SEC v Ripple: Regulator drops charges vs founders but case will proceed
The next step in the SEC v Ripple case is to see what Ripple ends up paying for its sales of XRP and if the SEC decides to appeal the earlier ruling.
Latest securities News
50 state regulators tell court to throw the book at Coinbase
The regulators have filed an amicus brief supporting the U.S. securities regulator’s case against Coinbase, accusing it of attempting to "narrow and misapply" established legal framework to avoid regulatory obligations."
SEC urges court to deny Coinbase summary judgment
The Securities and Exchange Commission argued that assets listed on Coinbase exchange clearly amount to securities under U.S. law.
Stoner Cats NFT celebrity backers charged with unregistered securities sale
The team behind the animated series ‘Stoner Cats,’ whose cast includes Mila Kunis, Ashton Kutcher and Vitalik Buterin, has been charged with the sale of unregistered securities over its Stoner Cats NFT.
SEC’s Gary Gensler gets praise and criticism at Senate Banking Committee hearing
A recent hearing at the Senate Banking Committee saw Gary Gensler grilled on the SEC's track record, highlighting contrasting attitudes toward the work of the securities regulator and its Chair.
Impact Theory charged over $30M ICO in SEC’s first-ever NFT securities lawsuit
The NFTs that the Los Angeles-based entertainment firm sold in 2021 were securities as the investors expected profits from the actions of the company’s founders, according to the U.S. securities regulator.
This amicus brief for Coinbase is so wrong
In this article, ZeMing Gao looks into the amicus brief for Coinbase, why speculation drives regulators to enact securities laws, and how an asset is classified as a security.
Is Bitcoin (BSV) a Security?
The memo sets the starting point for considering whether Bitcoin is a security: it highlights a speech given by SEC Chairman Jay Clayton in 2018 where he said that Bitcoin does not qualify as a security because it functions as a replacement for currency.
Coinbase asks judge to dismiss its SEC lawsuit
Coinbase's Aug. 4 motion with the U.S. District Court for the Southern District of New York argued that the subject matter of the SEC's complaint "falls outside the agency's delegated authority."
Indonesia’s national digital currency exchange aims to protect investors
Indonesia's Bappebti also rolled out its clearing house and a depository for digital assets to accompany the national exchange, a move designed to protect the growing number of digital currency investors from industry-related risks.
Judge in SEC v Ripple was wrong to say secondary sales aren’t securities, court rules
The federal judge in charge of looking at the SEC v Ripple case dismissed the prospect that secondary market and programmatic sales could amount to securities.
Crypto exchanges convert ‘crypto’ assets into unregistered security offerings
While speculation remains rampant in the 'crypto' industry, not all digital assets traded on exchanges are shams, but this could only be proven through their utility.