{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Coinbase achieved a partial legal victory as the U.S. Court of Appeals for the Third Circuit ruled that the SEC's rejection of its 2022 petition for clearer crypto regulations was "arbitrary and capricious." The court ordered the SEC to provide a more detailed justification for its decision but did not require the creation of new rules for digital assets. This ruling highlights ongoing scrutiny of the SEC's enforcement-heavy approach, which has faced criticism for lacking clear regulatory guidelines in the rapidly evolving crypto industry. In a related case, Gemini Trust Company LLC was fined $5 million for misleading the CFTC, underscoring the regulatory pressures on crypto firms. The ruling also coincides with anticipated changes in SEC leadership, which may lead to a more favorable stance towards digital assets.
A Florida federal court has ordered Mosaic Exchange Ltd. and CEO Sean Michael to pay over $1.1 million for a fraudulent digital asset trading scheme that deceived investors from February 2019 to June 2021. The court found them liable for false claims about assets and trading performance, leading to penalties including restitution to defrauded customers and a civil penalty. The ruling permanently bars them from CFTC registration and trading in regulated markets.
A federal appeals court has ruled in favor of Coinbase, criticizing the SEC's refusal to clarify its cryptocurrency regulations as "arbitrary and capricious." The court has ordered the SEC to justify its stance, particularly regarding the classification of digital assets as securities under the Howey Test. Meanwhile, Gemini Trust Company faces a $5 million penalty for providing misleading information to the CFTC, highlighting ongoing regulatory challenges in the crypto industry.
Gemini Trust Company LLC
Companies
Coinbase Global, Inc.
Gemini Trust Company LLC
USA
Stephanos Bibas
Jaime Lizárraga
Paul Grewal
Gary Gensler
Thomas Ambrosius
Show more
08:40 14.01.2025
United States Dollar
Gemini Trust Company LLC
USA
Shawn Michaels
Cameron Winklevoss
Tyler Winklevoss
Show more
08:12 14.01.2025
Coinbase Global, Inc.
Gemini Trust Company LLC
USA
Stephanos Bibas
Paul Grewal
Katherine Failla
Show more
21:36 13.01.2025
Trending
Subcategory:
Cryptocurrency Markets
Stock Market Updates
Cryptocurrency Trends
Central Bank Actions
Cryptocurrency & Blockchain Regulations
Market Sentiment Analysis
Inflation Rates & CPI Data
Corporate Responsibility & ESG
Decentralized Finance (DeFi) Innovations
Banking Regulations
SEC & Financial Compliance
Cryptocurrency Regulations
Tokenomics and Crypto Economics
Blockchain Technology Adoption
Mergers & Acquisitions
Market Analysis and Predictions
Anti-Money Laundering (AML) Regulations
Real Estate Investments
Cryptocurrency Developments
Banking & Investment Regulations
Countries:
Companies:
Currencies:
People:
Coinbase Global, Inc.
JPMorgan Chase & Co.
Solana USD
Ripples USD
Apple Inc.
MicroStrategy Inc
BlackRock, Inc.
NVIDIA Corporation
Bitwise Bitcoin ETF
Grayscale Litecoin Trust
Chainlink USD
VanEck Vietnam ETF
Intesa Sanpaolo
KB Home
Wells Fargo & Company
Ethereum USD
Kraken Energy Corp.
Coinbase Global Inc
The Goldman Sachs Group, Inc.
Tether USDt CNY
United States Dollar
Euro
Swiss Franc
Chinese Yuan
British Pound Sterling
Canadian Dollar
Indian Rupee
Japanese Yen
Hong Kong Dollar
Thai Baht
Australian Dollar
South Korean Won
Swedish Krona
Danish Krone
Mongolian Tögrög
Indonesian Rupiah
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.