securities laws – DIGIT INFO

SEC’s Crypto Regulation Labeled a ‘Disaster’ by Commissioner

DIGIT — Sat, 12 Oct 2024 12:01:20 +0000

A 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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Digital Chamber urges US crypto users to support new NFT bill

DIGIT — Tue, 17 Sep 2024 10:49:53 +0000

Crypto advocates urged Americans to help the industry flourish without “misapplied” securities regulations.

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Ripple Hails Victory as Judge Cuts SEC’s Penalty Request by 94% in Final Judgment of XRP Case

DIGIT — Wed, 07 Aug 2024 22:05:41 +0000

District Judge Analisa Torres has cut the penalty requested by the U.S. Securities and Exchange Commission (SEC) in the case against Ripple Labs over XRP by 94%. The court partially granted the SEC’s motion for remedies against Ripple, imposing a $125 million civil penalty. “This is a victory for Ripple, the industry, and the rule […]

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Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye: Lawyers

DIGIT — Mon, 08 Jul 2024 02:51:46 +0000

Celebrities who have brazenly shilled their own memecoins on X in recent months run a high risk of attracting the attention of the SEC and class action lawyers.

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Dapper Labs’ $4M settlement reaffirms NBA NFTs aren’t securities: CEO

DIGIT — Tue, 04 Jun 2024 05:05:52 +0000

Dapper Labs has entered a $4 million agreement to settle an investor lawsuit that claimed it sold NBA Top Shot Moments NFTs as unregistered securities.

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SEC wins case against YouTuber Ian Balina for unregistered crypto ICO promo

DIGIT — Fri, 24 May 2024 06:53:27 +0000

A U.S. federal judge sided with the SEC, finding that Ian Balina broke securities laws by participating in a 2018 crypto token ICO.

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SEC Rejects Coinbase’s Call for New Crypto Regulations

DIGIT — Mon, 13 May 2024 14:15:10 +0000

In a recent legal filing, the U.S. Securities and Exchange Commission (SEC) pushed back against Coinbase’s demands for a completely revamped regulatory framework for cryptocurrencies. The agency argued that existing rules are adequate and that it’s not required to create new regulations from scratch as Coinbase suggests. SEC Clings to Century-Old Rules in Response to […]

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Elon Musk hits at SEC, DOJ amid suit to force testimony in Twitter probe

DIGIT — Fri, 06 Oct 2023 00:21:36 +0000

Elon Musk claims the SEC and DOJ are abusing their regulatory powers for personal and political gain to receive punitive action.

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SEC asks judge to reject Coinbase’s motion to dismiss lawsuit

DIGIT — Wed, 04 Oct 2023 01:38:10 +0000

The regulator has asked a federal judge to deny Coinbase’s motion to dismiss its lawsuit, claiming the exchange knew the cryptocurrencies it sold were securities under the Howey test.

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Bitcoin ETF would be the ‘seal of approval’ from SEC: Mike Novogratz

DIGIT — Thu, 13 Jul 2023 01:31:00 +0000

The Galaxy Digital founder believes approval of a spot Bitcoin ETF would essentially be a United States regulator and government nod for Bitcoin.

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