Crypto super PAC Fairshake just lost a billionaire Dem donor: Report
Top Democratic Party donor Ron Conway has split from pro-crypto Fairshake PAC after it pledged to back a Republican candidate without his knowledge.
Top Democratic Party donor Ron Conway has split from pro-crypto Fairshake PAC after it pledged to back a Republican candidate without his knowledge.
Justin Sun and his associated companies are “not challenging the ‘common enterprise’ element of the Howey test,” ruled the New York District Judge.
Bitwise expands global crypto ETF footprint through acquisition.
Former President Donald Trump is on track to earn more passive income from cryptocurrency, particularly Ethereum (CRYPTO: ETH), than he does from his famous reality show, The Apprentice. What Happened: Trump’s foray into the crypto world has proven to be a lucrative venture, according to recent financial disclosures and blockchain data. Don't Miss: According to Cathie Wood, holding 6 Ethereum (ETH) could make you a millionaire, here’s why it can be true. If you invested $100 in DOGE when Elon Mu
According to CoinDesk, a federal judge has rejected a request from the U.S. Securities and Exchange Commission (SEC) in its ongoing securities fraud lawsuit against the Tron Foundation and its founder, Justin Sun. The case is being heard in the U.S. District Court for the Southern District of New York.The SEC had sought to force a pre-trial conference or require the filing of an additional response, accusing the Tron defendants of improperly advancing a new argument in their defense. The SEC claimed that the defence argued the sales of TRX and BTT did not meet the 'common enterprise' prong of the Howey Test, which is used to determine whether a transaction qualifies as an investment contract. This argument was allegedly introduced after the Tron defendants had already filed their motion to dismiss on May 30.Signed order denying SEC motion letter. Source: Courtlistener In response, Tron’s lawyers accused the SEC of attempting to create a controversy and urged the court to deny the SEC’s request. They reiterated that their defence is based on the belief that the sales of BTT and TRX fail the Howey test’s third prong, which involves the expectation of profits from the efforts of others. Tron’s attorneys argued that the SEC’s request for an additional reply document mischaracterized their argument.U.S. District Court Judge Edgardo Ramos sided with Tron’s lawyers, ruling to deny the SEC’s request. Ramos stated that since the defendants were not challenging the 'common enterprise' element of the Howey test, the SEC’s motion to strike the argument or for leave to file a sur-reply was denied.A representative for Tron declined to comment on the pending legal matters.
This market cycle, bitcoin's price has already moved more quickly in a positive direction than in previous cycles.
Gold ETFs are hovering around a 52-week high due to a softening U.S. dollar amid Fed rate cut expectations.
(Bloomberg) -- Bitcoin and the wider crypto market are nursing sharp losses for the month so far even as global stocks push back toward record highs after shaking off a growth scare over the US economy.Most Read from BloombergA Floating Island in Baltimore Raises Hope for a Waterfront Revival‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksThe Cross-Continental Race Using Only Public TransitClimate Disasters Are an
Allnodes, Figment and Galaxy Digital are among the finality providers.
Investors have begun counting down to a speech by Fed chair Jerome Powell at Jackson Hole on Friday that could reset rate-cut expectations.