Former SEC official predicts regulator 'will lose on the merits' of case agai...
Joseph Hall believes that the SEC is not yet equipped to handle litigation in cases concerning cryptocurrencies as securities yet, making it hard to win the case against Ripple. A former executive from the Securities and Exchange Commission believes the regulator has a good chance of losing its $1.3 billion lawsuit against Ripple “on the merits” of the case.Attorney Joseph Hall also voiced concerns over what the SEC’s endgame could be regarding the high-stakes case against Ripple (XRP), which will have ramifications for the entire industry. The lawsuit alleges that the company and its....
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The Ripple case versus the Securities and Exchange Commission (SEC) could have an unexpected result, according to a report from Fox journalist Eleanor Terrett. The legal battle started almost two years ago, in December 2020, and the regulator seemed like the clear winner. Related Reading | SEC Will Lose Lawsuit Against Ripple, Former SEC Official […]
The financial regulator admits it’s high time to shift the focus from the KYC/AML issues to more nuanced risks, poised by stablecoins. The Monetary Authority of Singapore (MAS), a city-state’s principal financial regulator, assesses the merits of a regulatory regime toward stablecoins. Current guidelines focus on Know Your Customer (KYC) and Anti-Money Laundering (AML) issues and do not reflect the specific risks to which the stablecoins are entitled. On Monday, the MAS official portal published a written response by the regulator’s head, Tharman Shanmugaratnam, to a question posed by one....
In December 2020, the US Securities and Exchange Commission filed a lawsuit against Ripple and its chief executives, Brad Garlinghouse and Chris Larsen. According to the SEC, Ripple traded $1.3 billion in their cryptocurrency XRP as a security without notifying the commission. Ripple and other parties have now rebutted the watchdog’s judgment with claims of […]
SEC Commissioner Hester Peirce says that the regulator should have approved a bitcoin exchange-traded fund (ETF) in the U.S. a long time ago. She emphasized that it is not the SEC’s job to approve or reject applications based on the merits of the underlying investment itself. “People should make their own decisions” whether to buy bitcoin, said the commissioner. SEC Commissioner Wants Bitcoin ETF Approved A commissioner with the U.S. Securities and Exchange Commission (SEC), Hester Peirce, talked about the prospects of the SEC approving a bitcoin exchange-traded fund....
Thailand’s securities regulator recently said it had referred digital asset service provider Zipmex and its Thai unit chief executive officer, Akalarp Yimwilai, to a technology crime division of the Royal Thai Police. The regulator said it made decision after Yimwilai and his company failed to comply with the request to furnish an official with information relating to customers’ digital wallets.
Zipmex Fails to Share Details on Transfers and Withdrawals on Its Platform
Thailand’s Securities and Exchange Commission (TSEC) said it has referred Zipmex and the....