- Story Log
User | Time | Action Performed |
---|---|---|
-
SEC Refuses to Back Off Case Against Coinbase Crypto Exchange
The Securities and Exchange Commission doubled down on accusations against Coinbase Global Inc., raising the stakes further in its case against the biggest US crypto exchange. The SEC on Tuesday asked a federal judge to reject Coinbase’s attempts to have the agency’s lawsuit tossed. The company had argued that the watchdog had “abused its discretion” in claiming that the firm was offering crypto products that were unregistered securities. Industry advocates and critics alike are looking at the Coinbase case for answers to longstanding questions about the SEC’s jurisdiction over digital assets. The agency ... (full story)
- Comments
- Subscribe
-
- Older Stories
post: [DB] Judge Rejects SEC Motion to Appeal Ripple RulingSEC vs Ripple Full Order Plaintiff, the Securities and Exchange Commission (the “SEC”), brings this action against Defendants Ripple Labs, Inc. (“Ripple”) and two of its senior leaders, Bradley Garlinghouse and Christian A. Larsen, alleging that Defendants engaged in the unlawful offer and sale of securities in violation of Section 5 of the Securities Act of 1933 (the “Securities Act”), 15 U.S.C. §§ 77e(a), (c). Am. Compl. 9, 430–35, ECF No. 46. The SEC also alleges that Larsen and Garlinghouse aided and abetted Ripple’s Section 5 violations. Id. 9, 436–40. On July 13, 2023, the Court granted in part and denied in part the parties’ cross-motions for summary judgment (the “Order”). Order, ECF No. 874; see SEC v. Ripple Labs, Inc., No. 20 Civ. 10832, 2023 WL 4507900 (S.D.N.Y. July 13, 2023). The SEC now moves to certify for interlocutory appeal two holdings in the Order. ECF No. 892; SEC Mem. at 1, ECF No. 893. For the reasons stated below, the SEC’s motion for certification of the interlocutory appeal is DENIED.
Cryptocurrency prices trended lower for a second day on Tuesday as U.S. Treasury yields continued to climb, with the 10-year note hitting a 16-year high of 4.81% in the afternoon, ...
Long bond yields have hit new highs and the EUR/USD has tanked. Yet, the big picture regarding the economic and inflation outlook remains roughly unmoved. We keep our central bank ...
-
- Newer Stories
Tokenization has become the latest buzzword in discussions about cryptocurrencies as the concept of making it so that assets of all forms can be recorded and tracked on a ...
For much of the last year, recession fears have been building against a sharp rise in interest rates and market uncertainty. Only recently has there been a shift in sentiment. ...
The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50% Interest rates are constraining economic activity and reducing inflationary pressure as required. Demand growth in the economy continues to ease. While GDP growth in the June quarter was stronger than anticipated, the growth outlook remains subdued. With monetary conditions remaining restrictive, spending growth is expected to decline further. Globally, economic growth remains below trend and headline inflation has eased for most of our trading partners. Core inflation has also eased, but to a lesser extent. Weakening global demand is putting downward pressure on New Zealand export volumes and prices. Apart from oil, global import prices have eased. While the imbalance between supply and demand continues to moderate in the New Zealand economy, a prolonged period of subdued activity is required to reduce inflationary pressure. There is a near-term risk that activity and inflation do not slow as much as needed. Over the medium term, a greater slowdown in global economic demand, particularly in China, could weigh more on commodity prices and New Zealand export revenue. The Committee agreed that the OCR needs to stay at a restrictive level to ensure that annual consumer price inflation returns to the 1 to 3% target range and to support maximum sustainable employment. post: RBNZ: NEAR-TERM RISK THAT ACTIVITY AND INFLATION DO NOT SLOW AS MUCH AS NEEDED #News #Markets #RBNZ #INFLATION #live post: RBNZ: INTEREST RATES ARE CONSTRAINING ECONOMIC ACTIVITY AND REDUCING INFLATIONARY PRESSURE AS REQUIRED post: RBNZ MINUTES: COMMITTEE NOTED INFLATION IS STILL EXPECTED TO DECLINE TO WITHIN THE TARGET BAND BY THE SECOND HALF OF 2024 #News #Markets #RBNZ #INFLATION #live post: RBNZ MINUTES : RECENT INDICATORS SHOW THAT EMPLOYMENT INTENTIONS ARE FLAT AND DIFFICULTY IN FINDING LABOUR HAS REDUCED
- Story Stats
- Posted: Oct 3, 2023 7:11pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 232