SEC’s XRP Appeal: Lawyers Discuss Settlement Date #Crypto
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
Regulation
Coinbase CLO Slams SEC Deal with Kwon #Crypto
Coinbase CLO Paul Grewal criticizes SEC’s $4.47B settlement with Do Kwon & Terraform Labs, highlighting inadequate investor compensation. #Crypto #Regulation
Terraform Labs Settles SEC Case for $4.47 Billion #Crypto
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 Drops Lawsuit Against OpenAI
Elon Musk has withdrawn his lawsuit against @OpenAI and CEO Sam Altman, citing efforts to enforce open-source principles.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
Ethereum Restaking Boost: Kalypso Partners Symbiotic #Ethereum
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
Chainalysis Wins $80M Employment Contract Lawsuit Dismissal #Security
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
Ethereum ETF Decision Looms: SEC Feedback Week #Ethereum
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 Approval Awaits Crucial SEC Decision #Ethereum
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
Ethereum ETF Fast-Tracked by SEC Approval #Ethereum
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
Friend.tech Partners Conduit, Unveils Friendchain #Startups
Friend.tech partners with Conduit to create Friendchain, a native blockchain using the $FRIEND token as gas. Launch date TBD. $FRIEND up 15% to $0.8439. #Crypto #Web3
American Securities Association Files Lawsuit Against SEC
The American Securities Association sues the @SECGov for alleged transparency violations over $3B in fines against firms like @jpmorgan and @GoldmanSachs. The outcome could impact future regulations. #Finance #Regulation
ProShares Pursues SEC Approval for Spot Ethereum ETF
ProShares filed with the SEC to list a spot Ethereum ETF on the NYSE, excluding staking activities to align with regulatory requirements. Expected approval by July 2024. #CryptoNews #Ethereum
SEC Challenges: Monica Long Criticizes US Regulatory Climate
Monica Long, President of @Ripple, highlighted the approval of Bitcoin ETFs and BlackRock’s involvement as key milestones for crypto adoption at Money 20/20. She called for clearer regulations. #CryptoNews #Money2020
Hong Kong Crypto Exchange Licensing Insights
Major crypto exchanges @OKX, @Bybit_Official, and HTX have retracted their Hong Kong license applications due to strict regulations, including a ban on serving Mainland China users. #CryptoNews #HongKong