Australian court rules against Qoin issuer BPS Financial on 4 charges

Qoin still has a class-action suit pending against it in addition to the case brought by regulator ASIC.

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Binance.US wins appeal to reinstate Florida money services license

Just because you can do something doesnt mean you should, a state appeal court told the Florida Office of Financial Regulation.

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Dogecoin Investors Excitedly Await Dogeday 4/20 as ETF Ruling Nears

Dogecoin enthusiasts around the world are gearing up to celebrate an important milestone in the cryptocurrency’s history on April 20, also known as “DogeDay.” This date holds significance for the Dogecoin community as it symbolizes the playful and lighthearted nature of the digital currency. As Dogecoin continues to rise in popularity, many are eagerly awaiting [...]

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bZX DAO class-action ruling: Dev with upgrade key makes platform custodial

In a new update to the class-action lawsuit against bZX DAO members, a United States district judge ruled that the ability for developers to upgrade a smart contract where the key is in the hands of a single developer makes the arrangement custodial.  On March 27, United States District Judge Larry Alan Burns passed a [...]

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Decoding Ripple’s Ruling: A Potential Tsunami for the SEC

In a groundbreaking decision earlier this month, the Southern District Court of New York determined that institutional sales of XRP conducted directly by Ripple constitute securities sales. However, intriguingly, XRP sales on secondary markets, specifically crypto exchanges, do not. A verdict that has sparked a ripple, pun intended, in the crypto space, potentially creating waves [...]

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Mark Cuban Criticizes SEC Approach in Ripple-XRP Case

Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has weighed in on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “The current mission of the SEC is not to protect small investors,” the billionaire asserted. “Their goal is to litigate. And litigate more. And litigate [...]

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Terraform Labs CEO Do Kwon Denied Bail by Montenegrin High Court; Extradition Requests Loom

A Montenegrin high court judge has reportedly invalidated the bail application of Do Kwon, the co-founder of Terraform Labs. Kwon was detained for providing false identification while boarding a flight to Dubai alongside a companion on March 23, 2023. Terraform Labs Co-Founder’s Bail Request Invalidated by Montenegrin High Court For the past 62 days, Do [...]

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South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security

Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent enforcement action by the U.S. Securities [...]

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SEC hints at potential appeal to XRP ruling from Ripple Labs lawsuit

According to court documents, the SEC stated that it is now “considering the various available avenues for further review” on the ruling which found XRP to not be a security.

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SEC Says XRP Ruling in Ripple Case ‘Wrongly Decided’ — Signals Appeal

The U.S. Securities and Exchange Commission (SEC) has told a federal court that some portions of the Ripple ruling regarding XRP “were wrongly decided.” The regulator has asked the court to ignore parts of the ruling, noting that “SEC staff is considering the various available avenues for further review and intends to recommend that the [...]

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Ruling Party Sources Deny Plan to Levy 40% Tax on Crypto Yields in Turkey – Regulation Bitcoin News

The government in Turkey does not intend to impose a 40-percent levy on crypto-related gains as has been alleged, members of the ruling AKP party have indicated to the local press. They have also emphasized that the current regulatory efforts are aimed at creating a sustainable environment for the blockchain industry. Turkey to Establish Regulatory […]

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Tether Asks Court to Protect Private Companies’ Confidential Information

Crypto industry media company, CoinDesk, has formally joined a legal case involving stablecoin operator Tether and the New York Attorney General’s office.

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Ripple Expects Business to Pick Up in the US After Landmark Ruling

Ripple, a cryptocurrency and remittance services company, expects to start offering its services to U.S.-based businesses after the recent ruling that determines the XRP token is not “necessarily a security” on its face. Stuart Alderoty, Ripple’s CLO, stated the company hopes to start talking with possible customers this quarter. Ripple Hopeful About U.S. Business [...]

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US Lawmakers Call on SEC to Stop Regulatory Assault on Crypto Following XRP Ruling

U.S. lawmakers have called on the U.S. Securities and Exchange Commission (SEC) to drop its regulatory assault on the crypto industry following the landmark ruling on the SEC v. Ripple case regarding XRP. “The SEC has chosen to communicate and regulate not by clear rule or guidance but by enforcement actions, often politically timed,” one [...]

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SEC ‘Disappointed’ With XRP Ruling on Retail Investors — Chair Gensler Hints at More Crypto Industry Enforcement

U.S. Securities and Exchange Commission Chairman Gary Gensler has stated that the regulator is “disappointed” with the SEC v. Ripple ruling on XRP regarding retail investors. “We are still looking at it and assessing that opinion,” he affirmed. Gensler also reiterated the SEC’s commitment to enforcing regulations on the crypto industry and ensuring compliance among [...]

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Former SEC Official Warns of Reversal in SEC v Ripple Ruling on XRP — Says ‘the Decision Resides on Shaky Ground’

The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned that the ruling on the SEC v. Ripple case “resides on shaky ground” and will likely be reversed. “The Ripple decision grants to the institutional investor full SEC protection … However, the retail investor is not granted any SEC protection at all. [...]

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Ripple CEO Foresees Prolonged SEC Appeal Process Following Favorable XRP Ruling

Ripple CEO foresees long SEC appeal after XRP ruling. Case highlights the need for clear crypto regulation in the U.S. (Read More)

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Legal Expert Warns Victory May Be Short-Lived for Ripple and XRP — Says Judge ‘Got the Law Wrong’

A legal expert has warned that the district court ruling on XRP “rests on very shaky ground.” Expecting an appeal, he cautioned that Ripple’s victory “may be a short-lived victory,” claiming that the judge “got the law wrong.” Lawyer on Ruling of SEC v Ripple Case Lawyer Bryan Jacoutot shared his analysis of the ruling [...]

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US Lawmakers Call on Congress to Pass Crypto Law Following SEC v Ripple Ruling on XRP

Several U.S. lawmakers have called on Congress to pass crypto legislation following the court ruling on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “Gary Gensler’s SEC cannot continue to pursue its regulation by enforcement approach, which only harms investors and creates uncertainty,” said one lawmaker. US Lawmakers Call on Congress [...]

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US Judge Rules XRP ‘Not Necessarily a Security on Its Face,’ Sending XRP Supporters Into Celebration

According to a recent ruling handed down by U.S. judge Analisa Torres the crypto asset XRP is not “necessarily a security on its face.” In the ruling, both parties, the U.S. Securities and Exchange Commission (SEC) and Ripple Labs’ motions for summary judgment were granted in part and denied in part. The order states that [...]

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