XRP gains legal clarity in US after Ripple settles SEC case
Settlement confirms XRP is not a security in the US. Analysts see potential for a BlackRock XRP ETF. Bitcoin maximalists renew criticism of XRP. Ripple’s multi-year legal battle with the…
Stellar (XLM) eyes 35% rally as Ripple and SEC end 5-year legal battle
Ripple Labs and the regulator jointly withdrew their respective appeals. The resolution has bolstered sentiments across the industry. XLM has breached a crucial resistance, hinting at continued rallies. Digital tokens…
Pump.fun token auction delayed again amid legal pressure, social media ban
The planned raise, originally targeting $1 billion at a $4 billion valuation, has been pushed to mid-July. Social media platform X suspended Pump.fun and the founder’s accounts on 16 June.…
Coinbase helps bust $20 million spoofing scheme amid legal scrutiny
Coinbase refused to pay a $20 million ransom after a separate data breach. A class-action lawsuit accuses Coinbase of withholding key risk information. The FCA fined Coinbase $4.5 million for…
Binance and SEC file joint motion pausing legal case for 60 days
FOX Business journalist Eleanor Terrett believes it could open the door for other companies facing SEC lawsuits The SEC sued Binance and its former CEO, Changpeng Zhao, in 2023 for…
Kraken appoints former Paxos executive as its new chief legal officer
Kraken has appointed former Global General Counsel as legal chief The exchange recently gained an EU MiFID license for regulated trading With the new legal chief, Kraken aims to navigate…
Coinbase faces legal setback as judge allows shareholder lawsuit to proceed
Judge allows parts of Coinbase’s shareholder lawsuit to proceed on negligence claims. Plaintiffs allege Coinbase misled about regulatory risks; some claims dismissed. Coinbase remains confident and committed to defending against…
CoinSwitch takes legal action against WazirX
CoinSwitch sues WazirX over $9.7M in stuck assets after a $230M cyberattack. WazirX seeks a 30-day moratorium to restructure and address frozen withdrawals. WazirX has allowed partial INR withdrawals, but…
South Korea allegedly calls on Interpol for Do Kwon’s extradition amid legal twists
According to local news, South Korea is now seeking Interpol’s help for Do Kwon’s extradition from Montenegro. Terra co-founder has successfully appealed the high court extradition orders severally. Montenegrin court…
SEC opposes Terraform’s $166M Dentons retainer amid legal battle
SEC legal battle with Terraform Labs over TerraUSD collapse continues to unfold. Funds allegedly diverted from investors and creditors to an “opaque slush fund” for lawyers. Terraform Labs faces intensified…