The U.S. Securities and Exchange Commission (SEC) suffered a major setback in its lawsuit against Ripple, the crypto firm associated with the XRP token, when a federal judge denied its request to appeal a key loss.
The UK’s Finance Ministry, HM Treasury, is planning to introduce a Digital Securities Sandbox (DSS) by the end of the first quarter of next year, as revealed by Helen Boyd, the Capital Markets Director at the Financial Conduct Authority, the country’s financial watchdog.
The SEC has recently doubled down on accusations against Nasdaq-listed cryptocurrency exchange Coinbase, asking a federal judge to reject the exchange’s bid to dismiss the lawsuit.
Top stories in the Crypto Roundup today:
- Judge Rejects SEC’s Appeal Bid in Ripple Case
- UK's Finance Ministry Eyes Crypto Sandbox Initiative
- Coinbase’s Move to Dismiss SEC Lawsuit Should Be Rejected, Regulator Argues