SEC Financial News

Judge Analisa Torres issued a verdict on Thursday saying that US fintech company Ripple Labs did not break federal securities law via its sales of XRP on public exchanges, a huge victory for the firm that sent the price of XRP shooting higher.

A small broker-dealer based in Scottsdale, Arizona, that sold bonds issued by the bankrupt GWG Holdings Inc. is closing down.

The SEC announced Thursday it has charged a previously registered broker with stealing approximately $3 million from clients, some of whom were elderly or disabled.

The former CEO of bankrupt crypto lender Celsius Network Ltd., Alex Mashinsky, has been charged with fraud by the U.S. Department of Justice (DoJ) and sued by three regulatory agencies over the company's collapse.

Cardano (ADA), the cryptocurrency that powers Cardano’s high-performance smart contract-enabled layer-1 blockchain protocol, just broke above the key $0.31 resistance level and is up close to 10% on Thursday.

XRP, the cryptocurrency that powers the XRP Ledger launched by US fintech company Ripple back in 2012, just saw a huge price pump.

By Jody Godoy

Alex Mashinsky, the former chief executive of Celsius Network Ltd., was accused by prosecutors of orchestrating a years-long scheme to mislead customers about the financial health of his failing crypto lender and manipulate cryptocurrency prices for his own profits. 

State Election Commission (SEC) has announced repolling in 20 Panchayat Constituencies today. But, the date of re-polling is yet to be announced. Constituencies which will undergo re polling as per the SEC notification are 15 in Howrah’s Sankrail, one in Singur and four in North 24 Parganas district’s Habra. In order to investigate the violence during panchayat polls, a five-member Fact Finding team went to Raj Bhawan to meet Governor C V Anand today and visited South 24 Parganas district’s Basanti to met the victims of poll violence. Governor and Chief Secretary H K Dwivedi held separate meetings with senior BSF officials today to discuss the ongoing situation in the state. In order to curb violence, it was decided that there will be three nodal officers in every district-Police Superintendent, District Magistrate and a BSF Nodal officer. Following BSF’s decision to keep one nodal officer in every district, BSF will soon share the numbers of the nodal officers in each district.

Ripple Labs scored a victory in the United States District Court in the Southern District of New York on July 13 as Judge Analisa Torres ruled in favor of the company in a case brought forth by the Securities and Exchange Commission dating back to 2020.

Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a US prosecutor in New York said Thursday morning, as three federal regulatory agencies sued him and his company. Mashinsky, 57, was charged with seven criminal counts — including securities fraud, commodities fraud and wire fraud — while Celsius' former chief revenue officer, Roni Cohen-Pavon, was charged with four criminal counts, according to the indictment, which was unsealed on Thursday.

The XRP price has remained flat in the past 24 hours, with its current level of $0.47323 representing a small 1% dip in the last seven days.

The United States’ Securities and Exchange Commission (SEC) is reportedly taking action against Celsius Network, one of the cryptocurrency lending firms that collapsed in 2022.

The former chief executive officer  of now-bankrupt crypto lender Celsius, Alex Mashinsky, was reportedly arrested on the morning of July 13. The news broke out minutes after the United States Securties and Exchange Commission (SEC) filed a lawsuit against the crypto lender on the same day.

Republicans and Democrats took shots at each other in a heated hearing on ESG Wednesday, with both sides accusing the other of being anti-capitalist on the topic of investing.

It is a matter of when, not if, a spot Bitcoin (BTC) exchange-traded fund (ETF) is created, argued Grayscale InvestmentsCEO Michael Sonnenshein.

An alliance of industry watchdogs based in the United States has united to express opposition to a proposed draft bill on the crypto market structure by the United States House Financial Services Committee.

According to a report by ARK Investment, in June 2023, Bitcoin experienced a resurgence in institutional sentiment, with the supply of Bitcoin that had remained unmoved for at least a year reaching an all-time high of approximately 70% of the circulating supply. This development suggests a strong holding pattern among Bitcoin investors, a trend that is likely to impact the cryptocurrency's future trajectory.

Investing.com — President Joe Biden will likely see to it that America’s heavily-drawn oil reserve is refilled although he might require another term of office to finish the task, Energy Secretary Jennifer Granholm said Wednesday.

United States Sens. Cynthia Lummis and Kirsten Gillibrand will reintroduce legislation aimed at establishing a comprehensive regulatory framework for digital assets.

A pre-motion hearing set to take place on July 13 between the Securities and Exchange Commission (SEC) and crypto exchange Coinbase should provide a sense of the litigation tone and its potential impacts on the broader crypto industry, legal sources told Cointelegraph.