SEC Requests Pause in Lawsuit for Potential Resolution with Justin Sun

The Securities and Exchange Commission (SEC) has requested a stay in the case involving Justin Sun, seeking a potential resolution. The SEC’s move comes amid ongoing legal proceedings related to Sun’s activities in the cryptocurrency industry. Sun, a prominent figure in the crypto space and founder of TRON, has been embroiled in a legal battle [...]

The post SEC Requests Pause in Lawsuit for Potential Resolution with Justin Sun appeared first on Crypto Breaking News.

View Details

SBFs Strategic Political Maneuvering: Playing Both Sides of the Aisle Despite Republican Requests

The CEO of FTX, Sam Bankman-Fried (SBF), commented on former President Donald Trump’s recent appeal for donations. SBF expressed his skepticism about Trump’s plea, labeling it a “con” and urging people to be cautious. The cryptocurrency exchange executive warned individuals to thoroughly research before giving money to any cause, especially if it involves political figures. [...]

The post SBF’s Strategic Political Maneuvering: Playing Both Sides of the Aisle Despite Republican Requests appeared first on Crypto Breaking News.

View Details

SEC requests additional 28 days to address Coinbases appeal

Recently, renowned cryptocurrency platform Coinbase is embroiled in a legal battle with the US Securities and Exchange Commission (SEC). The SEC has requested an extension for the lawsuit against Coinbase, seeking more time to gather evidence and build their case. This development comes amidst a growing regulatory scrutiny on the cryptocurrency industry as a whole. [...]

The post SEC requests additional 28 days to address Coinbase’s appeal appeared first on Crypto Breaking News.

View Details

SEC Requests Feedback on In-Kind Redemption Option for Bitcoin and Ether Exchange-Traded Funds (ETFs)

The Securities and Exchange Commission (SEC) has provided guidance on in-kind redemptions for Bitcoin and Ether exchange-traded funds (ETFs). This decision marks a significant step in the regulation of digital asset securities. In-kind redemptions are a process where ETF shares can be redeemed for the underlying assets, such as Bitcoin and Ether, instead of cash. [...]

The post SEC Requests Feedback on In-Kind Redemption Option for Bitcoin and Ether Exchange-Traded Funds (ETFs) appeared first on Crypto Breaking News.

View Details

FTX EU Launches Website for Customer Withdrawal Requests

FTX EU has launched a website for European customers to submit withdrawal requests following the global trading platform's collapse and bankruptcy in November 2022. The Cyprus Securities and Exchange Commission reportedly approved the new website domain name, which will only be used to pay back impacted customers and will not offer any products or services. (Read More)

View Details