On August 7, 2024, the U.S. District Court for the Southern District of New York permanently enjoined Ripple from future violations of Section 5 of the Securities Act of 1933—that is, from the unregistered offer and sale of...more
On March 8, 2024, the U.S. Court of Appeals for the Second Circuit reversed and remanded a District Court decision that dismissed all claims by plaintiff crypto investors against Binance, an international electronic exchange...more
3/21/2024
/ Appeals ,
Blue Sky Laws ,
Broker-Dealer ,
Class Action ,
Crypto Exchanges ,
Cryptocurrency ,
Extraterritoriality Rules ,
Foreign Jurisdictions ,
Investors ,
Securities and Exchange Commission (SEC) ,
Token Sales
On Sept 13, 2023, for its second non-fungible token (NFT) related enforcement action, the SEC issued a settled Order against Stoner Cats 2, LLC (“SC2”) for SC2’s offer and sale of 10,320 NFTs linked to images of characters...more