| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107358.3700000000 |
| ETH | $2438.6650000000 |
| BNB | $649.9543600000 |
| XRP | $2.1851820000 |
| ADA | $0.5613062000 |
| SOL | $149.8824000000 |
| DOGE | $N/A |
| DOT | $3.4053900000 |
| LTC | $86.7758000000 |
| LINK | $13.4117200000 |
Category: CRYPTO NEWS
The post SEC Backs Down—Crypto Firms Secure Major Legal Win appeared on BitcoinEthereumNews.com. Under Acting Chairman Mark Uyeda, the SEC has softened its stance, dropping its appeal against the Blockchain Association’s challenge to the expanded dealer rule. The rule, criticized for indirectly regulating crypto trading firms, is seen as part of broader regulatory changes under the Trump administration. The United States Securities and Exchange Commission (SEC) has been choosing which cases to halt, starting with those with the earliest deadlines, says Fox Business reporter Eleanor Terrett. That focus could be why the actions against Ripple and Kraken continue, Terrett wrote on February 19, based on anonymous sources. SEC to Pause Crypto Lawsuit Saga? Ripple, the firm behind the XRP Ledger blockchain, does not have a court deadline until April 16, whereas the next court deadline for cryptocurrency exchange Kraken is March 31, Terrett said, as mentioned in our previous story. Coinbase and Binance, two other large crypto companies involved in court cases with the SEC, have deadlines of March 14 and April 14, respectively. “It’s possible SEC leadership is expecting Donald Trump’s pick for chair Paul Atkins to be on his way to getting confirmed by that time,” Terrett said in her post on X. She further noted: crypto task force, Congress and the Presidential Working Group on Digital Assets are presumably working to fill the regulatory gaps that led to these lawsuits being brought in the first place. Since 2021, the SEC and the Commodity Futures Trading Commission (CFTC) have pursued sweeping legal action against the crypto sector. They have collectively filed more than 100 suits against digital asset companies for purported rule breaches. In line with this enforcement strategy, the SEC brought suit against Kraken in 2023, alleging that the exchange operated as an unregistered securities broker. The same year, Coinbase was also sued for supposedly operating without registering as a…
2025-02-21T04:34:11+00:00