Ripple CEO Brad Garlinghouse said the SEC decision to appeal was "misguided" and "infuriating," but not a surprise. "While we'll fight in court for as long as we need, let's be clear: XRP's status as a non-security is the law of the land today," Garlinghouse said in a pos...
Challenging the SEC’s actions, Armstrong asserted that the agency had attempted to enforce rules beyond its legal scope. He wrote: “I knew a few truths that helped make it an easy decision to fight them in court.” The executive stressed that the SEC had wrongly insisted Coinbase delist ...
Crypto Compliance, Anti-Financial Crime We work with enterprise decision-makers to achieve highest standards of compliance for integrating blockchain networks, DLT, cryptocurrencies, and related technologies with their existing legacy systems, practices and regulatory requirements. ...
The SEC also highlighted its new crypto task force, recently launched by Acting Chairman Mark T. Uyeda, which is focused on developing the agency’s regulatory framework for crypto assets. The Commission argues that the extension will enable it to formulate a more informed response while aiding i...
Shannon Ullman Managing Editor Managing editor working to make crypto easier to understand. Pairing editorial integrity with crypto curiosity for content that makes readers feel like they finally “get it.” Read More
The suit, brought by crypto law firm Hodl Law, wasintended as a preemptive move, given that the SEC has previously taken action against multiple crypto services, alleging they operated as unauthorized securities brokers. Hodl Law argued that since it trades ether on the Ethereum blockchain, the...
Here's a quick recap of the crypto landscape for Friday (April 11) as of 9:00 p.m. UTC. Bitcoin and Ethereum price update At the time of this writing, Bitcoin (BTC) was priced at US$83,823.99 and up 5.2 percent in 24 hours. The day's range has se
We’ve always said that there is a lack of regulatory clarity for crypto in the US, and the SEC here in the United States has sat back and watched for years. In fact, the discussion around why XRP is a currency (and not a security) is one we have been having with the SEC for ne...
Akin investment management partner Brian Daly is quoted by Financial Times in an article titled, “US securities regulator opens door for Wall Street banks to hold crypto.” The piece examines the Securities and Exchange Commission’s decision to reverse
The crypto community awaits confirmation of the dismissal of SEC's suit vs. Coinbase, while OpenSea and two others bask in victory over their legal woes.