Key Takeaways The U.S. Securities and Exchange Commission (SEC) has filed an appeal against parts of the court’s decision in favor of Ripple Labs, challenging the ruling on the sales of its cryptocurrency, XRP. On October 17, Ripple’s defense attorney,…
Key Takeaways Asset Manager Canary Capital has officially filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a spot Litecoin (LTC) exchange-traded fund (ETF). The proposed Litecoin ETF is designed to hold spot Litecoin and track…
Key Takeaways Leading crypto index fund manager Bitwise, has officially filed for a spot exchange-traded fund (ETF) to give investors exposure to XRP. According to a September 30, 2024 filing, the Bitwise XRP ETF was registered with CSC Delaware Trust…
Key Takeaways On Friday, the U.S. Securities and Exchange Commission (SEC) charged Mango Markets with conducting unregistered sales of its digital token, MNGO, which the watchdog classified as a security. The charges also extended to Mango DAO, Mango Labs LLC,…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) has settled charges with TrueCoin and TrustToken, accusing both companies of fraudulent and unregistered sales of investment contracts tied to the TrueUSD (TUSD) stablecoin. The settlement was reached on September 24…
Key Takeaways Two users have filed a class-action lawsuit against NFT marketplace OpenSea, alleging the platform facilitated the sale of unregistered securities. The lawsuit, filed in a Florida federal court on September 19 by Anthony Shnayderman and Itai Bronshtein, claims…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) has filed lawsuits against two crypto platforms, NanoBit and CoinW6, accusing them of defrauding investors out of more than $2 million. The cases, filed on September 19, mark the SEC’s first…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) has asked for more time to gather documents in its ongoing legal battle with Coinbase, one of the largest cryptocurrency exchanges in the country. On September 18, the SEC filed a…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) is scrutinizing FTX’s proposal to repay its creditors using stablecoins or other crypto assets. In a court filing dated August 30, the SEC expressed concerns about the legality of these repayments…
Key Takeaways The Nigerian Securities and Exchange Commission (SEC) has given an Approval-in-Principle to two cryptocurrency exchanges, Quidax and Busha. This grants them the status of officially recognized crypto trading platforms in Nigeria. The approval was granted under the SEC’s…
