NASAA Supports SEC in Coinbase Lawsuit, Defends Applying Securities Laws to Digital Assets Deaths Toll Rise
Bitcoin's price has been trending lower, currently trading below the $27,500 pivot level. The downward movement may be attributed to rising tensions in the Israel-Hamas conflict. The situation has escalated, with over 1,200 reported deaths on the Israeli side. Bitcoin is facing resistance near th ...
NASAA Supports SEC in Coinbase Lawsuit, Defends Applying Securities Laws to Digital Assets
The North American Securities Administrators Association (NASAA) has filed an amicus curiae in support of the U.S. Securities and Exchange Commission (SEC) in its lawsuit against Coinbase. The NASAA argued that digital assets should not be treated as "somehow special" and that the SEC's actions agai ...
Evaluating the SEC’s Case Against Ripple: A Legal Perspective
In recent discussions led by John Deaton, the Founder of CryptolawUS and a prominent advocate for XRP holders, critical points have come to light regarding the Securities and Exchange Commission's (SEC) case against Ripple. Deaton's insights, in addition to notable contributions from crypto enthusia ...
Green United Founders Seek Dismissal of SEC Lawsuit, Deny Fraud Allegations
The founders of Green United LLC filed a motion to dismiss the SEC lawsuit accusing them of fraudulent activity. The regulator sued Green United, a green mining company, in March, alleging that its founders, Wright Thurston and Kristoffer Krohn, were promising investors too ...
CFTC Chairman Stresses Regulatory Focus on Decentralized Exchanges (DEX)
Chairman of the Commodity Futures Trading Commission (CFTC) told Bloomberg that for regulatory purposes. It does not matter whether decentralized exchanges (DEX) operate autonomously or with human participation. Rostin Behnam belie ...
Former SEC Chairman Jay Clayton: Courts Ineffective for Determining Crypto Asset Securities
In a recent interview with CNBC, Jay Clayton, the former Chairman of the US Securities and Exchange Commission (SEC), argued that the courts are not an appropriate forum to determine whether crypto assets should be considered securities or not. He noted that any security today may not be consider ...
SEC Chairman States No Plans for New Crypto Asset Rules: Gary Gensler
In a recent interview, the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, clarified that the agency has no plans to introduce new rules for evaluating cryptocurrencies. Gensler emphasized that, aside from Bitcoin, the SEC considers all other crypto assets to be securit ...
Ethereum Co-Founder Refutes Claims of ETH Being a Security
According to Joseph Lubin, co-founder of Ethereum, ETH should not be considered a security but rather a highly liquid product. In contrast to some officials' opinions, Lubin believes that air is not a security and that everyone is entitled to their own opinion, but that does not necessarily make ...
Paxos CEO Disagrees with Regulators over BUSD Classification as Security
Paxos' CEO, Charles Cascarilla, has expressed his disagreement with regulatory bodies' views on BinanceUSD (BUSD), a stablecoin, being classified as a security. He stated that Paxos has always strived to maintain good relationships with regulators and comply with the law since its inception. Howe ...