The Ripple lawsuit might be finally approaching its long-awaited resolution. According to Ripple CEO Brad Garlinghouse, his company is approaching the very end of its long-lasting legal battle with the SEC. "Why did the SEC go after XRP kind of first…? You know, in some ways, you look at that...

Ripple CEO Names Most Important Date for XRP Holders

In the latest development of the high-stakes legal battle between the Securities and Exchange Commission (SEC) and Ripple Labs, the SEC has boldly responded to Ripple’s recent legal filing. On July 3, 2024, the SEC submitted a new document to the United States District Court for the Southern District of New York, aimed at countering the company’s reliance on a recent ruling from the case against Binance Holdings, Ltd. to argue against harsh penalties in its ongoing case.

XRP Lawsuit: SEC Strikes Back At Ripple With Bold New Filing

The US. Treasury Department issues a crypto tax regime and the SEC sus consensus over its metamask service. You're watching Coin Desk daily, I'm your host, Jen Sani. The US Treasury Department has issued its long awaited tax regime for Cryptocurrency transactions. The rule released on Friday will go into effect starting in 2025. The internal revenue service will require crypto brokers to file 1099 forms like their traditional investment firm cousins, but it set aside related rules for defi and unted wallets as it continues to study 44,000 comments that were sent to the agency. The IRS won't call for reporting on most routine stablecoin sales and is putting a $600 annual threshold on NFT proceeds before they need to be reported. The US SEC sued consensus on Friday over its meta mask service alleging that meta mask acted as an unregistered securities broker and that its digging service violated securities laws. The suit also targeted Ethereum staking service, Lido and Rocket Pool. The third party platforms. Meta mask uses to power its staking feature. Consensus previously sued the SEC is seeking a court order declaring Ether to not be a security and to end the S ECs investigation into the firm, and Sony is planning to restart the crypto exchange Whale Fin, which it bought from Crypto Lender Amber Group last year. Whin put out a notice that its parent company Amber Japan was rebranding and added that the company was bought by a unit of Sony in August 2023. The financial terms of the deal were not disclosed but the firm said it release on the pr times that Sony plans to restart the crypto exchange soon with a new app. Sony has dabbled in web three through investments and partnerships. The latest deal will mark the tech firms proper foray into crypto. That's it for coin desk daily. Get more updates on coindesk.com and we'll see you next time.

U.S. Treasury Issues Crypto Tax Regime for 2025; SEC Sues Consensys Over MetaMask Service

A recent dismissal of SEC claims in its case against Binance is quickly being leveraged by Ripple lawyers in its own battle with the regulator. The crypto market has broadly retraced its momentary gains since the start of the week on Tuesday, though XRP has managed to retain some bullish momentum.

Important Ripple v. SEC Lawsuit Update Keeps XRP Price Afloat: Details

The Securities and Exchange Commission (SEC) has asked a judge to toss a lawsuit from an American apparel company that has attempted to shield itself from potential regulatory action over a past airdrop. On July 3, the SEC filed to dismiss a March 25 suit from Beba and the DeFi...

SEC wants retailer’s crypto suit tossed as it’s based on ‘phantom’ policy

The US government has announced it is using American crypto exchange Coinbase to custody its digital assets. The U.S. Marshals Service (USMS), a sub-tier of the Department of Justice (DOJ), has revealed that it is custodying digital assets with Coinbase as part of its program to manage and dispose of large amounts of “Class 1” cryptocurrencies.

U.S. Marshals Service Announces Partnership With Coinbase To Manage and Dispose Cryptocurrencies

The Motley Fool

Bitcoin's most fervent supporter didn't shy away on why he thinks the cryptocurrency has plenty of upside.

1 Top Cryptocurrency to Buy Before It Soars 12,000%, According to this CEO

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

260 Billion Shiba Inu (SHIB) in 24 Hours From Coinbase: What's Happening?

Solana could be the next major cryptocurrency to get its own spot ETFs, following the lead of Bitcoin and Ethereum. Solana's emerging as the blockchain of choice for new meme coins has led to a surge in user activity and growing consumer adoption. A new partnership with PayPal could lead...

1 Top Cryptocurrency to Buy in June Before It Potentially Skyrockets in Value

Coinbase uses Judge Jackson's ruling to argue for consistent securities law enforcement in crypto. The motion calls for clarity in the application of the Howey test to crypto transactions.

Coinbase files motion to reinforce judge's ruling on Binance case: Secondary market transactions not securities

Georgia State

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Coffee County, GA

Douglas, GA

Daily Coffee Press

A 49-year-old woman from Douglas was recently arrested for allegedly submitting a life insurance policy for her ex-husband without his knowledge. According to a Coffee County Sheriff’s Office incident report, detectives met with a man on May 7 at the Coffee County Law Enforcement Center concerning a reported case of insurance fraud.

Georgia woman charged for allegedly filing life insurance policy application on ex-husband

Texas State

A Texas judge approved an expedited schedule of legal proceedings in the SEC’s case against Consensys. A decision could come by the end of the year or early 2025. A Texas judge has implemented the schedule for the U.S. Securities and Exchange Commission's case against blockchain software firm Consensys.

Texas judge approves expedited schedule for SEC's case against Consensys

Gloucester County, NJ

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Franklinville, NJ

Morristown Minute

FRANKLINVILLE, N.J. -A Gloucester County, New Jersey, man admitted today that he defrauded the government of more than $200,000 in Social Security and Medicaid benefits, U.S. Attorney Philip R. Sellinger announced.

Man Guilty of $200K Social Security & Medicaid Fraud

Illinois State

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Chicago, IL

Chicago Happenings

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

New Jersey State

Clifton, NJ

Newark, NJ – Evangelos Megariotis, a 72-year-old orthopedic surgeon from Clifton, admitted to multiple counts of unlawfully prescribing pain medications to his patients. U.S. Attorney Philip R. Sellinger announced the guilty plea today.

Surgeon Guilty of Illegal Narcotic Prescriptions, Faces 20 Years

Bundestag member Joana Cotar strongly criticized the German government’s recent decision to sell a substantial portion of its Bitcoin holdings. The German government recently moved over $195 million worth of Bitcoin to various crypto exchanges, including Coinbase, Kraken, and Bitstamp. The move has contributed to increased market volatility, with...

German MP urges government to stop selling Bitcoin

New York City, NY

The e-Texan

New York – As Trump anticipates his sentencing on July 11th in the New York hush money case, Florida Judge Aileen Cannon made a ruling this Monday. Despite rejecting Trump’s legal team's request to dismiss several charges in the classified documents case, she conceded on a minor point. She removed a portion of the charges that referenced an uncharged allegation, but upheld the other charges.

Legal expert says Trump should not be jailed after New York guilty verdict because he is ‘too old’

SynFutures, the onchain perp protocol for listing and trading any asset, is now available on Coinbase’s L2 network, Base. Traders and liquidity providers can now access SynFutures V3 through Base, earning SynFutures’ Oyster Odyssey (O_O) points. In the coming weeks, SynFutures plans to unveil a range of new...

SynFutures V3 Now Live on Coinbase’s L2 Network Base, Debuts Meme Perp Summer

Crypto startup Hamilton has launched tokenized United States Treasury bonds on Bitcoin layer-2 blockchains. The company claims the launch is the first of its kind. Hamilton U.S. T-Bills (HUST) will be available on the Stacks, Core and BoB (Build on Bitcoin) Bitcoin layer-2 solutions. The first transaction with HUST occurred on July 4, according to a statement.

Crypto startup launches tokenized US Treasury bonds on Bitcoin layer-2s

Big Tech’s carbon footprint continues to balloon as generative artificial intelligence products and services proliferate, with Amazon alone producing more carbon dioxide emissions per year than all the Bitcoin mining in the world. According to the data, Big Tech has released more carbon dioxide into the atmosphere since 2019...

Big Tech produced more carbon since 2019 than all Bitcoin mining ever

NewsBreak

Coinbase continues to fight for access to Gensler’s private emails

United States crypto exchange Coinbase has continued to seek access to Gary Gensler’s personal communications, arguing they’re an “appropriate source of discovery” in its ongoing battle...

Coinbase continues to fight for access to Gensler’s private emails

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