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Do Kwon's lawyers said that the lawsuit is an "improper attempt" by the SEC to regulate crypto using "outdated laws," even though Congress and the agency itself could not agree on what qualifies as a
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Crypto has a lot of haters these days. The former Facebook exec is trying to prove them wrong with his Bitcoin startup, Lightspark.
The bankrupt crypto exchange approached the pop star about a $100 million sponsorship deal in 2021.
Many crypto industry insiders claim that the SEC's approach of regulation by enforcement is unfair and that they need clear legal frameworks.
Ekta Mourya FXStreet Follow Following Ripple’s cross-border settlement token XRP price has been on a roller coaster ride since the beginning of the