cryptocurrency regulation in the United States. The conversation focused on the challenges and opportunities that the crypto industry faces, particularly in the context of the SEC’s busy agenda and […]

Fireside Chat With the FCA’s Head of Capital Markets: A Report From CCDAS 2023

Earlier today, Helen Boyd, a key figure at the Financial Conduct Authority (FCA) participated in a Fireside Chat with Alissa Ostrove, Chief of Staff at CCData, during CCDAS, which is the UK’s premier annual digital asset conference that is organized by CCDtata, an FCA-authorized benchmark administrator and a global leader in providing institutional-grade digital asset […]

Crypto Is like a ‘New Industrial Revolution’ That’s ‘Here to Stay’, Says UK Member of Parliament

A UK Member of Parliament has recently said that the cryptocurrency space is like a “new industrial revolution” that’s “here to stay” during a recent conversation on future-proofing the digital asset industry, in which she noted the UK has been moving to become a crypto hub. During a panel on CCData’s CCDAS conference in London, […]

‘We Can Do It The Easy Way Or The Hard Way’, Congressman McHenry Tells SEC Chair Gary Gensler

On 27 September 2023, SEC Chair Gary Gensler appeared before the U.S. House Committee on Financial Services, where he was questioned by U.S. Congressman Patrick McHenry (R-NC-10). The exchange was intense, covering a range of topics from the classification of Bitcoin to the SEC’s compliance with document requests. In his prepared testimony for this hearing, […]

Coinbase Leads Massive Effort to Unite 52 Million U.S. Crypto Owners for Law Change

Coinbase has initiated a comprehensive campaign aimed at mobilizing the 52 million Americans who own cryptocurrency. The campaign, known as the Stand with Crypto Alliance, is set to run for 14 months and is structured around three core elements. Mobilizing Crypto Advocates Through Coinbase: The first aspect of the campaign involves using the Coinbase platform […]

U.S. SEC’s Crypto Enforcement Chief Warns of More Charges for Both Centralized Exchanges and DeFi Platforms

The U.S. Securities and Exchange Commission (SEC) is sending a clear message to the cryptocurrency industry: increased regulatory scrutiny is coming. According to a recent report by CoinDesk, David Hirsch has indicated that the agency is actively monitoring several businesses in the crypto space. These businesses include both centralized exchanges like Coinbase and Binance, as […]

Circle CEO Foresees U.S. Stablecoin Regulation as Catalyst for Crypto Industry Growth

Jeremy Allaire, the CEO of Circle, believes that the United States is on the verge of implementing legislation that will regulate stablecoins, providing much-needed clarity for the cryptocurrency industry. During an interview with journalist Laura Shin on episode 543 of the Unchained Podcast, Allaire expressed optimism that the ongoing discussions around stablecoin regulation will ultimately […]

How FATF’s Crypto Travel Rule Affects Crypto Transactions and Crypto Businesses in the UK

The information in this article is based on a recently released guide — titled “Crypto Travel Rule in United Kingdom by the Financial Conduct Authority (FCA)” — from RegTech startup Notabene. The United Kingdom has proactively engaged with the crypto industry, partnering with experts and regulators to establish an evidence-based regulatory framework. The Financial Conduct […]

Two U.S. SEC Commissioners Challenge First NFT-Related Enforcement Action

On 28 August 2023, the U.S. Securities and Exchange Commission (SEC) announced that it had charged Impact Theory, LLC, a Los Angeles-based media and entertainment company, for conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs). The company had sold nearly $30 million worth of NFTs, promising buyers that the tokens […]

U.S. SEC Charges Impact Theory for Unregistered NFT Offering

On 28 August 2023, the U.S. Securities and Exchange Commission (SEC) announced that it had charged Impact Theory, LLC, a Los Angeles-based media and entertainment company, for conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs). Through this offering, the company managed to raise around $30 million from hundreds […]

DeFi Education Fund CEO Slams U.S. Treasury’s “Confusing and Self-Refuting” Draft Regulations on Crypto

On 25 August 2023, the U.S. Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), unveiled draft regulations aimed at tightening the reporting requirements for digital asset transactions. This move is part of the Biden-Harris Administration’s broader strategy to plug tax compliance loopholes and mitigate the risks of tax evasion in the […]

U.S. Treasury Proposes New Reporting Rules for Digital Asset Brokers, Crypto Community Responds

The U.S. Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), has released a set of draft regulations targeting the reporting of digital asset transactions. This initiative is part of a larger agenda by the Biden-Harris Administration to close existing gaps in tax compliance and to address the perceived risks of tax […]

US Financial Editor at Financial Times Questions SEC’s Approach to Crypto Regulation

Brooke Masters, the US Financial Editor at Financial Times (FT), recently expressed concerns over the US Securities and Exchange Commission’s (SEC) approach to cryptocurrency regulation. In her FT opinion piece, Masters dived into the historical context of financial regulation in the US, highlighting the SEC’s primary role in safeguarding investors from potential fraud and ensuring […]

$XRP: Legal Expert Explains Why Judge Rakoff Was Wrong to Criticize Judge Torres’ Ruling in SEC v. Ripple Case

The ongoing SEC v. Ripple Labs lawsuit revolves around whether digital asset XRP should be classified as a security. The U.S. Securities and Exchange Commission (SEC) alleges that Ripple Labs and its executives unlawfully sold XRP as an unregistered security. On 13 July 2023, Judge Analisa Torres of the U.S. District Court for the Southern […]

$XRP: Ripple’s Chief Legal Officer Dissects Judge Rakoff’s Comments on Judge Torres’ Decision

Judge Torres’ Ruling on 13 July 2023 in SEC v. Ripple Case On 13 July 2023, a significant ruling was delivered in the ongoing SEC vs Ripple Labs lawsuit. The U.S. Securities and Exchange Commission (SEC) had accused Ripple Labs and its two senior executives, Bradley Garlinghouse and Christian A. Larsen, of unlawfully offering and selling securities. […]

$XRP: Crypto Lawyer Says Better for Ripple and XRP Community if SEC Appeals Now Rather Than in a Year

The Landmark Ruling on 13 July 2023 On 13 July 2023, a significant ruling was delivered in the ongoing SEC vs Ripple Labs lawsuit. The U.S. Securities and Exchange Commission (SEC) had accused Ripple Labs and its two senior executives, Bradley Garlinghouse and Christian A. Larsen, of unlawfully offering and selling securities. The case was presided over […]

Ripple CTO David Schwartz Reacts to Judge Rakoff’s Verdict, Gives Worst Case and Best Case Scenarios for XRP Fans

Judge Rakoff’s Ruling in SEC v. Terraform Labs Case On 31 July 2023, Judge Jed S. Rakoff of the U.S. District Court for the Southern District of New York made a significant ruling in the case “SEC v. Terraform Labs Pte. Ltd. and Do Hyeong Kwon” that could have much broader implications for the crypto space. According […]

$XRP: Former SEC Lawyer Applauds Judge Rakoff’s Decision, Says There Will be More Rejections of Judge Torres’ Decision

On 31 July 2023, Judge Jed S. Rakoff of the U.S. District Court for the Southern District of New York made a significant ruling in the case “SEC v. Terraform Labs Pte. Ltd. and Do Hyeong Kwon” that could have much broader implications for the crypto space. According to an article by The Block, in their defense, Terraform argued […]

$XRP: Ripple’s Chief Legal Officer Reassures XRP Holders Amid Regulatory Uncertainty

Yesterday’s ruling by Judge Jed S. Rakoff in the SEC vs Terraform Labs case has sent shockwaves through the crypto community. The decision, which dismissed the relevance of a previous ruling in the SEC vs. Ripple case, has left many crypto investors and enthusiasts grappling with its potential implications. Amidst this uncertainty, Stuart Alderoty, Ripple’s […]

Judge Rakoff’s Ruling Dampens Crypto Optimism: Ripple/XRP Precedent Dismissed, Crypto Investors on High Alert

In the rapidly evolving landscape of cryptocurrency regulation (or as many in the crypto community would argue, “regulation by enforcement”), Judge Analisa Torres’ ruling on 13 July 2023 in the SEC vs. Ripple case has had many crypto investors feeling bullish. However, in a surprising turn of events, a federal judge has dismissed the relevance […]

XRP: A Security or Not? Crypto Lawyer Mike Selig Clears the Air

The recent ruling in the SEC vs. Ripple case has stirred up a whirlwind of interpretations, misinterpretations, and downright confusion. Enter Michael Selig, Counsel at NYC-based law firm Willkie Farr & Gallagher LLP, who’s taken to the Twitterverse to set the record straight. Contrary to what some commentators have been suggesting, Selig explains that Judge […]

Coinbase CEO Says They Were Told by SEC ‘We Believe Every Asset Other Than Bitcoin Is a Security’

In a surprising revelation, Coinbase CEO Brian Armstrong has disclosed that the U.S. Securities and Exchange Commission (SEC) had urged the crypto exchange to halt trading in all cryptocurrencies, except Bitcoin, before initiating legal action against the company. According to a CoinDesk article published earlier today, Armstrong’s disclosure, made in an interview with the Financial […]

$XRP: U.S. Congressman Stephen Lynch Approves of Gary Gensler’s Approach to Regulating the Crypto Industry

A Recap of the Judge Torres’ Landmark Ruling in SEC vs Ripple On 13 July 2023, a significant ruling was delivered in the ongoing SEC vs Ripple Labs lawsuit. The U.S. Securities and Exchange Commission (SEC) had accused Ripple Labs and its two senior executives, Bradley Garlinghouse and Christian A. Larsen, of unlawfully offering and […]

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