U.S. District Judge Analisa Torres also suggested the move could add further delays to the case, despite Ripple and token holders urging a quick resolution to the proceedings.
The firm revealed in a recent regulatory filing that the Securities and Exchange Commission (SEC) subpoenaed it in July, although it refused to reveal what the probe was about.
After clashing with the U.S. securities regulator on its proposed Lend feature, Coinbase is now working on regulatory proposals for the digital currency industry.
Judge Sarah Netburn ruled against Ripple’s request to gain access to the trading records, saying that individual trading decisions do not bear on the issues in the case.
Robert Shumake, Willard Jackson, and Nicole Birch are accused of conducting the two fraudulent crowdfunding offerings. They allegedly sold securities in 420 Real Estate and the now-defunct Transatlantic Real Estate.
American CryptoFed DAO LLC, which became the first legally recognized DAO in July, has filed a new S-1 to use two tokens to establish its secondary market.
The U.S. securities regulator plans to take enforcement action on the blockchain and digital currency industry, according to Chair Gary Gensler.
SEC Chair Gary Gensler recently testified before the U.S Senate and outlined his position regarding the regulation of key financial areas. Unsurprisingly, one of them was what Gensler coined “crypto assets.”
The U.S. Securities and Exchange Commission awarded over $1 billion in rewards to whistleblowers since the formation of its whistleblower program in 2012.
The new policy requires operators to tie in with AML/CFT rules, which include processes like verifying the source of funds, monitoring transactions, and other diligence measures.
The U.S. Securities and Exchange Commission charged New York-based GTV Media Group and Saraca Media Group, as well as Arizona-based Voice of Guo Media Inc. in connection with the illegal stock offering.
Rivetz allegedly sold tokens that couldn’t purchase any good or service at the time of sale and raised $18 million while violating securities laws, according to the U.S. securities regulator.
