Discover Fenwick's key takeaways in crypto litigation, from SEC v. Coinbase to DOJ's sentencing of Binance's CEO. https://ow.ly/1NiV50SFHHV #crypto #sec #litigation
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SEC Vs. Coinbase Legal Battle Sets Precedent for Crypto Future In a riveting courtroom drama, the SEC and Coinbase faced off in a landmark hearing on January 17, 2024. The focal point of contention revolves around the SEC's claim that 12 listed tokens qualify as securities under the Howey Test, countered by Coinbase's robust defense, challenging the very nature of these tokens and their potential exemption from SEC regulation. In this video, Meet Kevin delves into the intricacies of this legal battle, which could reshape the regulatory landscape for cryptocurrencies. FIND OUT MORE: https://buff.ly/3SvBFUs #secvscrypto #cryptoregulation #cryptocompliance #legalcrypto Ayla Kremb
SEC vs Coinbase Lawsuit **MASSIVE DECISION for Crypto**
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What does Ripple's partial victory in court mean for the U.S. Securities and Exchange Commission's approach to crypto in 2024? "I think we're going to see more of what people call regulation by enforcement from the SEC," Renato Mariotti, partner at Bryan Cave Leighton Paisner LLP, says. We can expect the SEC "fighting in court not criminal cases but civil cases against companies, legitimate companies, that are actually interested in being compliant and trying to figure out what regulatory framework would be," he adds. Watch more on "First Mover": https://lnkd.in/gFxJEZ5y #regulations #judicialaction #cryptonews #analysis #cryptoregulations
What Ripple's Court Win Means for SEC's Approach to Crypto in 2024
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Coinbase Slugs It Out With U.S. SEC in Effort to Get Key Crypto Question Answered ➡️ Read All : https://lnkd.in/eKr5nfyx Coinbase is trying to get a higher court to take a look at a question at the heart of its legal dispute with the Securities... [...] #Coinbase #SEC #DigitalAssets #InvestmentContract #LegalDispute #Crypto #Legal #NBTC
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Manager @ Deloitte | Vanderbilt Professor | Former NASA Fellow | Veteran | Recovering Entrepreneur (2x): AI, Digital Twins, Complex Systems, Defense
Ripple's legal saga with the SEC has reached an end (unless the SEC appeals...). Stuart Alderoty, Ripple’s Chief Legal Officer, discussed the outcome and what lies ahead in a CNBC interview: ➡️ SEC’s Lawlessness: The court criticized the SEC for not showing “faithful allegiance to the law,” with Alderoty noting another case where a federal judge sanctioned the SEC for "outright fraudulent misrepresentations to the court." ➡️ Victory with a Cost: Although the court ruled XRP isn’t a security, Ripple must pay a $125M fine—94% less than what was sought. ➡️ Forward Focus: Ripple is partnering with the UAE and testing the $RUSD stablecoin, turning this win into momentum for the industry. Alderoty emphasized, “We defended this case on behalf of the entire crypto industry,” paving the way for companies navigating the rapidly changing legal environment. 💼 #Ripple #XRP #SEC #CryptoRegulation #Blockchain
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U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales are Securities Transactions ➡️ Read All : https://lnkd.in/dH_2cpjY Trading of certain crypto assets on a secondary market, such as Coinbase, are securities transactions, a U.S. court ruled on Friday. The court took this... [...] #CryptoSecurities #InsiderTrading #Coinbase #SECRegulation #CourtRuling #Crypto #Legal #NBTC
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Ripple v. SEC: Pivotal Filing Countdown Begins ➡️ Read All : https://lnkd.in/e92nsfC6 In the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Ripple is gearing up to file a crucial reply... [...] #RippleLabs, #SEC, #CryptoLawsuit, #XRPSales, #RemediesBriefing, #Crypto, #Legal, #NBTC
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CoinRoutes CEO Slams SEC’s Crypto Overreach, Supports GOP Resolution ➡️ Read All : https://lnkd.in/e5ai855J CoinRoutes Chair Dave Weisberger blasted those who claim the SEC’s actions are protecting crypto investors, calling the view “backward” and branding those who agree with... [...] #SEC #CryptoInvestors #DigitalAssets #SAB121 #CoinRoutes #Crypto #Legal #NBTC
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🔍 **Ripple Case Verdict: Major Developments** A federal judge has fined Ripple $125 million and issued a ban on future securities law violations, marking a significant chapter in the long-running case with the SEC. This decision emphasizes the importance of compliance with federal securities laws and could have lasting implications for Ripple and the broader crypto industry. 💡 **What This Means:** - **Financial Penalty:** Ripple faces a hefty fine as part of the ruling. - **Compliance Mandate:** A ban on future securities violations reinforces the need for adherence to regulatory standards. Stay updated as this story develops and consider the potential impacts on the crypto landscape. #Ripple #SEC #CryptoNews #Regulation
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Founder & CEO of MicroTechnology | CyberSecurity Consultant | DevSecOps Specialist | Free and Accepted Mason
🔍 **Ripple Case Verdict: Major Developments** A federal judge has fined Ripple $125 million and issued a ban on future securities law violations, marking a significant chapter in the long-running case with the SEC. This decision emphasizes the importance of compliance with federal securities laws and could have lasting implications for Ripple and the broader crypto industry. 💡 **What This Means:** - **Financial Penalty:** Ripple faces a hefty fine as part of the ruling. - **Compliance Mandate:** A ban on future securities violations reinforces the need for adherence to regulatory standards. Stay updated as this story develops and consider the potential impacts on the crypto landscape. #Ripple #SEC #CryptoNews #Regulation
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On this day before Thanksgiving, I had the chance to talk with the CNBC SquawkBox hosts Andrew Ross Sorkin and Becky Quick about what the guilty pleas of #Binance and its CEO CZ Zhao mean for the crypto industry. Despite the unprecedented fine of over $4 billion that Binance will pay, this is a good deal for the government and for Binance and CZ. The government avoids the huge time and effort that pursuing these criminal charges would require. The government also got CZ's consent to up to 18 months of prison time, which it otherwise would not necessarily get (since CZ is a resident of the United Arab Emirates which does not have an extradiction treaty with the US). Binance puts a monitor in place for three years to get its regulatory house in order (particularly anti-money laundering procedures and know-you-customer procedures that will detect and stop illegal transactions). CZ gets the freedom to travel to the US once he has served whatever sentence he is given and to return to Binance after three years. This is what a settlement (plea deal) means - nobody gets everything they might get if they went to trial but everyone gets something.
Fmr. SEC enforcement chief: There was a lot of 'casualness' in crypto about complying with the law
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