Securities

SEC headquarters in Washington, D.C. (Nikhilesh De/CoinDesk)
Consensys Sues SEC Over ‘Unlawful Seizure Of Authority’ Over Ethereum
By offering their MetaMask wallet software, the SEC says Consensys is acting as an unregistered securities broker.
SEC headquarters in Washington, D.C. (Nikhilesh De/CoinDesk)

Ripple ad in Washington's Union Station (Nikhilesh De/CoinDesk)
Ripple Says $10M Penalty Enough, Rejects SEC’s Ask of $1.95B Fine in Final Judgment
The court had found Ripple violated federal securities laws by making institutional sales of XRP but dismissed other allegations brought by the SEC.
Ripple ad in Washington's Union Station (Nikhilesh De/CoinDesk)

CEO Brian Armstrong's Coinbase is appealing a key point in its court dispute with Chair Gary Gensler's Securities and Exchange Commission. (CoinDesk)
Coinbase Seeks to Take Core Question in U.S. SEC Case to Higher Court
The crypto exchange is trying to appeal part of a judge's recent denial of its motion to dismiss, focusing on whether the SEC can treat secondary trades as investment contract...
CEO Brian Armstrong's Coinbase is appealing a key point in its court dispute with Chair Gary Gensler's Securities and Exchange Commission. (CoinDesk)

SEC (Nikhilesh De/CoinDesk)
SEC Seeks $1.95B Fine in Final Judgment Against Ripple
Stuart Alderoty, Ripple Labs’ chief legal officer, criticized the SEC and wrote that the company will file its response to the SEC’s motion next month.
SEC (Nikhilesh De/CoinDesk)

(TechCrunch/Wikimeda Commons, modified by CoinDesk)
Why the SEC Shouldn’t Classify ETH as a Security
Reports suggest the agency may be about to categorize ETH as a security, with huge implications for the blockchain’s future. Here’s why the SEC would be wrong.
(TechCrunch/Wikimeda Commons, modified by CoinDesk)

The shiba inu dog behind the DOGE meme. (Atsuko Sato)
Meme Coins Going Legit Is the Worst Thing for Meme Coins
Institutions like Franklin Templeton are taking meme coins increasingly seriously this cycle. But will these joke-y projects run afoul of regulators?
The shiba inu dog behind the DOGE meme. (Atsuko Sato)

Co-CEO Aaron Kaplan's Prometheum has hired a senior Morgan Stanley executive, Albert Meo, as the company's chief financial officer. (Screen capture/U.S. House Financial Services Committee)
Prometheum Taps Morgan Stanley Exec as CFO Just Before Opening Doors
The much-debated crypto firm hired an experienced Wall Street hand who handled regulatory policy in his last job and also worked for Goldman Sachs and Fidelity.
Co-CEO Aaron Kaplan's Prometheum has hired a senior Morgan Stanley executive, Albert Meo, as the company's chief financial officer. (Screen capture/U.S. House Financial Services Committee)

(Nikhilesh De/CoinDesk)
U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales Are Securities Transactions
In May 2023, the SEC settled charges with Ishan Wahi and Nikhil Wahi in what it has called the "first-ever insider trading case involving cryptocurrency markets."
(Nikhilesh De/CoinDesk)

(Jesse Hamilton/CoinDesk, modified)
Ether’s Prometheum Test
The “only U.S.-registered crypto securities platform" is listing ETH in a bold test of the U.S. Securities and Exchange Commission's thesis that most cryptocurrencies are secu...
(Jesse Hamilton/CoinDesk, modified)

(Dynamic Wang/Unsplash)
Citi Alumni-Founded Startup to Offer Bitcoin Securities That Don't Need Green Light From SEC
Receipts Depositary Corp. aims to address the institutional desire for bitcoin investments that may not be satisfied by a spot ETF.
(Dynamic Wang/Unsplash)