Court Denies US SEC Disgorgement Powers In Govil Verdict: Ripple CLO |

Cemtrex, Crypto News, Govil, ripple, Ripple CLO, SEC, Securities and Exchange Commission, Stuart Alderoty

In a noteworthy shift in the financial regulatory legal field, Ripple Chief Legal Officer (CLO) Stuart Alderoty has announced a crucial ruling by the Second Circuit Court of Appeals regarding the United States Securities and Exchange Commission (SEC) and Govil case. Particularly, this decision concerns the power of the regulatory watchdog to request disgorgement, an […]

XRP Has Legal Clarity No Matter What: Lawyer Clears Up FUD

Bill Morgan, ripple, ripple news, Ripple vs SEC, SEC, XRP, XRP news, XRP price

In an effort to dispel fears, uncertainties, and doubts (FUD) that have permeated the XRP community and the broader crypto market, lawyer Bill Morgan, recently provided comprehensive insights into the legal standing of XRP. Morgan’s comments came in the wake of various court decisions that have cast a shadow over the crypto industry, with significant […]

Red Flag For EToro? Philippines Investigates Possible Securities Violation

Crypto, eToro, News, SEC, Securities

Philippine investors are being warned by the Securities and Exchange Commission (SEC) about the dangers of using unregistered online investment platforms. The latest target is eToro, a popular multinational online crypto trading platform with over 33 million users worldwide. eToro Not Registered In The Philippines According to the SEC, eToro is not registered as a […]

US Jury Declares Do Kwon, Terraform Labs Liable For Fraud In SEC Trial

Do Kwon, LUNA, SEC, Terra, Terra blockchain, Terra Classic, Terraform

According to a Friday report by Bloomberg, a  United States jury found Terraform Labs and its co-founder Do Kwon liable for civil fraud over the crash of the Terra ecosystem in 2022. This development comes as Do Kwon continues to battle criminal cases in the US and South Korea over the sudden collapse of the […]

Ethereum Insider Teases ‘Earth-Shattering’ Reveal Tomorrow

Crypto News, Ethereum, Ethereum fraud, Ethereum insider, ethereum news, Ethereum whistleblower, Joe Lubin, SEC, Steven Nerayoff, US Securities and Exchange Commission, vitalik buterin

Steven Nerayoff, a former advisor to Ethereum and now better known als “ETH insider or whistleblower”, has taken to X (formerly Twitter) to announce that the long wait for his potentially massive revelations is finally over tomorrow. Nerayoff, who has been at the center of various controversies and legal battles, made a dramatic statement on […]

Binance Clamps Down: A New Strategy To Exclude US Traders Unveiled

Altcoin, Binance, BNB, bnbusdt, Crypto, crypto exchange, SEC

A recent report from Bloomberg has shed light on Binance’s latest efforts to refine its client base. It enhanced the screening process for prime brokerage clients to exclude US-based investors from its platform. This move comes amidst increasing regulatory demands and the exchange’s endeavors to fortify its compliance framework. Binance Intensifies Screening To Exclude US […]

CFTC’s Approach In KuCoin Case May Undermine SEC’s Authority, Commissioner Warns

btc, BTCUSDT, CFTC, Crypto regulation, Crypto Regulations, crypto space, DRIVING, SEC

Following a recent lawsuit against prominent crypto exchange KuCoin, Caroline D. Pharm, a Commissioner at the Commodity Futures Trading Commission (CFTC) has warned that the agency may be infringing on the Securities and Exchange Commission’s authority in regards to securities trading. This development comes as both financial regulators continue the tussle over the control of […]

House GOP Pressures SEC To Clarify Ethereum’s Security Designation For Prometheum’s Custody |

Crypto, Crypto News, Crypto regulation, Crypto Regulations, cryptocurrencies, Cryptocurrency, DeFi, digital currency, ETH, Ethereum, ethusd, ETHUSDT, SEC, US crypto regulation

In a joint effort, Republican lawmakers led by House Financial Services Committee Chair Patrick McHenry and House Agriculture Committee Chair Glenn Thompson have called upon Securities and Exchange Commission (SEC) Chair Gary Gensler to provide further clarification on the agency’s stance regarding the custody of Ethereum (ETH) by Prometheum.  The lawmakers, including Representatives French Hill, […]

Pro-XRP Lawyer: Ripple-SEC Settlement Odds At 40% Post-Ruling

Fred Rispoli, Pro-XRP lawyer, ripple, ripple labs, ripple news, SEC, US Securities and Exchange Commission, XRP, XRP news

In an escalation of the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), the regulatory agency has advanced its position by filing a Motion for Remedies and Entry of Final Judgment, which notably includes a request for a $2 billion penalty against Ripple. Fred Rispoli, a pro-XRP lawyer and […]

SEC Chair Gary Gensler Says Crypto Industry Needs ‘Disinfectant’ – Here’s Why

Altcoin, Crypto, Gary Gensler, News, SEC

In a passionate address to Columbia Law School, Gary Gensler, the Chair of the United States Securities and Exchange Commission (SEC), delivered a scathing critique of crypto industry participants who evade registration requirements. Promoting Transparency in Cryptocurrency Gensler’s speech focused on the need for transparency and mandatory disclosure in the cryptocurrency markets, drawing on the […]

Do Kwon To Be Released From Prison But Remanded To Montenegro – Details

Do Kwon, Montenegro, SEC, South Korea, Terra, Terra ecosystem, Terraform

Terraform Labs co-founder Do Kwon is now set to be released from prison in Montenegro; however, the South Korean will remain restricted to the borders of the European nation pending a fixed date for his extradition to his home country.  Do Kwon Serves Time In Montenegro, Awaits Extradition Decision In March 2023, Do Kwon, alongside […]

Nigeria SEC To Hike VASP Registration Fees Under New Regime – Details

Binance, Crypto regulation, Nigeria, SEC, VASPs

Nigeria’s Securities and Exchange Commission has proposed to raise the registration fees for virtual asset service providers (VASP) seeking an operational license. This development is accompanied by other changes in the regulations governing the key aspects of the crypto industry in the West African country. VASP Registration Fees In Nigeria To Rise By 400% On […]