SEC
XRP Drops 5% as SEC Counters Ripple in Effort to Appeal Groundbreaking XRP Ruling
Ripple’s XRP token has dropped over 5% in the past 24 hours, falling below $0.50 for the first time since July 13. This comes as the Securities and Exchange Commission (SEC) has further argued the need for a mid-case appeal over the finer points of law in its dispute with Ripple. CoinDesk's global policy and regulation managing editor Nikhilesh De weighs in on the latest legal developments.
SOMA Finance Co-CEO: SOMA Token 'Has Been a Security Since Day 1'
SOMA.finance co-founder and co-CEO William Heyn discusses the differences between SOMA and the other tokens deemed as securities by the U.S. Securities and Exchange Commission (SEC). "SOMA's different because we built it to be complaint from day one...we never sat down and said how do we try and make the SOMA token not a security," Heyn said.
Crypto Firm LBRY to Challenge Ruling It Violated U.S. Securities Law
The blockchain-based file-sharing network had indicated it would be winding down after a New Hampshire court ruled in favor of the SEC last November.
Cathie Wood's ARK Invest Files for First Spot Ether ETF
The Ark 21Shares Ethereum ETF is the first attempt to list such a fund in the U.S. that directly invests in ETH, the second largest cryptocurrency by market capitalization.
Grayscale Fires Back at SEC; Coinbase Eyes Large Institutional Investors
"CoinDesk Daily" host Jennifer Sanasie takes a closer look at the hottest crypto stories today, including what Grayscale said to the SEC about wanting to convert its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund. Grayscale and CoinDesk are both owned by DCG. Coinbase is creating a new crypto lending service in the U.S. for institutional clients. And, an update on FTX founder Sam Bankman-Fried and his computer access ahead of his trial in October.
SEC Has 'No Grounds' to Reject Bitcoin ETF Conversion, Grayscale Says
The SEC was last week ordered to review its prior rejection of the conversion of the Grayscale Bitcoin Trust (GBTC), though not necessarily to approve it.
Stop Thinking About 'Wins' or 'Losses' in the Bitcoin ETF Debate
Grayscale's appeal shows that crypto innovation is an opportunity for the regulators as much as investors.
XRP Erases Nearly All July Gains in August: Kaiko
XRP, which is among the world’s largest tokens by market capitalization, has lost nearly all of its July gains in August, despite robust trade volume. Kaiko data shows Ripple's partial court win against the SEC in July sent XRP to a yearly high of 83 cents, but now prices are back down to levels before the ruling. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Ripple Pushes Back Against SEC's Attempt to Appeal Court Ruling
Ripple argued in a Friday filing that the U.S. Securities and Exchange Commission (SEC) hasn't made enough of a case to warrant an appeals court intervention in its ongoing legal fight with the crypto company. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down Ripple's arguments in the filings.
Fundstrat Strategist Outlines Three Major Risks That Could Possibly Halt a Crypto Rally
Bitcoin (BTC) continued its subdued start to the week, trading below $26,000 for the past 24 hours. This comes after the SEC delayed key ETF decisions that were expected on Friday, damping traders' hopes of a long-term recovery. Fundstrat Global Advisors Head of Digital Asset Strategy Sean Farrell discusses his crypto markets outlook and identifies three major risks for a possible downturn.
