The SEC has closed the investigation into Yuga Labs, signaling regulatory shift. Experts see this as a boost for NFT projects and investor confidence. Continue Reading: SEC Signals Positive Shift in NFT Market Regulations The post SEC Signals Positive Shift in NFT Market Regulations appeared first on COINTURK NEWS .
The post SEC Reveals Key Members Of The Crypto Task Force: Know Here appeared first on Coinpedia Fintech News In a press release on Monday, the Securities and Exchange Commission announced the members of the Crypto Task Force staff, which is advising the Commission on matters related to crypto. The Task Force is made up of experienced agency officials and digital asset experts. Led by Commissioner Hester Peirce, a vocal advocate for clearer crypto rules, the team brings together top talent in law, policy, and blockchain regulation. Notably, the task force is composed of staff from the Acting Chairman MarkUyeda’s office and other divisions and offices across the Commission. NEW: @SECGov Commissioner @HesterPeirce has announced the full #Crypto Task Force — staffers who are advising the Commission on matters relating to digital assets. According to the memo posted to the SEC website, the task force is composed of staff from Acting Chairman… pic.twitter.com/ieKfmoyKRx — Eleanor Terrett (@EleanorTerrett) March 3, 2025 Comprised of 15 members, the team includes a Chief of Staff, Chief Counsel, Chief Policy Advisor, and Chief of Operations, along with 10 senior advisors from various SEC divisions. Richard Gabbert, a longtime SEC staff member and Peirce’s former counsel, has been appointed chief of staff. Mike Selig is the new chief counsel of the Crypto Task Force. He was previously a partner at the New York office of the law firm Willkie Farr & Gallagher, where he worked in their crypto practice. Before that, he interned at the Commodity Futures Trading Commission (CFTC). Former CFTC Chairman Chris Giancarlo, known as “CryptoDad,” congratulated Selig on the new role. Giancarlo is also senior counsel at Willkie Farr, leading the firm’s Digital Works practice. Other members include crypto industry veterans like Landon Zinda, former policy director at the crypto think tank Coin Center, and Veronica Reynolds, a former attorney at Baker Hostetler LLP with a focus on NFTs and metaverse-related legal issues. Both will serve as senior advisors to the task force, alongside career SEC staff. Taylor Asher, who previously advised former Commissioner Mark Uyeda on policy, will serve as chief policy advisor. Bernard Nolan, formerly with the SEC’s Division of Investment Management, brings expertise in blockchain securities laws. “The Crypto Task Force exhibits deep expertise and an enthusiastic commitment to identifying — with the help of other talented staff across the Commission and interested members of the public — workable solutions to difficult crypto regulatory problems,” Commissioner Hester Peirce, the leader of the task force, said in a Monday statement. The task force is formed as pressure increases on the SEC to clarify its position on crypto regulation. Interestingly, on March 21, the task force will hold its first roundtable discussion, titled “How We Got Here and How We Get Out – Defining Security Status,” as part of an ongoing series on crypto regulation.
On March 4th, COINOTAG reported significant activity in the **Ethereum** market as a prominent trader, often referred to as a **whale**, initiated a **short position** using **50x leverage** on the
Binance to Support Terra (LUNA) Network Upgrade 💰Coin: LUNA ( $LUNA ) $0.2003
The post Ripple Lawsuit News: Pro-XRP Lawyer John Deaton Says ‘Trump Has To Drop’ The Case appeared first on Coinpedia Fintech News On March 3, 2025, President Donald Trump announced the creation of a U.S. strategic cryptocurrency reserve. This reserve will include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Following the announcement, XRP’s value surged from $2.23 to $2.99. But can the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) could affect everything. Fox Business’ Charles Gasparino pointed out that the case between Ripple and the SEC has big consequences for the future of XRP and the U.S. economy. He believes that if former President Donald Trump doesn’t act soon and the SEC continues its case against Ripple, it could hurt American investments in cryptocurrencies. However, Crypto Law founder and attorney John Deaton pointed out something interesting: the Ripple lawsuit was filed just before the end of Trump’s first term, under the leadership of SEC Chairman Jay Clayton. Now, four years later, XRP has a chance to be a part of a major global cryptocurrency reserve. Deaton argues that if Trump does not intervene and the case continues, the U.S. could lose out on big opportunities in the growing crypto market. “He has to drop it,” Deaton said. What’s Next for XRP? The future of XRP and Ripple largely depends on how the case with the SEC plays out. If Ripple can resolve the issue, XRP could become a major part of the digital currency world. As Deaton said, this is a critical moment for the entire crypto industry, not just Ripple. How the SEC case is handled will impact not only XRP but also the future of cryptocurrency in the U.S. and beyond. In conclusion, while the road ahead for Ripple and XRP is still uncertain, one thing is clear: the decisions made in this case could shape the future of cryptocurrency, with XRP playing a key role in the new world of digital finance.
Bitcoin and XRP holders are shifting their focus to five explosive cryptos that could deliver life-changing gains. These hidden gems are poised for massive growth in 2025. Don’t miss out on the next big opportunity!”, OFFICIALMAGACOIN is surging ahead, already raising $3.7 million in its presale and gaining serious investor interest. THE NEXT 1000X CRYPTO – CLICK HERE TO JOIN NOW! Altcoins That Could Deliver 100X Returns While Solana and XRP are well-established, emerging altcoins like OFFICIALMAGACOIN present the biggest upside potential. Here are five cryptos set for explosive growth: OFFICIALMAGACOIN: With a presale price of $0.0002165, OFFICIALMAGACOIN has gained immense traction, raising over $3.7 million. Analysts predict a surge to $1 by 2025, making it a must-watch for high-growth investors. Tron (TRX): Trading at $0.228, TRX remains a dominant force in decentralized applications but lacks the breakout momentum of newer coins. Cardano (ADA): Valued at $0.66, ADA’s slow but steady growth makes it a long-term play, but it doesn’t match OFFICIALMAGACOIN’s explosive potential. Injective (INJ): Priced at $13.89, INJ is gaining traction in DeFi but faces stiff competition from established projects. Chainlink (LINK): Sitting at $15.25, LINK remains vital for smart contracts but lacks the high-growth catalyst of OFFICIALMAGACOIN. Comparative Snapshot Cryptocurrency Current Price Growth Potential OFFICIALMAGACOIN $0.0002165 Extremely High Tron (TRX) $0.228 Moderate Cardano (ADA) $0.66 Moderate Injective (INJ) $13.89 Moderate Chainlink (LINK) $15.25 Moderate DON’T MISS OUT—INVEST IN OFFICIALMAGACOIN TODAY! Why OFFICIALMAGACOIN Is the Ultimate Pick Unmatched Presale Success: Raising over $3.7 million proves strong investor confidence. Ground-Floor Opportunity: Unlike established coins, OFFICIALMAGACOIN offers maximum upside for early adopters. Exclusive Bonuses: Investors using MAGA50X get a 50% bonus on their purchase. Visit: officialmagacoin.io X/Twitter: https://x.com/officialMAGAx Continue Reading: $1K to $100M? Bitcoin & XRP Investors Are Targeting These 5 Altcoins with Explosive Potential
Critics say the "future" reserve will turn Bitcoin-only, rejecting Trump’s altcoin-friendly stance.
Ether (ETH) is testing levels not seen since November 2023, as the market continues to be hit by volatility resulting from U.S. President Donald Trump's trade war threat. ETH is down 15% in the last 24 hours, according to CoinDesk Indices data , dragging down the CoinDesk 20 , a measure of the largest digital assets, which is down 16%. Ether's decline over the past three months has been driven by bearish investor sentiment, reflected in its underperformance relative to BTC and weak institutional demand, alongside macro headwinds like trade war fears, inflation concerns, and stock market weakness, which have dampened risk appetite. CoinGlass data shows that nearly $165 million in ETH long positions have been liquidated in the last 12 hours. Bettors on Polymarket are giving a 76% chance of ether hitting $1900 by the end of the month. Ether ETF outflow was deep in the red last week, according to data from SoSoValue, coming it at -$335 million.
Bitcoin price started a fresh decline from the $95,000 resistance zone. BTC is back below $90,000 and might continue to move down. Bitcoin started a fresh decline from the $95,000 resistance zone. The price is trading below $92,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $88,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $82,250 zone. Bitcoin Price Dips Over 10% Bitcoin price rallied above the $88,000 and $90,000 resistance levels . BTC tested the $95,000 resistance where it faced a strong resistance. The price failed to retain gains and started a fresh decline below $92,000. There was a move below the $92,000 and $90,000 support levels. The price dived over 10% and traded below the 50% Fib retracement level of the upward move from the $84,500 swing low to the $95,000 high. There was also a break below a connecting bullish trend line with support at $88,000 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below $90,000 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $85,000 level. The first key resistance is near the $86,600 level. The next key resistance could be $88,500. A close above the $88,500 resistance might send the price further higher. In the stated case, the price could rise and test the $90,000 resistance level. Any more gains might send the price toward the $92,000 level or even $93,500. More Losses In BTC? If Bitcoin fails to rise above the $88,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,250 level and the 76.4% Fib retracement level of the upward move from the $84,500 swing low to the $95,000 high. The first major support is near the $80,000 level. The next support is now near the $78,500 zone. Any more losses might send the price toward the $76,000 support in the near term. The main support sits at $75,000. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $82,250, followed by $80,000. Major Resistance Levels – $88,000 and $90,000.
The U.S. Securities and Exchange Commission has officially closed its investigation into Yuga Labs, the company behind the Bored Apes Yacht Club NFT collection. The regulator will take no enforcement action and has not issued any charges against the firm. Yuga Labs confirmed the news in a Mar. 3 post on X, calling it a “huge win” for the NFT industry and creators. The company added, “NFTs are not securities.” After 3+ years, the SEC has officially closed its investigation into Yuga Labs. This is a huge win for NFTs and all creators pushing our ecosystem forward. NFTs are not securities. — Yuga Labs (@yugalabs) March 3, 2025 The SEC launched its probe into Yuga Labs in October 2022 to determine whether its NFT collections and ApeCoin ( APE ), a token linked to BAYC, should be classified as securities under the Howey Test. The inquiry was part of a larger campaign against NFTs led by former SEC Chair Gary Gensler, which also targeted NFT markets and fractionalized NFTs. You might also like: Yuga Labs acquires tokenproof to drive NFT innovation For Yuga Labs and the larger NFT industry, the SEC’s decision to close the case without filing any charges is viewed as a major regulatory win. The SEC has dropped other investigations involving cryptocurrency companies in recent weeks, which coincides with the decision to conclude the Yuga Labs inquiry. The agency recently settled litigation with Coinbase and Kraken and concluded investigations into OpenSea, Robinhood, Gemini , and Uniswap Labs. The market anticipates that the regulatory shift will have a positive impact on the BAYC NFTS floor price , which is currently trading around13.75 Ethereum ( ETH ), down more than 90% from its peak of 153.7 ETH in May 2022. Meanwhile, on March 3, the SEC’s Crypto Task Force revealed on the regulator’s official website that it will be holding a number of roundtables for the public called “Spring Sprint Toward Crypto Clarity.” The goal of these roundtables is to establish more precise rules pertaining to digital assets. The first event, “How We Got Here and How We Get Out – Defining Security Status,” is set for March 21 from 17:00 to 21:00 UTC. These talks will explore important issues in crypto regulation and signal how the agency is changing its stance on digital assets. Read more: From Trump tokens to LIBRA lows: Meme coin circus rolls on, bolstered by recent SEC ruling