SEC Enforcement Head Grewal to Resign

In an announcement on Oct. 2, Gurbir Grewal, the head of enforcement at the U.S. Securities and Exchange Commission (SEC), revealed that he would be stepping down from his position on Oct. 11. His tenure has been notable for a tough stance on the cryptocurrency sector. Although a permanent successor has not been named, Sanjay […]

SEC Seeks to Overturn Ruling in Ripple Case

On October 2, the Securities and Exchange Commission (SEC) submitted a notice of appeal in the ongoing Ripple lawsuit, aiming to overturn a prior ruling made by Judge Analisa Torres. Legal analysts had long expected the SEC to challenge the 2023 decision, which clarified that secondary sales of Ripple’s XRP tokens were not considered securities […]

Bank of America Outage Leaves Customers with $0 Account Balances Nationwide

On October 2, thousands of Bank of America customers faced disruptions when a network outage caused many to see $0 balances or experience difficulties accessing their accounts. Service interruptions were first flagged around 4:26 p.m. UTC, and by an hour later, nearly 18,000 users had reported issues, according to Downdetector, a platform that tracks real-time […]