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Tag: Crypto Assets

SEC Contemplates XRP Verdict Appeal in Ripple Labs Case

SEC Contemplates XRP Verdict Appeal in Ripple Labs Case

Following the recent court verdict favouring XRP in the Ripple Labs lawsuit, the U.S. Securities and Exchange Commission (SEC) hints at a possible appeal.  The regulator believes this decision contradicts established securities laws principles. Besides, it challenges the time-honoured Howey

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FTX's $1B Fraud Lawsuit Targets Ex-CEO and Executives

FTX’s $1B Fraud Lawsuit Targets Ex-CEO and Executives

Cryptocurrency platform FTX Trading is pressing charges against its founder, Sam Bankman-Fried, and several former executives in a lawsuit claiming over $1 billion in misappropriation.  Delaware’s bankruptcy court complaint stated that the allegedly misused funds led to the company’s bankruptcy.

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Kuwait Implements Total Ban on Cryptocurrency Activities

Kuwait Implements Total Ban on Cryptocurrency Activities

Kuwait, the Gulf state, has issued an absolute ban on all activities involving cryptocurrencies, such as Bitcoin, Ethereum, and Dogecoin, through several regulators.  The announcement, made by Kuwait’s principal financial regulator, the Capital Markets Authority (CMA), on July 18, casts

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