Ripple General Counsel Trolls SEC Case, Compares It to Spy Balloon Shot Down by US Military
Alderoty expresses confidence in Ripple’s defense.
Activision Blizzard Pays $35 Million SEC Fine for Disclosure Control, Whistleblower Violations
Activision Blizzard agreed to pay a $35 million fine from the Securities and Exchange Commission for its failure to maintain disclosure controls and whistleblower violations stemming from allegations of workplace misconduct.
Judge Asks SEC to “Take Responsibility” for Not Providing Clarity for Crypto
Deaton shared more details about the final hearing between LBRY and the SEC.
Deaton Says SEC Could Sue Elon Musk if He Allows Only DOGE Payments on Twitter
Deaton believes such an outcome would not be unreasonable under the current SEC regime.
Judge Rules Secondary Sale of LBC Does not Classify as Security in SEC vs LBRY Appeal
The judge in a case brought by the U.S. Securities and Exchange Commission (SEC) against decentralized publishing platform LBRY Inc. ruled that the secondary sale of the LBRY Credits cryptocurrency, or LBC, does not qualify as the sale of a security. The ruling came in a Jan. 30 appeal filed by the SEC, reportedly to seek an injunction to prevent secondary sales. Deaton cited a paper by attorney Lewis Cohen that examined all the security lawsuits in the U.S. since the creation of the Howey Test. The paper showed that no court acknowledged an underlying asset as a security. (forkast)
Judge Clarifies That Security Injunction in LBRY v. SEC Case Was Only for Direct Sale
A New Hampshire district court judge has clarified that a security injunction ruled earlier in the legal battle between the United States Securities and Exchange Commission (SEC) and decentralized content-sharing and publishing platform LBRY applied only to direct sales of the project’s tokens.
SEC Settles on Security Claim in LBRY Case, Community Calls It a Big Win for Crypto
The United States Securities and Exchange Commission (SEC) admitted on record that the sale of LBRY tokens in the secondary market doesn’t constitute a security. The settlement came during an appeal hearing in the LBRY vs. SEC case on Jan. 30.
SpendTheBits is a Model Example Of Flaw With SEC Lawsuit, Says Deaton
Attorney John E. Deaton has asserted that the Bitcoin payments app based on the XRP Ledger, SpendTheBits, represents all that is wrong with the US Securities and Exchange Commission’s case against Ripple.
Philippines Securities Regulator Seeks Comment on Draft Crypto Rules
The Securities and Exchange Commission of the Philippines is consulting the public on draft enforcement rules targeting crypto under a broad consumer protections law.
Big Banks Eyeing Ripple Court Case as XRP Price Holds Onto Gains
Ripple investors and XRP holders are not the only ones with a keen eye on the ongoing battle with the U.S. Securities and Exchange Commission. Big banks are also taking a keen interest.
