Sec Case

A federal judge in Manhattan on Wednesday grilled Coinbase and the US securities regulator about their divergent views on whether and when digital assets are securities, in a case closely watched by the cryptocurrency industry.

The US Securities and Exchange Commission plans to appeal a recent court decision involving Ripple Labs that was a setback for the agency's efforts to oversee cryptocurrency markets. The SEC said an appeal could address legal issues on which there was "substantial ground for differences of opinion."

Ripple Labs did not violate federal securities law by selling its XRP token on public exchanges, a US judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring. XRP was up 75 percent by late afternoon on Thursday, according to Refinitiv Eikon data.

Months before cryptocurrency exchange Coinbase became the biggest target of the US crackdown on digital assets, the company launched an unusual legal offensive, recruiting top lawyers to try to shape court rulings in other cases. Before the US Securities and Exchange Commission sued Coinbase on June 6, the company had weighed in on two other crypto...

A former product manager for Coinbase Global and his brother have agreed to settle US Securities and Exchange Commission (SEC) charges related to insider trading of crypto asset securities.

Coinbase is being sued by plaintiff Michael Massel for allegedly trespassing the Illinois’ Biometric Information Privacy Act (BIPA) and unlawfully collecting users’ biometrics data. The suit alleges that the exchange uses this biometrics data to enhance its ‘app-based’ online platform’s usage and working.

EC, CFTC's civil cases against Sam Bankman-Fried were put on hold by a US judge on Monday until the conclusion of the Department of Justice's criminal case against the founder of the now-bankrupt FTX cryptocurrency exchange. US District Judge Kevin Castel in Manhattan granted a Justice Department motion to stay the lawsuits filed by the Securities ...

Oracle will pay about $23 million (nearly Rs. 190 crore) to resolve charges that its units in Turkey, the United Arab Emirates and India used slush funds to bribe foreign officials in order to win business, the US Securities and Exchange Commission said on Tuesday. The case covered alleged wrongdoing from 2014 to 2019.

Twitter executives informed the employees regarding the staff exodus it has been facing recently amid legal battle with Elon Musk and whistleblower Peiter "Mudge" Zatko’s allegations. The company’s current employee attrition stands at 18.3 percent.

Coinbase has been sued for ‘improperly and unreasonably’ locking users out of their accounts, especially during these recent days of market volatility. In her lawsuit, plaintiff George Kattula has alleged that the San Francisco-based company does not maintain standard practices to secure user accounts. As for now, Coinbase has not addressed the...

Ericsson stated that the US SEC has recently opened an investigation concerning the matters described in the company's 2019 Iraq investigation report. The company disclosed in February that it may have made payments to the Islamic State militant group in Iraq. Ericsson said it is fully cooperating with the SEC over the probe.

Some Tesla shareholders have asked a federal judge to order Elon Musk to stop commenting on his 2018 tweets about taking Tesla private, alleging that he is trying to influence jurors in the lawsuit.

Activision, the US game maker known best for its Call of Duty franchise, is facing a lawsuit over allegations of condoning a culture of sexual harassment, a toxic work environment, and inequality, the investigations into which have now been expanded.

In view of the surge in COVID-19 cases, the West Bengal BJP on Friday wrote to the State Election Commission (SEC) requesting to postpone the municipality elections for a month.

Covid restrictions in place in Mumbai will continue till December 31 and orders (under Sec 144) banning all large gatherings in public spaces, Mumbai Police said in an order issued Wednesday.

A federal judge in Manhattan on Wednesday grilled Coinbase and the US securities regulator about their divergent views on whether and when digital assets are securities, in a case closely watched by the cryptocurrency industry.

The US Securities and Exchange Commission plans to appeal a recent court decision involving Ripple Labs that was a setback for the agency's efforts to oversee cryptocurrency markets. The SEC said an appeal could address legal issues on which there was "substantial ground for differences of opinion."

Ripple Labs did not violate federal securities law by selling its XRP token on public exchanges, a US judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring. XRP was up 75 percent by late afternoon on Thursday, according to Refinitiv Eikon data.

Months before cryptocurrency exchange Coinbase became the biggest target of the US crackdown on digital assets, the company launched an unusual legal offensive, recruiting top lawyers to try to shape court rulings in other cases. Before the US Securities and Exchange Commission sued Coinbase on June 6, the company had weighed in on two other crypto...

A former product manager for Coinbase Global and his brother have agreed to settle US Securities and Exchange Commission (SEC) charges related to insider trading of crypto asset securities.

Coinbase is being sued by plaintiff Michael Massel for allegedly trespassing the Illinois’ Biometric Information Privacy Act (BIPA) and unlawfully collecting users’ biometrics data. The suit alleges that the exchange uses this biometrics data to enhance its ‘app-based’ online platform’s usage and working.

EC, CFTC's civil cases against Sam Bankman-Fried were put on hold by a US judge on Monday until the conclusion of the Department of Justice's criminal case against the founder of the now-bankrupt FTX cryptocurrency exchange. US District Judge Kevin Castel in Manhattan granted a Justice Department motion to stay the lawsuits filed by the Securities ...

Oracle will pay about $23 million (nearly Rs. 190 crore) to resolve charges that its units in Turkey, the United Arab Emirates and India used slush funds to bribe foreign officials in order to win business, the US Securities and Exchange Commission said on Tuesday. The case covered alleged wrongdoing from 2014 to 2019.

Twitter executives informed the employees regarding the staff exodus it has been facing recently amid legal battle with Elon Musk and whistleblower Peiter "Mudge" Zatko’s allegations. The company’s current employee attrition stands at 18.3 percent.

Coinbase has been sued for ‘improperly and unreasonably’ locking users out of their accounts, especially during these recent days of market volatility. In her lawsuit, plaintiff George Kattula has alleged that the San Francisco-based company does not maintain standard practices to secure user accounts. As for now, Coinbase has not addressed the...

Ericsson stated that the US SEC has recently opened an investigation concerning the matters described in the company's 2019 Iraq investigation report. The company disclosed in February that it may have made payments to the Islamic State militant group in Iraq. Ericsson said it is fully cooperating with the SEC over the probe.

Some Tesla shareholders have asked a federal judge to order Elon Musk to stop commenting on his 2018 tweets about taking Tesla private, alleging that he is trying to influence jurors in the lawsuit.

Activision, the US game maker known best for its Call of Duty franchise, is facing a lawsuit over allegations of condoning a culture of sexual harassment, a toxic work environment, and inequality, the investigations into which have now been expanded.

In view of the surge in COVID-19 cases, the West Bengal BJP on Friday wrote to the State Election Commission (SEC) requesting to postpone the municipality elections for a month.

Covid restrictions in place in Mumbai will continue till December 31 and orders (under Sec 144) banning all large gatherings in public spaces, Mumbai Police said in an order issued Wednesday.