SEC Expands Investigation with South Korean Collaboration
The United States Securities and Exchange Commission (SEC) has amplified its scrutiny of Terraform Labs by forming a partnership with the South Korean government.
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The United States Securities and Exchange Commission (SEC) has amplified its scrutiny of Terraform Labs by forming a partnership with the South Korean government.
The ruling has the potential to be a game-changer for the crypto industry, with implications that extend beyond Ripple's case. Pending cases, such as that of Coinbase, could be influenced by this decision.
According to Marc Fagel, an SEC veteran and former Director, a ruling in the case between the SEC and Ripple might be coming in days.
Ripple's general counsel drew attention to SEC's inconsistencies.
Binance disagrees with the SEC's allegations
The recent Wells notice from the SEC to Coinbase has sparked another reaction from Ripple.
The exchange said the issue was caused by a third-party cloud service provider.
OKX will also regularly publish Proof of Reserve audits.