* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, August 3, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

SEC vs. Crypto – Two consecutive Victories for Crypto Ecosystem

July 12, 2024
in Business
SEC vs. Crypto – Two consecutive Victories for Crypto Ecosystem
Share on FacebookShare on Twitter

Everyone knows about the SEC vs. Crypto game. It has been years since the SEC decided to go after various crypto organization and their tokens. One such case, almost forgotten by the community is SEC vs Blockstack, a blockchain software developer company.

The U.S. Securities and Exchange Commission (SEC) has given the crypto industry another reason to celebrate. On July 12, the SEC concluded a three-year investigation into Hiro Systems. Hiro Systems is a blockchain software developer formerly known as Blockstack. The SEC decided not to pursue any enforcement action. This news came just a day after the SEC ended its investigation into stablecoin issuer Paxos. This marks a significant win for the crypto community. It is the second investigation the SEC has dropped in two consecutive days.

Hiro Systems Investigation Concluded

Hiro Systems raised $70 million in token sales between 2017 and 2019 and launched the Stacks mainnet in January 2021. Stacks is a layer-2 blockchain that enhances Bitcoin, allowing developers to build decentralized applications. Despite early scrutiny from the SEC, Hiro asserted that the network became fully decentralized in 2021. This change occurred with the introduction of a new consensus mechanism called proof of transfer. As a result, the company stopped treating Stacks tokens as securities. This decision was a point of contention with the SEC.

The Happy Crypto Tweet

In a Friday tweet, Muneeb Ali, the creator of the Stacks protocol and current CEO of Trust Machines, confirmed that the SEC’s investigation focused on the Stacks protocol, not just Hiro Systems.

SEC has dropped investigation to another crypto firm after Paxos, this time its Hiro Systems. Two consecutive victories for the Crypto world.Source : X (formerly Twitter)

The investigation’s conclusion has been a relief for Hiro, which had been under regulatory pressure since September 2021. In a public statement, Hiro expressed optimism about this development, highlighting it as the best possible outcome given the current regulatory climate in the U.S.

Impact on STX Token

The news of the SEC dropping its investigation has positively impacted the Stacks (STX) token. Following the announcement, STX’s price surged from $1.50 to above $1.70, reflecting a 5% increase within 24 hours. This boost indicates renewed investor confidence in the token and the broader Stacks ecosystem.

Source : TradingView

SEC Ends Paxos Probe

As noted above, the SEC’s conclusion of the probe into Hiro Systems comes just a day after it announced a similar outcome for Paxos. The investigation into the U.S.-based crypto company related to Binance USD (BUSD), a Binance-branded stablecoin that Paxos issued. Binance halted BUSD support in August 2023 amid the SEC investigation.

On Thursday, July 11, 2024, the SEC announced it concluded its probe and would not pursue an enforcement action. “We have concluded the investigation as to Paxos Trust Company, LLC. Based on the information we have as of this date, we do not intend to recommend an enforcement action by the Commission against Paxos,” the SEC wrote.

Looking Ahead

These back to back decisions by the SEC to drop investigations into Hiro Systems and Paxos are seen as significant victories for the crypto industry. They suggest a possible shift in the SEC’s approach to cryptocurrency regulation and enforcement. With the regulatory environment remaining a crucial factor for the crypto market, these developments are likely to boost investor sentiment and confidence in the sector’s future. Also, it feels like in the SEC vs Crypto series, crypto is leading to a sure victory.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Coinpedia – https://coinpedia.org/news/sec-vs-crypto-two-consecutive-victories-for-crypto-ecosystem/

Tags: businessconsecutiveCrypto
Previous Post

Ethereum ETF Launch To Push Prices to $6K, Says Top Analyst!

Next Post

OG Satoshi-Era BTC Wallet Rotates 400,179% Profits Into This Trending Altcoin – No, It’s Not SHIB Or DOGE

Study reveals China’s ecological red lines offer blueprint for biodiversity protection – Phys.org

Study reveals China’s ecological red lines offer blueprint for biodiversity protection – Phys.org

August 3, 2025
What do TSA bag scanners actually see? – Popular Science

What do TSA bag scanners actually see? – Popular Science

August 3, 2025
Why does your mind goes ‘blank’? New brain scans reveal the surprising answer – Live Science

Why does your mind goes ‘blank’? New brain scans reveal the surprising answer – Live Science

August 3, 2025
U.S. POINTER Study shows lifestyle program improves cognition in older adults – University of California – Davis Health

Lifestyle Program Boosts Cognitive Health in Older Adults, New Study Finds

August 3, 2025
World Championships, Day Eight Finals: Kliment Kolesnikov Blazes to Title in 50 Backstroke; Tie for Silver – Swimming World

Kliment Kolesnikov Blazes to Victory in 50 Backstroke as Day Eight of World Championships Ends with a Silver Medal Tie

August 3, 2025
Bond investors warm to risk, with Fed staying put in ‘Goldilocks’ economy – Reuters

Bond Investors Take Bold Steps as Fed Maintains Steady Course in a ‘Goldilocks’ Economy

August 3, 2025
Go-to entertainment: why gaming was made for the toilet – The Guardian

Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

August 3, 2025
Covenant Health offers immunizations, activities for kids at Back to School Bash – KCBD

Covenant Health’s Back to School Bash: A Fun-Filled Immunization and Activities Event for Kids

August 3, 2025
Trump tells Schumer to ‘go to hell’ as Senate heads home after failed attempt to strike deal on nominees – CNN

Trump tells Schumer to ‘go to hell’ as Senate heads home after failed attempt to strike deal on nominees – CNN

August 3, 2025
Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

Microsoft Aims to Broaden Access to OpenAI Technology

August 3, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (752)
  • Economy (777)
  • Entertainment (21,654)
  • General (16,263)
  • Health (9,814)
  • Lifestyle (785)
  • News (22,149)
  • People (777)
  • Politics (786)
  • Science (15,990)
  • Sports (21,272)
  • Technology (15,754)
  • World (758)

Recent News

Study reveals China’s ecological red lines offer blueprint for biodiversity protection – Phys.org

Study reveals China’s ecological red lines offer blueprint for biodiversity protection – Phys.org

August 3, 2025
What do TSA bag scanners actually see? – Popular Science

What do TSA bag scanners actually see? – Popular Science

August 3, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version