Scaramucci and a gavel

Scaramucci Criticizes Crypto’s ‘Hostile Attack’ Following Recent Ruling

On the X social media network, prominent investor Anthony Scaramucci recently expressed his disagreement with a recent court decision, labeling it as “clearly a hostile attack” against the industry.

Continue Reading...
SEC logo and several crypto coins

Judge Penalizes SEC for ‘Abuse of Power’ in Debt Box Crypto Firm Fallout

A federal judge has penalized the US Securities and Exchange Commission (SEC) for its handling of a complaint against Utah-based cryptocurrency business Debt Box. The lawsuit, which has become a lightning rod for the cryptocurrency sector, reveals the SEC’s aggressive enforcement techniques and raises concerns about the agency’s legal weapons.

Continue Reading...
SEC signboard and Coinbase banner with the symbol of justice

Coinbase Challenges SEC in Lawsuit Over Crypto Regulation

In response to the SEC’s rejection of Coinbase’s formal petition for rulemaking, Coinbase has filed a lawsuit against the U.S. Securities and Exchange Commission, accusing the agency of behaving arbitrarily and capriciously. The lawsuit, filed in the U.S. Court of Appeals for the Third Circuit, alleges that the SEC has failed to establish clear rules for overseeing the cryptocurrency industry, despite Coinbase’s request for specific regulations governing digital assets.

Continue Reading...

US EIA Plans To Erase Bitcoin Mining Survey Data And Invites Public Feedback

The US Energy Information Administration (EIA) has nullified all data obtained from its emergency survey on Bitcoin mining, as per recent court filings. This decision, made in collaboration with the Texas Blockchain Council, extends to subsequent data collection and underscores ongoing legal battles concerning regulatory scrutiny within the cryptocurrency industry.

Continue Reading...

USDT Achieves Record $100 Billion Market Cap as Crypto Market Booms

Tether’s USDT has achieved a significant milestone, hitting an all-time high market capitalization of $100 billion, showcasing a 9% growth since the year began. This milestone cements Tether’s position as the dominant stablecoin, outpacing its closest competitor, USD Coin (USDC). Despite this success, a lawsuit has emerged involving cryptocurrency platform FTX and its alleged misuse of Tether in a profit-making scheme, underscoring challenges in the stablecoin sector.

Continue Reading...
EIA Mining survey

US Energy Officials Agree To ‘Destroy’ Any Data From The Cryptocurrency Mining Study

The Texas Blockchain Council (TBC) and Riot Platforms, a Bitcoin mining firm, have successfully halted a proposed emergency survey by United States energy officials targeting crypto miners nationwide. The survey, labeled as the “EIA-862 Emergency Collection Request,” faced opposition from the TBC and Riot Platforms, who deemed it intrusive and potentially harmful to innovation and economic growth. As part of the settlement, previously collected data will be deleted, and any future information obtained will be discarded.

Continue Reading...
Bitcoin miners

US Department of Energy Suspends Miner Energy Survey Amid Lawsuit

The US Department of Energy (DOE) has agreed to temporarily suspend its mandatory survey of cryptocurrency miner energy use following a lawsuit by prominent miner Riot Blockchain and an industry group. The Energy Information Administration, the DOE’s statistical arm, will halt its survey and sequester the data received after initiating data collection from bitcoin miners earlier this month.

Continue Reading...
SEC signboard with a banner and icon of justice beside Ripple Lab's banner

Ripple Labs Inc. Challenges SEC’s Demand in a Lawsuit

Ripple Labs Inc. files a sur-reply motion to counter the SEC’s claims in the XRP lawsuit. The motion addresses the inaccuracies presented by the SEC and adds more intensity to the heated case.

Continue Reading...