SEC Drops or Pauses Over a Dozen Cryptocurrency-Related Cases
The U.S. Securities and Exchange Commission (SEC) has paused or dropped more than a dozen crypto-related cases since the appointment of Mark Uyeda as acting chair. The SEC is reassessing how it applies securities laws to digital assets.
Key Developments
- The SEC closed most outstanding crypto cases, with some cases dismissed “with prejudice,” preventing future litigation.
- Ripple reached an agreement with the SEC to drop ongoing appeals, recovering $75 million from a previous fine.
- Coinbase's case was withdrawn by the SEC, barring similar future charges.
- SEC withdrew its case against ConsenSys, concluding the investigation into MetaMask.
- Investigation against Kraken and Cumberland DRW also dropped recently.
- A federal judge dismissed the SEC's suit against Pulsechain due to jurisdiction issues.
- Investigations into major firms like OpenSea, Gemini, and Binance were closed or paused.
- Uniswap's investigation was also concluded without action.
- The only remaining publicly disclosed investigation involves Unicoin.
Additional News
- World Liberty Financial plans to launch a dollar stablecoin on Ethereum and BNB Chain.
- Trump Media seeks to partner with Crypto.com for crypto exchange-traded products.
- A new stablecoin bill in the U.S. House aligns with Senate proposals.
- President Trump pardoned three BitMEX co-founders previously convicted of Bank Secrecy Act violations.