Episode Details

26th March- Crypto & Coffee at 8

🔥SEC vs Ripple $2B fine 🚨Sanctions on the SEC 🚀 Coinbase Stock 🚀🚔Binance Executive “Jailbreaks” in Nigeria❗

🔥 The U.S. Securities and Exchange Commission (SEC) plans to seek $2 billion in penalties from Ripple, according to the company’s chief legal officer. The SEC has been engaged in a legal battle with Ripple since 2020, alleging that the company sold unregistered securities in the form of XRP. While Ripple scored a partial win last year, investors and Ripple Labs interpreted the ruling as a victory for the broader crypto industry. Stuart Alderoty mentioned via Twitter “As you will see when the SEC’s brief is made public tomorrow, they ask the Judge for $2B in fines and penalties” his tweet here https://tinyurl.com/mr7yw57z Check out Blockchain DXB’ Crypto & Coffee at 8 podcast we share our opinion on this & more

🚨A United States district court has imposed sanctions on the U.S. Securities and Exchange Commission Commission (SEC) for acting in “bad faith” in its lawsuit against DEBT Box. The judge in the Debt Box case has issued an 80 page opinion sanctioning the SEC for egregious misconduct in the case.

❗ The SEC initially filed a motion to dismiss without prejudice, but that was denied by Judge Robert J Shelby, who slammed the regulator for intentionally lying to the court about evidence it obtained to secure a temporary restraining order (TRO) and freeze of Debt Box’s assets last August. Cointelegraph here https://tinyurl.com/4cth79jh

🚀 Coinbase stock is surging alongside Bitcoin, reaching its highest price since November 2021. The company’s stock has jumped by 44% in the past month and is up 346% over the past year. Despite experiencing outages during bullish surges, Coinbase remains America’s largest crypto exchange and recently reported a profit of $273.4 million. More info via Decrypt here https://tinyurl.com/ec2ntuh4

😱 According to local media reports by on March 25, Binance Africa’s regional manager, Nadeem Anjarwalla, reportedly escaped from Nigerian custody along with his colleague, Tigray Gambaryan. The escape allegedly took place on March 22, 2024, when Anjarwalla was escorted for Ramadan prayers. Despite authorities confiscating his British passport, Anjarwalla managed to flee using his Kenyan passport, prompting an investigation into how he obtained it. The incident has resulted in increased charges against Binance for tax evasion. Meanwhile, Gambaryan remains in custody, while Binance claims to be working on facilitating the executives’ return home. Info here https://tinyurl.com/2sazfy45 

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