SEC accuses @Ripple of repeating past violations in their ODL service, with potential $2B fines looming. Court’s uncertain on regulation breaches. XRP price drops amid legal battles. Ruling expected by August. $XRP #Update
.@Gemini agrees to a $50M settlement over fraud claims related to its Gemini Earn program, affecting over 230,000 users. The deal includes restitution and a permanent ban on crypto lending in NY. #CryptoNews #Update
President Biden has renominated Democrat Caroline Crenshaw as SEC Commissioner, sparking backlash from the crypto community due to her anti-crypto stance and vote against spot Bitcoin ETFs. Critics highlight tensions between Biden’s policies and crypto supporters. #CryptoNews
New York District Judge Jed Rakoff approves a $4.47B settlement where Terraform Labs will pay the SEC, marking the largest corporate fine ever. Former CEO Do Kwon to reimburse $204M. #Crypto #Regulation
The European Banking Authority finalizes the MiCA crypto framework, requiring issuers of ARTs and EMTs to meet strict liquidity and recovery standards. This boosts EUR-stablecoin use. #CryptoRegulation
The Ripple vs SEC lawsuit nears final judgment, with a possible appeal by the SEC on XRP programmatic sales. Lawyers predict no settlement before judgment. #Ripple #SECUpdates
Coinbase CLO Paul Grewal criticizes SEC’s $4.47B settlement with Do Kwon & Terraform Labs, highlighting inadequate investor compensation. #Crypto #Regulation
Terraform Labs settles with the SEC for $4.47B over the collapse of $LUNC and $UST. Awaiting judge’s approval, this could be one of the largest crypto settlements. #CryptoNews
Elon Musk has withdrawn his lawsuit against @OpenAI and CEO Sam Altman, citing efforts to enforce open-source principles. This move impacts investor sentiment and AI ethics. #AI #Ethics
Kalypso partners with Symbiotic to enhance security in decentralized ZKP networks using Ethereum restaking. Transactions are settled on Arbitrum Nova for high throughput. #Crypto #Blockchain
Manhattan Supreme Court dismisses $80M lawsuit against @chainalysis. Plaintiff Blake Ratliff’s claims on stock options were deemed too late and unsupported by written agreements. #LegalUpdate #BlockchainNews
This week, the SEC will give feedback on Ethereum ETF S-1 filings, crucial for $ETH investment products. Industry players await clarity amidst mixed signals from SEC Chair Gary Gensler. #CryptoNews
Ethereum ETF providers await SEC feedback by June 14 after updated applications. Partial approval sparks market potential, with experts predicting significant capital influx. #Ethereum #CryptoNews
The SEC has fast-tracked @ProSharesETF’s Ethereum ETF filing, with a decision due by July 2024. ProShares partners with Coinbase Custody for security. $ETH is trading at $3,671. #CryptoNews
