Lawyer Bill Morgan discusses ongoing #Ripple vs. SEC battle, clarifies recent #Coinbase vs. SEC judgment's impact.

Morgan highlights limited precedential value of default judgments, reassures on #XRP's status amid legal proceedings.
https://coinpedia.org/news/ripple-vs-sec-navigating-legal-complexities-amid-coinbase-judgment-fallout/

#Coinbase challenges court ruling on #crypto asset sales as securities transactions, questions SEC's authority.

Legal battle ongoing; experts predict 70% chance of Coinbase winning, significant implications for #cryptoregulation.
https://coinpedia.org/news/coinbase-challenges-secs-crypto-sales-classification-in-court/

• #Bitcoin achieves a record high surpassing $71,209 on #Coinbase.

🔵 Factors driving the surge include

• Increased investment in new spot Bitcoin exchange-traded funds (#ETFs) and anticipation of interest rate reductions by the US Federal Reserve.

#FED #BitcoinETF #ATH #CryptoNews

#Coinbase appeals SEC's denial, citing #regulatory overreach and lack of clear framework for #crypto.

Legal battle ongoing as SEC sues Coinbase for alleged unregistered operation; hearings ongoing.
https://coinpedia.org/news/coinbase-charges-u-s-sec-with-legal-violations-for-dismissing-cryptocurrency-regulation-proposals/

#Coinbase plans $1 billion convertible debt offering to capitalize on #cryptomarket surge and growth prospects. #crypto

Mimicking #MicroStrategy's #Bitcoin strategy for growth, Coinbase aims to strengthen market position and mitigate dilution risks.
https://coinpedia.org/news/coinbase-to-sell-1b-bonds-following-michael-saylors-bitcoin-strategy/

Here are the Top 5 Stocks with over $10B Market Cap dominating the charts:

#Microstrategy, #Coinbase, followed by #Celsius, #SuperMicroComputer, and #Grayscale.

In a landmark move, the #Crypto Council for Innovation stands with #Coinbase against the #SEC, fighting for clearer crypto #regulations.

This legal battle could shape the future of crypto in the US.

https://coinpedia.org/news/crypto-council-backs-coinbase-by-filing-amicus-brief-against-sec-over-regulatory-clarity/

Grayscale's CLO Craig Salm optimistic about approval of spot #EthereumETF, drawing parallels with #BitcoinETFs.

Industry leaders like #Coinbase's Paul Grewal and ex-#CFTC Commissioner Brian Quintenz support #Ethereum #ETF approval.
https://coinpedia.org/news/ethereum-etf-approval-is-inevitable-says-grayscales-clo/

Introducing the Titans of Crypto:

These top pioneers have ridden the digital wave to immense wealth, with a combined net worth surpassing billions.

Among the noteworthy figures are Satoshi Nakamoto, Changpeng Zhao, Brian Armstrong, Justin Sun, and Vitalik Buterin.

These individuals have emerged as prominent faces in this dynamic ecosystem.



#Cryptocurrency #Bitcoin #Binance #Coinbase #Tron #Ethereum #Coinpedia #Founders

U.S. District Court denies #Coinbase's motion to dismiss SEC case, leading to a prolonged legal battle. #CryptoNews

Discovery phase begins, offering Coinbase opportunity to gather evidence; parallels drawn with #Ripple's case.
https://coinpedia.org/news/will-coinbase-have-the-same-fate-as-ripple-heres-what-to-expect-next-in-coinbase-vs-sec-lawsuit/

SEC targets $SOL in #Coinbase case, labeling it a security, amplifying regulatory concerns for #crypto community.

Judge Failla's ruling intensifies scrutiny on SOL, potential reclassification sparks debates, impacting #cryptomarket and operations.
https://coinpedia.org/news/solana-sol-might-face-regulatory-turbulence-after-sec-ruling/

Top #Crypto News in Last Week

1️⃣#BlackRock CEO Larry Fink said #EthereumETF possible despite SEC potentially labeling #Ethereum as security.

2️⃣London Stock Exchange accepted #Bitcoin and #Ethereum #ETN listings from April 8, 2024, approved by FCA. Trading began May 28, 2024.

3️⃣ #SEC requested $2 billion fine on #Ripple Labs. Ripple denies accusations, calls SEC's statements false.

4️⃣ #SBF sentenced to 25 years in prison, ordered to forfeit over $11 billion by judge.

5️⃣ US Attorney’s Office sued #KuCoin founders for unlicensed money transmission, Bank Secrecy Act violations, and #AML failures.

6️⃣ #Binance executive Tigran Gambaryan sued Nigerian government for violating his human rights, amid #tax evasion charges.

7️⃣ Court ruled against #Coinbase in SEC case, citing unregistered securities offering, impacting digital asset trading.

#CryptoNews #Crypto

John Reed Stark, ex-SEC Official, supports #SEC, stating court order confirms #Coinbase's security offering. #CryptoNews

Stark emphasizes legal precedents, refuting Coinbase's "Regulatory Clarity" claim, citing established #regulatory framework.
https://coinpedia.org/news/coinbase-vs-sec-sec-strikes-back-at-coinbase-with-shocking-memo/

#Coinbase considers relisting #Terra Luna Classic (#LUNC), sparking optimism in the community.

News of potential relisting generates bullish sentiment, with LUNC price increasing by 1.10%. #Cryptomarket
https://coinpedia.org/news/coinbase-eyes-terra-luna-classic-relisting-igniting-community-optimism/

#Ethereum surges to $3,004.66, up 3.63% in 24 hours, driven by positive market sentiment. #CryptoNews

#Coinbase adopts Ethereum for on-chain services, #BlackRock's pending #ETH ETF fuels institutional interest.
https://coinpedia.org/news/ethereum-soars-to-3000-as-institutional-backing-propel-price-to-new-heights/

#Coinbase suggests #Ethereum has strong long-term potential despite lagging behind #Bitcoin this year.

Factors supporting Ethereum include reduced liquid supply, #DeFi dominance, and potential #ETF approval.
https://coinpedia.org/news/ethereum-poised-for-upside-despite-lagging-behind-bitcoin-coinbase/

Breaking: #Coinbase Challenges #SEC Denial: Filing Closing Brief in Rulemaking Dispute

🔵Today Coinbase Filed closing brief challenging SEC's denial of rulemaking petition in Third Circuit.

🔵Core of case revolves around a single sentence in SEC order lacking reasoned decision-making.

🔵Argues SEC lacks proper authorization from Congress to claim broad jurisdiction over new industry without clear rules.

🔵Third Circuit's consideration appreciated; commitment to advocating for industry clarity reiterated.

#Crypto #CryptoNews #TheSEC #Legal #Law #Regulation

Top #CryptoNews This Week

1️⃣ U.S. #CPI May:
Annual CPI rate for May: 3.3%, lower than expected, #interest rates unchanged.(5.25% to5.5%)

2️⃣ #Biden #Cryptocurrency Donations:
Biden's team discussing cryptocurrency donations via #Coinbase Commerce to attract crypto-supporting voters.

3️⃣ Trump on #Bitcoin:
Trump advocates for U.S. Bitcoin mining, criticizes Biden's stance on cryptocurrency.

4️⃣ SEC Spot #ETH #ETF:
SEC Chair expects ETH spot ETF approval by summer's end, clarifies crypto compliance issues.

5️⃣#Vitalik suggests improving crypto use with zk proofs, decentralized networks, and privacy enhancements.

6️⃣ #Binance nance surpasses 200 million users, addresses trading incidents, and focuses on blockchain applications.

7️⃣#Bybit relocating staff to Malaysia, Dubai after opening registration for Chinese users.

8️⃣ #Tether to invest over $1 billion in emerging markets, #AI, and biotechnology.

9️⃣ #MicroStrategy plans to raise $700 million via private placement to buy more Bitcoin.

📊 Top 5 #Crypto Exchanges by Trading Volume! 🚀💰

1️⃣ #Binance: $14,455,213,259.79
2️⃣ #Coinbase: $1,943,335,963.46
3️⃣ #OKX: $2,042,986,965.06
4️⃣ #Bybit: $4,209,395,735.01
5️⃣ #Upbit: $920,690,331.03

These exchanges are dominating the crypto market with massive trading volumes. Which one is your favourite?

Let us know in the comments.

BREAKING : #Coinbase has filed a lawsuit against the #SEC and #FDIC, alleging that federal regulators are attempting to exclude the crypto industry. #CryptoNews

https://assets.ctfassets.net/sygt3q11s4a9/1ka1UOZIsHttbrwYiVS7jV/2b34ef92cfd95bdcf07e2baab938d54f/-1-_FDIC_FOIA_Complaint.pdf