Payments giant PayPal said in a regulatory filing that its PayPal USD stablecoin is no longer in the SEC’s crosshairs. PayPal says the US Securities and Exchange Commission has abandoned its investigation into the payment giant’s US-dollar stablecoin. PayPal said in an April 29 regulatory filing that the SEC concluded its investigation into PayPal USD (PYUSD) and…
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The SEC and Ripple have paused XRP lawsuit appeals amid ongoing settlement talks and speculation that incoming SEC chair Paul Atkins may drop the case. The US Securities and Exchange Commission and blockchain payments firm Ripple agreed to pause their appeals in the ongoing XRP legal battle, signaling a potential move toward a final settlement.…
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Paul Atkins has officially been approved as chair of the US Securities and Exchange Commission after receiving a 52-44 vote in the Senate on April 9. The US Senate has confirmed US President Donald Trump’s nominee, Paul Atkins, as chair of the Securities and Exchange Commission in a 52-44 vote largely along party lines. Atkins’ confirmation on…
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Bybit exchange hacked, over $1.4 billion in ETH-related tokens drained Cryptocurrency exchange Bybit has been hacked for over $1.4 billion in liquid-staked Ether, Mantle Staked ETH and other ERC-20 tokens, according to pseudonymous onchain security analyst ZachXBT, who spotted the incident shortly after it occurred. Following the exploit, the onchain sleuth warned users to blacklist addresses associated with the…
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Elon Musk’s Department of Government Efficiency is “at the gates” of the SEC, according to reports. The United States Department of Government Efficiency, led by Elon Musk, has reportedly set its sights on the US Securities and Exchange Commission. Musk’s DOGE is expected to arrive at the SEC in the coming days, according to Politico,…
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The US Securities and Exchange Commission alleges Musk violated US securities laws by failing to timely disclose that he owned over 5% of Twitter’s stock in early 2022. The US Securities and Exchange Commission has sued Elon Musk, saying the world’s richest man failed to disclose “he had acquired beneficial ownership” of Twitter in early…
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The Digital Chamber issued a crypto agenda for the incoming SEC leadership to repair its “troubled relationship” with the crypto industry. A crypto advocacy group has called for the United States Securities and Exchange Commission to initiate an immediate review of all existing crypto-related investigations, Wells notices, and ongoing lawsuits from “day one” of the…
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Robinhood’s crypto services contributed to nearly 40% of the firm’s transaction-based revenue and helped the firm produce a net profit for the second straight quarter. Robinhood CEO Vladimir Tenev described the recent Securities and Exchange Commission Wells notice as a “disappointing development” during a Q1 earnings call, as the firm posted a 224% increase in…
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Key Points: Grayscale’s Craig Salm is confident in May’s approval for spot Ethereum ETFs, despite SEC engagement concerns. Bloomberg analysts cut approval odds to 25%, citing SEC disengagement. The SEC previously approved Ether futures ETFs, with various firms, including BlackRock and VanEck, awaiting spot Ether ETF decisions. Despite recent concerns over the U.S. Securities and…
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Key Points: A federal judge rules in favor of the SEC Coinbase lawsuit, affirming crypto assets as securities. Wahi settles with the SEC and DOJ, and Ramani faces legal action for involvement in trades. Kraken contests the SEC lawsuit, alleging retaliation, amid regulatory debate on crypto securities. According to Fortune, a federal judge in the…
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