According to PANews, the US House Financial Services Committee's Republican Capital Markets Subcommittee held a hearing titled "SEC (US Securities and Exchange Commission) Overreach: The Necessity of Reviewing Reforms" at 22:00 Beijing time on March 20th. The hearing was reported by Fox News journalist Eleanor Terrett.
According to CoinDesk, a Montenegro appeals court has rejected Terraform Labs founder Do Kwon's bid to reverse a ruling approving his extradition to South Korea. The decision comes after a high court in the Balkan nation ruled earlier this month that Kwon can be extradited to face criminal charges related to the collapse of his multi-billion dollar crypto enterprise in May 2022. Kwon's attorney, Goran Rodic, stated that the extradition is now final and neither the U.S. nor Kwon can further appeal the decision. However, there is no timeline yet for when the extradition might take place. The U.S. Department of Justice (DOJ) is also seeking Kwon's extradition and has said it will appeal Montenegro's decision to send him to South Korea. Kwon was arrested in Montenegro and charged with carrying falsified official documents. He had previously successfully appealed high court decisions approving his extradition to the U.S. The appeals court rejected previous extradition decisions by the high court, stating that the extradition requests approved were not legally sound. The DOJ has stated that it will continue to seek Kwon's extradition to the U.S.
According to CryptoPotato, the legal battle between Ripple and the United States Securities and Exchange Commission (SEC) is nearing its trial on April 23. The lawsuit, launched in December 2020, accuses Ripple of illegally raising over $1.3 billion in an unregistered securities offering by selling XRP. Ripple maintains that its native token is a currency, not a security, and therefore does not fall under the SEC's jurisdiction. Before the trial, both parties must comply with certain court rules. The SEC was recently granted an extension on the deadline to provide essential data related to the schedule for remedies briefing. Its opening brief is due on March 22, while Ripple's opposition should come no later than April 22. American attorney James Filan revealed that the parties have filed a joint letter seeking the magistrates' approval "to govern sealing issues relating to the upcoming remedies-related briefing." The outcome of the lawsuit is eagerly anticipated by industry participants, as it could trigger significant volatility for XRP and the entire cryptocurrency market. XRP's price spiked by over 70% when Ripple secured its first partial court win last year and saw further increases following two additional victories in subsequent months.
The crypto trading platform with high-speed trading and zero fees is close to obtaining a MiFID II license.
The commission's delay on VanEck’s application to May 23 opened the proposal to public comment.
The Riksbank designed a system using payment cards and shadow wallets, but security and accounting problems remain.
Several U.S.-based companies reportedly received subpoenas from the SEC related to attempts to label Ether as a security.
Both the United States and South Korea have filed competing requests for extraditing the Terraform Labs co-founder since his arrest in Montenegro in March 2023.
The National Agency for Prospective Projects anticipates the revenue generated from the sector to double once the new structure is in place.
Steve Wozniak filed a lawsuit against YouTube and parent company Google over doctored videos that were used to promote a Bitcoin scam.