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In a long-awaited decision, the U.S. court ruled in favor of Ripple Labs in its case against the Securities and Exchange Commission, providing a boost to most cryptocurrency prices. But industry participants remain wary.
(Bloomberg) Cryptocurrencies rallied as digital-asset advocates touted a ruling from a federal judge in the US Securities and Exchange Commission’s lawsuit against Ripple Labs Inc. as a victory for the industry when it comes down to what is classified as a security. Most Read from BloombergEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudDeSantis Says No Thanks to $377 Million in US Energy FundsFund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces Most
Just days after suing some of the largest crypto exchanges in the world, SEC chief Gary Gensler was scathing in his criticism of crypto firms, saying that they are subject to U.S. securities laws.
Clementy Group - a UK-based investment firm - has decided to scrap its plans to invest €95 million ($104.5 million) in Fimer, as the Italian inverter maker's shareholders have reportedly failed to issue shares that were needed for the investment. Fimer originally filed for creditor protection in February 2022.