The post Popular Crypto Cases of 2023 appeared on BitcoinEthereumNews.com.

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 the case from Judge Analisa Torres came on July 13 and she handed a split win to both parties. While Ripple Labs was cleared of violating securities laws as it concerns the sale of XRP to retail investors, the firm was judged guilty of selling the asset to institutional investors. The SEC tried to appeal the case but the interlocutory appeal was rejected and the Gary Gensler-led agency had to settle for the win it got and is looking at settlement hearings next year. Binance and its Multiple Legal Woes This year was a very tough one for Binance Exchange in many aspects as it faced many crypto cases from the SEC, DOJ, CFTC, and even the Financial Crimes Enforcement Network (FinCEN). First, the SEC alleged the firm supported the trading of unregistered securities, naming cryptocurrencies like Cardano (ADA), Solana…

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Filed under: News - @ December 26, 2023 2:52 am