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SEC

SEC Declares Covered Stablecoins Like USDT and USDC Are Not Securities

In a significant regulatory development, the U.S. Securities and Exchange Commission (SEC) has officially declared that certain stablecoins, including leading tokens like Tether (USDT) and USD Coin (USDC), are not...
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Nigerian SEC Proposes New Regulations for Crypto Influencers: Violators Face Up to 3 Years in Jail

The Nigerian Securities and Exchange Commission (SEC) has introduced a proposed regulation targeting cryptocurrency influencers who promote fraudulent crypto projects. Under the new rule, all cryptocurrency platforms and Virtual Asset...
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Binance and CZ Move to Dismiss SEC’s Amended Complaint, Criticize Regulatory Ambiguity

Binance, alongside its founder Changpeng Zhao (CZ), filed a new motion on November 4, 2024, seeking to dismiss the U.S. Securities and Exchange Commission’s (SEC) amended complaint. In their response,...
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Ripple CEO Brad Garlinghouse Vows to Fight SEC Appeal in Court

Ripple Labs CEO Brad Garlinghouse has pledged to continue battling the U.S. Securities and Exchange Commission (SEC) in court following the regulator’s announcement of its intent to appeal a district...
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SEC Secures Partial Victory Against Opporty International in ICO Fraud Case

The United States Securities and Exchange Commission (SEC) has achieved a significant milestone in its ongoing legal battle with blockchain firm Opporty International and its owner, Sergii Grybniak, who are...
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SEC Set to Enforce Regulations on Unregistered Crypto Exchanges in Nigeria

The Nigeria’s Securities and Exchange Commission (SEC) has announced its intention to begin enforcement actions against individuals and business entities, including cryptocurrency exchanges, that operate outside its regulatory framework according...
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SEC Sues Consensys Over Unregistered Securities via MetaMask

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ethereum software provider Consensys on Friday, alleging that its MetaMask service operated as an unregistered broker and facilitated the...
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Nigerian SEC Unveils Accelerated Program for Virtual Assets Service Providers

The Nigerian Securities and Exchange Commission (SEC) has announced a new initiative to expedite the registration process for Virtual Assets Service Providers (VASP) within the country. This program, unveiled on...
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Coinbase Receives Strong Support in Legal Battle Against SEC

Coinbase’s Chief Legal Officer (CLO), Paul Grewal, expressed gratitude towards the Blockchain Association and Attorney John Deaton for their unwavering support as amicus curiae in the exchange’s ongoing legal feud...
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Terraform Labs Implements Restrictions on US Users Amid Legal Battle with SEC

In response to an impending court order stemming from its legal skirmish with the US Securities and Exchange Commission (SEC), blockchain company Terraform Labs has announced plans to limit access...
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