Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Flashback: Top five wildest moments from Elon Musk’s...
Less than half of DOGE-terminated contracts can be...
Jill Biden should have to answer for ‘cover...
DOGE staffing shakeup as Elon Musk hangs up...
State Dept says DOGE’s changes will be permanent...
President Trump teases ‘last day, but not really’...
Trump denounces court’s ‘political’ tariff decision, calls on...
I’m a physician and I’m worried that our...
Inside the late-night drama that led to Trump’s...
Alleged attempt to impersonate White House chief of...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Crypto Market Recap: SEC Dismisses Coinbase Case, Debuts New Cyber Fraud Unit

by admin February 22, 2025
February 22, 2025
Crypto Market Recap: SEC Dismisses Coinbase Case, Debuts New Cyber Fraud Unit

Here’s a quick recap of the crypto landscape for Friday (February 21) as of 9:00 AM UTC.

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$98,110, reflecting a 0.46 percent increase over the past 24 hours. The day’s trading range has seen a high of US$99,505 and a low of US$97,355.

Ethereum (ETH) is priced at US$2,733.83, marking a 0.51 percent rise over the same period. The cryptocurrency reached an intraday high of US$2,839.50 and a low of US$2,708.75.

Altcoin price update

  • Solana (SOL) is currently valued at US$174.42, up 1.17 percent over the past 24 hours. SOL has experienced a high of US$180.29 and a low of US$171.80 during today’s trading session.
  • XRP is trading at US$2.62, reflecting a 2.60 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday high of US$2.72 and a low of US$2.60.
  • Sui (SUI) is priced at US$3.43, showing a 2.70 percent increase over the past 24 hours. It achieved a daily high of US$3.56 and a low of US$3.34.
  • Cardano (ADA) is trading at US$0.796534, reflecting a 0.20 percent increase over the past 24 hours. Its highest price today was US$0.816708, with a low of US$0.787567.

Crypto news to know

SEC agrees to dismiss Coinbase case

Coinbase announced that the US Securities and Exchange Commission (SEC) has agreed to dismiss its case against the cryptocurrency exchange, pending final commission approval.

The SEC initially sued Coinbase in June 2023, alleging it operated as an unregistered securities platform and brokerage service. The regulator accused Coinbase of generating billions in revenue while failing to provide necessary investor protections.

Coinbase shared the update on social media platform X, stating, “But this isn’t the end. It’s the beginning. And if there were ever a time to build—that time is now. Thank you to everyone who stood with us, and stood with crypto.”

The crypto industry has experienced several policy victories under the current administration, including the repeal of a controversial accounting rule by the SEC and an executive order exploring crypto-friendly regulatory changes. Additionally, the SEC recently asked a federal court to pause its ongoing litigation against Binance, as agency leadership reevaluates its enforcement strategies.

Shares of Coinbase rose 3 percent at market open on Friday following the announcement, though the SEC has yet to confirm the decision. This move aligns with the Trump administration’s broader shift toward a more lenient stance on cryptocurrency regulation.

SEC forms cyber and emerging technologies unit

The SEC announced the creation of the Cyber and Emerging Technologies Unit (CETU) to address fraud and cybercrime in the cryptocurrency and blockchain sectors.

This new unit replaces the SEC’s Crypto Assets and Cyber Unit and will focus on protecting investors from fraudulent schemes tied to emerging technologies.

The CETU will consist of approximately 30 fraud specialists and attorneys from various SEC offices, with Laura D’Allaird leading the division. D’Allaird, previously head of the Crypto Assets and Cyber Unit, played a key role in past enforcement actions, including the SEC’s case against Kik Interactive for securities law violations.

The unit’s expanded scope will include fraud investigations related to artificial intelligence, blockchain, and social media-driven investment schemes.

This development follows ongoing concerns about crypto fraud, highlighted by the LIBRA meme coin scandal involving Argentine President Javier Milei.

The fraudulent token, promoted within the meme coin community, resulted in over $250 million in investor losses before its abrupt collapse. Decentralized exchange Jupiter confirmed that insider trading was widely suspected in the token’s pump-and-dump scheme.

In 2024, the SEC initiated 33 enforcement actions related to crypto fraud, securing $8.2 billion in penalties. A significant portion came from the SEC’s case against Terraform Labs and its founder, Do Kwon. Under the Biden administration, the SEC took an aggressive stance on digital asset regulation, which is now shifting under new leadership.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Metal Bank: Copper, Gold-focused Exploration in Australia and the Middle East
next post
IperionX Announces US$47.1 Million Titanium Deal with US Department of Defense

You may also like

Will Trump Bring Back the Gold Standard?

January 21, 2025

China Restricts Key Critical Minerals Exports in Response...

December 5, 2024

​Tech 5: OpenAI Releases “Reasoning” AI Model, Google...

September 15, 2024

Allup Acquires 100% of McLaren Valuable Heavy Mineral...

August 20, 2024

Further High-Grade Gold Results Received from Cork Tree...

July 23, 2024

SRC and Defense Metals Sign MOU for Rare...

September 28, 2024

Quetzal Copper Announces Closing of Financing

February 28, 2025

Secondary Trading Notice

April 3, 2025

Variation to Noteholder Agreements

May 22, 2025

WESTERN COPPER AND GOLD APPOINTS RAYMOND THRELKELD AS...

September 28, 2024

Recent Posts

  • Flashback: Top five wildest moments from Elon Musk’s DOGE tenure as it comes to an end
  • Less than half of DOGE-terminated contracts can be publicly tracked, only about a quarter of grants: watchdog
  • Jill Biden should have to answer for ‘cover up’ of former president’s decline, White House says
  • DOGE staffing shakeup as Elon Musk hangs up his hat, White House confirms
  • State Dept says DOGE’s changes will be permanent amid Musk’s departure

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (751)
    • Investing (2,211)
    • Politics (2,729)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.