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Ripple (XRP) v. SEC Lawsuit Update June 14th: Company Lawyer Says $10 Million Fine is Appropriate

TL;DR Ripple contends that the SEC’s proposed $2 billion penalty is excessive, suggesting a fine of no more than $10 million. The company’s CEO anticipates a resolution by summer 2024,…

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Surge in Digital Asset Investments Following SEC ETF Approvals, Coinshares Reports

Digital asset investment products have witnessed significant inflows totaling $2 billion, marking a strong five-week streak that accumulates to $4.3 billion. As reported by Coinshares, this surge aligns with increased…

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Family Offices Grappling with Cryptocurrency Investment Prospects: BNY Mellon

Family offices, known for their entrepreneurial spirit, are embracing new investment opportunities. Though cryptocurrencies account for 5% of portfolios, an allocation that would have been unthinkable a decade ago, they…

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American Securities Association Sues SEC Over Lack of Transparency in Enforcement Actions

The American Securities Association (ASA) filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) on Thursday for failing to comply with the Freedom of Information Act (FOIA). The…

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SEC Chair Gensler: Spot Ether ETFs ‘Will Take Some Time’ to Begin Trading

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has stated that spot ethereum exchange-traded funds (ETFs) “will take some time” to commence trading, highlighting the necessity for a thorough…

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Gensler Criticizes Crypto Exchanges for Questionable Practices, Says Spot ETH ETFs Will ‘Take Some Time’

SEC Chair Gensler has voiced concern over unethical conduct within crypto exchanges, noting that the introduction of spot Ethereum ETFs will require additional time. Gensler’s comments were made during a…

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Court Strikes Down SEC’s Private Fund Regulation, Citing Overreach

The U.S. Securities and Exchange Commission (SEC) has lost another court case. On June 5, the 5th U.S. Circuit Court of Appeals overturned the SEC’s Private Fund Adviser rule, which…

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