Altcoin News by Thebittimes.Com

Cardano Foundation’s Stance $ADA Security Classification Under US law, the recent classification of ADA as a security by the SEC has been met with disagreement from Frederik Gregaard, CEO of the Cardano Foundation. The Cardano Foundation engages with regulators and policymakers to achieve legal clarity and certainty. advertisement SEC Chair Gary Gensler has consistently maintained that most crypto assets are securities, except for Bitcoin (BTC).  According to the Bloomberg report, these assets are considered investment contracts and should be registered with the agency. Ripple, a blockchain company, has been engaged in a legal battle with the SEC, as it accuses Ripple of illegally issuing and selling the XRP token, which the SEC views as a security rather than a commodity. US SEC Lawsuits and Potential Delisting on Robinhood The SEC has recently filed lawsuits against leading crypto exchanges, including Binance and Coinbase, alleging that they off...

The FTX event has some interesting updates surfacing each day. Watcher.Guru had earlier reported that the US Department of Justice (DOJ) was eyeing to seize the Robinhood shares of Sam Bankman-Fried. According to the court documents, SBF had used a loan obtained from Alameda Research to purchase the shares. Earlier Delaware court filing reports from Jan 6 reveal that SBF was seeking access to his 55 million Robinhood shares. SBF wanted access to his $450 million HOOD shares to cover his legal fees. Now, according to the latest reports, the DOJ has officially seized the Robinhood shares of SBF . JUST IN: 🇺🇸 US government officially seizes SBF 's $455 million Robinhood $ HOOD shares. — Watcher.Guru (@WatcherGuru) January 9, 2023 FTX’s HOOD shares worth $455 million seized The stock had been held at a UK-based brokerage ED&F Man. The court document details also reveal that the seized assets constitute property that is involv...