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Cumberland, Bitnomial Lawsuits vs. SEC, Nigeria Denies Bail for US Compliance Officer

The U.S. SEC sues crypto market maker Cumberland DRW. Separately, crypto exchange Bitnomial sues the SEC and Nigeria denies bail for American crypto compliance officer Tigran Gambaryan. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.

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Bitnomial Exchange Sues U.S. SEC, Alleging Regulatory Overreach

Bitnomial's action follows a similar suit filed by Crypto.com on Tuesday.

(Tingey Injury Law Firm / Unsplash)

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U.S. Charges Overseas Crypto ‘Market Makers' for Fraud; Bitcoin 'Unlikely' a Currency: SEC Gensler

U.S. federal prosecutors charge four crypto market makers and over a dozen individuals for market manipulation and fraud after the FBI created a token to ensnare bad actors. Plus, SEC Chair Gary Gensler's latest comments on the crypto industry and VanEck unveils a fresh $30 million fund for fintech, digital asset and AI firms. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.

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Ripple Plans 'Cross-Appeal' in SEC Case

The SEC announced it was filing an appeal last week.

SEC Chair Gary Gensler and Ripple CEO Brad Garlinghouse (Kevin Dietsch/Getty and Scott Moore/Shutterstock/CoinDesk)

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SEC Chair Gary Gensler on Crypto: ‘It’s Unlikely This Stuff Is Gonna Be a Currency’

Gensler also called out fraud in crypto: “With all respect, the leading lights of this field in 202[4] are either in jail or awaiting extradition right now.”

SEC Chair Gary Gensler (Jesse Hamilton/CoinDesk)

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Crypto.com Sues U.S. SEC; Is Cardi B's WAP Token a Scam?

"CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today, as crypto exchange Crypto.com files a lawsuit against the U.S. SEC. Plus, Hong Kong SFC plans to approve more crypto exchanges to operate in the region and Cardi B promotes WAP token.

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Crypto.com Sues SEC, Chair Gary Gensler After Receiving Wells Notice

The case seeks to prevent the SEC from "unlawfully expanding its jurisdiction" to cover secondary-market sales of certain network tokens sold on the exchange.

Crypto.com CEO Kris Marszalek during a 2022 interview (Crypto.com)

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Bitcoin Flat Near $60K Amid Mideast Tensions; XRP Down 10% on Regulatory Uncertainty

Bitcoin and ether continue in the red at the start of the U.S. morning trade Thursday. This comes amid intensifying geopolitical tensions as Israel vows to retaliate against airstrikes from Iran fired earlier this week. Plus, XRP plunged more than 10% in the past 24 hours as the SEC announced that they would appeal the rulings of the Ripple case. CoinDesk's Christine Lee presents the "Chart of the Day."

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SEC Files Notice of Appeal in Ripple Case; Swift's Next Move With Global Banks

"CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today, as the U.S. SEC is appealing a federal judge's ruling in its case against Ripple. Plus, banks around the world will be able to use the Swift network to carry out trial digital assets transactions and Grayscale has introduced a new fund that offers exposure to Aave's AAVE token.

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SEC Files Notice of Appeal in Case Against Ripple

A federal judge ruled last year that the SEC had not made its case that Ripple violated securities law by selling XRP to retail customers through exchanges.

SEC Chair Gary Gensler and Ripple CEO Brad Garlinghouse (Kevin Dietsch/Getty and Scott Moore/Shutterstock/CoinDesk)