Announced in a September 13 post on X (formerly Twitter), the $6 million fund is backed by venture capital firm a16z and NFT marketplace OpenSea. Coinbase Creates NFT Legal Defense Fund as SEC Crackdown Intensifies The initiative comes in response to increasing regulatory scrutiny, including a Wells notice issued to…
Crypto-related activities such as political donations, crypto betting, PolitiFi tokens, and NFT sales have surged, overshadowing the level of crypto participation seen in earlier elections. Crypto Donations and Betting Soar in 2024 US Elections Breadcrumbs, a blockchain analytics platform, reports that crypto donations to political campaigns have doubled since 2022.…
Ripple Labs is on the brink of a pivotal moment in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Recent developments suggest that the SEC may not appeal Judge Torres’ recent favorable summary judgment for Ripple. Ripple executives, including CEO Brad Garlinghouse and Chief Legal Officer…
Top crypto exchange Kraken has removed the Lightning Network feature for customers in Germany, citing “technical changes.” Earlier on Friday, crypto news publication Protos reported that a support agent at Kraken had attributed the removal to “regulatory issues.” But a spokesperson for the San Francisco-based company told Decrypt that Kraken Support…
Kraken has again denied the U.S. Securities and Exchange Commission’s allegations and demanded a jury trial to defend its position in the lawsuit, according to a Thursday court filing. In November 2023, The SEC charged Payward Inc. and Payward Ventures Inc., the companies behind Kraken, with operating the digital asset…
In March, the CNV opened the registry of virtual asset service providers, which is required for companies in the sector that want to operate in the country In 2023, Bit2Me raised $15 million in a funding round to grow its position in Spain and accelerate its expansion in Latin America…
The regulator claimed Kraken violated federal securities laws when it offered certain digital assets, which qualify as unregistered securities. Kraken said ADA, ALGO, SOL, and other assets do not meet the legal definition of securities under US law. The exchange also slammed the SEC for the lack of clarity, calling…
The US Securities and Exchange Commission (SEC) has filed an amended complaint against Binance in the District of Columbia, introducing procedural updates and legal modifications to its original filing. The amendment, approved this morning, includes a motion under Federal Rule of Civil Procedure 15(a)(2), accompanied by a memorandum explaining the…
Kraken has formally responded to the SEC’s lawsuit, denying allegations of operating as an unregistered securities exchange. In a new court filing, Kraken demanded a jury trial and argued against the SEC’s classification of 11 crypto assets as so-called “crypto asset securities.” The 11 assets include Solana (SOL), Cardano (ADA),…
Kraken has requested a jury trial in response to the US Securities and Exchange Commission’s (SEC) lawsuit, according to a Sept. 12 court filing. The move comes after a federal judge rejected Kraken’s bid to dismiss the case, which centers on claims that the platform operated an unregistered securities exchange.…