EddieJayonCrypto
13 Feb 25
U.S. Securities and Exchange Commission's (SEC) recent actions in 'crypto' litigation, including motions to stay legal proceedings against Binance, Lejilex, and Cumberland DRW. It highlights a shift in the SEC's approach under new leadership and the potential impact on high-profile suits, such as th...
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The U.S. Securities and Exchange Commission (SEC) and Binance have agreed to pause litigation for 60 days. The SEC seeks delay in Lejilex suit and market-maker Cumberland DRW case. SEC's Peirce questions SEC's jurisdiction over memecoins. Additionally, Trump's nominee for CFTC chair, Brian Quintenz, gains support, while Jonathan Gould is nominated to lead the Treasury Department's OCC. The article delves into the potential impact of the SEC's new approach under new leadership and its implications for high-profile suits such as the one against Coinbase.
The SEC's power dynamics, struggles, and strategic reshuffling, as well as the nominations of key figures in financial regulatory bodies, are dissected. Moreover, Moonpay's involvement in Trump's memecoins and the failure to implement a 'national digital asset stockpile' are also explored. The article sheds light on World Liberty Financial's strategic reserve plans and collaborations, providing a comprehensive overview of recent developments in the cryptocurrency and stock market landscape.
Written by Steven Stradbrooke