SEC Lawsuit Against HEX Founder Dismissed Over Jurisdictional Issues
A federal judge has dismissed the SEC's $1 billion fraud case against cryptocurrency entrepreneur Richard Heart due to insufficient U.S. connections. The ruling deals a setback to regulators' efforts to police cross-border crypto activities despite Heart's alleged misappropriation of investor funds.
SEC and Tron's Justin Sun Seek 60-Day Pause to Explore Settlement
Justin Sun and the SEC have jointly requested a temporary halt in their legal battle to pursue settlement talks over allegations of unregistered securities offerings and market manipulation. The pause would delay proceedings while both parties negotiate, with several celebrities already having settled related charges.
Galaxy Digital Taps Former BlockFi CEO for Managing Director Role Despite Troubled Past
Mike Novogratz's Galaxy Digital brings Zac Prince back to crypto as managing director following his brief real estate detour. The controversial appointment comes despite Prince's previous venture BlockFi ending in bankruptcy and $100M SEC settlement.
U.S. Law Enforcement Recovers $31M from Uranium Finance Crypto Heist
U.S. authorities have successfully recovered $31 million in cryptocurrency stolen during the 2021 Uranium Finance hack, representing 62% of the total theft. The breakthrough came through joint efforts between federal agencies, with assistance from on-chain investigators tracking the hacker's attempts to obscure funds through mixers and exchanges.
SEC Drops OpenSea Investigation in Major Shift for Crypto Regulation
The SEC has ended its investigation into NFT marketplace OpenSea and dropped its Coinbase lawsuit, signaling a significant change in crypto industry oversight. These back-to-back regulatory retreats suggest a more balanced approach to digital asset regulation may be emerging.
SEC Clears OpenSea: NFT Marketplace Investigation Concludes Without Enforcement Action
The SEC has concluded its investigation into OpenSea without pursuing enforcement action, marking a significant victory for the NFT industry. The decision coincides with charges being dropped against Coinbase, potentially signaling a shift in regulatory approach toward digital assets.
SEC Drops Investigation into OpenSea, Clears Path for NFT Industry
The SEC has concluded its investigation into OpenSea without pursuing enforcement action over claims that NFTs are securities. This landmark decision removes regulatory uncertainty for the NFT marketplace and could set an important precedent for the broader Web3 industry.
SEC Launches Specialized Unit to Combat Crypto and Tech-Related Fraud
The SEC establishes the Cyber and Emerging Technologies Unit (CETU) to investigate cryptocurrency scams, AI fraud, and cybersecurity threats. Led by Laura D'Allaird, this 30-person team represents a focused approach to balancing investor protection with technological innovation.
SEC Restructures Crypto Unit, Signals Shift in Digital Asset Enforcement
The SEC's cryptocurrency enforcement division undergoes major rebranding to 'Cyber and Emerging Technologies Unit', reducing staff from 50 to 30 specialists. This transformation marks a potential departure from aggressive crypto regulation, while expanding focus to other emerging technologies.
Brazil Leads Global Markets with First Spot XRP ETF as SEC Reviews Multiple Applications
XRP surged 7.5% to $2.71 as Brazil approved the world's first spot XRP exchange-traded fund while the SEC reviews multiple ETF applications from major asset managers. The developments come amid ongoing regulatory scrutiny and Ripple's legal battle with the SEC over a $1.3 billion lawsuit.