Ripple faces a hefty potential financial penalty following a new proposal from the SEC. The firm maintains the sales were legal and plans to contest the charges in April.

The exchange accused the authority of unlawfully rejecting its petition for crypto rulemaking last December.

Current disputes cover asset custody at Binance.US, Terraform Labs' legal fees and staking programs on Kraken. The industry has demanded clear and concise rules while challenging the SEC's overly stringent enforcement actions.

Despite recent technical issues, the price of Coinbase shares continues to grow. Meanwhile, a Judge has given a default judgment in support of the SEC in the ongoing insider trading case.

Texas-based Lejilex crypto startup and the Crypto Freedom Alliance of Texas have sued the U.S. SEC over its "unlawful assertion of regulatory authority over digital asset transactions."

The prosecutors claimed that the huge penalty was appropriate given the severity and intentional nature of the crime.

The SEC's update of the 'dealer rule' puts an unknown number of companies, including from the DeFi sector, under the regulator’s control.

Trading platforms claiming to use AI technologies can be dangerous, according to the U.S. authorities.