The US Court of Appeals for the Third Circuit has delivered its opinion in the ongoing legal battle between cryptocurrency exchange Coinbase and the Securities and Exchange Commission (SEC).
In a Jan. 13 ruling, the three-judge panel partially granted Coinbase’s petition but stopped short of ordering the SEC to initiate rulemaking proceedings for clearer cryptocurrency regulations.
Coinbase’s appeal originated from its 2022 request urging the SEC to establish “rules to govern the regulation of securities that are offered and traded via digitally native methods, including potential rules to identify which digital assets are securities.”
The SEC rejected Coinbase’s petition in 2023, leading the exchange to take the matter to court.
The appellate judges found the SEC’s refusal to create specific crypto rules was “conclusory and insufficiently reasoned, and thus arbitrary and capricious.”
“We properly remand to the SEC to explain itself; it should not give yet another poor explanation in an already-long line of them,” the court wrote in its opinion.
It added, “New inventions create new fraud risks, and the agency needs to guard against them.
But sporadically enforcing ill-fitting rules against crypto companies that are trying to follow the law goes way beyond fighting fraud.
It targets a whole industry and risks de facto banning it.
On remand, the SEC must grapple with that problem.”
This ruling marks a significant moment in the ongoing debate over how the US should regulate cryptocurrencies.
Coinbase and other crypto companies have long argued for clearer guidance to avoid arbitrary enforcement actions.
While the court did not force the SEC to draft new rules, its decision signals that the regulator must provide more substantial reasoning for its actions in the crypto space.
Degen Elon could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Degen Elon (ELONDEG), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.
This is because ELONDEG is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Degen Elon can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Degen Elon could become the next viral memecoin.
Degen Elon launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Degen Elon on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Degen Elon by entering its contract address – DnjQgB68KcXAf9kHei6jEdaWgPrzy2fQUqyzB4NKeC3X – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ELONDEG.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Degen Elon could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Degen Elon (ELONDEG), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.
This is because ELONDEG is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Degen Elon can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Degen Elon could become the next viral memecoin.
Degen Elon launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Degen Elon on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Degen Elon by entering its contract address – DnjQgB68KcXAf9kHei6jEdaWgPrzy2fQUqyzB4NKeC3X – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ELONDEG.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
King Pepe on Solana could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
King Pepe on Solana (PEPESOL), a new Solana memecoin that was launched today, is set to explode over 13,000% in price in the coming days.
This is because PEPESOL is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, King Pepe on Solana can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and King Pepe on Solana could become the next viral memecoin.
King Pepe on Solana launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy King Pepe on Solana on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for King Pepe on Solana by entering its contract address – xArnFwydB12BkKVXKy436TwCrSSfFcC7kXx7p2fGEWh – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPESOL.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Degen Elon could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Degen Elon (ELONDEG), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.
This is because ELONDEG is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Degen Elon can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Degen Elon could become the next viral memecoin.
Degen Elon launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Degen Elon on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Degen Elon by entering its contract address – DnjQgB68KcXAf9kHei6jEdaWgPrzy2fQUqyzB4NKeC3X – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ELONDEG.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
XRP appears positioned for a 60% price increase after breaking out of a symmetrical triangle pattern on its chart.
This bullish outlook coincides with positive developments in Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
XRP Eyes $4 in the Short Term
Symmetrical triangles often signal bullish continuation when the price breaks above the upper trendline with increased trading volume.
On January 11, XRP entered the breakout phase of its triangle pattern.
Based on the pattern’s height added to the breakout point, the price target for XRP is estimated at $4.
Independent analyst World of Charts predicts XRP could hit this level “in the next couple of days.”
However, XRP has shown signs of retreating toward the triangle’s lower trendline around $2.37.
Falling below this level would invalidate the bullish breakout, increasing the likelihood of a decline toward the lower trendline near $2.30, which aligns with the 50-12H exponential moving average.
Conversely, maintaining support above the upper trendline would sustain the $4 target.
Ripple Gains Momentum Against SEC
XRP’s breakout comes shortly after Ripple secured a minor win in its legal dispute with the SEC.
On January 11, a federal judge granted Ripple’s motion to file certain documents under seal to protect sensitive and personal information.
Meanwhile, the SEC faces a January 15 deadline to file its appeal-related opening brief.
The appeal challenges Judge Analisa Torres’ ruling that XRP’s regular sales do not meet the Howey Test criteria for securities.
The SEC’s appeal has contributed to XRP’s price volatility since mid-2023.
With Gary Gensler stepping down as SEC Chair on January 20, some anticipate a shift in the agency’s crypto policy under incoming Chair Paul Atkins, known for favoring free markets and opposing over-regulation.
“Paul has also always believed that SEC Enforcement can be too heavy-handed,” said John Reed Stark, former chief of the SEC Office of Internet Enforcement.
Donald Pumps could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Donald Pumps (DONPUMPS), a new Solana memecoin that was launched today, is set to explode over 16,000% in price in the coming days.
This is because DONPUMPS is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Donald Pumps can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Donald Pumps could become the next viral memecoin.
Donald Pumps launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Donald Pumps on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Pumps by entering its contract address – 4AiQS1KegadchxjSm4hmifemyRE7gyk3Hieca9wGXGts – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONPUMPS.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Singapore has taken action against Polymarket, a cryptocurrency-based prediction market, as part of its efforts to combat unlicensed gambling platforms.
On January 12, several users in Singapore reported being unable to access Polymarket.
Alex Zuo, Vice President of Investment and Custody at Cobo Global, commented on X:
“Polymarket is officially defined as a gambling website in Singapore. If you want to place a bet, you can only go to a state-owned gambling company. Otherwise, you will face fines and imprisonment.”
Users attempting to visit Polymarket are greeted with a warning under Section 20 of the Gambling Control Act 2022.
The act imposes penalties of up to SG$10,000, jail terms of up to six months, or both for gambling with unlicensed operators.
The warning from the Gambling Regulatory Authority (GRA) reads:
“You have attempted to access an illegal gambling site hosted by an unlicensed gambling service provider. Singapore Pools is the only licensed online gambling operator in Singapore.”
Regulatory Landscape
The GRA, established on August 1, 2022, oversees all forms of gambling in Singapore.
It was created by restructuring the Casino Regulatory Authority to address the changing nature of gambling products and services.
Polymarket operates on the Polygon blockchain, allowing users to bet on global events using USD Coin (USDC).
From January 1, the Singapore Police Force assumed enforcement authority for illegal gambling.
According to the GRA, Singapore Pools is the sole operator licensed to offer remote gambling services.
Violators face fines of up to SG$500,000 and imprisonment of up to seven years, with repeat offenders subject to harsher penalties.
Since 2015, the GRA has blocked more than 3,800 gambling websites and SG$37 million in transactions.
Singapore’s Crypto Leadership
Despite its strict gambling regulations, Singapore is a blockchain and cryptocurrency hub.
A December study by ApeX Protocol highlighted Singapore’s 1,600 blockchain patents, 2,433 crypto-related jobs, and 81 cryptocurrency exchanges.
In 2024, Singapore doubled its issuance of digital asset licenses, granting 13 major payment institution licenses, more than twice the number in 2023.
Solana-based decentralized exchange Mango Markets has announced its closure.
On January 11, Mango Markets shared on its X account: “We are shutting down. It’s time for users to close their positions.”
The decision follows governance proposals that unanimously supported adjustments to interest rates and collateral requirements, effectively terminating borrowing and lending services. These changes will take effect on January 13.
SEC Settlement
The shutdown comes after a settlement with the US Securities and Exchange Commission (SEC).
On September 27, 2024, the SEC filed charges against Mango DAO and the Blockworks Foundation for selling unregistered securities.
According to the SEC, Mango raised over $70 million in August 2021 by selling MNGO governance tokens in violation of the Securities Act of 1933.
The SEC also accused Mango Labs of operating as an unregistered broker, breaching the Securities Exchange Act of 1934.
As part of the settlement, Mango DAO agreed to pay $700,000 in penalties, destroy its MNGO tokens, and request the delisting of these tokens from exchanges.
“Since the inception of our crypto enforcement program, our view has been that the label ‘DAO’ does not change the reality of who is behind a project,” said Jorge Tenreiro, chief of the SEC’s Crypto Assets and Cyber Unit.
Legal and Financial Struggles
Mango Markets’ difficulties date back to an October 2022 exploit by crypto trader Avraham “Avi” Eisenberg, who drained over $100 million from the platform.
Although Eisenberg returned $67 million as part of a governance vote, he kept $40 million.
US authorities arrested Eisenberg in December 2022, charging him with fraud and market manipulation.
He faces up to 20 years in prison, with his sentencing delayed multiple times due to legal complexities.
Mango Markets was launched in August 2021, offering fast and affordable trading and lending services using its MNGO governance token.
At the time of writing, the platform holds $9 million in total value locked, a sharp decline from its $210 million peak in November 2021, according to DefiLlama.
Donald Pumps could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Donald Pumps (DONPUMPS), a new Solana memecoin that was launched today, is set to explode over 16,000% in price in the coming days.
This is because DONPUMPS is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Donald Pumps can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Donald Pumps could become the next viral memecoin.
Donald Pumps launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Donald Pumps on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Pumps by entering its contract address – 4AiQS1KegadchxjSm4hmifemyRE7gyk3Hieca9wGXGts – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONPUMPS.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.