Besides ruling in favor of the U.S. securities regulator on claims Terraform and former CEO Do Kwon sold unregistered securities, Judge Rakoff also denied the defendants' motion for a summary judgment on fraud claims.
Kasikornbank is looking to revolutionize fundraising with tokenized securities, a move that it hopes would advance its Web3 ambitions in digital asset ecosystem development.
With the growing interest in security tokens in Japan, ODX launched its START platform offering customers investment opportunities and providing enterprises with flexible financing means.
2023 is a challenging year for the digital asset space, with major firms collapsing, high-profile names getting into lawsuits, and regulators rushing to balance innovation and regulation.
While the proposed bill would not impact how the U.S. Securities and Exchange Commission oversees the digital asset space, its enforcement in New Jersey would further validate that the regulator is on the right track.
While the court may submit queries to the jury in resolving factual disputes, determining whether an asset is a security still lies at the hands of the court, the U.S. securities regulator argues in its latest filing.
As a dramatic 2023 for digital assets draws to a close, CoinGeek speaks with Stephanie Breslow, co-author of 'Hedge Funds: Formation, Operation and Regulation' and partner at U.S. law firm Schulte Roth & Zabel, on the state of digital asset regulation in the U.S. at the court cases defining it.
The U.S. securities regulator has been unsuccessful in its attempts to serve HEX and PulseChain founder Richard Heart with its lawsuit for selling unregistered securities.
In the latest charges against COPA members, Kraken was charged by the SEC on November 20 over illegally selling digital asset securities and comingling customer and corporate funds.
Following a lengthy investigation into the Terra collapse, Terraform Labs and Do Kwon filed a motion to dismiss the SEC case, claiming that the probe didn't yield any result proving their misdeed.
In a filing with the U.S. District Court for the Southern District of New York, Coinbase blasted the Securities and Exchange Commission for what it claimed is a broad interpretation of a security when it comes to digital assets.
LBRY Inc. announced its official closure in a last community post on October 20, citing a court loss and “several million dollars in debts.”
