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Sui (SUI), the native token of the Sui layer-1 blockchain, experienced a dramatic rally on May 1, surging 8.36% to … Continue reading
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Crypto lobbyists also dropped a lawsuit against the IRS.
The parties previously asked a judge to pause the case for 60 days.
As part of the settlement agreement, the SEC agreed to drop its claims that three of Nova Labs’ tokens, including the native HNT token, were securities.
The SEC staff statement was based on observations about previous disclosures, the agency said.
This review is part of efforts to ease regulatory pressure on the digital assets sector and may lead to new regulatory frameworks.
As a dozen crypto companies have been freed from enforcement actions and ongoing investigations, Unicoin remains in enforcement limbo.
Last August, New York judge Analisa Torres ordered Ripple to pay the regulator a $125 million fine for violating securities laws through institutional sales of XRP.
The Australian crypto company disclosed it had received a Wells notice from the U.S. SEC last November.
Two top financial regulators in the crypto space have a date with the Senate as SEC nominee Paul Atkins and OCC pick Jonathan Gould get a March 27 hearing.