The offering was conducted under a Form S-3 shelf registration that was approved on June 20, 2025. B. Riley Securities led the offering, with Clear Street, Craig-Hallum, and Northland Capital Markets acting as co-managers. The strong institutional participation highlights growing investor confidence in Bit Digital’s strategic direction.

Confidence in Ethereum Rises

According to the company’s management, the raised capital will be allocated to Ethereum purchases. This strategic move reflects the firm’s strong belief in the long-term potential of the world’s second-largest cryptocurrency. As Ethereum continues its transition to a proof-of-stake model, improvements in scalability, security, and sustainability are expected.

Rather than focusing on Bitcoin or mining equipment, Bit Digital’s pivot toward Ethereum signals an embrace of evolving blockchain trends and long-term digital asset growth. It’s a move that goes beyond short-term gains, aiming to benefit from Ethereum’s expanding role in the broader financial and technology ecosystem.

With Ethereum’s growing use cases, robust developer community, and increasing role in financial infrastructure, Bit Digital’s latest investment may open the door to new revenue opportunities and a stronger position in the digital economy.

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The post Bit Digital Secures Millions in Funding for Ethereum Investment appeared first on Coin Engineer.

In a Feb. 26 notice, Gemini co-founder and president Cameron Winklevoss announced that the SEC had concluded its inquiry and, based on the available information, would not pursue charges against the exchange.

However, the SEC clarified that this does not amount to an exoneration and that future action remains a possibility.

Winklevoss: “SEC Caused Massive Losses!”

Cameron Winklevoss said that while closing the investigation is a step forward, the damage inflicted by the SEC has already been done.

“The SEC cost us tens of millions of dollars in legal fees and hundreds of millions in lost productivity, creativity, and innovation. And we are not alone.”

In January 2023, the SEC had accused Gemini and Genesis Global Capital of offering unregistered securities through Gemini’s Earn program. However, with this latest decision, enforcement proceedings against Gemini have been shelved.

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SEC’s Changing Crypto Policy!

The SEC has recently backed away from multiple crypto-related enforcement actions, dropping cases against Coinbase and OpenSea on Feb. 21 and later closing investigations into Uniswap Labs and Robinhood Crypto.

Former SEC Chair Gary Gensler, known for his aggressive stance against crypto, resigned on Jan. 20, 2025. During his tenure since 2021, the SEC filed over 100 enforcement actions against crypto firms.

Donald Trump, who started his second presidential term on the same day, had previously pledged to fire Gensler and implement a crypto-friendly regulatory environment.

Winklevoss argued that thoughtful legislation is needed to prevent regulatory overreach in the future.

“There must be a cost to be paid for sham investigations and baseless enforcement actions.”

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The post SEC Closes Investigation Into Gemini With No Enforcement Action! appeared first on Coin Engineer.

In a Feb. 26 filing, both parties stated, “The Parties submit that it is in each of their interests to stay this matter while they consider a potential resolution.”

If the court grants the request, a joint status report will be submitted within 60 days.

SEC’s Changing Stance on Crypto!

This move aligns with the SEC’s recent trend of stepping back from aggressive crypto enforcement actions. Donald Trump’s administration has pledged to relax regulatory measures and position the U.S. as a global crypto hub.

The SEC had also sought to stay or dismiss its cases against major crypto firms like Binance and Coinbase. Reports suggest that lawsuits against Kraken and Ripple, scheduled for hearings in March and April, might also be paused.

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SEC’s Lawsuit Against Justin Sun!

In March 2023, the SEC sued Justin Sun and his companies Tron Foundation, BitTorrent Foundation, and Rainberry Inc., alleging that they conducted unregistered securities sales involving Tron (TRX) and BitTorrent (BTT) tokens and engaged in manipulative wash trading.

Sun sought to dismiss the lawsuit, arguing that the sales were predominantly foreign and outside the SEC’s jurisdiction. However, the agency countered that Sun’s frequent travels to the U.S. establish its authority over the matter.

Additionally, Sun’s $75 million investment in Trump’s crypto platform, World Liberty Financial, has raised eyebrows. He is currently the platform’s largest investor and advisor.

Neither SEC nor Tron representatives provided any comments on the legal proceedings.

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The post SEC and Justin Sun Ask Court to Stay Case for Settlement Talks! appeared first on Coin Engineer.

The new platform, called Ondo Global Markets (Ondo GM), aims to transform financial markets into a blockchain-based structure, ensuring greater transparency and efficiency.

“The current investing experience is full of challenges. High fees, limited access, transfer frictions, and hidden risks create major obstacles for both investors and companies.” – Ondo Finance

Reshaping Securities Markets with Blockchain

Ondo Finance emphasizes that blockchain technology is the key to overcoming traditional financial market barriers. According to the company, stocks, bonds, and ETFs will be tokenized through blockchain, making them more transparent and accessible.

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The new platform will cover over 1,000 securities listed on the New York Stock Exchange (NYSE) and Nasdaq. As part of this initiative, shares of companies such as Apple, Tesla, and Uber will be tokenized.

“Each token will be backed 1:1 by the security it tracks.” – Ondo Finance

Additionally, global access will be available 24/7 through the platform.

Traditional Exchanges Adapt to Competition

With the rise of onchain trading, traditional exchanges are developing new strategies to stay competitive.

For example, Cboe Global Markets announced on February 3 that it will introduce 24-hour weekday trading. This move aims to increase global investors’ access to U.S. equities.

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The post Ondo Finance Brings Stocks and Bonds Onchain! appeared first on Coin Engineer.

In its January 15 filing to the Second Circuit Appeals Court, the SEC requested the overturn of the decision and for XRP sales to retail investors to be classified as unregistered securities. The SEC also argued that XRP distributed as employee compensation and in business deals should be deemed securities.

Allegations Against Ripple

The SEC claimed that Ripple’s promotional efforts made XRP an investment contract, fulfilling the requirements of the Howey Test, which defines securities. However, in July 2023, Judge Analisa Torres ruled that XRP was a security when sold to institutions but not when sold to retail investors through exchanges, as these investors didn’t know the seller.

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Ripple CEO Brad Garlinghouse criticized the appeal, saying, “The SEC is doing the same thing over and over and expecting different results.” Ripple’s Chief Legal Officer Stuart Alderoty also dismissed the SEC’s arguments as “a rehash of already failed claims.”

XRP and Market Reaction

The appeals process could take months, with Ripple submitting counter-arguments and the court potentially hearing oral arguments. Ripple has also cross-appealed parts of the case it lost, including a $125 million civil penalty ruling.

Despite the SEC’s filing, XRP surged by 10% in the past 24 hours amid broader crypto market gains.

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According to a January 15 Reuters report, the Trump administration might review the SEC’s ongoing crypto cases in its first few days. Cases alleging only securities law violations, without fraud allegations, could potentially be frozen.

After January 20, the resignations of SEC Chair Gary Gensler and Commissioner Jaime Lizárraga will leave the regulator with only three members until Trump appoints new ones.

SEC and Crypto Companies

SEC Commissioners Hester Peirce and Mark Uyeda may reevaluate securities definitions and ongoing cases involving crypto firms under the Trump administration.

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In 2020, under former SEC Chair Jay Clayton, the commission filed a lawsuit against Ripple Labs, alleging the company used XRP tokens as unregistered securities. During Gary Gensler’s tenure, lawsuits were filed against other U.S.-based crypto companies like Coinbase, Binance, Celsius, BlockFi, and Consensys.

What Will SEC Look Like in 2025?

Caroline Crenshaw, a Democratic SEC commissioner appointed in 2020, is expected to remain at the agency until the end of 2025. While Democratic senators attempted to confirm her for another five-year term during their majority, Republican lawmakers reportedly blocked the effort.

As part of his campaign promises, Trump pledged to remove Gary Gensler, signaling support for the crypto industry. After his election victory, Trump announced plans to appoint an AI and crypto czar and replace the current SEC Chair.

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The company agreed to pay $4 million to settle the lawsuit, which was filed by plaintiff Luis Friel. Friel alleged that Dapper Labs sold unregistered securities by offering NBA Top Shot Moments NFTs to the public.

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Dapper Labs denies any wrongdoing and maintains that its NFTs are not securities. The company said in a statement that the settlement “does not constitute an admission of any liability or wrongdoing by Dapper Labs.”

The settlement is a significant development for the NFT industry. It is the first major class-action lawsuit alleging that NFTs are securities to be settled. The outcome of the case could have implications for other NFT companies.

The post NFT Creator Dapper Labs Settles US Lawsuit appeared first on Coin Engineer.

Grewal Challenges SEC’s Stance

Grewal pointed out the SEC’s assertion that it typically provides “detailed notice of the allegations” before suing a company. He contrasted this with Coinbase’s own experience, stating:

“We were not given ‘detailed notice’ of what was considered a security. We weren’t even told which assets were at issue. Why doesn’t the government follow its own ‘typical’ process in our case, and what does that say about [the SEC’s] claims?”

Background: The Debt Box Case and Coinbase’s Ongoing Legal Battle

The SEC filed a lawsuit against Coinbase in June 2023, alleging that the company had sold unregistered securities since 2019. The case is ongoing, and the SEC has recently requested that Coinbase’s appeal be denied.

Grewal’s criticism highlights the ongoing tensions between the SEC and the cryptocurrency industry. The SEC has been taking a stricter stance on crypto regulation, while the industry has called for clearer and more consistent guidelines.

The Debt Box case and Coinbase’s response raise questions about the SEC’s approach to enforcement and due process in the crypto space. The case could have broader implications for other cryptocurrency companies facing regulatory scrutiny.

The post Coinbase Slams SEC’s Methods: ‘No Wells Notice, No Clarity on Assets’ appeared first on Coin Engineer.