SEC

The U.S. SEC calls for strict enforcement of regulations against crypto players

April 11, 2023 1 min read

The Investor Advisory Committee of the U.S. Securities and Exchange Commission (SEC) has called for strict enforcement of regulations against crypto players who offer unregistered securities. In a letter addressed to SEC Chair Gary Gensler, the committee urged the regulatory agency to continue its aggressive crackdown on violators in the crypto space, including issuers, custodians, and unregistered trading platforms. The letter also made it clear that the committee considers “virtually

SEC Under Fire as Judges Question its Position in Grayscale’s Bitcoin ETF Appeal

March 8, 2023 2 mins read

On March 7, a panel of judges from the District of Columbia Circuit Court of Appeals questioned the U.S. Securities and Exchange Commission’s (SEC) rejection of Grayscale Investments’ spot Bitcoin ETF application. The judges presiding over the first appeals hearing, Chief Judge Sri Srinivasan and Judges Neomi Rao and Harry Edwards, asked the SEC’s lawyer what more Grayscale needs to do to meet its requirements for the ETF. Grayscale lead

Ripple Appoints New President Ahead of XRP Lawsuit Decision

January 30, 2023 1 min read

Ripple Labs, the payments platform, has recently appointed a new president amidst the ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC). In a company blog post, Ripple announced the promotion of Monica Long, the firm’s senior vice president and general manager, to the position of president. According to Ripple CEO Brad Garlinghouse, Long has been an instrumental figure in the company’s growth and financial stability, even in the

MoneyGram Moves to Keep Some XRP Lawsuit Filings Confidential in Ripple, SEC Case

January 5, 2023 1 min read

MoneyGram has asked the U.S. District Court for the Southern District of New York to keep certain details of its summary judgment materials in the lawsuit between Ripple and the SEC confidential. The cross-border payments company stated that it wants to protect business information and employee identities. The SEC and Ripple requested a summary judgment in September. The SEC filed a lawsuit against Ripple and its executives in December 2020,