Bitnomial sues SEC over claim that XRP is a security
The XRP token is already regulated as a commodity and the SEC “duplicates and compounds the regulatory burden” by saying it’s a security, Bitnomial said in a lawsuit. Go to Source
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SEC Commissioner Mark Uyeda slams agency’s crypto policy as a ‘disaster’
The SEC’s Mark Uyeda says the regulator’s approach to crypto has been “the wrong one,” and it needs to provide clear guidelines before launching enforcement actions. Go to Source
SEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings
The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register, raising concerns over investor protection. The charges seek injunctive relief and … Read more
Ripple Labs escalates dispute with SEC, files notice of cross-appeal
Ripple has disclosed plans to take its legal battle with the SEC to a higher court in the United States. Go to Source
Thai SEC floats allowing crypto products in mutual, private funds
Thailand’s high-net-worth investors will get more access to crypto funds than retail investors under the proposed changes. Go to Source
Bitcoin ETF options expected by Q1 2025: Bloomberg analyst
Options on Bitcoin ETFs could speed up adoption among financial advisers, James Seyffart said at Permissionless. Go to Source
Cathie Wood’s ARK Invest dumps $36M of Robinhood stock
ARK’s $36 million Robinhood sale came amid the stock price surging more than 100% year-to-date and posting multiyear highs. Go to Source
XRP Army Launches Petition Against SEC Appeal in Ripple Case
The XRP Army is ramping up efforts to push back against the U.S. Securities and Exchange Commission (SEC)’s appeal in the Ripple lawsuit, calling it unnecessary and damaging to the cryptocurrency market. XRP supporters claim that the SEC’s actions create instability in the crypto sector, directly contradicting the agency’s mission. XRP Army’s Petition Calls for … Read more
Canary Capital Files SEC Registration for XRP ETF
Canary Capital Group LLC has officially submitted a registration with the U.S. Securities and Exchange Commission (SEC) for its proposed Canary XRP ETF, aimed at providing investors with exposure to XRP. The exchange-traded fund (ETF) is designed to give investors an option other than directly holding XRP, making access easier through traditional brokerage platforms. Canary … Read more
Crypto.com sues SEC to ‘protect the future of crypto’ in US
Crypto.com’s lawsuit against the US SEC follows the exchange’s receipt of a Wells notice from the agency. Go to Source
