SEC Financial News

The XRP price has gained by 1% in the past 24 hours, with its move to $0.468157 making it the best-performing top-100 cryptocurrency within the past week.

Brian Armstrong, the chief executive of American crypto exchange Coinbase, took to Twitter on 26 March to share his thoughts on the Wells notice that was issued by the U.S. Securities and Exchange Commission (SEC) last week.

The California-based CEO of Titanium Blockchain has been sentenced to four years of prison — putting an end to a 2018 initial coin offering (ICO) saga that stripped investors of $21 million. 

Ripple’s [XRP] performance has been subdued since the U.S. Securities and Commission [SEC] lawsuit in 2020. In fact, since the case, Bitcoin’s [BTC] subsequent price rallies haven’t pumped XRP like other altcoins. 

Ripple (XRP) is a cryptocurrency that powers real-time gross settlements on the XRP Ledger (XRPL) blockchain. Developed by David Schwartz, Arthur Britto and Mt. Gox founder Jed McCaleb in 2011, the XRPL was created to improve cross-border payments. The blockchain launched in June 2012 and the same year, financial technology firm Ripple Labs was founded by veteran Silicon Valley entrepreneur Chris Larsen and three developers.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Death and taxes are, as Benjamin Franklin famously declared, two of life's certainties.

The cryptocurrency market has been experiencing a choppy session lately, with both Bitcoin and Ethereum struggling to break out of their current price range. Investors and traders are closely monitoring the market for any signs of a potential breakout during the upcoming weekend.

With Coinbase seemingly on the verge of a court battle with the Securities and Exchange Commission (SEC), the firm has emphasized that the U.S. government’s hawkish approach to crypto regulation has “left a vacuum that other countries are eager to fill.’

Tether has expressed optimism about its profits in Q1, especially now that March is approaching its conclusion. The demand for USDT surged in during the quarterly period for numerous reasons but the road ahead might have some bumps.

For over two years, Ripple [XRP] has been locked in a lawsuit with the SEC, led by Gary Gensler. At several points within this period, rumors have flown around that a judgment was near. Unfortunately, none of these reports eventually passed as reality.

Although associated with the DeFi movement, SushiSwap’s [SUSHI] recent escapades have reeked of adversity with the U.S. SEC knocking on its doors.

The Securities and Exchange Commission (SEC) has warned investors of an alleged danger posed by crypto assets, saying those offering such investments may not comply with US securities laws.

Cathie Wood’s investment firm, ARK Invest, bought 268,928 Coinbase [BASE] shares worth $17.88 million on 24 March through its ARKK Innovation and ARKW Next Generation Internet exchange-traded funds.

CNBC's recent investigation has dropped a bombshell, Binance employees may be actively assisting Chinese users in eluding the country's rigid crypto regulations.

The XRP price has dropped by 3% in the past 24 hours, falling to $0.428988 as the cryptocurrency market responds to news of yet another rate hike from the Federal Reserve yesterday.

The latest victim of the SEC’s continuous crackdown on multiple exchanges may be Algorand [ALGO]. According to a recent notification, ALGO stakes will no longer be eligible for incentives from Coinbase.

Lohan, rapper Akon and several other celebrities have agreed to pay tens of thousands of dollars to settle claims they promoted crypto investments to their millions of social media followers without disclosing they were being paid to do so. Lohan, Akon, recording artists Ne-Yo, and Lil Yachty, boxer and internet personality Jake Paul, and adult film performer Michele Mason all agreed to pay more than USD 400,000 combined in disgorgement, interest and penalties to settle the claims, the Securities and Exchange Commission said Wednesday. None admitted or denied the SEC's findings as part of the settlement. Two other celebrities named in the SEC's complaint, rapper Soulja Boy and pop singer Austin Mahone, did not reach a settlement with the SEC, the agency said. In response to a request for comment, Lohan's publicist Leslie Sloane said the actress was contacted in March 2022, was unaware of the disclosure requirement, and agreed to pay a fine to resolve the matter.

Cathie Wood’s Investment Management firm Ark Invest has gone back to buying Coinbase shares again, just a day after the COIN’s stock price dipped amid news of its Wells notice. 

The United States' crackdown on cryptocurrencies and firms will only serve to stifle crypto-related innovation and “weaken” the country, said industry pundits in the wake of Coinbase's recent Wells notice.

Brian Armstrong, the CEO of United States-based cryptocurrency exchange Coinbase, has renewed calls for crypto users to “elect pro-crypto candidates.”