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February 7th - US President Trump tweeted: "We need more competition to fight our enemies—the national television networks that spread fake news. Facilitating a good deal like Nexstar-Tegna will help combat fake news because it will bring more, higher-level, and more sophisticated competition. Those who oppose it dont fully understand the benefits for them, but they will in the future. Get this deal done!"February 7th - Ukrainian President Volodymyr Zelenskyy posted a message on the 7th local time, stating that he received a briefing from the Ukrainian negotiating team following their talks with the US and Russia. The Ukrainian negotiating team provided him with a detailed overview of the progress of the negotiations. He stated that Ukraine needs to achieve substantial results, and one of the most important foundations for a peaceful resolution is effective security guarantees.February 7th - While the control dispute at Nexperia remains unresolved, another Chinese acquisition of a British chip company is attracting increasing attention. February 7th was the deadline set by the UK government for the mandatory sale of the FTDI acquisition, subject to national security review. This overseas acquisition by China, completed in 2021, is now entering its final countdown to mandatory sale. Back in November 2024, the UK government formally notified the Chinese consortium that it must transfer all its shares in Future Technology Devices International Limited (FTDI), a UK USB bridge chip company, by the stipulated time. The UK cited the National Security and Investments Act (NSIA), which came into effect in 2022, citing "potential threats to national security." An industry insider stated that the Chinese consortium has been trying to secure more time. The latest extension application is still awaiting a response from the UK, and based on past experience, there is still a certain probability of the extension being approved.February 7th - It was learned from the Ministry of Water Resources that, in order to further improve the construction, operation, and management mechanisms of major water conservancy projects, the Ministry of Water Resources and the National Development and Reform Commission recently issued the "Implementation Opinions on Improving the Construction, Operation, and Management Mechanisms of Major Water Conservancy Projects." Major water conservancy projects are important infrastructure for promoting high-quality economic and social development, playing a crucial supporting role in ensuring flood control, water supply, food security, and ecological security. The opinions are divided into four parts: general requirements, improving the high-quality construction mechanism, improving the high-level operation mechanism, and improving the high-efficiency management mechanism. The opinions require that, focusing on the national water network construction goals of "complete systems, safety and reliability, intensive and efficient, green and intelligent, smooth circulation, and orderly regulation," the government should guide and the market should participate, coordinating "hard investment" and "soft construction," improving the construction and operation mechanism of projects with clear responsibilities, diversified investment, and a focus on both quality and efficiency, and forming a comprehensive, data-driven, and efficient management and guarantee system to achieve high-quality construction, high-level operation, and high-efficiency management of major water conservancy projects.Algeria plans to cancel its air services agreement with the United Arab Emirates.

Is the XLM Crypto Next in Line for a Big SEC Lawsuit?

Skylar Shaw

Aug 30, 2022 14:47

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A number of businesses have been the target of investigations as the Securities and Exchange Commission continues to plod along with its investigation into the cryptocurrency industry. As lawmakers enact relevant legislation, the government body is probing the industry for regulatory gaps and dubious practices that it will look to remedy in the next years. The SEC is now scrutinizing one of the newest projects, Stellar (XLM-USD) and the XLM cryptocurrency.


The SEC's first nascent interest in cryptocurrencies has grown tremendously over the last two years. It launched its first significant legal action against a cryptocurrency project in 2020 and currently has a hand in some of the largest businesses supporting the mostly unregulated sector. The agency is becoming a real pain in the neck for both exchanges and dapp developers.


The SEC launched numerous additional investigations throughout the course of the summer that focused on some of the most recognized cryptocurrency businesses. Most noteworthy are its several investigations into Coinbase (NASDAQ:COIN); it is looking into the validity of Coinbase's staking feature, whether it made unlawful securities offerings, and the involvement of a former employee in the first-ever crypto insider trading inquiry.


These inquiries all follow the SEC's first inquiry into the cryptocurrency market, which is still active today and is being pursued via litigation. The SEC accused Ripple (XRP-USD) of selling its XRP cryptocurrency in violation of securities laws in December 2020.


The legal dispute is approaching its second anniversary. The two bodies have gone back and forth with victories and losses, and it doesn't seem any more probable that it will stop than it did when it first began. This might also be advantageous. It is in the best interests of investors to take the time to present a strong case since the lawsuit will undoubtedly create a precedent for how the SEC will handle future crypto offers.

Crypto News XLM: SEC News Suggests Stellar Is in Trouble

All of the SEC's actions to far have shown that anybody may become the subject of a lawsuit. And now that it's known that the SEC is showing interest in Stellar's XLM cryptocurrency, it's possible that it may become the next big initiative.


Of course, the connection between Stellar and Ripple is important to note. After all, the initiatives' origins and goals are quite similar. Therefore, the Ripple lawsuit's verdict may have the greatest direct impact on Stellar. Jed McCaleb, who left Ripple in 2013 to start Stellar, is a co-founder of both projects. Stellar even used the Ripple technology to settle transactions at first. Similar to its peer, the initiative aims to reduce the administrative burden of wire transfers that are bank-centric.


Institutional cryptocurrency investor Grayscale is raising doubts about an SEC investigation today, which is bad news for the XLM cryptocurrency. In order to learn more about multiple crypto trusts, including one that contains XLM, the government organization reportedly got in touch with Grayscale. It wants more information on the "securities law study" Grayscale did of its token holdings.


Grayscale has previously maintained its position that several of its other assets, including XLM, were not securities. While conceding for the first time that these tokens could qualify as securities under present rules, as CoinDesk notes. Although there is no concrete indication the SEC will investigate Stellar, it is a scary time for holders. Given its recent position shift and how closely XLM resembles the Ripple model, Grayscale may find itself in a same bind as XRP.

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