Ripple transfers 60 million XRP even as US SEC lawsuit crawls on

To bolster its fair notice defence in a lawsuit filed by the Securities Exchange Commission (SEC), Ripple (XRP) claims two of their sitting Commissioners have spoken out about the lack of clarity on how securities laws apply to crypto.  Meanwhile, Ripple and Binance got caught on the radar as 110 million XRP tokens worth roughly […]
The post Ripple transfers 60 million XRP even as US SEC lawsuit crawls on appeared first on CryptoSlate.

Jim Cramer calls Tether (USDT) the ‘Achilles heel’ of crypto while USDC gets auditor greenlight

Triggered by this week’s sell-offs, Jim Cramer expressed his concerns that Tether, as “the Achilles heel” of cryptocurrency, brings further risk exposure to markets.
The post Jim Cramer calls Tether (USDT) the ‘Achilles heel’ of crypto while USDC gets auditor greenlight appeared first on CryptoSlate.

SEC lays the smackdown on alleged $12 million crypto scam ‘Profit Connect’

The U.S Securities and Exchange Commission (SEC) takes action against alleged crypto fraud perpetrated by Profit Connect Wealth Services Inc Through an emergency action filing, the U.S securities regulator obtained a temporary restraining order and froze the company’s assets in a bid to stop Profit Connect from operating.
The post SEC lays the smackdown on alleged $12 million crypto scam ‘Profit Connect’ appeared first on CryptoSlate.

SEC vs. Ripple update: Agreement to reschedule deposition on Ethereum and XRP 

Last week, US Magistrate Judge Sarah Netburn ruled that the former head of the US Securities and Exchange Commission’s (SEC) Division of Corporation Finance William Hinman will testify under oath.
The post SEC vs. Ripple update: Agreement to reschedule deposition on Ethereum and XRP  appeared first on CryptoSlate.

US Feds want to tame ‘wildcat’ stablecoins like Tether and USDC

A research paper titled “Taming Wildcat Stablecoins,” published in the Social Science Research Network (SSRN) by a professor of finance at Yale, Gary Gorton, and the US Federal Reserve attorney Jeffery Zhang, urges supervision of stablecoins.
The post US Feds want to tame ‘wildcat’ stablecoins like Tether and USDC appeared first on CryptoSlate.