June 16th, 2025
SEC Crypto News - Page 12
Robinhood Crypto Faces $3.9M Settlement in California Over Historical Practices
By Anisha Pandey
September 5th, 2024
This is not Robinhood’s first encounter with regulatory scrutiny. In May, the US Securities and Exchange Commission (SEC) notified Robinhood of its intent to file a lawsuit over alleged violations of federal securities laws.
Ripple CEO Confirms Imminent US Dollar-Pegged Stablecoin Launch RLUSD
By Bena Ilyas
September 4th, 2024
Ripple CEO Brad Garlinghouse stated Ripple has “no interest” in a US IPO, citing SEC’s challenging and inconsistent crypto regulation.
Pro-Crypto Lawyer John Deaton to Challenge Elizabeth Warren after GOP Primary Victory
By Chimamanda U. Martha
September 4th, 2024
The victory marks a significant moment for pro-crypto supporters, as Deaton moves from the legal battlefield to a political showdown with one of the Senate’s most vocal critics of digital assets.
Ripple Labs Announces Plans to Introduce Smart Contract Development on XRPL in 2025, XRP Price Rebounds
By Steve Muchoki
September 3rd, 2024
The end of the SEC case against Ripple has given the blockchain payment company the needed space to build the XRPL network in preparation for mainstream adoption.
SEC Commissioner Mark Uyeda Advocates Creating Special S-1 Form for Crypto
By Godfrey Benjamin
September 3rd, 2024
Uyeda mentioned that the SEC has a tradition of working with product sponsors to develop customized registration requirements. He sees no reason for digital asset securities to be an exception.
Coinbase’s Paul Grewal Critiques SEC’s Challenge to FTX Repayment Plan
By Temitope Olatunji
September 2nd, 2024
The SEC’s intervention comes as FTX has been working on several repayment plans to compensate its creditors.
Gary Gensler to Face Intense Scrutiny in September Over DeFi and SEC Oversight
By Bena Ilyas
August 30th, 2024
The September hearings will not only scrutinize the current state of the crypto industry but could also reshape regulations, setting the future framework for digital asset management and oversight.
Terraform Labs Transitioning Terra’s Operations to Community Initiatives
By Leon Okwatch
August 27th, 2024
The shift from TFL to community management will significantly impact the Terra ecosystem and the LUNA token.
SEC Charges Brothers in $60M Crypto Ponzi Scheme Targeting Over 80 Investors
By Chimamanda U. Martha
August 27th, 2024
Given the severity of the alleged crimes, the SEC is seeking permanent injunctions, the disgorgement of ill-gotten gains with prejudgment interest, and civil penalties against the Adam brothers.
Abra Agrees to Settlement in Multi-States Securities Probe
By Godfrey Benjamin
August 27th, 2024
In the four years of its operation, the company has settled with about 25 states for operating without licenses. In June this year, it agreed to return as much as $82 million to customers in the United States.
Ripple Kickstarts RLUSD Minting on XRP Ledger and Ethereum
By Godfrey Benjamin
August 23rd, 2024
Ripple began putting effort into the development of RLUSD, which is pegged at 1:1 with the United States dollar, at the beginning of this year.
SEC Battles Hex Founder Richard Heart in Legal Dispute, Opposes His Attempt for Lawsuit Dismissal
By Temitope Olatunji
August 23rd, 2024
The United States Securities and Exchange Commission has opposed the Hex founder Richard Heart’s bid to dismiss its lawsuit against him.
Coinbase Plans One-to-one Conversion of EUR to EURC
By Godfrey Benjamin
August 22nd, 2024
A day after enabling the conversion, Coinbase plans to introduce a new EURC-USDC order book.
Terraform Labs Faces Crucial Chapter 11 Hearing on September 19 amid Bankruptcy Crisis
By Bena Ilyas
August 21st, 2024
The $4.5 billion SEC settlement marks one of the largest in crypto history, effectively barring Terraform Labs and its co-founder Do Kwon from the crypto industry.
Binance and CZ Face New Lawsuit Over Alleged Role in Crypto Theft
By Bena Ilyas
August 21st, 2024
The lawsuit accuses Binance of playing a pivotal role in the money laundering scheme, thereby violating the Racketeer Influenced and Corrupt Organizations Act (RICO).