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Better Markets, a nonprofit, has filed an amicus curiae brief in support of the Securities Exchange Commission's (SEC) appeal against Ripple Labs. The brief asks the 2nd Circuit Court of Appeals to overturn a 2023 district court ruling that held that Ripple Labs' sales of XRP to retail investors were not governed by U.S. securities laws. The nonprofit organization argued in its complaint that the court had mistakenly applied the Howey Test, undermining the integrity of investor protection.
Better Markets has filed a 39-page amicus curiae statement in a US court recommending the closure of the Kalshi election prediction market, citing the risk of manipulation by the giant whale. The group cited Polymarket as an example, arguing that bets by giant whale accounts on Donald Trump to win the election, amounting to tens of millions of dollars, could cause market prices to deviate from fundamentals and harm small retail investors. Better Markets also warned that allowing such contracts t...
Dennis Kelleher, chief executive of Better Markets, said the Securities Exchange Commission had a 90 per cent chance of winning its appeal of the XRP lawsuit against Ripple. He criticized the court's decision as flawed, arguing that the judge in the case had misapplied the law. Kelleher said in an X post, "Be serious. This is not a'state law ', this is just a baseless decision by a district court judge that has been overturned by other highly respected judges and will be overturned on appeal, wh...
In its letter to the SEC, Better Markets said it criticised the Bitcoin spot ETF approved earlier by the commission, saying it allowed "the industry to sell some of its products to retail investors under the guise of legality". BetterMarkets also commented on its view of the cryptocurrency industry, saying it was rife with "fraud, scams and abuse". The group believes that the current experience with similar Bitcoin-based products explains why the Ethereum Spot ETF should not be approved. Even in...
Better Markets在发给美国SEC的信中表示，该组织批评了该委员会早些时候批准的比特币现货ETF，称这使得“该行业可以在合法的表象下向散户投资者兜售其部分产品”。BetterMarkets还评论了其对加密货币行业的看法，称其充斥着“欺诈、诈骗和滥用行为”。 该组织认为，目前类似基于比特币产品的经验说明了为什么以太坊现货ETF不应该获得批准。即使在比特币E...
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