June 17th, 2025
SEC Crypto News - Page 20
SEC Chair Doesn’t Reveal Timeline for Spot ETH ETF Approval, Refuses to Talk About Elections
By Anisha Pandey
June 26th, 2024
Gary Gensler, SEC Chair, talked about the approval of spot Ethereum (ETH) exchange-traded funds (ETFs) on Tuesday, June 25, stating that the approval process is “going smoothly” while being hesitant to reveal a timeline for the approval.
White House Brings SEC Critic as Crypto Advisor, Major Regulatory Changes Ahead?
By Bhushan Akolkar
June 25th, 2024
In a potential attempt to re-engage with the crypto industry, the White House has rehired cybersecurity advisor Carol House as the crypto advisor.
ConsenSys Calls for Delay of New IRS Reporting Rules as Industry Unites Against ‘Unclear’ Regulations
By Mayowa Adebajo
June 21st, 2024
ConsenSys is urging the US Internal Revenue Service (IRS) to postpone the implementation of new crypto tax reporting regulations.
Federal Judge Suggests Denying Motion to Dismiss in SEC vs Kraken Case
By Bena Ilyas
June 21st, 2024
Kraken’s lawyer, Matthew Solomon, challenged the SEC’s approach of treating the exchange as a unified “ecosystem” with all tokens as investment contracts. He stressed the fair, consistent application of regulations to crypto assets.
Further Regulatory Crackdown on Crypto May Soon be Over: ConsenSys Founder
By Godfrey Benjamin
June 20th, 2024
ConsenSys has confirmed its plans to continue its lawsuit against the SEC as founder Joseph Lubin reiterates the need for regulatory clarity.
XRP Price in the Spotlight Following US SEC’s Crypto Regulatory Tone-Down
By Steve Muchoki
June 19th, 2024
Ripple-backed XRP has outshined the rest of the top ten most valuable crypto assets in the past seven days.
US SEC Closes Investigation Into Ethereum 2.0, Ether Price Gains 3.3%
By Steve Muchoki
June 19th, 2024
The US SEC has toned down its Ethereum regulatory crackdown ahead of the November elections that have significantly focused on crypto voters.
South Korean Prosecutors Find New Evidence against Do Kwon
By Chimamanda U. Martha
June 17th, 2024
While Hyun-Sung has denied helping Kwon deceive investors, Kwon is still awaiting trial for the collapse of the blockchain, which instigated the 2022 crypto market winter.
Ripple Collaborates with 10 Governments to Develop CBDCs amid Ongoing SEC Dispute
By Bena Ilyas
June 17th, 2024
Ripple’s increasing influence is evident as 80% of Japanese banks have partnered with the company for blockchain-based payment solutions.
Crypto Market Sentiment in ‘Neutral’ Mode as Bitcoin, Altcoin Rebound Stalls
By Godfrey Benjamin
June 17th, 2024
For Ethereum, Kaiko Research stated that the approval of the Ethereum ETF will lead to a long-term increase in price.
SEC Rejects Ripple Demand of Reducing Penalty Down from $2B
By Bhushan Akolkar
June 17th, 2024
Ripple argued that Terraform Labs’ $420 million civil penalty was just around 1.27% of its “$33 billion gross sales”. However, the SEC rejected it stating that this is an apples-to-oranges comparison.
More than 90% of BIS Members Considering Issuing CBDC
By Steve Muchoki
June 14th, 2024
The latest report from the Bank for International Settlements (BIS) revealed that 94 percent of 86 central banks are considering a CBDC soon.
Ripple Seeks to Lower $1.95B Penalty to $10M Using Terraform Labs Settlement as Precedent
By Temitope Olatunji
June 14th, 2024
Amid all this, the price of XRP has continued to decline, losing more than 10% in the last eight days.
Bitcoin ETFs See $226M Outflow, BlackRock Only Fund with Inflows
By Bena Ilyas
June 14th, 2024
Fidelity’s FBTC, the once-hot ETF, bore the brunt of the selling pressure, seeing its second-largest net outflow day ever with $106 million leaving the fund.
Terraform Labs: CryptoQuant CEO Slams US Judicial System for Approving $4.5B SEC Settlement
By Bhushan Akolkar
June 14th, 2024
Ki Young Ju said that government settlements often prioritize financial gains over upholding the law while adding that $4.5 billion from Do Kwon would be impossible without him committing a financial crime.