SEC

Gemini and SEC Reach Tentative Agreement, Bringing Closure to Earn Program Lawsuit After Three Years

by

NEW YORK — After nearly three years embroiled in legal disputes, cryptocurrency exchange Gemini Trust has reached a preliminary agreement with the U.S. Securities and Exchange Commission to settle a lawsuit concerning its Earn program. The investigation centered on Gemini’s now-defunct Earn program, which was recognized as a significant element in the SEC’s overall effort to regulate digital assets. This crypto lending product, which launched in 2021, promised retail investors up to 7.4% annual returns on Bitcoin and other cryptocurrency deposits. Attorneys representing both Gemini and the SEC submitted a joint letter in Manhattan federal … Read more

Elon Musk Fights Back Against SEC Lawsuit, Claims ‘No Harm’ in Late Twitter Investment Disclosure

by

San Francisco, Calif. — Elon Musk is moving to dismiss a lawsuit filed by U.S. regulators who contend he improperly delayed disclosing an increase in his stake in Twitter, which he later acquired outright and rebranded as X. The U.S. Securities and Exchange Commission (SEC) claims Musk failed to announce his expanded holdings within the mandated timeframe. In its January complaint, the SEC alleges that Musk had accrued more than 5% of Twitter before he officially disclosed his investment, a delay that purportedly saved him approximately $150 million by allowing him to buy shares at … Read more

Unicoin’s Legal Battle with SEC Sparks Debate on Future of Cryptocurrency Regulation

by

Seattle, Washington – The ongoing legal battle surrounding Unicoin is intensifying discussions within the cryptocurrency sector, raising critical questions about regulatory practices that could shape the future of this innovative market. As the company seeks to dismiss the lawsuit filed by the U.S. Securities and Exchange Commission (SEC), this case represents a pivotal moment for an industry operating under the scrutiny of regulatory bodies. The SEC has accused Unicoin of deceiving investors by claiming that its tokens were supported by tangible assets. Allegations of securities fraud suggest that the company generated over $100 million through … Read more

Ripple Gains Ground: SEC Waiver Paves the Way for New Capital Opportunities and Legal Clarity

by

San Francisco, California—Ripple has recently gained a significant advantage after the U.S. Securities and Exchange Commission (SEC) granted a waiver that lifts key restrictions placed on the company. This regulatory shift enables Ripple to access private capital, allowing it to raise funds under Regulation D exemptions. The decision marks a pivotal moment for the fintech firm, which aims to expand its operations amid a challenging legal landscape. The SEC’s waiver removes a crucial disqualification that previously hindered Ripple from leveraging private investment opportunities. Under Regulation D, companies can solicit capital from accredited investors without facing … Read more