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Robinhood Markets is preparing to fight the U.S. Securities and Exchange Commission (SEC) in court to defend its crypto business and establish “regulatory clarity in the United States for the benefit of our customers,” CEO Vlad Tenev said after his company received a Wells notice from the securities regulator. “The SEC’s continued attack on crypto, … Read more
Lawyers for the commission cited several examples of Do Kwon touting UST to U.S. investors and Terraform’s former communications head making false claims about the stablecoin. Go to Source
XRP price fell over 14% year-to-date pressured by Ripple’s ongoing legal battle with the SEC so a bounce is in order, analysis suggests. Go to Source
Former SEC official John Reed Stark has criticized the misuse of “regulation by enforcement” claims in a hearing before U.S. Congress. Go to Source
According to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission currently stands at just 7%. This forecast commenced in January with a 76% probability of approval but has since plummeted by 91% over the last three months. … Read more
Nigeria’s SEC is set to launch a new regulatory framework for crypto exchanges and custodians “in the coming days.” Go to Source
GBTC has recorded inflows for two consecutive days — bringing its total inflows to $66.9 million. Go to Source
Rostin Behnam said that “without a regulatory framework,” regulators would continue pursuing crypto firms to protect investors from potential fraud and manipulation. Go to Source
A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement Against Robinhood’s Crypto Ventures, Company Says It Is Cooperating The staff … Read more
The plaintiffs claim Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland (MANA), Algorand (ALGO), Uniswap (UNI), Tezos (XTZ), and Stellar Lumens (XLM) are securities. Go to Source