htimol5a

@htimol5a

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Beautiful day! Taking the dog out for a walk.

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Crypto self-custodial wallet MetaMask is set to expand support to the Bitcoin and Solana networks and eventually remove gas fees as part of a roadmap of updates for the year.

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Bitcoin has since rebounded to $92,260, though crypto market sentiment has dropped to its lowest level in over five months.

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Securities regulators had been investigating Robinhood’s cryptocurrency operations for the better part of a year. As Cointelegraph reported, Robinhood’s US-based crypto business was subject to an SEC Wells notice on May 4, 2024. At the time, the SEC made a “preliminary determination” to recommend enforcement actions tied to alleged securities violations.

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https://warpcast.com/htimol5a/0xfa7caa11

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The suit also names co-founder Fred Ehrsam, financial chief Alesia Haas, operating chief Emilie Choi, legal chief Paul Grewal, accounting head Jennifer Jones, along with board members Fred Wilson, Mark Andreessen, Kelly Kramer, Gokul Rajaram and Tobias Lütke, as well as former board member Kathryn Haun.

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The complaint demanded a trial by jury and is seeking damages and corporate governance reforms to prevent similar misconduct.

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Guo claimed these actions led to substantial losses, regulatory penalties, lawsuits, and reputational damage for Coinbase.

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The suit alleged that executives, including CEO Brian Armstrong — who was named in the suit — sold millions in stock and made hundreds of millions in personal profits.

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Guo’s lawsuit also pointed to the Securities and Exchange Commission’s June 2023 lawsuit against Coinbase, alleging that the company listed unregistered securities and failed to register with the agency.

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“This is very standard. The SEC also had 90 days to draft its initial brief. The only question here is — will the brief need to be filed at all??”

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Ripple’s request has once again turned the spotlight on this ongoing and critical crypto court case. However, some expected the SEC to withdraw the case. Jeremy Hogan, partner at Hogan & Hogan, said on X:

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Judge Torres later ordered the company to pay more than $125 million to the SEC for violating securities laws, considering that Ripple also offered XRP as part of institutional sales.

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A brief deadline is the date by which a party must file a written legal argument with the court. Often, a brief is needed within a certain amount of time after the appealing party files its opening brief. The amount of time, including a possible deadline extension, depends on the rules of the specific court handling the appeal.

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In a Jan. 23 request, Michael Kellogg, a member of Ripple’s legal team, cited the crypto company’s CEO, Brad Garlinghouse, and co-founder, Chris Larsen, as joining “in this request.”

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Ripple Labs has formally requested an April 16 deadline for its cross-appeal brief in its ongoing legal dispute with the US Securities and Exchange Commission. The move is considered standard procedure.

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Under Prime Minister Keir Starmer, the UK government has announced plans to introduce a comprehensive crypto regulation framework by 2026. The PM said in January that the government also intended to adopt a 50-point artificial intelligence action plan as part of a strategy to help drive economic growth.

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The venture capital firm opened its London crypto office in 2023, saying at the time the country was a “predictable business environment.” Former Conservative Party leader Rishi Sunak was serving as UK prime minister at the time, but power shifted to the Labour Party following a July 2024 election.

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“This doesn’t change our confidence in the UK’s growing role in crypto and blockchain,” said the a16z Crypto chief operating officer. “We will continue to invest in great entrepreneurs no matter where they are in the world, including the UK. We also remain ready to help the UK with its ongoing crypto efforts.”

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In a Jan. 24 X post, Anthony Albanese, chief operating officer of Andreessen Horowitz’s crypto arm, said the firm had been encouraged by “enthusiasm for crypto building and adoption” in the UK but still planned to close its office. According to Albanese, the venture capital company intended to focus its efforts on the US market based on Trump’s actions during his first week in office.

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