Ripple’s Strong Position: Naming Terms in SEC Settlement Looms
Ripple appears to hold a strong position for a potential SEC settlement, with the exposure of key documents weakening the SEC’s bargaining power. Key Takeaways: In a surprising turn of events, Wall Street veteran Linda P. Jones has asserted that Ripple now holds the upper hand in its ongoing legal battle against the Securities and Exchange Commission (SEC). Jones, a …
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SEC Settles Charges Against Fintech Firm Linus Financial
The SEC settles charges against Linus Financial for selling an unregistered cryptocurrency lending product. Key Points The US Securities and Exchange Commission (SEC) made an announcement on Thursday regarding the settlement of charges against Linus Financial, a fintech firm based in Tennessee, over the sales of an unregistered cryptocurrency lending product. The SEC stated that it will not impose civil …
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Speculations and Discussions Continue as Ripple Wins Summary Judgment
The Ripple-SEC legal battle continues with speculation on the possibility of an appeal, generating interest and implications for the broader crypto industry. Key Points After securing a victory in the recently-released summary judgment, Ripple’s legal battle against the SEC continues to attract speculations and discussions. CryptoLaw founder John Deaton, Attorney Bill Morgan, and former SEC regional director Marc Fagel recently …
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Former NYSE Broker Ordered to Pay $54 Million in Penalties for Crypto Fraud
Former NYSE broker Michael Ackerman has been ordered to pay $54 million in penalties for running a cryptocurrency fraud scheme, defrauding investors and misusing funds. Key Points A federal court has ruled that former New York Stock Exchange (NYSE) broker Michael Ackerman must pay $54 million in penalties for running a cryptocurrency fraud scheme, according to a press release from …
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Binance.US Finally Resolves USD Withdrawal Issues, But Will It Last?
Important Points Binance’s US-based subsidiary, Binance.US, has recently announced to its customers that the issues regarding USD withdrawals have finally been resolved. The exchange has revealed that it worked closely with its banking partners to find a solution to the problem. This news comes just a few days after Binance.US struck a deal with the US Securities and Exchange Commission …
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SEC’s Controversial Decision: Is Prometheum’s Approval a Crypto Psyop?
Prometheum got approval from the SEC as a “special purpose broker-dealer”, however many believe that it’s a psyop Key Points In a recent development, the Financial Industry Regulatory Authority (FINRA) has given its seal of approval to Prometheum Ember Capital LLC, making it the first broker-dealer with custody rights for digital asset securities. The industry-funded arm, created by the SEC, …
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Coinbase to Face Court Battles with U.S SEC: CEO
Coinbase is ready to fight a legal battle with the Securities and Exchange Commission of the United States. CEO of Coinbase, Brian Armstrong told about this in an interview with CNBC on April 18th. Last month, the regulators sent Coinbase a Wells notice, which is often the last step before any charges are filed by the regulators. Armstrong said that …
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