ChainCatcher news, according to CNBC, Ripple announced this week that the U.S. Securities and Exchange Commission has officially withdrawn its four-year lawsuit against the company. CNBC stated that this represents the end of the SEC's years-long crackdown on the cryptocurrency industry. The Ripple case may become the final chapter of related lawsuits, as this case was filed on the last day of former SEC Chairman Jay Clayton's tenure.As of now, lawsuits or investigations against Coinbase, Kraken, Robinhood, Binance, and OpenSea have all been withdrawn, resolved, or put on hold.

ChainCatcher news, according to crypto journalist Eleanor Terrett, after the U.S. Securities and Exchange Commission (SEC) agreed to withdraw its appeal against Ripple, the cryptocurrency derivatives exchange Bitnomial plans to withdraw its lawsuit against the SEC. Bitnomial had previously sued the SEC last October, as the SEC claimed regulatory authority over Bitnomial's planned XRP futures contracts.Terrett further revealed that Bitnomial will officially launch its XRP futures contracts, which have been approved by the U.S. Commodity Futures Trading Commission (CFTC), tomorrow morning.

ChainCatcher news, according to Cointelegraph, the law firm Burwick Law has filed a lawsuit on behalf of its clients in the New York Supreme Court against Kelsier Ventures, KIP Protocol, Meteora, and related parties regarding the issuance of LIBRA tokens. This class action complaint accuses the defendants of orchestrating an unfair token issuance campaign that misled purchasers and harmed the interests of retail investors.

ChainCatcher news, according to Cointelegraph, four suspects have been charged with the armed robbery of online streamer Amouranth (real name Kaitlyn Siragusa). The suspects include two minors aged 16-17, who are accused of entering the home with firearms and demanding the streamer hand over her cryptocurrency private keys.The incident occurred on the evening of March 2, when several armed individuals broke into Siragusa's home, assaulted her, and threatened her with a gun, demanding access to her cryptocurrency. Fortunately, Siragusa's husband was informed of the situation through a phone call and surveillance cameras. While the suspects searched for cold wallet devices, Siragusa managed to escape and reunite with her husband, who then fired at the intruders, causing them to flee the scene.It is reported that Siragusa had previously revealed online that she held approximately 211 bitcoins, worth over $20 million, which may have made her a target for the robbery.

ChainCatcher news, according to Bitcoin.com, last Sunday, Marla Maples, the second wife of U.S. President Donald Trump, posted on social media platform X, calling for Trump and his team to drop the lawsuit against early Bitcoin investor Roger Ver. Videos related to Roger Ver's charitable work have been widely circulated online, with several libertarian advocates, including "Students for Trump" co-founder Ryan Fournier, among the disseminators.Last week, a group of international supporters released a video showcasing Roger Ver's charitable work, which Trump’s ex-wife Marla Maples retweeted to her 61,500 followers on the X platform on Sunday. Maples added, "Share more about the call to drop the lawsuit against Roger Ver." In her message, she tagged U.S. Attorney General Pam Bondi, White House Counsel Dave Warrington, Elon Musk, and President Trump’s @realDonaldTrump X account.In May of last year, Roger Ver was arrested in Spain and was charged by the U.S. with mail fraud, tax evasion, and submitting false tax returns. He is known online as "Bitcoin Jesus" and is the former CEO of digital wallet developer Bitcoin.com.

ChainCatcher news, Token Metrics CEO Ian Balina said on Wednesday that he expects the U.S. Securities and Exchange Commission (SEC) to dismiss the lawsuit against him, thus ending a three-year legal battle over allegations of violating U.S. securities laws. "This is official news: the SEC will dismiss the charges against me," Balina wrote on Twitter. "This was never just about me, but about fairness in cryptocurrency." The allegations against Balina stem from a September 2022 order stating that he failed to disclose the compensation he received while promoting the Sparkster (SPRK) initial coin offering. To support the CEO's claim, Token Metrics stated on Twitter on Monday that the allegations have been "dismissed," adding that "enforcement trends may be shifting."

ChainCatcher news, according to Forbes business reporter Eleanor Terrett, the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple is in its final stages and may conclude soon.According to two insiders, the delay in reaching an agreement is due to Ripple's legal team negotiating the terms of last August's district court ruling, hoping to secure more favorable conditions.The ruling imposed a $125 million fine on Ripple and permanently prohibited it from selling XRP to institutional investors. Insiders indicate that Ripple believes if the new leadership at the SEC is clearing the enforcement records for all previously investigated cryptocurrency companies, then why should Ripple still be penalized. Accepting Judge Torres's ruling would essentially mean Ripple acknowledges wrongdoing, while now the SEC itself seems uncertain whether any violations occurred.

ChainCatcher news, according to statistics, as of now, the U.S. Securities and Exchange Commission (SEC) has rejected or suspended lawsuits and investigations against 11 crypto companies/individuals, including: Binance (February 10), Coinbase (February 21), OpenSea (February 21), Robinhood (February 24), Uniswap (February 25), Justin Sun (February 26), Consensys (February 27), Kraken (March 3), Yuga Labs (March 4), DRW (March 4). (Cointelegraph)

ChainCatcher news, according to Fortune, Hester Peirce, a Republican commissioner of the U.S. Securities and Exchange Commission (SEC) known as the "crypto mom," defended the SEC's recent decision to drop lawsuits against several cryptocurrency companies in an interview. She stated, "Our laws should not be a game of hide and seek. Let's take a step back, re-examine these issues, and listen to people's opinions. Now people know they can come and talk to us."In the first month of the Trump administration, the SEC has suspended or withdrawn key lawsuits and investigations against leading crypto companies such as Coinbase, Binance, Kraken, and Yuga Labs. Peirce is leading a special task force aimed at establishing clearer rules for the blockchain industry. This task force has held a series of meetings with key figures in the crypto space, including Michael Saylor of MicroStrategy, Fidelity, and Robinhood.Peirce believes it is unreasonable to involve multiple courts in these cases before the SEC has clarified the relevant issues internally. Unlike former chairman Gary Gensler, who prioritized consumer protection, Peirce opposes the so-called "nanny state" approach to protecting investors from making poor choices. She stated, "People lose money on many different things. If the SEC's jurisdiction standard becomes whether you might lose money when buying something, then our jurisdiction would be enormous. But that is not the jurisdiction Congress has given us."

ChainCatcher news, according to Jinshi reports, court documents show: The U.S. court dismissed the preliminary injunction requested by Musk in the lawsuit against OpenAI.

ChainCatcher news, the cryptocurrency trading firm Cumberland DRW announced on platform X that it has signed a joint application with the U.S. Securities and Exchange Commission (SEC) to seek the dismissal of the lawsuit filed against it by the SEC. The agreement was reached in principle by both parties on February 20 and is currently awaiting approval from the SEC commission.The SEC sued Cumberland DRW last October, accusing it of operating as an unregistered securities dealer and selling over $2 billion in unregistered securities.

ChainCatcher news, according to official news, cryptocurrency exchange Kraken stated that the U.S. SEC has agreed to withdraw its lawsuit against it. Currently, SEC staff have in principle agreed to dismiss the lawsuit against Kraken, not admitting any wrongdoing, not paying fines, and not changing its business.

ChainCatcher news, according to Bloomberg, a federal judge in Brooklyn, New York, has dismissed the lawsuit filed by the U.S. SEC against cryptocurrency founder Richard Heart. The founder was accused of illegally using millions of dollars of investor funds to purchase a 555-carat black diamond. The SEC alleged that Heart raised over $1 billion through the sale of unregistered securities, including Hex tokens and other digital assets related to his PulseChain blockchain network and PulseX decentralized finance platform. In the initial lawsuit, the agency stated that Heart and PulseChain used at least $12.1 million of investor funds for personal luxury purchases, including diamonds, expensive watches, and high-end cars. Judge Carol Amon found that the SEC failed to provide sufficient facts to prove that these actions occurred in the United States, allowing the SEC to amend its complaint to "correct the identified deficiencies."

ChainCatcher News, SEC Commissioner Hester M. Peirce issued a statement saying that the SEC has officially withdrawn its civil enforcement action against Coinbase and will not take further action in this case. Peirce made it clear that she has never supported the case and criticized the SEC's previous reliance on enforcement actions to regulate the cryptocurrency industry, arguing that it harms the public interest in the United States, hinders industry development, and obstructs the normal functions of the SEC's professional policy team.Peirce pointed out that the SEC's broad application of the Howey test has led to regulatory ambiguity, making it difficult for compliant businesses to operate, while wrongdoers exploit regulatory gray areas to evade legal responsibilities. Furthermore, due to the lack of a clear regulatory framework, many cryptocurrency companies are forced to spend significant resources on legal defenses rather than on product innovation. She believes that the SEC's previous approach of making policy through enforcement not only misleads the industry but also prevents the policy team from effectively participating in the formulation of industry rules.She emphasized that the current SEC has established a "Crypto Task Force," empowering the policy team to take the lead in collaborating with the public to develop a regulatory framework applicable to the cryptocurrency industry. This withdrawal of the lawsuit does not mean that the SEC is abandoning enforcement; rather, it indicates that future regulation will focus on policy-making rather than solely relying on enforcement actions.

ChainCatcher news, according to Bloomberg, DraftKings Inc. has agreed to pay $10 million to settle a lawsuit that accused the sports entertainment company of violating state and federal securities laws in the sale of NFTs.According to the brief, the proposed settlement funds will be distributed to users who purchased, held, or sold DraftKings NFTs from August 11, 2021, until the judgment takes effect.

ChainCatcher news, U.S. court documents show that the SEC, along with Justin Sun, the Tron Foundation, the BitTorrent Foundation, and Rainberry, has jointly filed a motion in the Southern District of New York Federal Court to suspend the SEC's fraud lawsuit against Sun and Tron to consider "potential resolutions."The documents indicate that suspending the lawsuit is in the interest of all parties, will not harm any party or the public, and can avoid a court ruling on Tron’s motion to dismiss the lawsuit, thereby saving judicial resources. If the judge approves, the case will be suspended for 60 days, during which both parties must submit a joint status report.The SEC sued Sun and his affiliated companies in 2023, accusing them of market manipulation, fraud, and issuing unregistered securities. This application is similar to the SEC's handling of the Coinbase and Binance cases, which may indicate that both parties are approaching a settlement.

ChainCatcher news, following Coinbase and Robinhood, exchanges like Binance and Kraken may see a turnaround. The lawsuits against these platforms are based on the same regulatory logic as the Coinbase case, and the SEC's abandonment of the lawsuit will create a demonstration effect. Regulatory expert Amy Lynch stated that the enforcement of securities laws by the U.S. Securities and Exchange Commission may also be "severely limited," partly due to the influence of the Department of Government Efficiency (DOGE), as DOGE may scrutinize the SEC's internal operations more closely and attempt to streamline the agency.