SEC, Crypto Asset Firm Withdraw Cross-Appeals Over Civil Penalty Ruling

( August 27, 2025, 2:19 PM EDT) -- NEW YORK — The Securities and Exchange Commission and a crypto asset firm withdrew their cross-appeals of a New York federal court’s ruling requiring the crypto firm to pay more than $120 million as a civil penalty after the court granted the SEC’s motion for entry of final judgment on the commission’s allegations that cryptocurrencies sold by the firm were effectively unregistered securities....

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