Howey Test

The Securities and Exchange Commission clarified on Thursday that memecoins do not fall under the purview of federal securities laws, although fraudulent activities involving memecoins could still be subject to legal consequences. What happened: The SEC's Division of Corporation Finance stated in a...

U.S. regulators rejected a rulemaking petition submitted by Coinbase Global Inc. (NASDAQ: COIN). What Happened: Last year, Coinbase drafted a “petition for rule making." The company sent the 30-page document to the U.S. Securities and Exchange Commission (SEC), claiming that the U.S....

Crypto exchange Binance, its U.S. counterpart Binance.US, and founder Changpeng Zhao have contested the U.S. Securities and Exchange Commission's (SEC) allegations, arguing that the financial watchdog failed to establish the criteria of the "Howey Test" in its lawsuit...

Amid the U.S. Securities and Exchange Commission (SEC) onslaught against major industry players such as Coinbase Global Inc (NASDAQ: COIN) and Binance (CRYPTO: BNB), U.S. Rep. Ritchie Torres (D-N.Y.) wrote a letter to SEC Chair Gary Gensler, urging the agency to...

Broker Bernstein highlighted that while the U.S. district court found institutional sales of Ripple's (CRYPTO: XRP) token to be in violation of securities law, the fact that it's not considered a security when sold through exchanges or programmatic sales is a major victory for the crypto...

In a landmark ruling, a U.S. judge has determined that Ripple's sales of the XRP token (CRYPTO: XRP) do not constitute an offer of investment contracts. The decision, which could have significant implications for the broader cryptocurrency industry, was based on an analysis of the economic...

In its legal rebuttal to the lawsuit filed by the U.S. Securities and Exchange Commission (SEC), Coinbase Global Inc (NASDAQ: COIN) has argued that the digital assets available for trading on its platform are beyond the SEC's regulatory scope. Earlier in June, the SEC initiated legal...

William Hinman, the former director of the U.S. Securities and Exchange Commission's (SEC) Division of Corporation Finance, discussed with Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin in 2018 about how the Ethereum Foundation operates. Documents show how Hinman, at the time, believed...

Ripple's (CRYPTO: XRP) ongoing legal battle with the United States Securities and Exchange Commission (SEC) has already cost the company a staggering $200 million, according to its CEO Brad Garlinghouse. Speaking at the Dubai Fintech Summit on May 8, Garlinghouse shared his concerns about...

The U.S. Securities and Exchange Commission (SEC) recently charged Kraken for offering its staking as a service program as an unregistered security. This has prompted concerns among market analysts and experts about the possibility of a multipronged regulatory crackdown on the cryptocurrency...

Leading cryptocurrency exchange Kraken has agreed to discontinue its staking operations as part of a settlement with the U.S. Securities and Exchange Commission (SEC), Coindesk reported on Thursday, citing a source familiar with the matter. The settlement was reportedly approved during a private...