BNY Mellon Enters Crypto Custody! SEC Approves Broader Digital Asset Services
TL;DR The SEC approves BNY to offer digital asset custody. The structure of the Bank of New York could be applied beyond Bitcoin and Ethereum ETFs.
SEC (Latest Publications)
TrustToken and TrueCoin Pay $700K to Settle SEC Claims of Investor Fraud
TL;DR Fraudulent Claims: TrustToken and TrueCoin falsely marketed TrueUSD (TUSD) as fully backed by U.S. dollars while investing in a risky offshore fund. SEC Settlement: Both companies
Terraform Labs Shut Down! Co-Founder Do Kwon Ordered to Pay $110M to Defrauded Investors
TL;DR Terraform Labs Shutdown: Terraform Labs, the company behind Terra (LUNA) and TerraUSD (UST), has received court approval to wind down operations after a $40 billion
The SEC Strikes Again! New Tokens Targeted in the Binance Lawsuit: AXS, Filecoin, Cosmos and More
TL;DR The SEC expands its lawsuit against Binance, now classifying tokens such as Axie Infinity (AXS), Filecoin (FIL), and Cosmos (ATOM) as unregistered securities. Binance and
Grayscale Launches XRP Trust, Paving the Way for Potential ETF Approval!
TL;DR Grayscale has launched the XRP Trust, the first closed-end XRP trust in the U.S., targeting accredited investors interested in gaining direct exposure to Ripple’s token.
VanEck Defies the SEC: Solana ETF Pushes Ahead Despite Regulatory Roadblocks
TL;DR VanEck is pushing forward with its Solana ETF despite significant regulatory challenges from the SEC, which has been cautious about approving cryptocurrency ETFs due to concerns
End of Mango Markets? SEC Settlement Includes Fines and Token Elimination
TL;DR Mango Markets is considering a settlement with the SEC involving fines, destruction of MNGO tokens, and delisting the token from exchanges. Community support is strong, with
XRP Soars 20% After Ripple’s Big Victory over the SEC: How Far Can It Go?
TL;DR Ripple’s Legal Victory: After four years of court battles, Ripple has won its case against the SEC, with Judge Annalisa Torres ruling that XRP is
Ripple Unveils New Details About Upcoming RLUSD Stablecoin: Here is What You Need to Know
TL;DR Ripple will launch a new stablecoin called Ripple USD (RLUSD), pegged to the US dollar and issued on XRP Ledger and Ethereum. RLUSD promises high
XRP Skyrockets to Highest Price Since March: Here Are the Reasons!
TL;DR XRP’s Remarkable Month: XRP is ending July on a high note, achieving its best performance this year. Real-time market data shows XRP trading at $0.6492,
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