SEC

Ripple and the U.S. Securities and Exchange Commission (SEC) tried to settle their long-running legal battle with a revised agreement.The new deal would have lowered Ripple’s penalty from $125 million to $50 million and removed restrictions that prevented Ripple from doing certain business activities in the future.
But on May 15, the judge in the case, Analisa Torres, rejected that proposal. Why? Not just because of a small paperwork mistake, but because there were deeper legal issues with how they tried to change a final court decision. A former SEC attorney, Marc Fagel, explained that the judge made it clear: if they want the court to change its mind, they’ll need to present a much stronger legal case.
So where does that leave things?
The $125 million fine is still in place.The restrictions on Ripple’s future actions are still active.The case is still technically open.
There’s also been no updated filing from Ripple and the SEC since the judge’s decision over a week ago, which has left many in the XRP community frustrated and wondering what’s next.
In short: Ripple’s not out of options, but the road to a settlement just got a lot bumpier.
$XRP #SEC

U.S. authorities have cracked down on Jeremy Jordan-Jones, the founder of Amalgam Capital Ventures, accusing him of orchestrating a major crypto investment scam. According to the indictment, he misled investors and raised $1 million, only to spend the funds on a lavish personal lifestyle.
🕵️‍♂️ The FBI, SEC, and the Department of Justice have all taken action. Jones now faces charges including wire fraud, securities fraud, false statements to a bank, and aggravated identity theft. If convicted, he could face up to 72 years in prison.

A Startup Built on Lies
Jordan-Jones pitched his company as a revolutionary blockchain firm, supposedly developing high-end payment and cashier systems. He boasted about major partnerships and even showcased fake product demos, claiming the company was preparing to launch a native token on global exchanges. But according to the DOJ, none of it was real—there were no clients, no real partnerships, and no operational technology.
📉 While investors were left empty-handed, Jones was allegedly forging bank records to secure loans and investments he then used for personal gain.

A Landmark Case Against Crypto Fraud
Prosecutors called the case a textbook example of tech-driven deception. “Fraudsters often hide behind the promise of innovation,” said former SEC Chair Jay Clayton.
Meanwhile, the SEC has filed a parallel civil lawsuit, and the FBI has emphasized that Jones is far from an isolated case. Crypto-related scams are escalating rapidly—in 2024 alone, the FBI received over 140,000 crypto fraud complaints, amounting to $9.3 billion in reported losses.

Crypto Booms While Scams Multiply
Despite ongoing fraud cases, the digital asset market is soaring. Bitcoin recently hit a new all-time high of $111,800, while total crypto market capitalization surpassed $3.5 trillion.

#CryptoFraud , #SEC , #FBI , #CryptoNewss , #Regulation

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

U.S. authorities have cracked down on Jeremy Jordan-Jones, the founder of Amalgam Capital Ventures, accusing him of orchestrating a major crypto investment scam. According to the indictment, he misled investors and raised $1 million, only to spend the funds on a lavish personal lifestyle.
🕵️‍♂️ The FBI, SEC, and the Department of Justice have all taken action. Jones now faces charges including wire fraud, securities fraud, false statements to a bank, and aggravated identity theft. If convicted, he could face up to 72 years in prison.
A Startup Built on Lies
Jordan-Jones pitched his company as a revolutionary blockchain firm, supposedly developing high-end payment and cashier systems. He boasted about major partnerships and even showcased fake product demos, claiming the company was preparing to launch a native token on global exchanges. But according to the DOJ, none of it was real—there were no clients, no real partnerships, and no operational technology.
📉 While investors were left empty-handed, Jones was allegedly forging bank records to secure loans and investments he then used for personal gain.
A Landmark Case Against Crypto Fraud
Prosecutors called the case a textbook example of tech-driven deception. “Fraudsters often hide behind the promise of innovation,” said former SEC Chair Jay Clayton.
Meanwhile, the SEC has filed a parallel civil lawsuit, and the FBI has emphasized that Jones is far from an isolated case. Crypto-related scams are escalating rapidly—in 2024 alone, the FBI received over 140,000 crypto fraud complaints, amounting to $9.3 billion in reported losses.
Crypto Booms While Scams Multiply
Despite ongoing fraud cases, the digital asset market is soaring. Bitcoin recently hit a new all-time high of $111,800, while total crypto market capitalization surpassed $3.5 trillion.#SEC #FBI

US SEC delays decision on Fidelity's bailout for Bitcoin, Ethereum ETFs as crypto ETF proposals face extended review
The US Securities and Exchange Commission (SEC) has postponed its decision on Fidelity's application for spot bitcoin and ethereum exchange-traded funds (ETFs).
The decision comes as issuers in the crypto industry continue to seek approval for features aimed at improving ETF operations and efficiency.



SEC Suspends Fidelity's In-Kind Redemption Feature
Fidelity is among several major asset managers that have filed to allow in-kind redemptions in their spot cryptocurrency ETFs.
In-kind compensation allows authorized participants to exchange ETF shares directly for underlying crypto assets instead of cash.
These mechanisms are commonly used in traditional ETFs to minimize trading costs and tax consequences.
While the SEC recently granted a similar request from BlackRock regarding its spot Ethereum ETF, it has decided to delay Fidelity's proposals for both Bitcoin and Ethereum ETFs. The regulatory agency has not provided a timeline for when a final decision might be made.
Fidelity is not the only issuer facing delays. In April, the SEC also postponed rulings on similar compensation proposals by WisdomTree for its Bitcoin Fund (BTCW) and Ethereum Fund (ETHW), as well as VanEck's Bitcoin Fund (BITB).
#BTC #SEC #CryptoNewss #MarketSentimentToday #Market_Update

The U.S. Securities and Exchange Commission (SEC) has filed serious charges against Unicoin Inc., a New York-based company, and three of its top executives. The agency claims the company deceived more than 5,000 investors by selling so-called “Rights Certificates” that were supposed to later convert into Unicoin crypto tokens.

🏦 False Claims About Billions in Real Estate
According to the complaint, Unicoin enticed investors with exaggerated claims—such as promises that future tokens would be backed by billions in real estate assets and pre-IPO equity.

In reality, the company held only a fraction of the assets it advertised, and much of the real estate it promoted was largely fictional.

📣 Aggressive Marketing – From Airports to Taxi Ads
Unicoin presented itself as a pioneer in digital investing.

Its promotional campaign included:
🔹 Airport billboards

🔹 Ads in thousands of New York taxis

🔹 TV commercials and social media campaigns
Investors were convinced they were buying a safe next-gen digital investment, with certificates redeemable 1:1 for Unicoin tokens.

🔍 What the SEC Says
According to SEC Deputy Director of Enforcement Mark Cave:
“Unicoin and its leadership exploited thousands of investors with fictional promises that its tokens would be backed by real assets, including a global portfolio of high-value real estate.”

💼 Inflated Numbers, No Real Registration
Investigators identified three major misrepresentations:
False asset backing – claims of billion-dollar reserves were fabricatedExaggerated sales – the company claimed over $3 billion in sales, but actually raised just $110 millionFake regulatory legitimacy – tokens and certificates were advertised as “SEC registered,” though no such registration existed

🧾 CEO Sold His Own Certificates
Unicoin’s CEO, Alex Konanykhin, allegedly sold nearly 38 million of his own certificates, often at a discount.

Also charged: former president Silvina Moschini and former CIO Alex Dominguez.
The SEC is requesting:
🔻 permanent bans on serving as executives in publicly traded firms

🔻 the return of unlawfully obtained profits

🔻 civil penalties for both individuals and the company

⚖️ Company Lawyer Settles and Pays Fine
The lawsuit also names Richard Devlin, Unicoin’s former general counsel, accusing him of repeating false claims in investor materials.
Without admitting or denying guilt, Devlin agreed to settle—he will pay a $37,500 civil penalty and is permanently barred from certain activities.

Summary:
👉 SEC accuses Unicoin and its leaders of $100M fraud

👉 Investors misled by promises of asset-backed tokens and SEC registration

👉 Executives face bans, restitution, and fines

👉 A harsh reminder of how digital hype can lead to very real legal consequences

#SEC , #CryptoFraud , #Cryptoscam , #CryptoSecurity , #CryptoNewss

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Crypto regulation is entering a new era as the SEC commits to ditching aggressive enforcement in favor of crystal-clear rules, unleashing long-awaited momentum for blockchain innovation.

Crypto Gets Regulatory Reset as SEC Chair Paul Atkins Prioritizes Clarity Over Crackdowns
U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins delivered a pointed message to lawmakers during his May 20 testimony before the House Appropriations Subcommittee on Financial Services and General Government: the agency is taking a new direction on crypto. Just weeks into his tenure, Atkins detailed an overhaul of how the SEC will approach digital asset markets, promising clarity and fairness for entrepreneurs and investors alike.
Central to Atkins’ remarks was a shift away from using enforcement actions as a primary tool to shape crypto policy. He made clear that rules will now be created through proper channels. Atkins stated:
A key priority of my chairmanship will be to develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad actors from violating the law.
“Clear rules of the road are necessary for investor protection against fraud—not the least to help them identify scams that do not comport with the law,” the SEC chair added. He underscored that enforcement should be used to uphold established obligations, not invent them.
Atkins praised the SEC’s Crypto Task Force, formed earlier this year by Commissioners Mark Uyeda and Hester Peirce, as an example of internal collaboration that’s helping bring long-awaited clarity to the sector. The Task Force is charged with crafting a coherent framework to regulate crypto markets in a way that fosters innovation while protecting investors. The SEC chief explained:
The task force has held four roundtables so far on further defining security status, tailoring regulation for crypto trading, custody considerations, and tokenization. I look forward to the input from industry and additional public feedback during the next roundtable on decentralized finance.
In addition to policy development, Atkins also proposed structural changes within the SEC to integrate innovation across all divisions, including plans to disband the Strategic Hub for Innovation and Financial Technology. He argued that forward-looking policies should not be the domain of a small office but part of the agency’s broader mission. His vision signals a major philosophical and procedural shift, one that seeks to balance robust investor protections with a market environment conducive to responsible blockchain innovation.

#binance #wendy #SEC $BTC

$XRP #SEC #ETFs

Those eagerly waiting for the U.S. Securities and Exchange Commission (SEC) to approve ETF products for Dogecoin and XRP will have to wait a bit longer. The SEC has announced that final decisions are now postponed until at least June. While the hope for approval remains, clarity won’t come for several more weeks.

🧾 Grayscale and 21Shares Must Be Patient
Two major firms — Grayscale Investments and 21Shares — behind the proposed ETFs haven’t gotten the green light yet. The SEC says it needs more time to assess whether the proposals meet legal requirements and adequately protect investors.
📍 21Shares filed its XRP ETF request back in February

📍 Grayscale followed with a Dogecoin ETF after launching the DOGE Trust in January

📅 New decisions are expected by June 17

💼 What’s at Stake – and Why the Buzz?
An ETF (Exchange-Traded Fund) allows investors to gain exposure to crypto assets without owning them directly – through traditional brokerage accounts. For altcoins like XRP and DOGE, approval would mark a major step toward mainstream legitimacy.

📊 Markets Stay Calm
Despite the delay, both cryptocurrencies held their ground:

🔹 XRP rose 1.66% to $2.355

🔹 Dogecoin gained 0.75%, trading at $0.2264
This signals continued investor confidence – with many seeing the possible approval of these ETFs as a major trigger for the upcoming altcoin season.

🔍 SEC Moves Slowly – But Isn’t Closing the Door
It’s not just DOGE and XRP. The SEC also postponed decisions on Solana ETF proposals from Bitwise and 21Shares, suggesting that the agency is not singling out any coin but instead taking a cautious, across-the-board approach to altcoin ETFs.
According to James Seyffart of Bloomberg ETF Analytics, these kinds of delays are normal. In the case of altcoin ETFs, the SEC is being more conservative than it was with BTC or ETH.

👤 New SEC Leadership = New Hope?
However, the recent appointment of Paul Atkins as SEC Chairman has sparked renewed optimism. Known for his progressive approach to innovation, Atkins may be more receptive to altcoin ETFs — even if the process takes time.

✅ Summary: The Clock Is Ticking – But the Game’s Still On
ETF proposals for Dogecoin and XRP are still in play, but don’t expect any final verdict until June. The SEC continues to review its options, keeping the crypto community waiting.
Still, this “holding pattern” could be an opportunity — if approval eventually comes, it might be one of the biggest triggers for the next altcoin rally.

#SEC , #DOGE , #xrp , #SEC , #etf

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“