Ripple CEO Brad Garlinghouse Predicts Imminent Decision in SEC Lawsuit, Rules Out Settlement
The SEC has accused the company of raising over $1.3 billion through an unregistered, ongoing digital asset securities offering.
Category: Compliance
Stay on top of the latest regulatory developments and compliance requirements in the cryptocurrency industry. Our team of experts provides in-depth analysis and insights on the most pressing compliance issues facing cryptocurrency businesses and investors, helping you understand your obligations and navigate the complex world of crypto regulations. Whether you’re a business owner or an individual investor, our team has you covered with the latest news, analysis, and guidance on compliance in the crypto space. Stay informed and stay compliant with our comprehensive coverage of the crypto compliance landscape.
XRP on the Rise: Bullish Investors Eye Favorable Outcome in Ripple’s SEC Lawsuit
Despite market challenges, XRP has managed to secure impressive gains, thanks to a spike in network address and social dominance.
Gemini Co-Founder Tyler Winklevoss Calls SEC Lawsuit Against Company “Political”
Tyler Winklevoss, a co-founder of Gemini, has called the lawsuit "political" and believes it will reduce the chances of users receiving their funds.
Midas Investments Closes Down Amid Contagion from FTX and Celsius Crashes
CEO Iakov Levin has apologized to affected customers and announced plans for a new, fully transparent project. @MidasTrevor | @Midas_platform
Sam Bankman-Fried Expected to Enter Plea
Former CEO of Crypto Exchange FTX to Appear in Court for Scheme That Defrauded Millions
Crypto Crackdown Imminent as SEC Chair Gary Gensler Warns of Non-Compliant Intermediaries
"The runway is getting shorter. The casinos in this Wild West are non-compliant intermediaries," he said.
SEC Sounds Alarm on Crypto Proof-of-Reserve Audits: Don’t Be Fooled
In an interview with The Wall Street Journal, SEC acting chief accountant Paul Munter stated that these audits "lack" sufficient information for stakeholders to determine whether a company has enough assets to meet its liabilities.
Bankman-Fried Free on $250 Million Bail
Sam Bankman-Fried, the founder of crypto exchange FTX, has been granted a $250 million bail bond by a judge in New York. Bankman-Fried will be under house arrest and required to wear an electronic monitoring bracelet while awaiting trial.
SEC Could Ban Crypto Exchanges Following FTX Case
The Securities and Exchange Commission (SEC) could potentially ban crypto exchanges following its recent charges against Caroline Ellison and Gary Wang, former CEO and co-founder of FTX respectively. The agency referred to FTX's native token FTT as an "illiquid crypto asset security," implying that the SEC views all crypto assets…
FTX Allocates $1 Billion in Assets to Resolve Financial Shortcomings Following Bankruptcy
Despite facing bankruptcy and the arrest of its CEO, Sam Bankman-Fried, FTX has announced the allocation of $1 billion in assets, including $720 million in cash, in an effort to resolve the financial shortcomings of the platform. Keep reading for more information on this development and the actions being taken…
