While regulations are often aimed at protecting citizens from bad actors, the effectiveness of crypto regulations in the United States is in question owing to the colossal fall of major exchanges and ecosystems over the past year — FTX, Celsius, Voyager, and Terra (LUNA).

Never in my career have I seen such a complete failure of corporate controls.

Crypto-focused law firm Hodl Law PLLC has sued the U.S. Securities and Exchange Commission, alleging the regulator has failed to clarify its jurisdictional authority over digital assets and failed to define whether it views digital assets as securities.

Tom Emmer – the U.S. congressional representative for Minnesota –  suggested that Bankman-Fried tried currying “special treatment” from the Securities and Exchange Commission (SEC) through meetings with the agency, and attempted to push legislation to the same effect. 

After the high-profile implosion of FTX, crypto skeptics and digital currency advocates have both asked the question: Could the Securities and Exchange Commission have done more?

Garlinghouse reiterates that Ripple is willing to settle with the SEC if the agency provides clarity for XRP that will help US institutions like Bank of America gain a competitive advantage by using Ripple ODL.

The U.S. Securities and Exchange Commission (SEC) has received support from sports investing group New Sports Economy Institute (NSEI), which submitted its amicus brief on Friday to weigh in on the ongoing lawsuit between the SEC and Ripple Labs Inc.

Grayscale Investments, the world’s largest crypto asset manager, is facing backlash from the crypto community for not revealing its proof of reserves. Meanwhile, industry experts are blaming it on the regulatory landscape for the loss of trust around transparency in Grayscale’s Bitcoin products. Earlier in June this year, the U.S. Securities and Exchange Commission (SEC) rejected Grayscale’s spot Bitcoin ETF application. Following the rejection, the company challenged the SEC’s decision in the form of a lawsuit.

The first official decentralized autonomous organization (DAO) in the United States is taking on the Securities and Exchange Commission (SEC) over its 2021 token registrations. 

The U.S. Securities and Exchange Commission (SEC) has received support from sports investing group New Sports Economy Institute (NSEI), which submitted its amicus brief on Friday to weigh in on the ongoing lawsuit between the SEC and Ripple Labs Inc.