No More Robbing The Rich To Give To The Poor? + Solana Meme Coins Skyrocket

Republished By Plato

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Hello hello, welcome to another Coinigy news round-up.

With me today are some pretty interesting stories from last week that I just can’t wait to share.

But before that, kudos to BTC for surviving the weekend without slipping below $60k.

It was a really strong battle.

In other news, it turns out that Robinhood may be out of arrows as the SEC is sniffing out his hideout.

Now, I don’t know how to phrase this narrative 😅

Did Robinhood finally become a bad guy? (would be nice to see a movie that flips the script)

Anyway, let’s keep watching the news to see how the exchange approaches the SEC case.

With that said, here are the highlights from last week.

FTX’s New Plan Could Give 98% of Crypto Customers Back More Than They Lost
SEC targets Robinhood, Grayscale’s Ethereum ETFs, and more
SEC Files Final Response in Ripple XRP Case
It’s ‘clear’ the US government is going after Tether: Ripple CEO
Solana Meme Coins, GameStop Stock Rocket as ‘Roaring Kitty’ Returns on X

FTX’s New Plan Could Give 98% of Crypto Customers Back More Than They Lost

Bankrupt cryptocurrency exchange FTX announced a new restructuring plan that, if approved, could finally give most of its customers access to money they lost—plus interest.

SEC targets Robinhood, Grayscale’s Ethereum ETFs, and more

Another Wells notice has hit the crypto industry as the United States Securities and Exchange Commission (SEC) intensifies its scrutiny, targeting Robinhood. The popular trading platform received the notice on May 4, signaling potential enforcement action over alleged securities violations related to cryptocurrency listings and custodian operations.

SEC Files Final Response in Ripple XRP Case

Ripple Labs and the United States Securities and Exchange Commission (SEC) have made major progress in their legal battle, with the SEC taking a step forward by filing its final reply in the lawsuit’s remedies phase.

It’s ‘clear’ the US government is going after Tether: Ripple CEO

Ripple CEO Brad Garlinghouse says it is “clear” that the United States government is “going after” stablecoin issuer Tether — which could have an unpredictable impact on the crypto markets.

Solana Meme Coins, GameStop Stock Rocket as ‘Roaring Kitty’ Returns on X

A single picture on Monday sparked rallies across some cat-themed meme coins and Gamestop stock (NYSE: GME) as market cults heralded the apparent return of TheRoaringKitty, the X profile of retail trader Keith Gill, who made his first post since late 2021.