Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
Pro-XRP lawyer John E. Deaton calls for an end to the “crypto wars” waged by the U.S. Securities and Exchange Commission (SEC), highlighting the financial strain on companies like @Ripple despite no fraud allegations. #Update #Legal $XRP (-5) ↘
Senator Tim Scott is leading efforts to regulate cryptocurrencies, focusing on clear rules for digital assets to enhance innovation, consumer protection, and U.S. competitiveness, as announced by the U.S. Senate Committee on Banking, Housing, and Urban Affairs. #Update #Crypto (+5) ↗
Several financial giants, including @Tidal and VanEck, are filing for crypto-related ETFs as they anticipate the departure of Gary Gensler from the U.S. Securities and Exchange Commission. #Update #ETF (+3) →
@Tether relocates its headquarters to El Salvador, @rumblevideo secures a cloud deal with the Salvadoran government, and @nubank expands its USDC rewards program to all Latam customers. #Update #Crypto $USDC (+3) ↗
The SEC has filed a lawsuit against @NovaLabs for allegedly offering unregistered crypto securities, just days before SEC Chair Gary Gensler is set to step down. This action underscores ongoing regulatory scrutiny in the crypto sector. #Breaking #Legal (-9) ↘
Blockchain entrepreneur Michael Lewellen sues U.S. Attorney General Merrick Garland, seeking assurance that the DOJ won’t prosecute his crypto project Pharos under money transmitting laws, amid ongoing legal actions against developers like Roman Storm and Keonne Rodriguez. #Update #Legal (+6) ↗
The SEC has charged @DCGco and former Genesis CEO Michael Moro with misleading investors about the impact of Three Arrows Capital’s collapse, resulting in a $38.5 million settlement without admitting guilt. #Breaking #Legal @DCGco (-9) ↘
The Securities and Exchange Commission (SEC) has extended the review period for @BitwiseInvest’s 10 Crypto Index ETF application to March 3, 2025, to ensure a thorough assessment of its implications. #Update #ETF $BITW (→ 0)
The US Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, alleging he failed to disclose his purchase of over 5% of Twitter shares before acquiring the platform, leading to economic harm for investors. #Breaking #Legal @SECGov (-9) ↘
An expert in applied cryptography, Nanak Nihal Singh Khalsa of @Holonym, highlights zero-knowledge proofs as a promising solution for balancing privacy and regulatory compliance in blockchain technology. #Update #Crypto (+3) ↗
The SEC has charged @DCGco and Genesis executives, including former CEO Soichiro Moro, for misleading investors about financial stability post-3AC collapse. DCG agreed to a $38 million fine, marking significant legal repercussions. #Breaking #Legal (-9) ↘
@DCGco and former Genesis CEO Michael Moro will pay $38.5M to settle SEC fraud charges related to misleading claims after Three Arrows Capital’s collapse. DCG faces a $30M fine, Moro $500K; both agreed to cease-and-desist orders. #Breaking #Legal (+9) ↗
Gary Gensler is set to announce his resignation as SEC Chair, with some officials planning to step down before Donald Trump’s inauguration, marking significant leadership changes within the U.S. Securities and Exchange Commission. #Breaking #Legal SEC (-8) ↘
@DCGco will pay $38 million to settle SEC charges over its bankrupt Genesis Global Capital lending unit, accused of misleading investors about its financial health following Three Arrows Capital’s collapse. Former CEO Soichiro Moro also settles for $500,000. #Breaking #Legal (-9) ↘
