The U.S Securities and Exchange Commission – DIGIT INFO

US Courts Have Serially Rejected Crypto Industry’s ‘Decade’s Worth of Arguments’ – SEC Director

DIGIT — Thu, 04 Apr 2024 08:24:02 +0000

Over the past decade, the U.S. Securities and Exchange Commission (SEC) has contended with “significant non-compliance” and “creative attempts” by cryptocurrency market participants to avoid its jurisdiction. According to the SEC’s enforcement director, the commission has regularly prevailed in its numerous court cases against these participants. A ‘Decade’s Worth of Arguments’ In the past decade, […]

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Digital Assets Under Management 5.25% Higher in February — Grayscale Still ‘Most Dominant Player’

DIGIT — Sat, 04 Mar 2023 08:30:41 +0000

The value of digital assets under management (AUM) for digital asset investment products in February rose to $28.3 billion, the highest number recorded since May 2022, according to Cryptocompare stats. The increase came against the background of rising U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto industry players. Bitcoin and ethereum continue to […]

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‘Being a Currency and a Security Are Not Contradictory,’ Crypto Can Be Both: Monetary Historian

DIGIT — Thu, 13 Jan 2022 09:30:19 +0000

Franklin Noll, an academic and monetary historian, has asserted that crypto can be both a security and a currency. Pointing to the history of U.S. money, Noll argues that being both a currency and a security is, in fact, not contradictory. The ‘Infamous’ Continental Dollar Coins Franklin Noll, a U.S.-based monetary historian, has asserted that […]

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SEC vs. Ripple: US Judge Orders Both Parties from the XRP Lawsuit to Hold a Discovery Conference

DIGIT — Fri, 26 Mar 2021 20:30:48 +0000

In a fresh twist to the Securities and Exchange Commission (SEC)’s fight against Ripple Labs, US judge Sarah Netburn has directed both parties to hold “a telephonic discovery conference on Tuesday, April 6, 2021.” The judge’s order directs the parties to discuss a motion to compel filed by Ripple’s lawyers. Motion to Compel On March […]

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Ripple to Dispose Stake in Moneygram Shortly After Announcing End of a Business Relationship

DIGIT — Sun, 14 Mar 2021 10:00:57 +0000

Just a few days after announcing the end of its partnership with Moneygram, the fintech firm Ripple Labs is now moving to dispose of its stake in the listed company. In a filing with the U.S. Securities and Exchange Commission (SEC), Ripple says it has entered into an agreement with Jefferies in which the latter […]

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Telegram Forces US Investors to Take 72% Refund and Exit Gram Token Project

DIGIT — Tue, 05 May 2020 13:15:54 +0000

Telegram is now forcing U.S investors to immediately exit its TON blockchain project by accepting a 72% refund on their original investment. The encrypted messaging platform’s unexpected volte-face also disqualifies American investors from the loan option, which promised a 110% refund either in Gram token or in any other cryptocurrency. According to a letter sent […]

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