Notably, Ripple announced it would drop its cross-appeal despite Judge Torres rejecting the settlement terms. If the SEC was willing to withdraw its appeal based on a ruling benefitting Ripple, the agency is unlikely to vote against dropping the appeal without the settlement. XRP has soared from $2.0692 to a July 11 high of $2.9727
LOS ANGELES, CALIFORNIA – FEBRUARY 11: Shaquille O’Neal attends Shaq’s Fun House presented by FTX at … More Shrine Auditorium and Expo Hall on February 11, 2022 in Los Angeles, California. (Photo by Frazer Harrison/Getty Images) Getty Images Shaquille O’Neal may have dominated on the basketball court, but his off-court moves in crypto haven’t aged
TLDR: 65 crypto founders urged lawmakers to pass the CLARITY Act for regulatory reform. The bill outlines roles for the SEC and CFTC to ensure oversight and innovation. Delays in regulation could push blockchain talent and jobs overseas. U.S. crypto leadership is at risk without clear and coordinated rules. Over 65 crypto company leaders have
A fresh wave of excitement has gripped the crypto community after Ripple CEO Brad Garlinghouse claimed that XRP could eventually surpass Bitcoin, boasting a future market cap of $640 trillion. In a recent interview, Garlinghouse stated XRP’s current price struggles to the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), which he
The crypto industry was one of the biggest spenders in the 2024 election cycle — and now it’s having quite the month on Capitol Hill. Last week the Senate passed a bipartisan bill called the GENIUS Act, which could lead to something called stablecoins being used by the likes of Bank of America and Amazon.
A recent enforcement action suggests a new approach to regulating cryptocurrency. The 2024 U.S. presidential election and recent judicial decisions have prompted a reevaluation of administrative authority within federal agencies. Recent U.S. Supreme Court decisions have signaled limits to regulatory overreach, a theme echoed in the 2024 district court decision in Securities and Exchange Commission
A former crypto executive has been tapped to serve as the director of trading and markets at the U.S. Securities and Exchange Commission (SEC). Jamie Selway, a veteran financial services executive, will begin serving in the role on June 17th, per a new press release from the regulator. SEC Chairman Paul Atkins says Selway will
The Senate Committee on Capital Market on Friday called on the Federal Government to regulate and formalise cryptocurrency trading in the country to protect investors and tap into Nigeria’s booming digital asset economy. Speaking during a media parley in Abuja, Chairman of the Committee, Senator Osita Izunaso, underscored the urgency of embracing digital finance, warning
A crypto exchange platform backed by the billionaire Winklevoss twins has submitted a confidential filing for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). In a press release, Gemini announces that it has sent a confidential draft registration statement to the regulatory agency related to the public offering of its
A Business Insider analysis of more than a decade’s worth of executive compensation data suggests that some corporate leaders could be enriching themselves by timing market-moving announcements around scheduled stock options grant dates. Stock options give an employee the right to buy company shares at a fixed “strike” price, normally set on the day the