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
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
VanEck files for a spot Solana ETF with the SEC, sparking a 7% rise in Solana’s price. If approved, it will be listed on the Cboe BZX exchange. This move could legitimize $SOL further, attracting institutional and retail interest. #CryptoNews
Coinbase sues the SEC and FDIC in D.C. court for denying FOIA requests on crypto policy clarity, including Ethereum’s status and cease-and-desist orders. This case could set a precedent for transparency in the crypto sector. #CryptoRegulation
? The Supreme Court rules 6-3 that the SEC (@SECGov) must grant defendants a jury trial in federal court for civil fraud cases, ending in-house trials. This change may impact regulatory efficiency and defendants’ rights. #FinancialRegulation
Ukraine’s NSSMC rep Yurii Boiko reveals new virtual assets law aimed at exposing shadow financial operations in crypto. The law will tax crypto income like securities and exempt mining/staking from taxes, aligning with EU’s MiCA by June 2024. #CryptoRegulation
.@Coinbase has filed a lawsuit against the @SECGov and @FDICgov for ignoring FOIA requests. The suit claims lack of transparency and inconsistent crypto regulations, highlighting the need for clear guidelines. This could significantly affect digital asset regulation. #CryptoRegulation
Coinbase (@coinbase) sues SEC and FDIC, alleging non-compliance with FOIA requests and attempts to hinder crypto industry growth. The lawsuit seeks transparency on SEC’s stance on Ethereum ($ETH) and FDIC’s role in “unlawful schemes.” #CryptoNews
