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The United States Securities and Exchange Commission has filed a lawsuit against crypto executive Donald Basile, accusing him of orchestrating a $16 million fraud scheme involving false claims about an “insured” cryptocurrency token called Bitcoin Latinum. According to a complaint filed Friday in the US District Court for the Eastern District of New York, Basile…
The United States Securities and Exchange Commission’s former top enforcement official clashed with agency leadership over handling cases involving individuals close to President Donald Trump before resigning last week, according to sources familiar with the matter. Margaret Ryan, the ex-director of the SEC’s Division of Enforcement, wanted to pursue fraud and other charges in cases…
Texas-based apparel company Beba and crypto advocacy organization DeFi Education Fund have voluntarily dismissed their 2024 lawsuit against the United States Securities and Exchange Commission, citing a changing regulatory approach to cryptocurrency airdrops under the agency’s new leadership. The lawsuit withdrawal, filed in the US District Court for the Western District of Texas on Friday,…
The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are pursuing a formal memorandum of understanding to combine their regulatory efforts on cryptocurrency, SEC Chairman Paul Atkins announced Tuesday. Atkins said the new MOU will establish combined meetings with regulated firms on product applications, rule interpretations, enforcement decisions and examinations. The framework…
US President Donald Trump’s media company has filed paperwork with the Securities and Exchange Commission to launch three new cryptocurrency exchange-traded funds, marking the latest expansion of the firm’s digital asset ventures. Trump Media & Technology Group announced Friday through its Truth Social Funds arm that it intends to create the Truth Social Bitcoin and…
Asset manager WisdomTree has officially withdrawn its S-1 registration statement for a spot XRP ETF, according to a filing on Tuesday. WisdomTree, a major player in the exchange-traded fund industry, had been competing to launch one of the first spot XRP ETFs in the United States. WisdomTree’s withdrawal marks a significant development in the ongoing…
The cryptocurrency market has been through fire. After Bitcoin’s spectacular collapse from $69,000 to under $16,000 in 2022, followed by spectacular bankruptcies and regulatory crackdowns, many investors wondered if the digital asset experiment was over. Now, with Bitcoin surpassing $90,000 in early 2026, that same question resurfaces, but with different implications. Is crypto a good…
A senior Coinbase executive is defending the slow progress of crypto-specific legislation in Congress, saying the complexities of digital asset regulation justify why the CLARITY Act hasn’t become law while simpler bills like the GENIUS Act sailed through. The comments come as the industry grows increasingly impatient with Washington’s glacial pace on crypto policy. The…
On yet another day, the SEC has announced yet another charge. In another case, the SEC has charged Consensys Software Inc. with the unregistered offer and sale of securities through its MetaMask Staking service and operating as an unregistered broker through both MetaMask Staking and MetaMask Swaps. The charges were announced on June 28, 2024….
Two US lawmakers, Representative French Hill (Republican) and Representative Chrissy Houlahan (Democrat), have visited Tigran Gambaryan, a Binance executive currently detained at the Kuje correctional center in Abuja, Nigeria. The visit was intended to show concern in the growing international concern over Gambaryan’s detention conditions and the Nigerian government’s stance on cryptocurrency operations. Tigran…
Thailand’s Securities and Exchange Commission (SEC) has given the green light for the country’s first spot Bitcoin exchange-traded fund (ETF), a move that underscores the nation’s progressive stance on digital assets. However, this financial instrument will be exclusively available to wealthy and institutional investors. The approval was announced recently, with the Thai SEC endorsing…
Sec Approves All Spot Ethereum ETFs In a long and arduous journey to global relevance, the long-awaited and anticipated Spot Ethereum ETF approval has finally been approved by the US Securities and Exchange Commission (SEC). This news comes as a light at the end of the tunnel as the battle for the ETH/ETF approval has…
A new update on the Ripple and SEC case, shows that Ripple wants to remove some expert materials the SEC used in the case. Ripple’s Motion to Strike and SEC’s Response Ripple said the SEC did not inform them enough about an expert witness named Andrea Fox. Ripple thinks this is not fair. Ripple…
BlackRock, Nasdaq, and SEC Continue Discussions Source: Cointelegraph In the latest development, financial giants BlackRock and Nasdaq, alongside the United States Securities and Exchange Commission (SEC), had their second meeting in December to talk about their application for a Bitcoin exchange-traded fund (ETF). As per an SEC memo, the three parties focused on the…
