Crypto lawyers are divided over the impact of a recent court

--・23 views

Crypto lawyers are divided over the impact of a recent court order denying the US Securities and Exchange Commission's (SEC) plan to file an interlocutory appeal against Ripple. Some legal experts see the decision as a significant win for Ripple, while others have urged caution. The ongoing proceedings involve the SEC's case against Ripple and its CEO Brad Garlinghouse and executive chairman Christian Larsen. The trial is scheduled for April 23, 2024, and if the SEC wishes to lodge an appeal, it will need to do so after the trial has concluded.

Crypto lawyers are divided over the impact of a recent court order denying the US Securities and Exchange Commission's (SEC) plan to file an interlocutory appeal against Ripple. Some legal experts see the decision as a significant win for Ripple, while others have urged caution. The ongoing proceedings involve the SEC's case against Ripple and its CEO Brad Garlinghouse and executive chairman Christian Larsen. The trial is scheduled for April 23, 2024, and if the SEC wishes to lodge an appeal, it will need to do so after the trial has concluded.

Отказ от ответственности: на платформе опубликованы материалы и мнения третьих лиц. Не является финансовой рекомендацией. Может содержать спонсируемый контент. См. Правила и условия.

Последние новости криптовалют

⚡️ Участвуйте в последних обсуждениях в криптомире

💬 Общайтесь с любимыми авторами

👍 Изучайте темы, которые вам интересны

Эл. почта/номер телефона

Связанные авторы

LIVE

BLOCKCHAIN NEWS

@BLOCKCHAIN_NEWS

Другие публикации автора

Australian fintech firm Block Earner has been spared from paying a hefty fine by the federal court, despite offering a crypto yield-bearing product without a financial services license. The court found that Block Earner had acted in good faith, having sought legal advice before launching the product. However, the company's CEO, Charlie Karaboga, noted the reputational damage and significant legal costs incurred. The Australian Securities and Investments Commission is currently reviewing the court's decision.

Dapper Labs, the company behind NBA Top Shot nonfungible tokens (NFTs), has agreed to a $4 million settlement in a class-action lawsuit. The suit alleged that Dapper Labs sold unregistered securities, but the settlement reaffirms that NBA Top Shot NFTs are not securities, according to CEO Roham Gharegozlou. The agreement also includes business changes to ensure the Flow blockchain's decentralization and an annual staff training program on federal securities laws. The settlement awaits approval from District Judge Victor Marrero.

E*Trade, the online brokerage platform, is reportedly contemplating removing Keith Gill, the GameStop (GME) meme stock trader known as "Roaring Kitty," over potential stock manipulation concerns. Gill's recent return to trading and his significant influence on the meme stock rally have raised eyebrows. However, E*Trade and its owner, Morgan Stanley, are wary of the potential backlash from removing Gill. The Securities and Exchange Commission and the Massachusetts Securities Division are also reportedly investigating Gill's activities. No final decision has been made yet.

Bitcoin exchange-traded funds (ETFs) from BlackRock and Fidelity have seen significant inflows this year, accounting for 26% and 56% of their total ETF inflows respectively. BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity's Wise Origin Bitcoin Fund (FBTC) have attracted $16.6 billion and $8.9 billion since their launch five months ago. However, Vanguard, which doesn't offer Bitcoin ETFs, leads with $102.8 billion in total ETF inflows in 2024. BlackRock's IBIT recently overtook the Grayscale Bitcoin Trust as the world's largest spot Bitcoin ETF, holding over $20 billion in Bitcoin.

Bitfarms, a major crypto mining company, experienced a 42% drop in revenue in May, the first full month after the Bitcoin halving event. The company's Bitcoin production fell from 263 BTC in April to 156 BTC in May, with the average amount of Bitcoin earned per unit of computational power also dropping by 45%. Bitfarms attributed the decline to the Bitcoin halving event, which reduced the mining subsidy, and unusually cold temperatures at its Argentina facility. Despite the setback, Bitfarms secured an additional 100 megawatts at its Paraguay site and has 16,200 Bitcoin miners en route to boost its hash rate.