Terraform Labs files for bankruptcy amid SEC lawsuit
Terraform Labs, the company behind the failed stablecoin TerraUSD, has filed for bankruptcy in the face of lawsuits from the Securities and Exchange Commission (SEC) and Singapore. A Singapore-based cryptocurrency company filed for Chapter 11 bankruptcy protection in Delaware on Sunday. According to court documents shared with The Hill. Terraform Labs claimed between $100 million […]
Coinbase has 70% chance of full dismissal in SEC lawsuit: Litigation analyst – Cointelegraph
Elliott Stein, senior litigation analyst at Bloomberg, said the chances of cryptocurrency exchange Coinbase losing its ongoing lawsuit against the U.S. Securities and Exchange Commission (SEC) are minimal. . Stein estimates the exchange has a 70% chance of obtaining a complete dismissal of the lawsuit. recently post On January 19th, Stein said on This is […]
SEC Punts Fidelty Spot Ethereum ETF Decision to March – Decrypt
The U.S. Securities and Exchange Commission (SEC) has extended the deadline for a decision on Fidelity's proposed Spot Ethereum ETF to March 5th. According to Thursday filingthe SEC specified a “longer period for taking action on proposed rule changes” in order to have “sufficient time to consider the proposed rule changes and the issues raised […]
Court decisions could scale back SEC authority over crypto industry
Check out what's being clicked on FoxBusiness.com Judge Katherine Polk Failla of the Southern District of New York heard arguments in a five-hour hearing Wednesday afternoon in a case that could determine the regulatory future of the $1.7 trillion cryptocurrency industry. did. Lawyers for Coinbase, the largest U.S. cryptocurrency exchange, have filed an SEC complaint […]
SEC, Gensler face bipartisan backlash over X account hack
Securities and Exchange Commission (SEC) Chairman Gary Gensler said after the agency's social media accounts were hacked last week and falsely claimed to have approved several much-anticipated Bitcoin investment funds. It faces bipartisan political backlash. The SEC ultimately approved an exchange-traded fund (ETF) to hold Bitcoin about 24 hours later, but the agency's high-profile blunder […]