Securities

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)

(Annie Spratt/Unsplash)
Terraform Labs' LUNA and MIR Tokens Are Securities, Judge Rules
A federal judge issued summary judgements siding with the SEC's arguments that Terraform had illegally sold unregistered crypto securities.
(Annie Spratt/Unsplash)

Kraken Crypto App
‘They’re Playing a Game’: What New Yorkers Think of the SEC’s War Against Crypto
After the Securities and Exchange Commission sued Kraken, a small but trusted exchange, CoinDesk asked passersby for their views on crypto and regulation.
Kraken Crypto App

The U.S. Department of Justice has arrested the top executives of SafeMoon and accused them of pilfering company coffers.  (Jesse Hamilton/CoinDesk)
SafeMoon Execs Arrested by DOJ in Fraud Investigation, Charged by SEC
Crypto company SafeMoon's CEO and chief technology officer were arrested, accused of withdrawing more than $200M to buy luxury cars and homes from funds that they told investo...
The U.S. Department of Justice has arrested the top executives of SafeMoon and accused them of pilfering company coffers.  (Jesse Hamilton/CoinDesk)