Articles filed under

SEC – Securities and Exchange Commission

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June 2021

Bitcoin ETFs start trading on Brazil, Dubai stock exchanges

QR Capital’s Bitcoin exchange-traded fund — the first Bitcoin ETF in Latin America — has been listed on Brazil’s stock exchange.

Court grants Ripple access to SEC’s internal trading policies on XRP

A judge has granted Ripple’s request to force the U.S. Securities and Exchange Commission to reveal its non-public policies regarding whether agency employees may buy and sell XRP and other cryptocurrencies, according to a screenshot of a new legal filing shared by the lawyer representing XRP holders. Fast facts: Earlier this month, Ripple sought the […]

U.S. SEC settles with Loci over unregistered securities offering

The U.S. SEC has settled charges against Loci and its CEO, John Wise, for allegedly making false statements in connection with a sale of digital asset securities.

U.S. securities watchdog’s regulatory agenda turns blind eye to crypto

Dashing hopes of greater regulatory clarity for the cryptocurrency industry, the U.S. Securities and Exchange Commission’s recently released annual regulatory agenda does not mention Bitcoin or cryptocurrency regulations.

Court denies SEC request for info on Ripple’s recent XRP transactions

A judge has denied the U.S. Securities and Exchange Commission’s request for documents related to Ripple’s XRP transactions and lobbying efforts that took place after the SEC filed its lawsuit last December, according to a new legal filing. Fast facts: “As discussed in the Court’s earlier Opinion and Order denying access to Ripple’s privileged communications, […]

Court gives Ripple execs go-ahead to obtain XRP info from 16 foreign exchanges

A judge overseeing discovery in the U.S. Securities and Exchanges Commission’s lawsuit against Ripple Labs has granted the SEC’s request to extend deadlines by 60 days as well as a request by co-defendants Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen to obtain information from 16 cryptocurrency exchanges outside the United States. Fast facts: […]

Ripple: Delaying SEC lawsuit would pose ‘existential threat’ to XRP

In a new court filing, Ripple describes the damage the SEC lawsuit has already done to XRP and the payment company’s now-frozen US business.

Ripple execs seek info to defend XRP trades from 16 foreign crypto exchanges

To defend themselves against SEC lawsuit, Ripple’s CEO and chairman ask court for help getting XRP info from a who’s who list of offshore crypto exchanges.

Is India’s central bank greenlighting crypto? Bitcoin fees fall to new lows. Cardano rolls out Alonzo upgrade for DeFi.

Other top blockchain and crypto news: Thailand’s SEC tries to rein in DeFi via regulation. Will China’s future DCEP digital yuan offer smart contracts?

May 2021

Are 73 SEC actions against crypto enough warning to Ripple about XRP?

SEC says Ripple had plenty of ‘notice’ that XRP transactions could be violating the law via its many enforcement actions against other crypto companies.

How Ripple found new ways to grow XRP business despite SEC lawsuit

Ripple’s CEO Brad Garlinghouse says Ripple was hit hard financially after SEC filed its lawsuit, but the company is now expanding uses for XRP’s technology.

U.S. SEC chair Gary Gensler says regulator will enforce crypto rules ‘aggressively and consistently’

U.S. SEC chair Gary Gensler says as technology and markets evolve, regulators should be ready to bring cases involving crypto.

Judge denies Ripple’s bid to bar SEC from seeking foreign info on XRP

In a win for the SEC, a judge knocks back Ripple’s request to stop the SEC from asking foreign regulators for info on Ripple and XRP transactions overseas.

XRP whale moves coins worth US$93M to unknown wallet, price dips

XRP’s price has slumped almost 7% in the past 24 hours after a so-called whale transferred US$93 million of the cryptocurrency to an unknown wallet on May 18, according to blockchain analytics platform WhaleAlert.

SEC and XRP holders face off anew over SEC’s lawsuit against Ripple

In a new court filing, SEC tries to keep out 6 representatives of 17,100 XRP holders from joining as 3rd party defendants in the SEC’s lawsuit against Ripple.

U.S. cryptocurrency scams soar tenfold since October, FTC says

American consumers have lost an estimated US$80 million in cryptocurrency investments since October 2020, according to new data from the Federal Trade Commission, which calculated that digital currency scams had jumped tenfold year on year.

Ripple seeks to protect legal advice on XRP from disclosure to SEC

Ripple rebuts SEC’s attempt to obtain Ripple’s confidential communications with lawyers over XRP’s legal status and seeks to bolster ‘fair notice’ defense.

SEC demands Ripple reveal legal advice Ripple received on XRP

In the latest volley in SEC v. Ripple Labs, the SEC contends that Ripple has waived its attorney-client privilege over legal advice on XRP’s status.

Ripple’s XRP sales increased over 90% in 1Q 2021

XRP sales by Ripple accounted for 0.07% of global XRP volume. Ripple says its sales were to support on-demand liquidity customers.

Court orders SEC to give Ripple internal documents on XRP, Bitcoin, Ether

Ripple scores another in legal wrangling over SEC lawsuit as SEC now must disclose its confidential internal communications over XRP, Bitcoin and Ethereum.

SEC tries to block XRP holders from joining SEC v. Ripple lawsuit

In new court filings, the SEC says allowing XRP holders’ to join SEC v. Ripple lawsuit as third-party defendant would cause delays and ‘sow chaos.’

XRP prices steady after court hearing, Ripple releases $1.6 billion XRP

XRP is up 600% since the start of the year and its holding steady as Ripple released one billion XRP over the weekend.

April 2021

Ripple demands SEC to stop obtaining info on XRP dealings abroad

Ripple asks court to stop SEC from using MOU requests to get info on XRP from overseas regulators and pushes for access to SEC’s internal communications.

SEC sought info on Ripple and XRP from 20 foreign entities, including trading platforms

SEC says info on Ripple and XRP transactions overseas is important to lawsuit. But of the nine foreign regulators the SEC asked, two refused to help.

SEC seeks to knock out Ripple defense, says no duty to warn over XRP

In a new legal filing, the SEC asks court to dismiss Ripple’s ‘lack of due process and fair notice’ defense that the XRP token could be deemed a security.

12,600 XRP holders demand their day in court in SEC v. Ripple lawsuit

XRP investors and users ask to join SEC’s lawsuit against Ripple as third-party defendant. ‘Without our intervention, we are without a voice in the debate.’

Why new SEC chief Gary Gensler may be Biden’s gift to crypto industry

Are digital assets securities or commodities? Outdated laws offer no clarity, but US is now poised to reform blockchain regulations and lead world by example.
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Ripple accuses SEC of ‘intimidation tactic’ in seeking XRP info overseas

Battlefield for SEC v. Ripple lawsuit goes global as defense lawyers seek to stop SEC from obtaining information on Ripple and XRP from foreign regulators.

Are Bitcoin ETFs ready to party? Line is growing at SEC’s gate.

Bitcoin’s soaring prices are attracting traditional investors who want in, but with an entourage rather than solo. When will the velvet ropes lift in US and Asia?

Ripple partners with Novatti to use XRP for remittances in Asia Pacific

Despite its legal troubles in the US, Ripple expands XRP’s uses in Southeast Asia’s lucrative and fast-growing international money transfer market.

How new SEC chair Gary Gensler can reshape the crypto industry’s future

The former MIT blockchain professor and CFTC chair now sits atop a key regulator over crypto. How might his leadership affect SEC v. Ripple, or Bitcoin ETFs?

What is Coinbase really worth? XRP rallies with Ripple’s wins over SEC. HSBC bans MicroStrategy over Bitcoin embrace.

Other top blockchain and crypto news: HSBC bans MicroStrategy over Bitcoin affair. Tokenized TSLA and Coinbase COIN now on several crypto exchanges.

Ripple executives file to dismiss SEC lawsuit as XRP prices soar

Tailwind of legal wins propel XRP’s market cap past US$70 billion as Ripple CEO and chairman ask court to drop SEC’s charges against them.

XRP price surges over 40% following another legal victory for Ripple

Court ruling favoring Ripple executives and slapping down SEC catapults XRP — now the world’s 4th most popular crypto — to its highest prices in 3 years.

Lawyer for 11,000 XRP holders pushing to fight SEC in Ripple lawsuit

As Ripple and SEC intensify their legal battles, attorney John Deaton and his clients are trying to jump into the fray. Will XRP investors get their day in court?

Ripple wins access to SEC’s internal documents on Bitcoin and Ether

In a ruling that can boost Ripple’s defense, judge says SEC must disclose discussions on whether XRP, Bitcoin and Ether are securities. Is a settlement now near?

SEC agrees to redact two documents in Ripple lawsuit as XRP prices surge

XRP prices soar after Ripple and the SEC agree to partially redact some of Ripple’s email exchanges — but not the CEO’s financial information

March 2021

XRP holders step closer to joining Ripple in fighting SEC lawsuit

In a new ruling, the judge presiding over SEC v. Ripple Labs opens the door to allowing XRP holders to intervene as a third party in the government’s lawsuit.

Ripple plans major Southeast Asia expansion by buying 40% of Tranglo

Despite its legal battles in the US over the XRP token, Ripple continues its push in Asia to grow its cross-border payments and money-transfer business.

SEC tries to block XRP holders’ bid to intervene in Ripple lawsuit

SEC tells court that allowing XRP holders to join as third parties would create an ‘avalanche’ of claims and ‘undue delay, complexity and confusion.’

Ripple recasts embattled XRP as a ‘bridge’ currency for CBDCs

As XRP holders step closer to intervening in SEC’s lawsuit against Ripple, the payment platform gears up to grow its CBDC business with a new white paper.

Judge denies XRP holders’ bid to intervene in SEC v. Ripple lawsuit

XRP holders’ motion to join as third-party defendant was denied without prejudice as Ripple tries to bolster its ‘fair notice’ defense against SEC.

XRP holders seek to join Ripple in fighting SEC lawsuit

In new legal filings, XRP holders blame SEC for causing ‘multi-billions in losses’ and say they intend to file a class-action lawsuit against the agency.

SEC: no duty to warn about XRP; denies Ripple’s fair notice defense

Intensifying its legal warfare against XRP, SEC takes aims at the heart of Ripple’s defense. But Ripple scores wins in Tetragon and YouTube lawsuits.

Ripple: SEC did not give fair notice that XRP violated law

In its latest court filing, Ripple also says SEC led market to believe that XRP was not an investment contract. Outside court, Ripple pursues the CBDC business.

Major crypto players Coinbase and CoinShares are going public

Despite recent bitcoin and ether price drops, crypto giants Coinbase and CoinShares are betting that investment in digital assets will continue to grow.

February 2021

Bitfinex, Tether banned in New York. No end yet to Ripple XRP’s SEC lawsuit woes. CBDC bridge for Asia and Middle East.

Other top blockchain and crypto news: Bill Gates on bitcoin. Nvidia protects gamers from crypto miners with separate CMP and GeForce RTX graphics cards.

No Ripple-SEC lawsuit settlement in sight as XRP prices tumble

Ripple and SEC face off in a pretrial conference as MoneyGram, the world’s second largest money transfer provider, suspends trading on Ripple’s platform.

Ripple co-founder Jed McCaleb unloaded $69 million worth of XRP in a week

Ripple co-founder Jed McCaleb has resumed selling his XRP holdings, dumping 130 million tokens over the last week, according to data from XRPscan.

XRP prices see ‘pump and dump’ as Ripple outlines legal defense strategy

In its response to SEC’s lawsuit, Ripple denies that XRP is a security, points out the clash with FinCEN and questions why SEC is not going after Ethereum.

As SEC goes after Ripple and Bitcoiin2Gen, is DeFi next in its line of fire?

Securities lawyers read the tea leaves of SEC’s lawsuits against Ripple XRP and Bitcoiin2Gen. Will DeFi be next for SEC enforcement actions or regulations?

January 2021

SEC Commissioner Hester Peirce is optimistic about crypto regulation in 2021

The SEC Commissioner doesn’t want the blockchain and cryptocurrency industry to obsess over regulations, but ‘think about how the technology can be used.’

MIT professor Gary Gensler is chosen to lead US SEC

President-elect Joe Biden has named the former CTFC chief to lead the SEC. What does this mean for Ripple and other crypto firms?

Big waves at SEC: Chief enforcer v. Ripple XRP is out. Is Gary Gensler new SEC chair? Elon Musk’s bitcoin flirtations.

Other top blockchain and cryptocurrency news: WhatsApp refugees swarm Signal. Bakkt to go public via SPAC. China tests out new DCEP digital yuan e-card.

SEC enforcer behind $1.3 billion Ripple lawsuit stepping down

Securities and Exchange Commission’s acting enforcement chief Marc Berger helped lead high-profile lawsuits against crypto firms, including Ripple and Telegram.

‘Crypto Mom’ Hester Peirce calls for more regulatory coordination

In an exclusive interview, the SEC Commissioner shares her thinking on digital assets, DeFi and wanting her agency to ‘do better’ in the crypto space.

SEC commissioner Hester Peirce says enforcement is never good way to provide clarity

In her first public remarks since the SEC’s lawsuit against Ripple and exclusive interview with Forkast.News Editor-in-Chief Angie Lau, SEC commissioner and “Crypto Mom” Hester Peirce says the SEC can do better on clarity and that enforcement isn’t always the best way to provide guidance

Bitcoin and ethereum prices roar into new year. Ripple XRP fans petition White House for mercy from SEC charges.

Other top blockchain and cryptocurrency news: China intensifies DCEP digital currency testing while Russia, Ukraine and Turkey join global CBDC race.

December 2020

SEC Plans to Sue Ripple for Securities Violations: Reports

In interviews, the Ripple CEO told Fortune and the Wall Street Journal that the SEC plans to sue the company in the near future for offering unlicensed securities.

November 2020

What are the SEC and OCC’s thoughts on digital asset regulations?

An all-star panel of top cryptocurrency policymakers and other blockchain experts explain the US regulatory system for digital assets and what lies ahead.

Ep. 38 | What Biden’s victory means for crypto. Bitcoin rides new wave. Ethereum 2.0 revs for launch.

Other top blockchain and cryptocurrency news: Will TRUMP crypto losers get second chance? Hong Kong to regulate cryptocurrency exchanges.

October 2020

TALES FROM THE CRYPT: 10 blockchain and Bitcoin horror stories for the ages

Just in time for Halloween, gather ’round for this blood-curdling crypto news flashback that will have you HODLing a blanket. Beware the death grip on Bitcoin wallets!

US regulators are finally lining up over digital assets

A recent flurry of US regulatory activity is helping legitimize the digital assets space. Here’s the latest on SEC, FINRA, CFTC and OCC’s new level of coordination.

Ep. 33 | BitMEX and John McAfee in legal hot water. Who is the cryptocurrency market betting on to be the next US president?

Other top news: Filecoin’s mainnet set to launch. Chinese banks help DCEP digital currency get market-ready. NetEase to preserve email forevermore.

Arthur Hayes of BitMEX not likely to leave Hong Kong anytime soon, but DeFi faces crossroads

BitMEX’s CEO, who faces money-laundering charges, may be the beneficiary of Hong Kong’s political turmoil and current lack of an extradition treaty with US government

September 2020

US bills could shake up cryptocurrency exchanges and ICO prosecutions

Proposed federal laws would upend SEC rules for digital tokens and give CFTC sweeping powers. Will it be enough to rein in crypto’s Wild West ways?

Ep. 31 | FinCEN files tie big banks to $2 trillion in crimes. Tezos tapped to explore CBDC for France.

More top news: Wounded Unikr settles with SEC for $6.1 million. China’s nationwide blockchain service network launches ‘public permissioned’ chain.

Esports gambling platform Unikrn settles with SEC for $6.1 million

SEC’s crackdown comes as more states permit online gambling, putting a further squeeze on the company once backed by celebrities like Ashton Kutcher.

August 2020

US authorities are taking aim at DeFi. Are crypto loans next?

DeFi crypto lending — a loosely regulated industry that grew by 700% last year — is catching investor attention. What do the IRS and SEC think?

Are US regulators finally warming to crypto and digital assets?

CFTC’s new plans for crypto regulations and OCC permitting banks to be crypto custodians could boost digital asset adoption. What’s next for FATF and SEC?

July 2020

Ep. 23 | Is Ethereum more popular than Bitcoin now? Crypto love comes to K-pop world. SEC-sanctioned crypto firms receive PPP funds.

Other top news: China’s BSN blockchain network expands global reach. US lets major banks act as crypto custodians. VC in India and Singapore.

Why did SEC-sanctioned crypto companies receive PPP funds for Covid relief?

The $660 billion Paycheck Protection Program — intended to help America’s small businesses survive the pandemic — also gave financial aid to crypto firms accused of fraud, a Forkast.News investigation found.
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