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Texas regulators have issued an emergency cease-and-desist order against two individuals accused of promoting a fraudulent cryptocurrency investment scheme. The alleged scheme, tied to Trage Technologies, promised high returns on digital asset arbitrage trading but is accused of misleading investors. Authorities claim the company falsely asserted SEC registration and used illegal multilevel marketing tactics, posing … Read more
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
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
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 has disclosed plans to take its legal battle with the SEC to a higher court in the United States. Go to Source
Thailand’s high-net-worth investors will get more access to crypto funds than retail investors under the proposed changes. Go to Source
Options on Bitcoin ETFs could speed up adoption among financial advisers, James Seyffart said at Permissionless. Go to Source
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
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 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