False claims of an SEC lawsuit and ADA token burns from a hacked Cardano Foundation account sent shockwaves through the cryptocurrency community, sparking panic. Fake SEC Lawsuit Targets Cardano Foundation: ADA Burn Rumors Spark Panic The Cardano Foundation’s social media platform X account appears to have been compromised early Sunday morning, alarming the cryptocurrency community […]
Former CFTC Chair boldly predicts the SEC will drop its Ripple lawsuit, heralding a regulatory shift that could ignite a major rally for XRP. Former CFTC Chair Bets SEC Will Drop Ripple-XRP Lawsuit Under Incoming Crypto-Friendly Admin Former U.S. Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo, known as “Crypto Dad” for his support of […]
Crypto derivatives exchange Bitnomial is suing the U.S. Securities and Exchange Commission (SEC) over its authority to regulate XRP futures, challenging the classification of XRP as a security. The exchange, overseen by the Commodity Futures Trading Commission (CFTC), contests the SEC’s claim that XRP futures are “security futures” and aims to set a precedent affecting […]
In a recent decision, a Texas court dismissed Consensys’ lawsuit against the U.S. Securities and Exchange Commission (SEC), which was filed in April 2024 to protect the Ethereum ecosystem from regulatory overreach. The court’s dismissal was based on procedural grounds, without addressing the merits of Consensys’ claims. Despite this setback, Consensys highlighted a significant win […]
Elon Musk and Tesla Inc. successfully had a lawsuit dismissed that accused them of manipulating the price of dogecoin (DOGE) for personal gain. A U.S. District Judge in Manhattan ruled that the plaintiffs failed to provide convincing evidence, despite multiple revisions of their claims. The lawsuit alleged that Musk’s social media influence caused a 36,000% […]