Instead of repealing SAB 121, or working with Congress or banking regulators to amend it, the SEC has essentially decided to approve individual firms on an ad hoc basis.
The reversal comes after Galaxy had initially won a dismissal of the lawsuit in June 2023 in a lower court.
Between Elizabeth Warrens “anti-crypto army” and the SECs Gary Gensler’s regulation-by-enforcement, the crypto community is slowly being pushed farther and farther into the arms of Trump and the Republican party.
This marks a big improvement from previous estimates in October, which predicted only a 90% payout. But still, not everyone is stoked.
Robinhood’s (HOOD) digital assets arm, Robinhood Crypto, announced that it received a Wells Notice from the SEC.
The recent events represent a serious warning to those operating outside the great sphere of surveillance.
The SEC issued a Wells Notice to Uniswap Labs, signaling an upcoming lawsuit likely over securities violations.
While Galaxy shares are up more than 200% over the last year, its obvious to anyone paying attention to the stock that the company isn’t getting the same love from retail as companies like Coinbase (COIN) or Microstrategy (MSTR).
One of the most disgusting aspects of the American government (and there are many) is the revolving door between regulators and the regulated.
While it's the first major US crypto sale this year, onlookers say it's a drop in the bucket compared to recent Grayscale ETF outflows.
The level of irony in all of it is nothing short of remarkable.
2024 is shaping up to be the biggest crypto election season yet, with both sides flexing their muscles as of late.
CZ agreed to step down as Binance's CEO and to pay fines totaling $4.3 billion – marking the 7th largest financial compliance fine in history and the largest fine ever levied by the Justice Department on a single corporate entity.
The SEC is having a world of trouble hiring crypto experts... largely because of an outdated rule that requires employees to sell all of their crypto.
A pattern is emerging: Support for Gensler within Congressional ranks is drastically waning
It just became much easier for corporations to add bitcoin (and other crypto assets) to their balance sheets without scaring off investors or accountants.
The real question in our eyes is how many grains of salt should we take with this...
Let’s just go ahead and say that this ETF does get approved. If so, what would actually happen?
While all eyes were on Ripple last week (and for good reason), there was plenty of other news surrounding Coinbase that got lost underneath the headlines.
Ripple Labs argued that XRP is not a security. And, surprise surprise, U.S. District Judge Analisa Torres agrees.
There is no real good reason why Prime Trust should be going under. That is, unless there was gross incompetency...
Thanks to obtained 2021 documents by the New York Attorney General’s Office, we finally gain some insight into Tether's activities.
The combination of "sufficient decentralization" and "morphing" opens the door to a new legal argument in defense of cryptocurrencies against the SEC
Understandably, many of you are concerned about what this means for our beloved digital money. Whether it was hacks, blowups, or a natural boom and bust cycle, the crypto industry has weathered many-a-storm.
Unfortunately, there is no easy fix for regulation, as most bills aren’t very good and don’t gain much traction. But that doesn’t mean some members of Congress aren’t still trying.
