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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has strongly opposed the crypto bill Financial Innovation and Technology for the 21st Century (FIT21) Act ahead of the House vote. He stressed that “many players in the crypto industry don’t play by the rules,” leading to “widespread fraud, bankruptcies, failures, and misconduct.” Gensler Strongly Opposes … Read more
Texas apparel company Beba and the Defi Education Fund (DEF) have announced a legal complaint against the U.S. SEC. They allege that the SEC has violated Administrative Procedure Act procedures by adopting an encompassing crypto policy without an official rulemaking process. Additionally, the plaintiffs seek to clarify that a token airdropped to its users does … Read more
A New York federal judge has ruled that the Securities and Exchange Commission (SEC) has “plausibly alleged” that Gemini and Genesis violated securities laws through the Gemini Earn program. Judge Edgardo Ramos Highlights Hurdles in Dismissing Injunction Claims Early; Cites Howey and Reves A federal court in New York has affirmed the plausibility of the … Read more
The SEC derided Binance’s request to have the regulator’s suit thrown out, claiming the crypto exchange hasn’t correctly applied the law. Go to Source
Coinbase says the SEC’s definition of an investment contract isn’t in line with U.S. securities laws. Go to Source
The United States Securities and Exchange Commission chief was asked whether the purchase of Pokemon trading cards is a security transaction and whether Bitcoin is a commodity. Go to Source
The SEC highlighted contradictory conclusions from similar cases, along with other pending decisions as some of the contentious legal issues. Go to Source
The crypto community has gathered to celebrate the recent ruling on XRP’s securities status, but lawyers warn there’s more to it than meets the eye. Go to Source Powered by WPeMatico
The court case between SEC and Ripple Labs has been ongoing for nearly two and a half years, but a summary judgment ruling could be made any day. Go to Source Powered by WPeMatico
The 2018 MIT professor Gary Gensler didn’t think most ICOs triggered U.S. securities laws. Go to Source Powered by WPeMatico
