SEC

The U.S. SEC closes investigation into Immutable X

March 26, 2025 1 min read

Since January, the U.S. Securities and Exchange Commission (SEC) has ended several investigations into various crypto companies. This includes firms like Kraken, Coinbase, Gemini, MetaMask, OpenSea, Robinhood, and UniSwap. The SEC has also formed a crypto task force led by Commissioner Hester Peirce. This task force aims to clarify how existing securities laws apply to cryptocurrencies. Immutable, an Australian crypto company, welcomed the U.S. government’s efforts to establish clear regulations

The SEC moves to withdraw a rule that could have regulated crypto exchanges

March 12, 2025 1 min read

The SEC is changing its approach to regulating crypto exchanges. A proposed rule from former SEC Chair Gary Gensler aimed to broaden the definition of what an exchange is, which could have included some platforms not meant for SEC control. Critics were concerned that this could lead to unintended regulation. Now, acting Chair Mark Uyeda has decided to withdraw this proposal, indicating a shift in the SEC’s regulatory stance. This

The SEC introduces its Crypto Task Force

March 4, 2025 2 mins read

The US Securities and Exchange Commission (SEC) has formed a new Crypto Task Force to address regulatory challenges in the digital asset space. Commissioner Hester Peirce leads this initiative, which aims to clarify and improve crypto regulations. The task force consists of a leadership team and several Senior Advisors with expertise in legal, policy, and operational matters related to crypto. Key leaders include Richard Gabbert as Chief of Staff, Michael

The SEC delays key crypto lawsuits

February 21, 2025 2 mins read

The SEC is delaying major lawsuits related to cryptocurrency, possibly to buy time before dismissing them. This tactic was evident in the Coinbase case, where the SEC asked for a deadline extension. However, it has not yet formally dropped its most notable cases. Under Gary Gensler’s leadership, the SEC took legal action against several crypto firms, including Ripple and Kraken. Now, with changes in leadership, the SEC seems less aggressive.

Judge pauses legal dispute between Binance and SEC until April

February 14, 2025 1 min read

A judge in Washington D.C. has paused the legal battle between Binance and the U.S. Securities and Exchange Commission (SEC) for 60 days. Judge Amy Berman Jackson ordered this stay and requested both parties to submit a joint status report by April 14. The pause was requested by Binance and the SEC in a court filing. They cited the SEC’s new crypto task force, which aims to create clear rules

The US SEC sues Helium Network creator Nova Labs

January 21, 2025 1 min read

The US Securities and Exchange Commission (SEC) has sued Nova Labs, the creators of the Helium Network, for misleading investors and breaching securities laws. The SEC alleges that Nova Labs falsely claimed partnerships with major companies like Salesforce, Lime, and Nestlé to attract investors. These claims have not been addressed by Nova Labs. The lawsuit, filed on January 17, centers on Nova Labs’ “Hotspot” devices, which have been available since

Court Demands SEC to Justify Its Stance on Crypto Rules After Coinbase Dispute

January 15, 2025 1 min read

The U.S. Court of Appeals for the Third Circuit has asked the SEC to clarify its refusal to establish clear regulations for cryptocurrencies. This request follows Coinbase’s appeal after receiving a Wells Notice from the SEC in March 2023, which accused the exchange of violating securities laws. One judge emphasized that the court is not forcing the SEC to create new rules but wants an explanation for its inaction. Another

The SEC may shift away from heavy enforcement actions on crypto next year

December 28, 2024 1 min read

The U.S. Securities and Exchange Commission (SEC) is about to go through some changes in the next year, working with fewer commissioners until the Senate approves President-elect Donald Trump’s nominees. After SEC Chair Gary Gensler left, Republican commissioners Hester Peirce and Mark Uyeda will stay, which might change how the agency regulates the cryptocurrency sector. In her speech at the Blockchain Association Policy Summit, Peirce pointed out the different regulatory

Bitnomial challenges SEC’s classification of XRP as a security

October 11, 2024 1 min read

Bitnomial, a crypto derivatives exchange based in Chicago, has taken a bold step by filing a lawsuit against the U.S. Securities and Exchange Commission (SEC). The exchange is contesting the SEC’s claim that XRP futures should be classified as “Security Futures.” This legal move comes on the heels of another lawsuit from Crypto.com, which accuses the SEC of overreaching by labeling all crypto assets as securities. Bitnomial operates under the

The SEC accuses Cumberland of operating as an unregistered securities dealer

October 11, 2024 1 min read

The SEC has taken legal action against Cumberland DRW, alleging that the firm has been operating as an unregistered securities dealer in the crypto space since 2018. Cumberland has vehemently denied these accusations, labeling the SEC’s tactics as “enforcement-first” and likening the situation to a legal “Catch-22.” At the heart of the matter is a pivotal regulatory debate over whether crypto transactions should be classified under securities law, a ruling

The SEC has just days left to decide if it will appeal the Ripple case ruling

October 1, 2024 1 min read

The Ripple case is heating up as the SEC’s deadline to appeal approaches on October 7, 2024. Pro-XRP attorney Fred Rispoli believes there’s a strong chance the SEC will challenge the recent ruling that favored Ripple, which could limit the classification of XRP sales as securities. Rispoli estimates a 60/40 split in favor of an appeal, emphasizing the high stakes involved for the SEC. Legal experts, including John Deaton and

SEC announces it settled with Mango Markets over sale of unregistered tokens in $70 million coin offering

September 28, 2024 1 min read

On September 27, 2023, the US Securities and Exchange Commission (SEC) made headlines by charging Mango DAO and the Blockworks Foundation for their involvement in the sale of unregistered crypto assets. The focus of the SEC’s complaint was on MNGO, the governance token associated with Mango Markets, which the SEC claims was sold without proper registration, thereby violating US securities laws. The SEC’s legal action, filed in the Southern District