One of the longest running legal cases impacting crypto’s regulatory future is potentially nearing resolution. The case, between cryptocurrency company Ripple Labs and the U.S. Securities and Exchange Commission (SEC), centers around whether Ripple’s XRP token is a security and has gone through several iterations since its 2020 start. On Wednesday (Aug. 7), the scales of justice fell
DL News viewed the first page of a subpoena. The SEC issued similar subpoenas to at least two other crypto VCs. “It’s a natural additional enforcement area,” said a securities attorney. The US Securities and Exchange Commission has subpoenaed at least three crypto venture capital firms this year, according to a source familiar with the
Ontario’s self-described Crypto King will likely remain bankrupt until criminal fraud and money laundering charges are resolved against the 25-year-old. Justice William Black dismissed Aiden Pleterski’s application for a discharge from his nearly two-year-long bankruptcy in a ruling released Thursday. “Mr. Pleterski’s conduct warrants an emphasis on public protection and accountability,” wrote the Ontario Superior
If former President Donald Trump wins reelection, he will have power to set policies that affect the values of crypto, oil, and venture capital. His vice presidential pick, J.D. Vance, has financial interests in all three. In 39-year-old Vance, Trump picked a young populist with connections to Silicon Valley rather than a traditional big-business conservative.
If you buy an annuity in a rollover individual retirement account a few months from now, you might get a better deal on it. That’s because your insurance agent will be required to act as a fiduciary in your best interest. It’s just one of the changes in a new Department of Labor rule set
Ranked No. 3 on Barron’s 2023 list of top RIA firms, Overland Park, Kan.-based Creative Planning has grown to become one of the nation’s largest RIAs. Established in 1983, Creative Planning had all of $100 million in assets in 2004. Thanks to organic growth, and more recently, an emphasis on dealmaking, the firm today manages
Bitcoin and other cryptocurrencies were rising early on Monday but the sector still faces headwinds going into the second half of the year. Bitcoin was up 4.1% over the last 24 hours to $63,311. That means the largest cryptocurrency has largely recouped the losses that came after last week’s news that the trustee of Mt. Gox,
Bitcoin and other cryptocurrencies were rising early Friday. Solana was the standout gainer, after the first U.S. application was filed for a spot exchange-traded fund tied to the cryptocurrency. Bitcoin was up 1.3% over the past 24 hours to $61,519. The largest cryptocurrency has fallen from levels of around $64,000 after news on Monday that
While the media and sell-side analysts are preoccupied with Nvidia , Microsoft and Apple jockeying for the top market cap, the smart money’s been selling tech and internet stocks. That’s what Goldman Sachs reports, in the latest readout from the prime services unit that caters to the broker’s hedge fund clients. The June report from
NEW YORK, June 01, 2024 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Biogen Inc. (“Biogen” or the “Company”) (NASDAQ: BIIB) in the United States District Court for the District of Colorado on behalf of all persons