SEC

In a recent development that has sent ripples through the cryptocurrency community, Mayur Kamat, the Global Head of Product at Binance, has confirmed his departure from the leading crypto exchange. This move marks the latest in a series of high-profile exits from the company, raising questions about the platform's internal dynamics and future trajectory. Mayur Kamat's tenure at Binance spanned nearly two years, during which he played a pivotal role in the platform's product development and strategy. In a statement…

Ripple, the San Francisco-based blockchain startup, has recently emerged victorious from a landmark ruling that determined its cryptocurrency, XRP, was not inherently a security. This decision has sparked a wave of optimism within the company. Ripple expects U.S. banks and other financial institutions to show increased interest in adopting XRP for cross-border payments. The SEC Case and Its Outcome Ripple has been embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC) for the past three years.…

XRP, the digital asset that powers some of Ripple Labs' payment and exchange network services, has been under scrutiny recently due to an ongoing lawsuit with the US Securities and Exchange Commission (SEC). Despite these legal troubles, experts predict growth for XRP by the end of 2023, with estimates suggesting a price of around $0.50 to $0.54​. In December 2020, the SEC filed a lawsuit against Ripple, claiming that its sale of XRP was an unregistered securities offering. This event…

According to the U.S. Securities and Exchange Commission (SEC), Binance and Coinbase are facing charges for operating as unregistered exchanges, broker-dealers, and clearing agencies. In the case of Binance, the SEC has filed 13 charges against the company and its founder, Changpeng Zhao. The charges include allegations that Binance was operating unregistered exchanges, broker-dealers, and clearing agencies, misrepresenting trading controls and oversight on the Binance.US platform, and offering and selling securities without registration​​. The SEC claims that Binance subverted its…

In a surprising turn of events, a Binance Coin (BNB) whale has cashed out a whopping $2.3 million after remaining dormant for two long years. This unexpected move comes when mounting regulatory concerns hit the cryptocurrency market, adding a fresh layer of intrigue. For the uninitiated, a 'whale' in the crypto sphere refers to an entity holding a large amount of cryptocurrency. These whales can significantly influence the market dynamics through their actions due to the sheer size of their…

The SEC (Securities and Exchange Commission) is a government agency in the United States that is responsible for regulating securities markets and protecting investors. In crypto, the SEC plays a significant role in determining whether certain digital assets should be classified as securities, subject to federal securities laws and regulations. An example is the SEC's decision in 2019 to classify Ether (ETH) as a commodity rather than a security. This means that ETH is not subject to the same level of…