SEC

Judge Advances Major SEC Charges Against Binance and CEO CZ, Dismisses Others in High-Stakes Crypto Legal Battle

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Washington, D.C. — A federal judge has ruled that most of the charges brought by the U.S. Securities and Exchange Commission (SEC) against cryptocurrency exchange Binance and its founder Changpeng Zhao will continue. This latest development underscores ongoing tensions between regulatory bodies and the cryptocurrency sector. Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia dismissed three of the thirteen allegations but allowed the rest to proceed, including ten in full and two partially. This decision marks a significant step in one of several legal challenges the platform faces, highlighting … Read more

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

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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

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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

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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