Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
SEC Chair Gary Gensler confirms that neither Bitcoin ($BTC) nor Ethereum ($ETH) have been classified as securities by the U.S. Securities and Exchange Commission (SEC), emphasizing the need for proper disclosure in the crypto market. #Update #Crypto $BTC (+3) →
Ripple CEO Brad Garlinghouse criticized outgoing SEC Chair Gary Gensler for his “regulation-by-enforcement” approach amid ongoing legal disputes, as the SEC prepares to file its appeal against Ripple’s recent court victory on January 15. #Update #Legal $XRP (-3) ↘
The US Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, alleging he violated securities laws by not disclosing his ownership of over 5% of @Twitter stock in early 2022. #Breaking #Legal (-9) ↘
SEC Chair Gary Gensler stated the agency has “never said” that $BTC and $ETH are securities, maintaining ambiguity over their classification ahead of his departure. This follows scrutiny and legal actions involving Ethereum-related entities. #Update #Legal $ETH (→ 0)
A federal court has mandated the U.S. Securities and Exchange Commission to justify its denial of @Coinbase’s rulemaking petition, marking a crucial development in cryptocurrency regulation disputes. #Breaking #Legal $COIN (+8) ↗
@circle and Bison Digital Assets partner to offer MiCA-compliant stablecoins, integrating $USDC and $EURC into BDA’s platform to enhance secure, regulated blockchain transactions in the EU. #Update #Crypto $USDC (+3) ↗
The United States Court of Appeals for the Third Circuit ruled in favor of @Coinbase, requiring the SEC to reconsider its denial of Coinbase’s petition for cryptocurrency-specific regulations, highlighting broader concerns about SEC’s enforcement strategy. #Update #Legal (+6) ↗
The US Court of Appeals for the Third Circuit granted @Coinbase a partial victory, criticizing the SEC’s lack of clear crypto rules and demanding better justification for its decisions. #Update #Legal (+7) ↗
The U.S. Court of Appeals for the Third Circuit has ordered the @SECGov to explain its refusal to create crypto regulations, marking a legal setback for the agency in its ongoing clash with @Coinbase. #Breaking #Legal $BTC (-8) ↘
The US Supreme Court has declined @Binance’s appeal in a lawsuit alleging illegal crypto asset sales, allowing investors to proceed with claims over unreported token risks. The decision underscores the exchange’s ongoing legal challenges in the US. #Breaking #Legal $BNB (-9) ↘
Rostin Behnam steps down from the US Commodity Futures Trading Commission, advocating for stricter regulations; Russia seizes $10 million in Bitcoin, while the International Monetary Fund advises Kenya on cryptocurrency rules. #Breaking #Legal $BTC (-9) ↘
Washington pastor Francier Obando Pinillo faces 26 fraud charges related to a crypto scheme he claimed came ‘in a dream,’ potentially leading to a 20-year prison sentence. #Breaking #Legal (+9) ↗
The government of El Salvador has partnered with @RumbleVideo for cloud computing services, including data storage and application integration, enhancing the country’s digital infrastructure. #Update #Tech (+2) ↗
@MangoMarkets, a Solana-based DEX, is closing after settling with the U.S. Securities and Exchange Commission (SEC) due to governance votes and legal issues from a 2022 exploit. #Breaking #Legal $SOL (-9) ↘
