SEC

Terraform Labs Faces Jury Decision in SEC Lawsuit Over Alleged Investor Deception in TerraUSD Collapse

by

New York – The U.S. Securities and Exchange Commission (SEC) recently concluded their case against Terraform Labs and its co-founder, Do Kwon, leaving the decision in the hands of a New York jury. The jury must now determine whether Kwon and his company can be held accountable for allegedly providing misleading information to investors regarding the stability of their cryptocurrency, Terra USD (UST), and its integration with a South Korean mobile payments app. Terra USD, also known as an “algorithmic stablecoin,” was designed to be pegged to the U.S. dollar through on-chain mint-and-burn mechanics with … Read more

Coinbase Faces Setback as Federal Court Upholds SEC Lawsuit, Drawing Parallels to Ripple’s Legal Battle

by

San Francisco, California – The legal battle between cryptocurrency exchange Coinbase and the U.S. Securities and Exchange Commission (SEC) has recently seen a major development. A federal court has denied Coinbase’s motion to dismiss the SEC’s lawsuit, causing a stir within the crypto community. This rejection has drawn comparisons to the ongoing legal struggles faced by Ripple Labs. Let’s dive into the details and explore the implications of both cases for the cryptocurrency industry. Coinbase, a leading crypto exchange, has received a significant setback as a U.S. federal court ruled against its motion to dismiss … Read more

Pro-XRP Lawyers Challenge SEC Chair Gary Gensler’s Views on Cryptocurrency Disclosures

by

Washington, D.C. – As the legal battle between Ripple and the Securities and Exchange Commission (SEC) rages on, pro-XRP lawyers have launched scathing criticisms against SEC Chair Gary Gensler, questioning his leadership integrity. Gensler’s recent remarks on the alleged evasion of public disclosures in the crypto industry have sparked controversy and drawn sharp rebukes from legal experts within the crypto community. Prominent lawyers such as MetaLawMan and pro-XRP advocate Bill Morgan have been vocal in their criticism of Gensler. MetaLawMan, in a recent post, cited Judge Shelby’s comments in a case involving the SEC, accusing … Read more

Potential Ripple Case Settlement and SEC v Coinbase Ruling Could Shape XRP’s Future as Investors Await OIG Findings

by

San Francisco, CA – The Securities and Exchange Commission (SEC) might settle the Ripple case if the Office of the Inspector General (OIG) finds that the SEC acted improperly. This settlement would also put an end to the SEC’s plan to appeal the ruling on the Programmatic Sales of XRP, which caused a significant drop in XRP value. Last July, Judge Torres ruled that the programmatic sales of XRP did not meet the third prong of the Howey Test. In response to this ruling, the value of XRP soared to a high of $0.9327. However, … Read more