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🌙 SEC Seeks $1.9B From Ripple

🌙 SEC Seeks $1.9B From Ripple

Ripple CEO and chief legal officer said on Monday that the SEC was seeking nearly $2B in its case

Mike Gavela
March 26, 2024

Crypto Roundup - Mar 26

The SEC intensifies its crackdown on Ripple, proposing a substantial $1.9 billion penalty over regulatory disputes. Simultaneously, the United States sets its sights on KuCoin, alleging criminal activities related to operating without proper registration, signaling a broader regulatory examination of crypto exchanges. Meanwhile, the crypto community is keenly observing the legal fate of Sam Bankman-Fried, with speculations rife about the potential prison sentence he might face, highlighting the growing scrutiny and accountability within the cryptocurrency domain.

Top Stories:

SEC's $1.9 billion demand from Ripple underscores regulatory tensions in the crypto sector.
KuCoin under criminal charges in the U.S., spotlighting the need for regulatory compliance among crypto exchanges.
Speculation over Sam Bankman-Fried's sentencing reflects the intense focus on legal accountability in the cryptocurrency industry.

FUNDRAISES

We are so excited to announce our pre-seed fundraise completion:
At @0G_labs, we are building the first modular AI chain, and it has been our delight from day 1 to build the fastest programmable data availability solution for high-performance DApps. 🥳
— 0G Labs (@0G_labs)
1:34 PM • Mar 26, 2024

We are thrilled to announce that Gunzilla Games has secured $30M in funding! This round was co-led by @coinfund_io & @avax, with incredible support from @Morningstar_vc & @_rcapital_.
This funding accelerates the creation of @playoffthegrid and our innovative @GUNbyGUNZ… twitter.com/i/web/status/1…
— Gunzilla Games (@GunzillaGames)
3:33 PM • Mar 26, 2024

With immense pride, we share the milestone achievement that ALEX has secured $10 million in our latest funding round, led by @TheSpartanGroup. This funding round reflects the trust in our mission to innovate the Bitcoin financial landscape. Thanks to our partners and investors… twitter.com/i/web/status/1…
— ALEX 🟧 THE Finance Layer on Bitcoin (@ALEXLabBTC)
1:11 PM • Mar 26, 2024

OTHER HEADLINES

Galaxy's Novogratz: Macro factors, ‘boomer’ wealth to spur more crypto adoption

Galaxy Digital CEO Mike Novogratz thinks the approval of a bitcoin ETF is likely just the start of accelerated crypto adoption.

blockworks.co/news/galaxy-digital-earnings-btc-adoption

Worldcoin insists it doesn’t scan minors’ eyeballs after Portugal pulls the plug

Portugal is the latest nation to crack down on Sam Altman's online ID startup.

www.dlnews.com/articles/regulation/worldcoin-vows-to-stop-minors-from-getting-eyeball-scans

CFTC calls ETH a commodity in KuCoin complaint

In the CFTC’s complaint against the exchange, the regulator says that KuCoin allowed investors to trade commodities including BTC and ETH.

blockworks.co/news/cftc-alleges-eth-as-commodity-kucoin-lawsuit

CRYPTO TWITTER (X)

1/ Going forward, Coinbase is going to be storing more corporate and customer USDC balances on Base. This enables us to manage and secure customer funds with lower fees and faster settlement times, with no impact to the Coinbase user experience.
We are excited to continue to… twitter.com/i/web/status/1…
— Max Branzburg 🛡 (@maxbranzburg)
8:03 PM • Mar 26, 2024

we’re cardano girls
— LILY (@lilybrodi)
3:46 PM • Mar 25, 2024

Great to see @0xPolygon leading the adoption on RWAs!🔥🔥
— Sandeep AggLayer. polygon 💜 (@sandeepnailwal)
6:21 PM • Mar 26, 2024

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