Senators pressure SEC’s Gensler not to approve any more crypto ETFs
Two Democratic senators argue that any further approvals would expose investors to risks including “fraud and manipulation.”
Two Democratic senators argue that any further approvals would expose investors to risks including “fraud and manipulation.”
According to CryptoPotato, Ripple's legal battle with the United States Securities and Exchange Commission (SEC) over XRP's classification is set for trial on April 23. The lawsuit's outcome could significantly affect XRP's value, but a final decision might be delayed until 2026 due to potential appeals. Ripple and the SEC have been confronting each other since December 2020 when the regulator accused the firm of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP. Ripple argues that its native token is a currency rather than a security and thus does not fall under the SEC's jurisdiction. The lawsuit will be resolved at a grand trial scheduled for April 23, with Ripple currently having the upper hand after securing three partial court wins in 2023. Prior to that, there are certain court rules that the parties should comply with. American attorney James Filan posted the schedule for remedies briefing, according to which the SEC's opening brief is due on March 22. Ripple's opposition brief is due on April 22, while the SEC's reply brief should be presented by May 6, Filan added. The lawsuit's outcome is touted as a major factor fueling a rally for XRP in case of a decisive victory for Ripple. However, the start of the trial does not necessarily mean that a resolution will be witnessed this year. ChatGPT estimated that the final judgment might occur in the summer of 2024, but potential appeals from both sides could delay the outcome until 2026.
Crypto ownership is not highly correlated with party affiliation, but it could make up its own voting bloc, a Paradigm poll says.
A third-party project audit reportedly claimed that Orb devices do not record users’ iris codes onto persistent memory and only transmit codes through end-to-end encrypted messaging.
Elizabeth Warren’s anti-crypto stance continues to draw criticisms from within the industry.
Chukwumaeze Dike, a crypto enthusiast and cybersecurity specialist, said he finds the request for the top 100 users surprising and doubts Binance will comply.
This regulatory framework for stablecoins results from a joint collaboration between the European Banking Authority and the European Securities and Markets Authority.
in Europe, Poland and the Czech Republic sit at the top of the leaders’ chart for crypto company registrations.
Authorities started an inquiry into the scheme in the spring of 2023 and disclosed that cryptocurrency had been confiscated from funds connected to 37 victims.
Federal Judge Edgardo Ramos found the SEC’s suit “plausibly alleges” that Gemini Earn was a securities offering, allowing the case to continue in court.