The U.S. Securities and Exchange Commission (SEC) faces backlash over its shifting stance on crypto staking services, with critics claiming its new guidance contradicts previous court rulings. On May 29, the SEC’s Division of Corporation Finance suggested some staking offerings may not qualify as securities, potentially exempting proof-of-stake blockchains from registration. However, former SEC official John Reed Stark argues this interpretation conflicts with judicial findings in cases against Binance and Coinbase, where courts previously allowed allegations that staking products were securities. The discrepancy highlights growing confusion in digital asset regulation.
about SEC's Crypto Stance Sparks Legal ConfusionJohn Reed Stark
0 posts last weekSEC Dismisses Lawsuits Against Consensys and Coinbase Amid Regulatory Changes
The SEC has dismissed its lawsuit against Consensys, the developer of MetaMask, as well as a separate case against Coinbase. This decision follows the establishment of a new Crypto Task Force aimed at developing regulations for crypto assets, signaling a shift in the agency’s approach under new leadership. Consensys had faced allegations regarding unregistered securities related to its MetaMask Swaps service, but the company expressed relief at the resolution, allowing it to refocus on its core operations.
about SEC Dismisses Lawsuits Against Consensys and Coinbase Amid Regulatory ChangesSEC Closes Investigation Into Robinhood Crypto With No Enforcement Action
The SEC has closed its investigation into Robinhood Crypto without pursuing enforcement action, following a Wells notice issued in May 2024. Robinhood’s compliance head, Dan Gallagher, stated the investigation was unwarranted, emphasizing the company’s adherence to federal securities laws. This decision aligns with a broader trend of regulatory clarity in the crypto sector under the Trump administration, which has seen similar cases resolved favorably for other crypto entities.
about SEC Closes Investigation Into Robinhood Crypto With No Enforcement ActionPi Network Price Volatility and Ripple SEC Lawsuit Developments Recap
Pi Network’s token experienced significant volatility after its launch on February 20, trading at approximately $1.52 following a peak of $1.84 and a drop below $0.65. Meanwhile, the Ripple v. SEC lawsuit shows signs of nearing a settlement, with XRP’s price declining 16% to around $2.17 amid a broader market downturn. Recent developments suggest a potential positive shift for Ripple, as the SEC alters its approach towards the cryptocurrency industry.
about Pi Network Price Volatility and Ripple SEC Lawsuit Developments RecapSEC Closes Investigation Into Robinhood Crypto Without Taking Action
The U.S. Securities and Exchange Commission (SEC) has closed its nearly year-long investigation into Robinhood Crypto without taking enforcement action, informing the company on February 21. Robinhood had previously settled separate SEC claims for $45 million and maintained that its digital assets are not securities, criticizing the investigation as unnecessary. The SEC’s lack of clear definitions regarding digital assets continues to be a point of contention in the industry.
about SEC Closes Investigation Into Robinhood Crypto Without Taking ActionCoinbase Celebrates End of SEC Crackdown as Congress Prepares New Crypto Bills
Coinbase celebrates the end of the SEC’s crackdown as the agency pauses its enforcement actions and plans to review the crypto sector. With Congress considering key bills on stablecoins and market structure, the crypto industry anticipates a more favorable regulatory environment. However, security risks remain evident, highlighted by a significant $1.5 billion hack on Bybit.
about Coinbase Celebrates End of SEC Crackdown as Congress Prepares New Crypto BillsRemittix Emerges as Top Crypto Amid Uncertainty for Solana and XRP
Remittix has emerged as a leading cryptocurrency for cross-border payments, gaining attention as Solana and XRP face uncertain futures. While Solana’s price is predicted to decline due to reduced network activity, XRP shows mixed signals amid ongoing legal challenges with the SEC. Remittix, priced at $0.0628, offers a practical solution for international money transfers, potentially delivering significant returns as it connects crypto with real-world finance.
about Remittix Emerges as Top Crypto Amid Uncertainty for Solana and XRPXRP poised for significant gains amid legal developments and SEC leadership change
XRP is poised for a potential 60% gain, targeting $4, following a breakout from a symmetrical triangle pattern amid positive developments in its legal battle with the SEC. A recent court ruling has bolstered optimism, especially with leadership changes at the SEC, as incoming chair Paul Atkins may adopt a more favorable approach to crypto regulation. However, XRP must maintain its position above key support levels to sustain this bullish outlook.
about XRP poised for significant gains amid legal developments and SEC leadership change