Binance.US prepared for SEC legal showdown

Binance.US is gearing up for an extended legal battle with the SEC, emphasizing its commitment to compliance and criticizing the agencys enforcement tactics.

View Details

SEC vs. Binance: Court rules BNB sales, cryptocurrencies not securities

In a major win for the crypto industry, a federal court ruled that cryptocurrency tokens themselves are not securities.

View Details

Coinbase, SEC spar over investment definition in appeal attempt

The SEC is evading the real issue, and the court was wrong to take its side, Coinbase claims in a defense of its interlocutory appeal.

View Details

Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration

Binance faces a class-action lawsuit in Canada for allegedly violating securities laws by selling crypto derivative products to retail investors without proper registration, highlighting the significant presence of retail investors. (Read More)

View Details

ShapeShift Settles with SEC for Operating as Unregistered Crypto Asset Dealer

ShapeShift AG has settled with the U.S. Securities and Exchange Commission (SEC) for operating as an unregistered dealer of crypto asset securities, agreeing to a cease-and-desist order and a $275,000 penalty. (Read More)

View Details

US Court of Appeals Reverses Lower Courts Ruling in Favor of Binance

The United States Court of Appeals has reversed a lower court’s ruling dismissing U.S.-based users’ damages claim against Binance. Aggrieved users will once again attempt to prove that their claims do not constitute an “impermissible extraterritorial application” of U.S. securities law. ‘Impermissible Extraterritorial Application’ of Securities Law The U.S. Court of Appeals has revived a [...]

The post US Court of Appeals Reverses Lower Courts Ruling in Favor of Binance appeared first on Crypto Breaking News.

View Details

SEC wins $2.8M in suit over alleged crypto token price manipulation

Hydrogen Technology Corp. and its former CEO will pay $2.8 million in fines and remedies for allegedly operating a price manipulation scheme.

View Details

Malaysian Regulator Orders Crypto Exchange Huobi Global to Halt Operations in the Country

The Malaysian securities regulator announced on May 22 that the crypto exchange Huobi Global Limited and its CEO Leon Li have been reprimanded for operating in the Asian country illegally. The regulator also revealed that the crypto exchange has been told to stop soliciting investments via emails and social media platforms. Crypto Exchange Told to

The post Malaysian Regulator Orders Crypto Exchange Huobi Global to Halt Operations in the Country appeared first on BTC Ethereum Crypto Currency Blog.

View Details

SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023

2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences. The following opinion editorial was written by Joseph Collement, [...]

The post SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023 appeared first on Crypto Breaking News.

View Details

Biden vows to hold accountable those responsible for SVB, Signature collapse

United States President Joe Biden said on Twitter that he is “firmly committed” to holding those responsible for the Silicon Valley Bank and Signature Bank collapse “fully accountable.”

View Details

SEC Revokes License of ParagonCoin Crypto Startup

ParagonCoin, a crypto startup backed by rapper The Game, had its license revoked by the SEC for violating securities laws by failing to file periodic reports. The startup had held a $70 million initial coin offering in 2017, and in 2021, was found liable for more than $12 million in a class-action lawsuit. Meanwhile, other rappers like Snoop Dogg and Eminem are entering the Web3 space with NFTs and new startups. (Read More)

View Details

SEC not allowed to punish Voyager advisers over bankruptcy token, says US judge

The SEC claims the transactions involved with redistributing the funds to impacted Voyager account holders will trigger U.S. securities laws.

View Details

Are stablecoins securities? Well, its not so simple, say lawyers

One lawyer said that while stablecoins are meant to be stable, buyers may possibly profit from a range of arbitrage, hedging, and staking opportunities.

View Details

WSJ: Terraform Labs claims case against Do Kwon is ‘highly politicized’

A spokesperson for the company behind Terra said it believes prosecutors heeled to public pressure and expanded the definition of a security after its associated cryptocurrencies collapsed.

View Details

Binance wins dismissal of class action over 2018 tokens that tanked

The judge ruled domestic law doesn’t apply to Binance as it is not an exchange domestic to the U.S. and that the case was filed “too late”.

View Details

Nasdaq Halts Crypto Custody Plans Amid Tough US Regulatory Environment

Adena Friedman, CEO of Nasdaq, the international securities marketplace, announced that the firm is postponing its cryptocurrency custody plans due to the United States’ “regulatory environment.” During a Q2 earnings call, Friedman disclosed that Nasdaq aimed to launch the service last quarter, but it has been put on hold. U.S. ‘Regulatory Environment’ Forces Nasdaq to [...]

The post Nasdaq Halts Crypto Custody Plans Amid Tough US Regulatory Environment appeared first on Crypto Breaking News.

View Details

Ripple CEO Brad Garlinghouse: Former SEC Official William Hinman Received ‘Millions of Dollars’ From Law Firms With a ‘Vested Interest’ in His Speech

Ripple CEO Brad Garlinghouse has blasted the enforcement approach of the U.S. Securities and Exchange Commission (SEC) after the release of the Hinman docs, which contain internal discussions that the institution had before the now famous 2018 speech offered by former SEC Division of Corporation Finance Director William Hinman. Garlinghouse stated that while he was

The post Ripple CEO Brad Garlinghouse: Former SEC Official William Hinman Received ‘Millions of Dollars’ From Law Firms With a ‘Vested Interest’ in His Speech appeared first on BTC Ethereum Crypto Currency Blog.

View Details

What are the Howey test and its implications for cryptocurrency?

The Howey test’s impact on cryptocurrency, explained — legal implications, compliance requirements and more.

View Details

Cameron Winklevoss Criticizes SEC Regulatory Approach: ‘Securities Laws Written in 1933 Don’t Meet the Realities of the World Today’

Cameron Winklevoss, a co-founder of Gemini, a U.S.-based cryptocurrency exchange, criticized the U.S. Securities and Exchange Commission’s (SEC) posture regarding cryptocurrency regulation. Winklevoss stated that the SEC laws written in 1933 are obsolete today, and their application would mean that the crypto industry will leave the U.S. behind. Cameron Winklevoss Believes SEC Securities Laws Are

The post Cameron Winklevoss Criticizes SEC Regulatory Approach: ‘Securities Laws Written in 1933 Don’t Meet the Realities of the World Today’ appeared first on BTC Ethereum Crypto Currency Blog.

View Details

Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order

According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been investigating Abra, and the working group interviewed William Barhydt, the company’s founder, in March 2023. Texas State Regulators Issue Cease-and-Desist Order, Citing [...]

The post Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order appeared first on Crypto Breaking News.

View Details