$198 Million Crypto Fraud Shakes Investors Worldwide
TL;DR The SEC accuses Ramil Palafox of running a $198 million Ponzi scheme through his company PGI Global, falsely promising high returns from crypto and...
Tag : sec
Coinbase Was Sued in Oregon for Selling Unregistered Cryptocurrencies
TL;DR Oregon Attorney General Dan Rayfield sued Coinbase for promoting and selling unregistered cryptocurrencies. The lawsuit states that Coinbase favored practices like “pump-and-dump” schemes, affecting...
Galaxy Digital Secures SEC Approval for Nasdaq Listing
TL;DR SEC Nod to Nasdaq: Galaxy Digital receives SEC approval to list its shares on Nasdaq, marking a significant U.S. public market entry. Delaware Domicile...
Paul Atkins Vows to Make Crypto Rules Top SEC Priority
TL;DR Crypto Regulation Focus: Paul Atkins, SEC chair nominee, pledges to prioritize clear and rational rules for the digital asset industry, departing from enforcement-heavy policies....
Ripple Settles with SEC: A Landmark Resolution in Crypto Regulation
TL;DR Legal Closure: Ripple settles its four-year SEC battle with a reduced fine, maintaining its stance that XRP is not a security. Key Settlement Terms:...
Immutable Defeats the SEC and Markets React
TL;DR Web3 gaming platform Immutable (IMX) has achieved a major regulatory victory: the SEC has officially closed its investigation without taking any enforcement action. This...
Ripple to Prioritize Strategic Acquisitions and Expansion in the Stablecoin Market
TL;DR Ripple will prioritize strategic acquisitions over pursuing an initial public offering (IPO) following its legal victory against the SEC. The company aims to recover...
Ripple Achieves Historic Victory: The SEC Drops Its Lawsuit
TL;DR The SEC drops its lawsuit against Ripple, ending a four-year-long legal battle and setting an important legal precedent regarding the classification of XRP. Brad...
Binance Faces Legal Setback as Supreme Court Rejects Petition for Review
TL;DR The US Supreme Court has declined to hear Binance’s appeal regarding a class-action lawsuit alleging the illegal sale of unregistered tokens, allowing the lawsuit...
SEC’s Overreach: Immutable Faces Wells Notice Amidst Regulatory Chaos
TL;DR Immutable, a blockchain gaming platform, received a Wells Notice from the SEC, alleging its IMX token listing might constitute securities violations, sparking controversy and...