The digital currency ecosystem played host to many top-profile crypto cases year, courtesy of the United States Securities and Exchange Commission (SEC), the Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC), and the Treasury Department.
While crypto offenders were promptly apprehended and charged to court with payment of fines and jail terms issued throughout the year, the major highlights were the legal brawl between top crypto firms and US law enforcement agencies.
Here are some of the biggest highlights we followed this year;
Ripple Labs Versus SEC
This was arguably the biggest case of this year and it is an extension of the lawsuit filed by the SEC back in December 2020. Refusing to settle about 3 years ago, Ripple Labs explored all the options to defend itself against the SEC’s allegations that it sold XRP as unregistered securities to both retail and institutional investors.
With more than $200 million expended in legal fees, the historic ruling on
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