Securities

Helium Issuer Nova Labs Agrees to Pay SEC $200K to Settle Allegations It Lied to Investors

Nova Labs, the parent company behind the Helium blockchain, has agreed to hisse the U.S. Securities and Exchange Commission (SEC) $200,000 to settle civil securities fraud charges the regulator filed against the firm in January, a court filing said …

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New SEC Staff Statement Urges Detailed Crypto Token Disclosures

Crypto companies issuing or dealing with tokens that may be securities should provide detailed disclosures, the U.S. Securities and Exchange Commission (SEC) said on Thursday. The SEC published its latest staff statement on disclosures ahead of its …

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DOJ Crypto Enforcement Memo Has No Bearing on Do Kwon’s Criminal Case, Prosecutors Say

NEW YORK, NY — A recent U.S. Department of Justice staff memo dismantling the DOJ’s crypto unit and narrowing the scope of its crypto-related enforcement priorities will have no impact on the prosecution of Terraform Labs co-founder and former CEO Do …

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Illinois to Drop Staking Lawsuit Against Coinbase

Illinois will soon drop its staking lawsuit against Coinbase, joining three other U.S. states that have recently backed down from litigation against the exchange. A spokesperson for Illinois Secretary of State Alexi Giannoulias told CoinDesk on …

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SEC Agrees to Drop Enforcement Suit Against Cumberland DRW, Firm Says

The suit is the latest in a string of dropped enforcement cases by the SEC.

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SEC Publishes Memecoin Stance Reinforcing Hester Peirce’s Comments

Memecoins aren’t securities, the agency said on Thursday.

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SEC Dropping Coinbase Case Could Boost Robinhood Stock, Tokens Alleged as Securities

More tokens could be added to exchanges, increasing their trading revenue. This might also open the floodgates to crypto firms’ IPOs in the U.S.

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Startup Founded by Citi Alumni to Launch XRP-Backed Securities

Receipts Depositary Corp. already offers bitcoin and ether-backed securities and is now looking to expand its product suite by adding XRP.

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Coinbase Asks U.S. Appeals Court to Say On-Platform Crypto Trades Aren’t Securities

In a Tuesday filing, lawyers for Coinbase argued that their case offered “the single best opportunity” to decide how to regulate secondary crypto trading.

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SEC Seeks to Dismiss Three of Kraken’s Key Defenses in U.S. Lawsuit

A motion filed earlier this week rejected several of Kraken’s defenses and complained that the exchange was “trying to re-litigate the same issues repeatedly.”

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