11 / 21 Relevant items tagged with #LEGAL
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Terra’s Do Kwon Wins Extradition Appeal in Montenegro as Case Heads for Retrial
[Mar 5, 2024 6:52 AM] Kwon is facing fraud charges in the U.S. around his role in Terra's collapse.
Founders of $400 Million Cryptocurrency Ponzi Scheme Arrested in Argentina
[Mar 5, 2024 4:30 AM] Two individuals, a woman and a man, were captured in Argentina on charges of having perpetuated a Ponzi scheme that moved over $400 million in cryptocurrency in Brazil. The operation managed to track the couple’s whereabouts with the help of…
Montana Blasts SEC ‘Regulatory Power Grab’ in Kraken’s Case: ‘Crypto Assets Are Not Automatically Securities’
Texas Blockchain Council and Riot Secure Legal Victory in Bitcoin Mining Data Collection Lawsuit
[Mar 3, 2024 3:30 AM] In a landmark ruling, the Texas Blockchain Council (TBC) and Riot Platforms Inc. have triumphed in their lawsuit against the Biden administration, successfully halting the data collection efforts on bitcoin mining operations. TBC and Riot Platforms…
Final Agreement On EIA Emergency Survey Released
[Mar 1, 2024 1:30 PM] The final agreement between the Texas Blockchain Council & Riot Platforms, Inc., and the Energy Information Administration has just dropped, and it’s a good one.In sum, the EIA will voluntarily terminate the illegal EIA-862 collection action they…
Chamber of Digital Commerce: SEC Actions ‘Pose Separation of Powers and Due Process Concerns’
[Mar 1, 2024 4:30 AM] The Chamber of Digital Commerce, a Washington-based blockchain advocacy group, has filed an amicus curiae document on the SEC v Payward, Inc. (Kraken) case. The chamber argues that the actions of the SEC pose “separation of powers and due…
SEC Overstepped Bounds in Kraken Lawsuit, State AGs Charge
[Feb 29, 2024 8:36 PM]
EIA Emergency Survey Preliminary Injuction Hearing Canceled Yesterday
[Feb 29, 2024 7:05 AM] Yesterday we were supposed to have a hearing on the preliminary injunction in the Texas Blockchain Council v. Department of Energy case. But, as often happens in litigation, things change quickly. Tuesday the judge entered an order canceling…
A Maximum of 78 Months — Sam Bankman-Fried’s Legal Team Calls for Leniency
[Feb 29, 2024 12:30 AM] In a recent legal submission, Sam Bankman-Fried’s freshly appointed defense team strongly criticized the suggested century-long sentence as “grotesque.” The firm Mukasey Young is pushing for a gentler verdict for the 31-year-old creator of…
Coinbase Made an Arbitration Case to the U.S. Supreme Court – Again
[Feb 28, 2024 2:54 PM] Crypto exchange Coinbase again led a legal charge on the ins and outs of arbitration in the U.S. Supreme Court on Wednesday. The latest case isn't about digital assets, directly, but it may be important for every modern consumer who buys, registers…
Second EIA Survey Extension Being Pushed With Open Comment Period
[Feb 27, 2024 12:10 PM] The current EIA Emergency Cryptocurrency Mining Facilities survey held by injunction would require monthly reporting of information from mining facility operators through July 31, 2024. This survey would require the collection of information such…
Lejilex and Crypto Freedom Alliance of Texas Sue SEC for Unlawfully Targeting the Digital Asset Industry
[Feb 24, 2024 6:30 AM] Lejilex and the Crypto Freedom Alliance of Texas, a crypto nonprofit, have teamed up to introduce a complaint against the actions of the SEC towards actors in the digital asset industry in America. The complaint alleges that the SEC has no…
Coinbase on Grayscale Ethereum Spot ETF Application: “ETH Is a Commodity, Not a Security”
[Feb 24, 2024 3:30 AM] Coinbase has answered the SEC request for comments on the proposed rule change to list the ETH Grayscale Fund as a spot ETF. Coinbase stated that ether was a commodity, and its status has been publicly recognized in a variety of circumstances by…
RIOT PLATFORMS AND TEXAS BITCOIN COUNCIL SEEK INJUCTION AGAINST EIA SURVEY
[Feb 23, 2024 1:15 PM] Today at 11:30a in Waco, Texas, the Texas Blockchain Council and Riot Platforms, Inc., asked a Federal District Judge Alan Albright for a temporary restraining order blocking the Energy Information Administration from enforcing their "emergency"…
Report: Bankman-Fried Stands by Legal Team Amid Potential Conflict of Interest
[Feb 21, 2024 11:30 PM] Sources report that Sam Bankman-Fried (SBF), the erstwhile crypto magnate and former head of FTX, intends to utilize his newly appointed legal team, despite these attorneys also serving Alex Mashinsky, the former chief of Celsius. On Wednesday, in…
US Judge Urged to Approve Binance’s $4.3 Billion Plea Deal
[Feb 21, 2024 3:00 AM] A U.S. Federal Judge has been urged to accept a plea deal from U.S. authorities with the cryptocurrency exchange, Binance. Prosecutors, in a memorandum, have asserted that the agreed-upon sanctions are commensurate with the extent of Binance’s…
Deltec Bank Accused of Secretly Extending a $2 Billion Credit Line to Alameda Research
[Feb 20, 2024 7:30 AM] Deltec Bank and Trust Ltd, based in The Bahamas, stands accused of covertly extending a $2 billion line of credit to Alameda Research. A lawsuit, filed by those who claim to be victims of Sam Bankman-Fried, accused Deltec of granting a three-day…
Australian Police Officer in Court for Stealing Nearly 82 BTC From Seized Drug Trafficker’s Wallet
[Feb 20, 2024 5:30 AM] An Australian police officer recently appeared in a Melbourne court where he faced charges of stealing 81.616 bitcoins from a crypto wallet seized from drug traffickers. After initially blaming the drug traffickers,’ the Australian Federal…
Swiss Crypto Hedge Fund Tyr Capital Clashes With Client Over FTX Exposure: FT
[Feb 20, 2024 1:02 AM] Tyr investor TGT has brought claims against the hedge fund that it ignored several warnings over its ties with FTX.
FinCEN Finds Increased Cryptocurrency Involvement in Human Trafficking
[Feb 15, 2024 5:00 PM] The Financial Crimes Enforcement Network (FinCEN) has released an analysis that reports an alleged increase in the use of cryptocurrency in human trafficking cases. According to FinCEN, reports of cryptocurrency linked to these purposes grew from…
Craig Wright’s Satoshi Claims Challenged in Intense UK Court Cross-Examination
[Feb 15, 2024 9:30 AM] Craig Wright, the Australian computer scientist claiming to be Satoshi Nakamoto, faced a rigorous week-long cross-examination. The proceedings, which unfolded in the U.K. High Court, saw Wright defending his assertion against the Crypto Open Patent…
Changing Regulatory Dynamics For Bitcoin ATMs
[Feb 14, 2024 8:00 AM] In the ever-evolving landscape of Bitcoin, changes can be hard to keep up with. As we enter into a new year, it’s important to be mindful that significant industry shifts and expansions will likely occur.The increase in regulatory measures we’ve…
Former Binance CEO Changpeng Zhao’s Sentencing Delayed to April 30, Court Notice Reveals
[Feb 14, 2024 6:30 AM] A U.S. court has postponed the sentencing of Changpeng Zhao, the ousted CEO of the crypto exchange Binance, to April 30. A Seattle Federal Court notice did not share reasons for the delay in Zhao’s sentencing while his lawyer reportedly…
Voyager Investors Sue the NBA and New Jersey’s Oldest Law Firm
[Feb 14, 2024 5:00 AM] Investors in the bankrupt cryptocurrency exchange Voyager Digital are suing the National Basketball Association (NBA), and New Jersey’s oldest law firm, McCarter & English. This emerging legal battle illustrates how even some of the largest and…
Resisting the EIA: One Possible Playbook
[Feb 13, 2024 11:10 AM] The Biden Administration has intensified oversight on the U.S. bitcoin mining sector through an Energy Information Agency (EIA) emergency survey, portraying electricity usage by miners as a significant threat to national grid stability. This move…
Australian Court Sides With ASIC in a Case Pitting the Regulator Against a Crypto Startup
US Senators Slam SEC for Operating in ‘Unethical and Unprofessional Manner’ in Debt Box Case
[Feb 10, 2024 10:00 AM] Five U.S. senators have expressed their concerns to the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, regarding the agency’s enforcement action against crypto firm Debt Box. The court found that the SEC made…
NBA Faces Class Action Lawsuit Over Voyager Digital Promotion
[Feb 9, 2024 9:00 AM] A class action lawsuit has been filed against the National Basketball Association (NBA), accusing the league of gross negligence through its marketing agreements with the now-bankrupt crypto exchange Voyager Digital Holdings, leading to investor…
Tradestation Settles With SEC and State Regulators for $3 Million
[Feb 9, 2024 12:30 AM] Tradestation has reached a settlement with the Securities and Exchange Commission (SEC) and state regulatory bodies, agreeing to pay $3 million in fines for offering an unregistered crypto asset lending product to U.S. investors, a move that…