The regulator’s second legal action against an NFT collection seemingly targets any use of blockchain technology by artistic endeavors, casting a shadow of uncertainty over all such projects.
The regulator’s second legal action against an NFT collection seemingly targets any use of blockchain technology by artistic endeavors, casting a shadow of uncertainty over all such projects.
The Ripple vs SEC case is sadly still far from being settled. In mid-August the judge granted the SEC's request to file an interlocutory appeal, although Ripple now claims the regulator has failed to satisfy all the prerequisites necessary to justify this.
The regulator had previously outright rejected Grayscale’s application to convert its Bitcoin Trust into a Bitcoin ETF. The court of appeals ruled that this decision was wrong, with the judge calling the SEC’s actions “arbitrary and capricious.”
Coinbase has moved to have the SEC lawsuit against it dismissed, arguing simply that it does not trade securities. But as it launches its own Ethereum L2 network, we are getting mixed messages over crypto’s worth and whether or not the SEC asked it to delist all tokens but bitcoin.
On Monday, online payments processor PayPal announced the launch of its long-promised dollar-pegged stablecoin. The token was originally expected in Q1 2023, but was delayed following an SEC notice against issuing partner Paxos.
Last week various crypto-related legislations were discussed and endorsed in the U.S., including an amendment to the 2024 National Defense Authorization Act which tightens regulation of anonymity-enhancing crypto assets.
