1 / 1 Relevant items tagged with #Dismissal

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Tornado Cash’s Roman Storm case moves to trial as judge denies dismissal

[Sep 26 10:46 PM] A New York federal judge denied Roman Storm’s bid to dismiss US government charges. Storm is the co-founder of the crypto-mixing platform Tornado Cash.

Elon Musk drops lawsuit against OpenAI CEO Sam Altman

[Jun 11 7:22 PM] Musk’s decision came one day before a federal judge was set to decide whether to dismiss the case or allow it to proceed to the next stage.

Coinbase disputes SEC’s crypto authority in final bid to toss regulator’s suit

[Oct 24, 2023 11:49 PM] Coinbase says the SEC’s definition of an investment contract isn’t in line with U.S. securities laws.

Judge Denies CEL Valuation Boost; Evades CEL’s Security Classification in Celsius Saga

[Aug 26, 2023 12:30 PM] In the unfolding saga of the Celsius bankruptcy case, a proposal was presented to elevate the defunct crypto enterprise’s native token, CEL, to a valuation of $0.80 each. Yet, the overseeing U.S. bankruptcy judge, Martin Glenn, dismissed…

Gemini Challenges SEC Lawsuit on Lending Program, Pushes for Oral Hearing

[Aug 21, 2023 2:00 PM] Lawyers for cryptocurrency exchange Gemini have filed a motion seeking to dismiss a lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC) over its Gemini Earn lending program. In the motion, Gemini argues the SEC has…

Class Action Lawsuit Against Tether, Bitfinex Dismissed

[Aug 5, 2023 1:30 PM] A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin…

Coinbase Urges Court to Dismiss SEC Case, Claiming Regulator ‘Overstepped’ Its Statutory Authority

[Aug 4, 2023 11:30 AM] In a motion for judgment filed on August 4, Coinbase hit back against the SEC’s lawsuit alleging it facilitated unregistered trading of securities, arguing the agency lacks authority to regulate digital assets in this way. Coinbase Fights…

Coinbase to file order seeking dismissal of SEC lawsuit

[Aug 3, 2023 6:31 PM] Paul Grewal said Coinbase will seek to dismiss the SEC’s suit on Aug. 4 which will argue that it never sold securities as the regulator alleged.

FTX Seeks to Exclude Dubai Subsidiary From Ongoing Bankruptcy

[Aug 3, 2023 1:30 PM] FTX Trading Ltd. filed a motion on Tuesday to dismiss its Dubai-based subsidiary, FTX Exchange FZE, from ongoing bankruptcy proceedings, citing the unit’s lack of operations and assets. Dubai’s FTX Exchange Faces Voluntary Liquidation…

Binance, CZ to Seek Dismissal of CFTC Complaint

[Jul 26, 2023 12:00 AM] Crypto exchange Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). On July 27, the trading platform is due to submit its response to the CFTC…

US Judge Considers if Crashed Coins of Terraform Labs Were Securities

[Jun 16, 2023 3:30 PM] A judge in the United States considered on Thursday whether the cryptocurrencies created by Terraform Labs were securities. The failed blockchain firm and its founder, Do Kwon, have asked the court to dismiss a case filed by the U.S. Securities and…

Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse

[Mar 14, 2023 8:00 AM] The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from…

Federal Judge Rules NBA Top Shot NFTs May Be Considered Unregistered Securities

[Feb 22, 2023 5:30 PM] A federal judge, Victor Marrero, ruled on Wednesday that the NBA Top Shot non-fungible tokens (NFTs) issued by Dapper Labs may meet the requirements to be considered an unregistered security. The case arose in 2021 when an NBA Top Shot collector…

FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings

[Jan 31, 2023 11:30 AM] FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best…