XRP flyer

Federal Judges Cast Doubt on XRP’s Non-Security Status

The ruling issued in July 2023, which designated XRP as a “non-security” in secondary market transactions, is encountering challenges. Concerns have been raised by two federal judges regarding the application of the Howey Test to XRP, suggesting that the token might be deemed an unregistered security.

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Ark Invest CEO and coinbase logo in the background

Ark Invest, Led by Cathie Wood, Sells Off $54M Worth of Coinbase & Robinhood Stocks

Cathie Wood’s Ark Invest, a prominent investment management business, recently sold more than $54 million worth of Coinbase (COIN) and Robinhood (HOOD) securities. The drop comes amid a rise in COIN and HOOD stocks, which just reached a new 52-week high.

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Sec vs Coinbase

Coinbase Slams SEC for “Oppressive” Approach to Crypto

Over the last year, the US Securities and Exchange Commission (SEC) has been scrutinized for its antagonistic activities against the cryptocurrency industry, raising concerns about its jurisdiction over the asset class. Last July, cryptocurrency exchange Coinbase petitioned the EU to build a specific regulatory framework for the industry. However, the SEC rejected the plan, calling it ‘unwarranted’ and claiming that current securities regulations were adequate for regulating cryptocurrency holdings.

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