5 / 19 Relevant items tagged with #Court

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Judge finds Ripple Labs liable for $125M penalty in SEC case

[Aug 7 8:51 PM] Ripple’s civil case with the SEC has been ongoing since December 2020, when the regulator alleged the blockchain firm used XRP as an unregistered security to raise funds.

Elon Musk renews lawsuit against OpenAI, Sam Altman — Filing

[Aug 5 6:01 PM] Musk claims he was misled about the ChatGPT creator’s true purpose.

Bankrupt crypto firm Genesis completes restructuring

[Aug 2 8:03 PM] In a January open letter, Gemini co-founder Cameron Winklevoss accused entities related to Genesis of inflating their assets.

Montenegro Appellate Court upholds Do Kwon extradition to South Korea

[Aug 1 5:36 PM] Since 2023, the decision to send the Terraform co-founder to South Korea or the United States has been contested in Montenegrin courts.

Judge grants ex-FTX exec’s request to postpone reporting to prison

[Jul 30 10:04 PM] Ryan Salame will have an additional 45 days of freedom after his lawyers said there were medical complications due to a dog bite.

SEC Charges BitClout founder Nader Al-Naji with fraud

[Jul 30 8:11 PM] The Securities and Exchange Commission claimed the BitClout founder spent $7 million on personal luxury goods and gifts to family members.

Citron founder pleads not guilty to fraud over short seller calls

[Jul 30 3:55 AM] Lawyers for short-seller firm Citron’s Andrew Left reportedly said he would “never” accept a plea deal with the US government.

Ex-FTX exec asks for delay reporting to prison after dog attack

[Jul 27 10:00 AM] Ryan Salame was scheduled to report to prison on Aug. 29 after being sentenced to 90 months for charges related to the misuse of FTX user funds.

Judge approves delaying forfeiture of donations from FTX-funded PACs

[Jul 26 12:52 PM] Former FTX CEO Sam Bankman-Fried reportedly donated roughly $40 million directly to political candidates and PACs in 2022 before the collapse of his crypto exchange.

Is government oversight non-negotiable for the future of crypto?

[Jul 26 7:20 AM] Governments aren’t known for allowing anything to thrive without some oversight or control, but for the most part, crypto is proving to be an exception.

Craig Wright’s colleague tried to stop court case — He didn’t listen

[Jul 24 7:01 AM] Christen Ager-Hansen told Cointelegraph that he warned his former colleagues, including Craig Wright and financial backer Calvin Ayre, against going to court.

Forcount crypto scheme promoters plead guilty to wire fraud conspiracy

[Jul 22 3:48 PM] On July 22, two of the five individuals who allegedly stole $8.4 million from investors between 2017 and 2021 by promoting Forcount pleaded guilty.

Judge reduces Ethereum dev’s prison sentence by 7 months

[Jul 17 2:25 PM] Virgil Griffith could be eligible for release as early as January 2025 after pleading guilty to violating US sanctions on North Korea.

Craig Wright admits he’s not Satoshi, issues disclaimer on his website

[Jul 16 12:24 PM] The Crypto Open Patent Alliance accused Wright of forgery in court and claimed that he “invented an entire biographical history.”

Tornado Cash Co-Founder Alexey Pertsev Denied Bail by Dutch Court

[Jul 15 4:07 AM] Alexey Pertsev, the co-founder and developer behind Tornado Cash, was denied bail by a Dutch court on Friday, according to DLNews.

Judge has ‘strong views’ about Coinbase inquiry into Gensler’s private msgs

[Jul 11 2:01 PM] Judge Katherine Polk Failla said she would hear from SEC and Coinbase lawyers on July 15 whether SEC Chair Gary Gensler’s private communications on crypto were fair game.

Supreme Court ruling ‘changes the game’ for US crypto firms

[Jul 11 7:51 AM] The high court’s decision further bolsters the argument “that Congress, not an agency, should decide if — and how — to regulate Web3.”

Marathon site manager ducks Texas noise charges amid resident complaints

[Jul 10 10:08 PM] David Fischer, manager of a Texas site for Marathon Digital, was acquitted on charges alleging the site violated local noise ordinances.

CFTC Chair reiterates BTC and ETH are commodities in testimony

[Jul 10 7:53 PM] Head of the US commodities regulator, Rostin Behnam, has again argued his agency should be given regulatory oversight of Bitcoin and Ethereum to better protect investors.

Sentencing for ex-FTX execs set for October, November

[Jul 9 9:14 AM] Former FTX executives Nishad Singh and Gary Wang, who both testified at Sam Bankman-Fried’s criminal trial, are scheduled to be sentenced later this year.

Judge dismisses coders’ DMCA claims against Microsoft, OpenAI and GitHub

[Jul 7 10:53 AM] The partial dismissal indicates complainants failed to demonstrate that GitHub reproduces human-created code.

Former US solicitor general claims regulators want to ‘debank’ crypto

[Jul 5 3:03 PM] Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve.

NYT AI lawsuit gets weird as OpenAI demands sources for every article

[Jul 4 2:30 PM] It’s unclear whether the judge in the case is considering the request, but the New York Times had a strong response to the request.

Binance exec trial will resume July 5 as family reports health problems

[Jul 3 1:22 PM] Though Nigeria's tax authority dropped charges against two Binance executives in June, the pair will still face a trial for allegations of money laundering.

Judge signs off on expedited schedule for Consensys suit against SEC

[Jul 2 12:12 PM] While Judge Reed O’Connor granted the SEC an extension to respond to Consensys’ lawsuit, he also approved a timeline for considering the case’s merits proposed by the firm.

Roaring Kitty GME class action lawsuit dropped after 3 days

[Jul 1 7:10 PM] A GameStop investor who accused Roaring Kitty of committing securities fraud has voluntarily dropped the complaint "without prejudice" meaning he can file another similar lawsuit again in the future.

SEC Asks Court to Quash Coinbase Subpoena in Legal Clash Over Crypto Regulations

[Jun 29 3:20 PM] The U.S. Securities and Exchange Commission (SEC) has asked the court to quash a subpoena issued by crypto exchange Coinbase that demands documents related to the crypto markets and personal communications of SEC Chair Gary Gensler. The SEC argues…

Ex-fintech CEO sentenced to 3.75 years over price manipulation scheme

[Jun 25 2:58 PM] A federal judge in Florida recognized the HYDRO token as an investment contract qualifying as a security under SEC guidelines.

Ripple faces securities suit in California over CEO's ‘misleading statement’

[Jun 20 9:08 PM] Judge Phyllis Hamilton found XRP could be a security when sold to retail and gave the go-ahead to a lawsuit over statements from Ripple CEO Brad Garlinghouse.

Judge in SEC v. Kraken case suggests he will deny motion to dismiss

[Jun 20 4:10 PM] In their motion to dismiss, Kraken’s lawyers disputed the legal theory that the exchange was an “ecosystem” for crypto asset securities.