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sec lawsuit – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Wed, 25 Dec 2024 09:03:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png sec lawsuit – DIGIT INFO https://www.digit.info 32 32 Montenegro court rejects Do Kwon’s extradition appeal https://www.digit.info/montenegro-court-rejects-do-kwons-extradition-appeal/ Wed, 25 Dec 2024 09:03:10 +0000 https://www.digit.info/montenegro-court-rejects-do-kwons-extradition-appeal/

Montenegro’s Constitutional Court rejects Do Kwon’s appeal, reinforcing his extradition amid dual US and Korea claims.

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Judge denies appeal from promotor accused in $18M crypto fraud case https://www.digit.info/judge-denies-appeal-from-promotor-accused-in-18m-crypto-fraud-case/ Wed, 27 Nov 2024 06:11:34 +0000 https://www.digit.info/judge-denies-appeal-from-promotor-accused-in-18m-crypto-fraud-case/

Kristoffer Krohn unsuccessfully argued in his appeal that the SEC had not established that the Green Boxes were securities offerings or investment contracts in its complaint.

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18 US states file lawsuit against SEC and Gary Gensler https://www.digit.info/18-us-states-file-lawsuit-against-sec-and-gary-gensler/ Thu, 14 Nov 2024 20:21:33 +0000 https://www.digit.info/18-us-states-file-lawsuit-against-sec-and-gary-gensler/

President-elect Trump has vowed to fire SEC Chairman Gary Gensler and replace him with a more crypto-friendly SEC head. 

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SEC’s Crypto Regulation Labeled a ‘Disaster’ by Commissioner https://www.digit.info/secs-crypto-regulation-labeled-a-disaster-by-commissioner/ Sat, 12 Oct 2024 12:01:20 +0000 https://www.digit.info/secs-crypto-regulation-labeled-a-disaster-by-commissioner/ Read more]]> SEC's Crypto Regulation Labeled a 'Disaster' by CommissionerA U.S. Securities and Exchange Commission (SEC) commissioner has called the agency’s approach to cryptocurrency regulation a “disaster,” highlighting the SEC’s reliance on enforcement without clear guidance. He criticized the lack of regulatory clarity, which has led to conflicting court rulings, and emphasized the need for clearer distinctions on what falls under securities law. SEC’s […]

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SEC’s Authority Over XRP Futures Challenged in Bitnomial Lawsuit https://www.digit.info/secs-authority-over-xrp-futures-challenged-in-bitnomial-lawsuit/ Sat, 12 Oct 2024 01:46:20 +0000 https://www.digit.info/secs-authority-over-xrp-futures-challenged-in-bitnomial-lawsuit/ Read more]]> SEC's Authority Over XRP Futures Challenged in Bitnomial LawsuitCrypto derivatives exchange Bitnomial is suing the U.S. Securities and Exchange Commission (SEC) over its authority to regulate XRP futures, challenging the classification of XRP as a security. The exchange, overseen by the Commodity Futures Trading Commission (CFTC), contests the SEC’s claim that XRP futures are “security futures” and aims to set a precedent affecting […]

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SEC Hits Market Makers With Fraud Charges for Misleading Crypto Investors https://www.digit.info/sec-hits-market-makers-with-fraud-charges-for-misleading-crypto-investors/ Sat, 12 Oct 2024 00:31:20 +0000 https://www.digit.info/sec-hits-market-makers-with-fraud-charges-for-misleading-crypto-investors/ Read more]]> SEC Hits Market Makers With Fraud Charges for Misleading Crypto InvestorsThe U.S. Securities and Exchange Commission (SEC) has charged multiple market makers and individuals with manipulating crypto asset markets, alleging they created fake trading activity to mislead retail investors. These schemes, including practices like wash trading, aimed to fabricate the illusion of active trading, violating securities laws. The SEC seeks penalties, including bans and disgorgement, […]

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SEC sues Cumberland DRW for unregistered crypto dealer activities https://www.digit.info/sec-sues-cumberland-drw-for-unregistered-crypto-dealer-activities/ Thu, 10 Oct 2024 20:31:23 +0000 https://www.digit.info/sec-sues-cumberland-drw-for-unregistered-crypto-dealer-activities/

Cumberland allegedly had $2 billion worth of unregistered crypto dealing since 2018.

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US DOJ, SEC back suit against Nvidia, EU drafting AI ‘Code of Practice’ — Law Decoded https://www.digit.info/us-doj-sec-back-suit-against-nvidia-eu-drafting-ai-code-of-practice-law-decoded/ Mon, 07 Oct 2024 19:01:00 +0000 https://www.digit.info/us-doj-sec-back-suit-against-nvidia-eu-drafting-ai-code-of-practice-law-decoded/

Nvidia faces renewed scrutiny over alleged misrepresentation in crypto mining-related sales, with the US DOJ and SEC backing the case.

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Coinbase urges court to reconsider appeal, cites SEC vs Ripple https://www.digit.info/coinbase-urges-court-to-reconsider-appeal-cites-sec-vs-ripple/ Sat, 05 Oct 2024 18:28:23 +0000 https://www.digit.info/coinbase-urges-court-to-reconsider-appeal-cites-sec-vs-ripple/

The Securities and Exchange Commission (SEC) sued Coinbase in June 2023 and accused the company of selling unregistered securities.

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SEC scores partial win against blockchain firm Opporty over $600K ICO https://www.digit.info/sec-scores-partial-win-against-blockchain-firm-opporty-over-600k-ico/ Fri, 27 Sep 2024 02:16:46 +0000 https://www.digit.info/sec-scores-partial-win-against-blockchain-firm-opporty-over-600k-ico/

A federal judge partially sided with the SEC, finding that Opporty and its founder, Sergii Grybniak, offered “unregistered securities” in their 2018 ICO.

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