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 […]

As $UNI Falls Over 16%, Uniswap Counters U.S. SEC’s Wells Notice with Strong Defense of Blockchain Innovation

On 10 April 2024, Uniswap Labs announced its receipt of a Wells notice from the U.S. Securities and Exchange Commission (SEC), a preliminary step before potential legal action. A Wells notice is a formal notification issued by the staff of a regulatory body, such as the U.S. Securities and Exchange Commission (SEC), to inform a […]

$TRX: Tron Foundation Challenges SEC Lawsuit Over Jurisdiction and Token Classification

On March 28, Tron Foundation urged a New York federal court to drop a lawsuit initiated by the U.S. SEC, arguing that the SEC is overreaching by targeting actions that primarily occurred outside the U.S. The foundation’s dismissal motion highlights its stance against the SEC’s global jurisdiction claims over its digital asset offerings. The SEC’s […]

$ETH: Consensys Responds to SEC’s Call for Comments on BlackRock’s Spot Ethereum ETF

Consensys says it has actively participated in the ongoing discourse regarding the potential listing and trading of the iShares Ethereum Trust on Nasdaq. This initiative is currently under the Securities and Exchange Commission’s (SEC) review, which specifically called for public commentary concerning Nasdaq’s application. Consensys’s engagement comes in response to the SEC’s inquiry about Ethereum’s […]

Bitwise Files Registration Statement for Spot Ethereum (ETH) ETF Despite U.S. SEC’s Cryptic Stance

Bitwise Asset Management (aka “Bitwise Investments”) has filed with the United States Securities and Exchange Commission (SEC) to list and trade shares of a spot Ethereum ETF. In a March 28 filing, Bitwise filed a Form S-1 registration statement with the SEC for shares of its spot Ethereum ETF. The filing came amid speculation that […]

$ETH: Grayscale’s CLO Explains Why He Still Expects U.S. SEC to Approve Spot Ethereum ETFs

In a recent discourse on the social media platform X, Craig Salm, the Chief Legal Officer (CLO) of Grayscale Investments, shared his insights and optimism regarding the approval of spot Ethereum ETFs in the U.S., despite what many perceive as a lack of engagement from the U.S. SEC. Salm began the thread by addressing the […]

U.S. SEC Asking the Court To Hit Ripple With ‘$2B in Fines and Penalties’ in XRP-Related Lawsuit, Reveals Ripple’s Chief Legal Officer

On July 13, 2023, in the case of SEC v. Ripple Labs, Inc., document number 2023 WL 4507900 in the Southern District of New York, Judge Analisa Torres ruled in a summary judgment that while Ripple’s direct sales of XRP to institutional buyers were considered securities transactions, its sales on secondary trading platforms were not. […]

Federal Judge Sanctions U.S. SEC for ‘Gross Abuse of Power’ in Crypto Fraud Case

As Bloomberg News recently reported earlier this week, the U.S. Securities and Exchange Commission (SEC) was criticized by a federal judge in Utah for what was described as an egregious misuse of its authority in its case against Digital Licensing Inc., which operates as DEBT Box. This decision, delineated in an 80-page legal document, marks […]

SEC Chair Gary Gensler Calls Out Crypto Firms Seeking to Avoid Disclosure Requirements

In his prepared remarks for the Columbia Law School conference, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler emphasized the importance of mandatory disclosure in protecting investors and promoting market efficiency, especially in the context of cryptocurrency markets. Gensler began his speech by expressing his personal views, which do not necessarily represent those of […]

Ripple CEO: U.S. SEC ‘Will Lose the War Against ETH Just As They Lost Against XRP’

Ripple CEO Brad Garlinghouse has once again taken aim at the U.S. Securities and Exchange Commission (SEC), asserting that the regulator is destined to fail in its attempts to classify Ethereum (ETH) as a security, just as it did with Ripple’s XRP token. Garlinghouse’s comments come on the heels of a heated debate sparked by […]

Coinbase’s Chief Legal Officer Slams U.S. SEC’s Ethereum ($ETH) ‘Misinformation’

Coinbase’s Chief Legal Officer, Paul Grewal, has taken to social media to counter recent reporting about the U.S. Securities and Exchange Commission’s (SEC) potential classification of Ethereum (ETH) as a security. Grewal’s strongly-worded response comes as the crypto community anxiously awaits a decision on proposed spot Ethereum ETFs. A Fortune report published on March 20 […]

Bloomberg Analyst on Why He Is ‘Pessimistic Re Spot ETH ETF Approval Chances’

In a recent development, two Democratic Senators, Jack Reed (D-R.I.) and Laphonza Butler (D-CA), have urged the U.S. Securities and Exchange Commission (SEC) to halt the approval of any further crypto exchange-traded products (ETPs). The Senators expressed their concerns in a letter addressed to SEC Chair Gary Gensler, citing risks associated with poor broker disclosure […]

$ETH: Prominent Lawyer Jake Chervinsky’s Sobering Insight on the Spot Ethereum ETFs’ Rocky Road Ahead

In a post on social media platform X, dated 11 March 2024, Jake Chervinsky, Chief Legal Officer at Variant Investments, shared a candid analysis regarding the prospects of an Ethereum (ETH) Exchange-Traded Fund (ETF) being approved by the U.S. Securities and Exchange Commission (SEC). This comes after the watershed moment on 10 January 2024, when […]

When Asked if U.S. SEC Sees Ethereum (ETH) as a Security, Gary Gensler Refuses To Answer in Latest Interview

On March 6, U.S. SEC Chair Gary Gensler appeared on Bloomberg Television with hosts Kailey Leinz and Joe Mathieu. He shared his thoughts on the SEC’s initiatives on climate disclosure rules and the complex world of cryptocurrency regulation. The Evolution of Climate Disclosure Rules Gensler detailed the SEC’s adoption of a new climate-disclosure rule, emphasizing […]

Hopes Dashed? Spot Ethereum ETF Approval May Face SEC Delays Beyond 2024

The potential for a spot Ethereum exchange-traded fund (ETF) has become a topic of keen interest among investors and industry insiders. During a recent interview with The Block, Steven McClurg, Chief Investment Officer at Valkyrie, shared his insights on the matter, suggesting that while a spot Ethereum ETF may not be imminent, its approval could […]

The Future of US Treasuries: Unpacking the SEC’s Bold Market Reforms

The US securities regulators are embarking on a comprehensive reform of the market infrastructure for US Treasuries, as reported recently by Lydia Beyoud and Liz Capo McCormick for Bloomberg News. This market, crucial for guiding the pricing of various securities and loans, is undergoing changes to enhance its transparency and resilience, which is particularly important […]

The SEC Has ‘Lost Consistently’: Brad Garlinghouse on Ripple’s Fight for Crypto Clarity

Yesterday, during an interview on Bloomberg TV’s “Bloomberg Crypto,” Ripple CEO Brad Garlinghouse shared his perspectives on the need for clearer cryptocurrency regulations, the future of spot crypto ETFs, and the potential impact of the 2024 elections on the crypto industry. Here’s a detailed exploration of the key points discussed: The Quest for Regulatory Clarity […]

ETH: Asset Management Firm Bernstein Predicts Near-Certain SEC Approval for Spot Ether ETF by Early 2025

In a CoinDesk article by Will Canny on 19 February 2024, the spotlight turns to Ether (ETH), the second-largest cryptocurrency by market capitalization, and its potential trajectory towards securing a spot ETF approval in the United States. The CoinDesk article states that according to a research report by brokerage firm Bernstein, Ether stands out as […]

The Huge Demand for Spot Bitcoin ETFs Has U.S. Banks Begging the SEC to Relax Accounting Rules So They Can Get Into the Crypto Custody Business

On February 14, 2024, a significant development unfolded in the financial regulatory landscape as four leading financial associations—the Bank Policy Institute (BPI), the American Bankers Association (ABA), the Financial Services Forum (the Forum), and the Securities Industry and Financial Markets Association (SIFMA)—jointly addressed a letter to Gary Gensler, Chair of the U.S. Securities and Exchange […]

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 […]

Bloomberg Analyst Predicts a Strong Chance of Coinbase Overcoming SEC Lawsuit

The legal battle between the Securities and Exchange Commission (SEC) and Coinbase, the largest cryptocurrency exchange in the U.S., has reached a critical juncture, attracting widespread attention within the cryptocurrency industry and beyond. This in-depth report combines insights from Bloomberg Intelligence Senior Litigation Analyst Elliot Z. Stein with details from a Reuters report to provide […]

Ripple CEO: There Will Be Spot ETFs for Other Cryptocurrencies ‘for Sure’, SEC Chair Gary Gensler Is ‘a Political Liability’

On January 16, day two of Davos 2024, Brad Garlinghouse, CEO of US crypto company Ripple, engaged in a conversation with CNBC Senior Tech Correspondent Arjun Kharpal, discussing various aspects of Ripple’s future, blockchain technology, and the crypto industry’s progression. SEC’s Stance and Gary Gensler’s Role Garlinghouse expressed his views on the U.S. SEC and […]

Cantor Fitzgerald CEO on Why Bitcoin Will Go Up, Why He Is Not Worried About Tether, and Why Americans Are Not Serious About Crypto

On January 16, Howard Lutnick, CEO of Cantor Fitzgerald, spoke on Bloomberg Television at the World Economic Forum’s annual meeting in Davos, Switzerland. Cantor Fitzgerald is a global financial services firm that operates in various aspects of the financial markets. Founded in 1945, it has established itself as a prominent player in the world of […]

Morgan Creek Capital CEO Skeptical About Near-Term SEC Approval for Spot Ethereum ETF

Mark Yusko, the founder, CEO, and CIO of Morgan Creek Capital, recently shared his insights with Cointelegraph about the recently approved (by the U.S. SEC) spot Bitcoin ETFs and their potential impact on the cryptocurrency market. Bitcoin ETFs and Market Dynamics Yusko expressed a critical view of the approval of spot Bitcoin ETFs, suggesting that […]

Coinbase Research on the Revolutionary Impact of U.S. SEC’s Approval of 11 Spot Bitcoin ETFs

On 12 Jan 2024, David Duong, Head of Institutional Research, and David Han, Institutional Research Analyst at Coinbase, released their latest weekly crypto market commentary (title: “Spot Bitcoin ETFs Approved”), in which they discuss the market impact of the U.S. SECs historic decision to approve 11 spot Bitcoin ETFs on 10 January 2024. This event, […]

Coinbase CEO Brian Armstrong on Implications of SEC’s Spot Bitcoin ETF Approval for Crypto Industry

On January 11, Brian Armstrong, Co-Founder and CEO of Coinbase, appeared on CNBC’s “Squawk Box” to discuss the U.S. Securities and Exchange Commission’s (SEC) recent approval of several spot Bitcoin Exchange-Traded Funds (ETFs). Armstrong highlighted the significance of this development for the cryptocurrency industry and Coinbase. Historic Milestone for Crypto Armstrong emphasized that the SEC’s […]

JPMorgan Strategist Skeptical About U.S. SEC’s Approval of Spot Ethereum ETFs by May

Although the crypto market seems to believe that SEC-approved spot Ethereum ETFs are just around the corner judging by Ethereum’s price action since January 11, the day that the SEC approved eleven spot Bitcoin ETFs, JPMorgans most prominent blockchin/crypto analyst is not so sure. Nikolaos Panigirtzoglou, an analyst at JPMorgan, told The Block that for […]

SEC Chair Gensler Discusses Approval of Spot Bitcoin ETFs in His First Interview Since Launch Day

Earlier today, Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), appeared on CNBC’s “Squawk Box” to discuss with co-anchors Andrew Ross Sorkin and Joe Kernen the SEC’s recent approval of 11 spot Bitcoin ETFs. Historic Decision and Court Influence Gensler described the SEC’s decision as a response to a long-standing consideration dating […]

Ripple CEO and Ripple CLO Explain Why the U.S. SEC ‘Should Be Investigating Itself’

Background of the Incident The SEC’s official X (formerly known as Twitter) account erroneously stated on 9 January 2024 that the commission had approved all spot Bitcoin ETF applications. This announcement led to a significant reaction in the Bitcoin market, with the BTC price momentarily surging from around $46,605 to $47,886. SEC’s Clarification and Market […]

U.S. SEC Official Warns About FOMOing Into Crypto Investments

Lori Schock, the Director of the SEC’s Office of Investor Education and Advocacy, recently published an article titled “Say ‘NO GO to FOMO,’” in which she says, “one place you should consider using your strongest willpower is when you’re making decisions on investment opportunities.” In this piece, Schock discusses the phenomenon of FOMO (Fear of […]

U.S. Spot Bitcoin Approval Will Most Likely Be a ‘Sell-the-News’ Event, Predicts K33 Research

As James Hunt reported for The Block earlier today, in a research note (published on 1 Dec 2024) titled “All-time high CME premiums ahead of ETF verdict,” K33 Research’s Senior Analyst Vetle Lunde and Head of Research Anders Helseth explore the market dynamics preceding the anticipated decision by the U.S. SEC on spot Bitcoin ETFs. […]

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 […]

Trading Legend Peter Brandt Sees Ethereum Falling to $650 as U.S. SEC Postpones Decision on Multiple Ethereum ETFs

Yesterday, Peter Brandt, a renowned market trader, forecasted a significant price drop for Ethereum (ETH), the second-largest cryptocurrency by market capitalization. Brandt, known for his generally pessimistic view on Ethereum, predicts the digital currency could plummet to as low as $650. Peter Brandt is a highly experienced and respected figure in the world of trading […]

XRP: Law Professor Critiques SEC’s Approach to Crypto Regulation, Highlights Ripple Case as a Regulatory Roadmap

Introduction In a thought-provoking piece for InsideSources, Professor J.W. Verret from George Mason University scrutinizes the U.S. Securities and Exchange Commission’s (SEC) current regulatory approach towards the cryptocurrency industry. He particularly focuses on the SEC’s interactions with major industry players and the implications of key legal battles, such as SEC v. Ripple. J.W. Verret is […]

Bloomberg Analyst James Seyffart Foresees H1 2024 U.S. Approval for Spot Bitcoin and Ether ETFs

James Seyffart, a Bloomberg Intelligence ETF research analyst renowned for his spot bitcoin ETF analysis, recently spoke with Frank Chaparro on The Block’s Scoop podcast, according to a report by The Block’s James Hunt. Anticipated Approval Window: Seyffart reiterated his prediction that the window for a potential spot bitcoin ETF approval is likely between January […]

Ripple CTO David Schwartz on the ‘Absolutely Shocking Behavior’ of the SEC

U.S. District Judge Robert J. Shelby, serving in the District Court of Utah, issued an order on 30 November 2023, raising the possibility of sanctions against SEC attorneys. These potential sanctions stem from making “misleading” claims about Debt Box, a crypto firm, allegedly moving assets and investor funds overseas, resulting in a court-ordered freeze of […]

Pro-XRP Lawyer John Deaton Reveals Being Invested 10x More Heavily in Bitcoin than XRP

Introduction to Key Industry Figures and Their Interactions In a series of engaging discussions on the social media platform X (formerly Twitter), several prominent figures in the crypto space shared insights and opinions that shed light on personal investment strategies, legal battles, and the impact on the broader crypto industry. Caitlin Long’s Praise for John […]

Bloomberg Analyst Says Potential U.S. Approval of Multiple Spot Bitcoin ETFs in January 2024 Is Even More Likely After the SEC’s Latest Move

James Seyffart, an ETF Research Analyst at Bloomberg Intelligence, has provided insights suggesting that the U.S. Securities and Exchange Commission (SEC) may be preparing to approve a series of applications for a spot market Bitcoin (BTC) exchange-traded fund (ETF) in January 2024. Seyffart shared his analysis in a detailed thread on the social media platform […]

Cardano Founder Accuses SEC of Favoritism Toward Bitcoin, Blockstream CEO Defends the SEC

Charles Hoskinson, the founder of Cardano, recently criticized the U.S. Securities and Exchange Commission (SEC) for its apparent leniency towards Bitcoin. In a livestream, he accused the SEC of giving Bitcoin a “complete pass” over its decentralization status, which exempts it from being considered a security. Hoskinson argued that Bitcoin is not as decentralized as […]

YouTube Star ‘TechLead’ on Bitcoin’s Risk-Reward Ratio and Potential Approval of a Spot Bitcoin ETF in the U.S.

TechLead, whose real name is Patrick Shyu, is a popular YouTuber and social media personality known for his content related to technology, software engineering, and career advice. Before gaining fame on YouTube, he worked as a software engineer at tech giants like Google and Facebook. His experience in these top-tier tech companies forms the basis […]

Spot Bitcoin and Ethereum ETF Approval in the U.S. Could Be Delayed Amid Investigation of Binance’s Affairs, Says Personal Finance Guru Andrei Jikh

Andrei Jikh, a very popular YouTube personality in the personal finance space, recently shared his insights on the potential impact of Binance and its former CEO CZ’s legal troubles on the crypto market, particularly focusing on the approval of spot Bitcoin and Ethereum ETFs. Key Points from Jikh’s Analysis: Binance and CZ’s Legal Challenges Jikh […]

Former SEC Branch Chief Lisa Braganca Analyzes Binance Probe and Crypto Industry Impact

Lisa Braganca, a former U.S. SEC branch chief, appeared on CNBC’s “Squawk Box” to discuss the criminal investigation into Binance following founder Changpeng Zhao’s guilty plea to money laundering charges. She explored the implications of this case for the broader cryptocurrency industry. Braganca emphasized the gravity of felony exposure for major players in the 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. […]

SEC Charges Kraken With Illegal Operations, Accuses of Mixing Customer and Own Funds

SEC Charges Kraken for Operating as an Unregistered Securities Exchange, Broker, Dealer, and Clearing Agency On 20 November 2023, the U.S. Securities and Exchange Commission (SEC) announced that it had formally charged Payward Inc. and Payward Ventures Inc., collectively known as Kraken, for operating their cryptocurrency trading platform without proper registration. The SEC’s complaint, filed […]

$XRP: Legal Expert Rebukes Fox Business Correspondent’s Critique of Judge Torres’ Landmark Ruling

Bill Morgan, an Australia-based lawyer, has openly criticized Charles Gasparino, a Senior Correspondent at Fox Business, for his negative remarks about the price performance of XRP and the legal outcomes of the Ripple v. SEC case. Gasparino joined FOX Business Network (FBN) in 2010 as a Senior Correspondent. According to his bio on the Fox Business website, […]

‘Shark Tank’ Star Kevin O’Leary Foresees an 18-Month Wait for a Spot Bitcoin ETF Approval in the U.S.

Kevin O’Leary, a prominent investor from “Shark Tank” and the chairman of O’Leary Ventures, recently shared insights on the timeline for the approval of a spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Kevin O’Leary, also known as “Mr. Wonderful,” is a prominent Canadian entrepreneur, author, and television personality, widely […]

ARK Invest CEO Cathie Wood: ‘Bitcoin Is the Money Revolution’

ARK Invest’s New Crypto ETFs in Collaboration with 21Shares Earlier today, Cathie Wood, the Founder, CIO, and CEO of ARK Investment Management, LLC, shared insights on CNBC’s “Squawk Box” about ARK Invest’s latest venture into the crypto space. In partnership with 21Shares, known for being the largest crypto EFT provider in the world, ARK is […]

Crypto Analyst Warns That SEC Chair Gary Gensler Could Still Derail Bitcoin’s Bull Run and Crash Its Price to $8,000

Yesterday, in a detailed analysis on his YouTube channel, Crypto Jebb, a notable figure in the cryptocurrency analysis sphere, discussed the potential impact of the U.S. Securities and Exchange Commission (SEC) rejecting all current applications for spot Bitcoin ETFs. He specifically focused on the influence of SEC Chair Gary Gensler’s stance on the future of […]

Ripple CEO on US SEC’s Approach to Crypto: ‘One of the Definitions of Insanity Is Doing the Same Thing Over and Over Again’

During the Ripple Swell 2023 conference in Dubai (Nov 8-9, 2023), Ripple CEO Brad Garlinghouse engaged in a candid conversation with CNBC’s Dan Murphy. He expressed strong opinions about the U.S. Securities and Exchange Commission (SEC) and the broader landscape of cryptocurrency regulation. Garlinghouse questioned the SEC’s commitment to its mission of protecting investors, suggesting […]

Ripple CEO Eager for Supreme Court Showdown in SEC Legal Battle

As reported by Bloomberg, Brad Garlinghouse, the CEO of Ripple, has indicated the company’s readiness to take its legal battle with the U.S. Securities and Exchange Commission (SEC) over the XRP cryptocurrency to the Supreme Court. This statement emerged during Garlinghouse’s interview with Bloomberg Television’s Kailey Leinz at the DC Fintech Week event (November 6-8, […]

XRP Programmatic Sales: Lawyer Jeremy Hogan Predicts Very Tough Road Ahead for SEC’s Planned Appeal

On 13 July 2023, Honorable Analisa Torres, a district judge for the United States District Court for the Southern District of New York, delivered a nuanced ruling in the protracted legal feud between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. The lawsuit, initiated in December 2020, accused Ripple and its senior […]

SEC Chair Gary Gensler Issues Urgent Call for AI Regulation to Prevent Financial Crisis

In a recent interview with The Financial Times (FT), Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), expressed grave concerns about the potential risks artificial intelligence (AI) poses to financial stability. Gensler warned that without immediate regulatory measures, a financial crisis triggered by AI is “nearly unavoidable” within the next ten […]

U.S. SEC Fights Coinbase’s Lawsuit Dismissal, Coinbase’s Chief Legal Officer Fires Back

On 3 October 2023, the U.S. Securities and Exchange Commission (SEC) filed a comprehensive legal memorandum opposing Coinbase’s Motion for Judgment on the Pleadings. The SEC’s opposition is rooted in the Howey test, a legal standard used to determine what constitutes an “investment contract.” According to the SEC, an investment contract is an arrangement where […]

$XRP: Jeremy Hogan’s Analysis Reveals SEC’s Limited Options and Long Road Ahead in Ripple Lawsuit

Introduction On 13 July 2023, Hon. Analisa Torres, a district judge at the United States District Court for the Southern District of New York, issued a pivotal ruling in the SEC vs Ripple Labs lawsuit, which has been ongoing since December 2020. The U.S. Securities and Exchange Commission (SEC) had accused Ripple Labs Inc. and […]

$XRP: Former SEC Lawyer Says Judge Torres’ Summary Judgement Decision Does Not Set a Precedent

John Reed Stark, a regulatory compliance expert in the digital space with a 15-year tenure as an SEC enforcement attorney, took to social media platform X (formerly known as Twitter) on 6 October 2023 to share his insights on Judge Torres’ recent order concerning the SEC and XRP. Stark emphasized that the judge’s decision to […]

Ripple CEO’s Rousing Speech at ‘The Proper Party’ in NYC: ‘This Village Beat the Bully’

Last night, in front of a packed, jubilant crowd consisting of Ripple employees and members of the XRP Army, Ripple CEO Brad Garlinghouse gave a rousing speech in which he gave a special shoutout to several people who had provided invaluable help/support to Ripple, himself, and the XRP community. It all started on August 28 […]

‘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, […]

Gary Gensler Explains U.S. SEC’s Crypto Regulation Approach in September 27th Congressional Testimony

In his prepared testimony for a U.S. House Committee on Financial Services hearing on 27 September 2023, Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), provided a comprehensive outline of his views on the regulation of cryptocurrencies. Crypto Assets and U.S. Securities Laws Gensler was clear in stating that cryptocurrencies should not […]