2 / 21 Relevant items tagged with #LEGAL

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The Current State Of The IRS Broker Rule

[Mar 5 5:33 PM] Bitcoin Magazine The Current State Of The IRS Broker Rule Between the holidays and New Years, the IRS used the last passing days of the Biden administration to finalize its long feared Broker Rule: a regulation requiring all cryptocurrency…

Bitcoin Reserves And The Incentives Of Civil Asset Forfeiture

[Mar 3 6:22 PM] Bitcoin Magazine Bitcoin Reserves And The Incentives Of Civil Asset Forfeiture Yesterday, President Trump announced the long awaited Strategic “Bitcoin” Reserve on Truth Social, and many in the space are pissed. First, the Reserve appears to be far…

SEC Dismisses Legal Case Against Kraken, Exchange Confirms 

[Mar 3 4:30 PM] The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against cryptocurrency exchange Kraken, the company confirmed Monday, ending a high-profile regulatory battle over allegations of operating as an unregistered securities…

FBI Cracks $290M Crypto Scam—Trade Coin Club Exposed

[Feb 23 4:30 AM] A Brazilian man accused of masterminding a $290 million crypto Ponzi scheme has been extradited to the U.S., where he faces fraud charges and a potential 20-year sentence. Global Crypto Fraudster Faces U.S. Justice—Inside the $290M Bitcoin Scheme A…

Safemoon’s Former CTO Pleads Guilty to Fraud

[Feb 22 10:30 AM] The guilty plea is the latest development in one of crypto’s most scandalous fraud schemes that left an $8 billion project bankrupt. Former Executive of Defunct Crypto Firm Safemoon Enters Guilty Plea Thomas “Papa” Smith used to be the chief…

Russia’s Supreme Court Moves to Classify Crypto as Property

[Feb 22 4:30 AM] Russia’s Supreme Court is pushing to classify cryptocurrency as property in penal cases, aiming to strengthen law enforcement’s ability to track, freeze, and confiscate illicit digital assets. Russia’s Supreme Court Advances Crypto Legalization…

Bitwise: Rug-Pulls Aren’t Always Illegal

[Feb 18 6:30 AM] If memecoins are considered commodities and not securities, then investors can’t sue for insider trading, says Bitwise Head of Alpha Strategies Jeff Park. Insider Trading May Not Apply to Certain Memecoins, Says Bitwise Executive Bitwise Head of…