The U.S. Securities and Exchange Commission (SEC) has issued yet another Wells Notice in its ongoing regulatory sweep across the crypto industry, this time targeting Immutable, a prominent blockchain protocol designed for the next generation of Web3 games. Immutable’s native token, IMX, is now the focal point of allegations from the SEC, which claims the […]
In a comprehensive update from the Blockchain Association and HarrisX, the crypto industry has reported staggering compliance costs reaching $400 million due to U.S. Securities and Exchange Commission (SEC) actions. Since April 2021, when Gary Gensler took over as SEC Chair, enforcement measures have intensified, forcing major players like Ripple, Coinbase, and Kraken to reallocate
While Ripple grapples with its legal situation, another major development is stirring optimism among XRP investors. The U.S. SEC recently acknowledged an ETF application from Grayscale Investments to convert its Digital Large Cap Fund (GDLC) into an exchange-traded fund. If approved, the ETF would grant institutional investors regulated exposure to major digital assets, including Ripple’s
XRP Whale Moves $15.8 Million to Exchange: Ripple’s Legal Pressures Mount Read More »
