Ripple is contesting the SEC’s $2B fine, offering a $10M settlement instead. Ripple argues there were no findings of fraud and claims the demand is excessive. The outcome could reshape U.S. crypto regulations. #CryptoNews #Update
The Enterprise Ethereum Alliance launches DeFi Risk Assessment Guidelines to address regulatory ambiguities and improve compliance. It influences licensing in Abu Dhabi and the EU, aiding financial giants like @BlackRock, @jpmorgan, and @GoldmanSachs. #DeFi
Ripple CEO Brad Garlinghouse expects a resolution soon in the SEC v. XRP case, critical for U.S. crypto regulation. Despite a partial win last year, XRP’s status as a security for institutions remains unsettled. Garlinghouse urges clear rules, citing the EU’s MiCA as a model. #CryptoRegulation
SEC’s @HesterPeirce hints at reconsidering staking for spot $ETH ETFs, potentially boosting investor returns. This could reshape the regulatory landscape and investor strategies. Ethereum’s price surged above $3,500 following the news. #Crypto #Update
Judge Katherine Polk Failla delayed Tornado Cash co-founder Roman Storm’s trial to Dec. 2 from Sep. 23 due to complex legal issues. The case, involving $7B laundered since 2019, could redefine #DeFi developer responsibilities. #Update
OKX to cease operations in Nigeria by August 16 due to regulatory changes. Users advised to close positions and withdraw funds. This follows a trend of crypto firms exiting Nigeria amid rising regulatory challenges. #CryptoNews
Pixelverse partners with Notcoin (NOT) to reward communities via staking, quests, and marketing, with a $250K prize pool. PIXFI token lists on Bybit and Bitrue, with trading starting July 18. Bybit supports ETH deposits, while Bitrue offers zero trading fees for seven days. #Update
FTX agrees to a $12.7B settlement with the CFTC over fraud allegations, aiming to expedite Chapter 11 proceedings and compensate creditors. $4B is for disgorgement and $8.7B for damages. Court review on Aug 6, 2024. #CryptoRegulation #Update
#Update Empower Oversight seeks transparency from the US SEC over conflicts of interest in crypto regulation. FOIA requests target ex-SEC officials William Hinman and Jay Clayton’s roles with $BTC, $ETH, and $XRP. Delays spark lawsuits, highlighting SEC’s alleged lack of transparency. #CryptoNews
Plaintiffs renew lawsuit against @Tether_to and @bitfinex, alleging market manipulation of Bitcoin and other cryptos with unbacked USDT tokens. Despite previous accusations and a $18.5M settlement, Tether’s market cap hits $113B. #Update #CryptoNews
? @krakenfx partners with Tottenham Hotspur as Official Crypto & Web3 Partner. Starting 2024/2025, Kraken will also be the Official Sleeve Partner for all Men’s and Women’s teams. This multi-season deal aims to enhance fan experience and crypto education. #CryptoNews
Coinbase narrows its subpoena to focus on SEC Chair Gary Gensler’s communications since April 2021, aiming to showcase his evolving views on crypto regulations. Judge concerns led to this refinement. SEC’s response due August 5. #CryptoRegulations
Former SEC lawyer Marc Fagel clarifies that neither Ripple nor the U.S. SEC are seeking a settlement, awaiting the district court’s decision in the remedies phase. XRP price rallies 27% in a week, with RSI signaling a bullish cross. #Ripple #CryptoNews #Update
Northern Data’s U.S. branches seek to dismiss a lawsuit by ex-employees citing lack of jurisdiction. The company plans a $10B-$16B IPO for its AI cloud computing and data center businesses in 2024. #Update #Bitcoin $BTC
