The U.S. Securities and Exchange Commission (SEC) is filing to sue PulseChain and Hex founder Richard Heart for securities fraud, mere days before the premiere of his vanity movie project, The Highest of Stakes. With multiple serious charges against him
The U.S. Securities and Exchange Commission (SEC) has delivered its verdict on what is and is not a security, and the financial governing body has ruled that if it’s a cryptocurrency that’s not called Bitcoin – it’s a security. The
A trending video showcasing Massachusetts Representative Stephen Lynch’s unwavering support for the U.S. Securities and Exchange Commission (SEC) has sparked controversy within the crypto community. Lynch defended the SEC’s actions against Ripple Labs Inc., suggesting that the regulatory body had
On July 26, a United States House panel granted preliminary approval to two potentially transformative cryptocurrency regulatory bills. This significant stride considered a massive victory for the American crypto industry, hints at the emergence of much-needed regulatory clarity in the
Despite the ongoing ambiguity within the U.S. legislative landscape concerning cryptos, Senators Cynthia Lummis and Kirsten Gillibrand’s proposed bill addressing the matter has been met with resistance from influential figures within the crypto space. Mr. Huber, a voice within the
As a Wall Street Journal reported, Celsius Network, the beleaguered cryptocurrency lender, is nearing the completion of court settlements that could pave the way to recovering its customer assets. The development follows tumultuous times for the company after filing for Chapter 11
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
Web3 Metaverse firm Cosmic Wire has raised millions of dollars in a seed funding round led by the Solana Foundation and Polygon. Cosmic Wire captured $30 million in startup capital funds between the two crypto projects and other investors. Greg
Ripple’s XRP continues to rise despite a broader crypto downturn, defying the bearish trend. This boost has primarily been attributed to the outcome of Ripple vs SEC lawsuit as anticipation for a possible settlement conference grows. Following the partial ruling
The Australian subsidiary of Sam Bankman-Fried’s cryptocurrency exchange, FTX, is facing significant challenges as the country’s regulator, the Australian Securities and Investments Commission (ASIC), has canceled its local financial services license. This move comes after revelations of substantial financial misconduct,
At the National Press Club on July 17, Gensler acknowledged AI as a technology as transformative as the internet and mass automobile production but raised important questions about its potential impact on societal structures and global financial stability. The SEC
Justin Sun and his companies have found themselves on the receiving end of an SEC dragnet in a move sending shockwaves through the cryptocurrency world. Justin Sun was strongly involved in allegations announced earlier this year which involved unregistered offers
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