Ethereum futures open reached a new all-time high, calling into question whether ETH can rally to $3,800.
Securities and Exchange Commission (SEC) Crypto News
The Securities and Exchange Commission (SEC) serves as a cornerstone of United States financial regulation, ensuring fair markets and protecting against fraud. The emergence of cryptocurrencies like Bitcoin (BTC) challenged established norms. Despite initially not interfering in the crypto space, the SEC intervened during the 2017 to 2018 initial coin offering frenzy, asserting securities laws on tokens like The DAO (DAO).
Key legal battles followed, including halting the Telegram Open Network and suing Ripple for unregistered XRP (XRP) sales. In a significant move, the SEC sued Binance in June 2023, alleging unregistered securities sales, implicating prominent tokens such as Solana’s (SOL), Cardano’s (ADA), Polygon’s (MATIC), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity’s (AXS) and Coti (COTI). Coinbase also faced charges related to its staking service.
These actions reverberated globally, as nations often model their regulations after the U.S., highlighting the SEC’s international impact. Through its interventions and legal battles, the SEC shapes the future of crypto regulation, ensuring the integrity of digital markets and influencing global financial landscapes.
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The SEC approved investment vehicles tied to Ether futures in October but has not reached a decision about spot ETH exchange-traded funds on U.S. exchanges.
9436The price-to-sales ratio is used to assess the potential of an investment, with lower ratios signaling more attractive opportunities.
9977A U.S. judge has determined Coinbase’s self-custody crypto wallet doesn’t make it a broker, which lawyers say is a “significant setback” for the SEC and a boon for DeFi.
18120Coinbase’s motion to drop the SEC’s case against the exchange was denied in court, allowing the regulator to proceed with its lawsuit.
5747The SEC’s filing on a proposed $1.95 billion in fines and penalties for Ripple suggested the firm needed an incentive to stop violating laws beyond “just the cost of doing business.”
7577According to a letter for SEC Chair Gary Gensler, leaving Ether in regulatory limbo between the SEC and CFTC could have "irreparable consequences for the digital asset markets.”
14374“The case is just as strong as it was for spot #Bitcoin ETFs,” Grayscale’s chief legal officer Craig Salm wrote in a post on X.
6208The tokens are distributed for free and unasked for, so they’re not securities, according to the suit.
14833Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty cited a judge imposing sanctions on the SEC in a lawsuit against Debt Box, claiming the regulator exceeded its authority.
6138The U.S. Securities and Exchange Commission wants an extra $158 million to address the “Wild West of the crypto markets.”
6574Terraform Labs co-founder Do Kwon remained in Montenegro as the SEC trial kicked off in New York on March 25.
12121Ethereum whales are re-entering the market to accumulate ETH, motivated by the prospect of interest rate reductions in the U.S.
988The United States securities regulator has postponed its decision on whether to approve Grayscale’s Ethereum Futures Trust ETF product until the end of May.
12505On-chain activity within Ethereum layer-2 protocols and ETH derivatives data suggests that the altcoin will hold the $3,200 level.
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