Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
The SEC has sued @Consensys over MetaMask, while MiCA regulations launched in the EU. VanEck filed for the first-ever Solana ETF in the U.S., boosting $SOL by 8%. Deepfake scams rose 245% in 2024, causing $79.1B in losses. #CryptoNews
The SEC has delayed the launch of spot Ethereum ETFs, asking issuers to re-file S-1 forms by July 8. @GaryGensler confirmed approval expected ‘this summer.’ #Ethereum #CryptoNews
The @SECGov has returned S-1 forms to Ethereum-ETF issuers for revisions, delaying the potential launch until after July 8, 2024. This rigorous review aims to meet regulatory standards, potentially boosting institutional investment and mainstream adoption of $ETH. #CryptoNews
Ripple CTO David Schwartz supports @Consensys amid SEC lawsuit over unregistered securities sales through MetaMask. Schwartz argues MetaMask profits are independent of Consensys efforts, challenging SEC claims. Judge Amy Berman Jackson’s rulings impact ongoing cases. #CryptoNews
U.S. court upholds most SEC claims against Binance but dismisses charges on secondary $BNB sales and Simple Earn. Ex-CEO Changpeng Zhao serves a 4-month sentence for money laundering. Next hearing: July 9, 2024. #CryptoRegulation #Update
Ripple Labs faces a lawsuit over CEO Brad Garlinghouse’s seven-year-old comment on being “very, very long XRP.” The case, unfolding in California, adds to Ripple’s ongoing legal woes despite a New York ruling favoring XRP. #Update #CryptoNews
Ripple Labs faces regulatory challenges in the U.S., with ongoing disputes with the SEC, contrasting positive European developments. CEO Brad Garlinghouse criticizes U.S. crypto laws for stifling innovation, while welcoming the EU’s MiCA for its clarity. #CryptoNews
The SEC has sued @Consensys, claiming its MetaMask platform operates as an unregistered securities broker. The lawsuit alleges MetaMask facilitated over 36M crypto transactions, earning $250M in fees. Consensys argues the SEC is overreaching. #CryptoNews
Coinbase seeks CFTC approval to offer altcoin futures, including $SHIB and $AVA, by July 15. This move aims to diversify its offerings and attract institutional investors by ensuring a regulated environment. #CryptoNews
.@21Shares has filed a spot Solana ETF with the SEC, marking a key step as Wall Street buzzes with crypto interest. Experts like Wintermute CEO Evgeny Gaevoy say such ETFs might be delayed until next year due to low capital inflows. #Update
Hong Kong’s SFC flags three crypto firms—Tokencan, VBIT Exchange, and HKD.com Corporation—for alleged fraud and unlicensed operations. The SFC has alerted the police to block their websites and social media pages to protect investors. #CryptoRegulation
Investment firm @VanEck_US filed for a spot Solana ETF with the SEC, despite risks like concentrated $SOL ownership and network outages. Solana’s price surged to $150, reflecting market optimism. #CryptoNews
The U.S. Supreme Court rules that the SEC can no longer use in-house judges for administrative cases. This October 2023 decision stems from George Jarkesy Jr.’s case, impacting federal agencies and the financial sector, including the crypto market. #SCOTUS #Update
Tonight’s presidential debate between @JoeBiden and @realDonaldTrump may shape future U.S. crypto regulation. With growing interest in $BTC and $ETH, both candidates must present clear strategies. Moe Vela highlights potential impacts on the sector. #CryptoRegulation
