Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Editorial Policy
    • Submit Press Release
  • Disclaimer
  • Altcoins
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • Regulation

SEC Will Do Anything To Control The Cryptocurrency Industry, Says Former Federal Prosecutor

Nathan Ferguson September 24, 2021 2 min read

After the SEC (Securities-and-Exchange-Commission) threatened to prosecute Coinbase (a crypto-exchange listed by Nasdaq), an ex-prosecutor “James K. Filan” has targeted the securities department by stating that it will not stop until having full control over the complete space of cryptocurrency. On Wednesday, he, as having previously worked at the U.S. Office of Attorney for Connecticut District, spoke about the warning of the SEC regarding the Lend project of Coinbase. In a tweet, he noted that the department would not stop its proceedings after Ripple. Presently, Coinbase has also alleged it for utilizing the tactics of terrorization from behind the doors to prevent the firm from initiating a lending project.


trade now

An expert for government investigations and securities litigation, “Filan” is also a participant of the Bar Association of America. Additionally, he is considered a prominent personality in the community of Ripple. Coinbase, on Wednesday, revealed that the securities department had intimidated the company to sue it for the loan services thereof. Although the company has been informed by the SEC that the lending project was considered by the department as a security, no adequate explanation had been provided by it regarding how and why it determined so.

The exchange remarked about the department’s move as it was not justifiable at all, for it did not clarify the logic behind considering the product as security. The community of cryptocurrency, while responding to the department’s warning, pointed towards a direct linkage between the SEC’s move against Ripple Labs and the executives thereof for selling XRP and the recent threat to Coinbase. Ripple Labs, along with its organizers, is in advance the defendants of a lawsuit filed by the securities regulator.

Coinbase was hurriedly trying to cast off XRP from the platform thereof following the filing of a case that the department initiated confronting Ripple Labs. The advocates of XRP are currently advising Coinbase to be a part of the fight in contradiction to the SEC for relisting XRP. Brad Garlinghouse, the CEO of Ripple, tweeted on Wednesday that the securities department is continuously involved in a confrontation of crypto to outperform it. He added that the company, in 2020’s December, was conducting different dialogues with the department for almost three years regarding XRP. However, he expressed, the commission did not respond with any clear terms about the matter, and it is extremely disappointing.

Trade Now

Continue Reading

Previous: Three Altcoins Excite Former Goldman Sachs Executive
Next: New Executive Being Sought by Coinbase for Policymaking Coverage

Related Stories

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
3 min read
  • Metaverse
  • News
  • Press Release

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World

May 26, 2022
UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
2 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • News
  • Terra (LUNA)

UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer

May 26, 2022
26 May Crypto Prices: SOL, DOT, ETH, AVAX Lose Up to 5%
2 min read
  • Altcoins
  • Avalanche (AVAX)
  • Bitcoin (BTC)
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • Ethereum (ETH)
  • News
  • Polkadot (DOT)
  • Price Analysis
  • Solana (SOL)

26 May Crypto Prices: SOL, DOT, ETH, AVAX Lose Up to 5%

May 26, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,266.00
1.84%
ethereum
Ethereum (ETH)
$1,807.19
-0.20%
tether
Tether (USDT)
$1.00
0.24%
usd-coin
USD Coin (USDC)
$1.00
0.01%
binancecoin
BNB (BNB)
$306.78
-0.27%
ripple
XRP (XRP)
$0.394869
1.29%
Binance USD
Binance USD (BUSD)
$1.00
-0.47%
cardano
Cardano (ADA)
$0.473462
-1.47%
polkadot
Polkadot (DOT)
$9.71
5.45%
dogecoin
Dogecoin (DOGE)
$0.079213
2.35%

Recent Posts

  • Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
  • UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
  • 26 May Crypto Prices: SOL, DOT, ETH, AVAX Lose Up to 5%
  • ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
  • CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
  • Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain
  • Grayscale Is Planning On Listing Its First European Exchange Traded Fund
  • Celsius Is Planning On Taking Its Crypto Mining Business Public
  • Terra Team May Not Redeem Promised Refunds, Especially For Smallholders – Whistleblower
  • Coinbase Adds BNB Chain And Avalanche To Token Swap Service
  • Richardson Lewis Review – Is Richardson Lewis Scam or a Proper Broker?
  • PancakeSwap Guide 2022 – Everything You Need To Know About This DEX
  • Polkadot-based Smart Contract, T3rn Deploys Latest Testnet
  • Uruguayan Authorities Launch Campaign Against Crypto Scams
  • GameStop Announces The Launch Of A Crypto Wallet

Disclaimer

This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. Information found on Herald Sheets represents those of writers quoted. It does not represent the opinions of Herald Sheets on whether to buy, sell, or hold any investment assets. Investors must do their own research before investing their money and only do so at their own risk.

Categories

You may have missed

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
3 min read
  • Metaverse
  • News
  • Press Release

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World

May 26, 2022
UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
2 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • News
  • Terra (LUNA)

UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer

May 26, 2022
26 May Crypto Prices: SOL, DOT, ETH, AVAX Lose Up to 5%
2 min read
  • Altcoins
  • Avalanche (AVAX)
  • Bitcoin (BTC)
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • Ethereum (ETH)
  • News
  • Polkadot (DOT)
  • Price Analysis
  • Solana (SOL)

26 May Crypto Prices: SOL, DOT, ETH, AVAX Lose Up to 5%

May 26, 2022
ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
2 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase

May 25, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%