Almost every week lately, it seems there’s a new announcement that the U.S. Securities and Exchange Commission (SEC) has gone after yet another crypto company for alleged securities violations. And the crackdown doesn’t appear to be cooling down anytime soon.Here’s a handy running list to keep track of all crypto-related actions that the SEC has taken of late, including confirmed Wells Notices informing companies of impending enforcement action, reported inquiries, and a recap of some of the biggest lawsuits still in progress.Ethereum FoundationLast week, previously redacted portions of a lawsuit filed by Ethereum software firm Consensys against the SEC revealed a Per the suit, the SEC is actively investigating a number of American companies for their involvement in the buying and selling of ETH; it is also reportedly investigating ties between said companies and the Ethereum Foundation, the Swiss nonprofit that supports the Ethereum Foundation.In February, the Ethereum Foundation itself was To be clear, the SEC has not filed charges against any entity stemming from its investigation into “Ethereum 2.0.” That’s part of the reason why Consensys filed a RobinhoodOn Monday, Robinhood’s digital assets arm, Robinhood Crypto, The company said the subpoenas it previously received from the SEC focused on the app’s cryptocurrency listings, as well as its custody practices. The Wells Notice reportedly indicates that Robinhood Crypto will be sued for failing to register as a securities exchange and as a clearing agency.Notably, Robinhood ConsensysWhile the SEC has not yet sued Consensys regarding the company’s relationship with Ethereum, the regulator did issue the firm a Wells Notice in April regarding MetaMask, an Ethereum wallet created by the software giant. According to a Uniswap LabsOn April 10, the SEC sent a Wells Notice to Uniswap Labs, the New York-based company behind the Uniswap decentralized exchange (DEX), Unlike previous lawsuits against crypto exchanges, the SEC’s impending suit against Uniswap will distinctively argue that CoinbaseIn one of the SEC’s most prominent ongoing crypto legal suits, the regulator has been battling San Francisco-based crypto exchange Coinbase tooth and nail since filing a lawsuit against the firm In March, Coinbase successfully BinanceThe SEC’s suit against Binance has largely proceeded in tandem to its case against Coinbase, given both massive crypto exchanges were sued within a day of each other The suit also personally implicated Binance founder Changpeng Zhao, who was While Binance paid a historic RipplePerhaps the most intensive legal battle fought thus far by a crypto company against the SEC has been waged by Ripple Labs, the company associated with crypto token In one of the crypto industry’s highest profile legal victories to date, a federal judge ruled The judge overseeing the case did ultimately find, however, that Ripple’s offerings of XRP to KrakenNine months after crypto exchange Kraken Kraken has aggressively pushed back against this second SEC suit, attempting—like other American crypto exchanges—to have the case Edited by Andrew Hayward
