Some of the Biggest Cases Between the SEC and Crypto

1. SEC vs Ripple: The SEC filed an action against Ripple Labs Inc alleging that they raised over $1.3 billion through an unregistered, ongoing securities offering–the XRP token. This case is still going on!
2. SEC vs BlockFi: The SEC charged BlockFi with failing to register its BlockFi Interest Accounts. BlockFi ended up paying $100 million in penalties and had to shut down the project! However, they are pursuing SEC registration.
3. SEC vs Binance: A new case, the SEC is investigating whether Binance’s BNB coin was a security at the time of their ICO back in 2017. If so, Binance could face steep penalties for failing to register the offering with the SEC!

Recently, The SEC has been cracking down on crypto. What do you think will happen?

(These are United States based cases.)