18 / 19 Relevant items tagged with #LEGAL
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Federal Prosecutors Charge Sam Bankman-Fried With Attempt To Bribe Chinese Officials With $40 Million
[Mar 28, 2023 12:38 PM] In a new indictment unsealed on Tuesday, officials charged Sam-Bankman Fried with bribing Chinese officials to release frozen assets.Federal prosecutors have accused Sam Bankman-Fried (SBF), former CEO of failed cryptocurrency exchange FTX, of…
Binance Case Is Clear Evasion of Law, Says CFTC Chair Behnam
[Mar 28, 2023 8:46 AM] The CFTC on Monday filed suit against the crypto exchange and its CEO Changpeng Zhao.
Terraform Labs CEO Do Kwon Faces Extradition to South Korea
[Mar 24, 2023 1:30 PM] According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the…
Is This Finally an Atomic Bomb From the SEC?
[Mar 23, 2023 4:24 PM] The U.S. Securities and Exchange Commission’s notice to Coinbase (COIN) that it’s likely to be accused of breaking securities laws could foreshadow an agency effort to break the back of the crypto sector as it now operates, but it also may finally…
SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023
[Mar 23, 2023 2:30 PM] 2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces…
Texas Senator Ted Cruz Introduces Anti-CBDC Bill
[Mar 22, 2023 2:35 PM] Ted Cruz has joined a myriad of politicians in demonstrating their contempt for CBDCs in America — but what about pro-Bitcoin legislation? Texas Governor Ted Cruz has joined a growing group of politicians who have come out in support of anti-CBDC…
White House Releases Economic Report On Bitcoin: Here's What They Got Wrong
[Mar 22, 2023 11:11 AM] The latest report from the Biden Administration writes off the benefits of Bitcoin while ignoring the fundamentals and economic activity that give it value.The White House has released the extensive “Economic Report of the President,” which…
Onecoin Head of Legal and Compliance Charged for Role in Crypto Pyramid
[Mar 22, 2023 7:00 AM] Authorities in the U.S. have announced charges against a former Onecoin executive for her alleged role in the notorious crypto pyramid scheme. Bulgarian national Irina Dilkinska, who was extradited on Monday, may face up to four decades in prison…
Texas House Introduces Bill To Boost Local Bitcoin Economy And Protect Rights Of Individual BTC Ownership
[Mar 21, 2023 11:08 AM] A new bill introduced in the Texas House could set the state up to be the nucleus of Bitcoin development in the United States.A bill that would fully protect and “welcome the Bitcoin economy.” has been introduced to the Texas State House of…
U.S. Supreme Court to Hear First-Ever Crypto Case Tomorrow
[Mar 20, 2023 2:22 PM] The U.S. Supreme Court will hear arguments in its first ever crypto-related case on Tuesday, when lawyers for San Francisco-based crypto exchange Coinbase will attempt to convince the nine Justices to pause a pair of class action lawsuits against…
Judges Consider Grayscale’s Arguments In Bitcoin ETF Hearing Against SEC
[Mar 7, 2023 12:26 PM] DC Circuit judges hammered the SEC’s lawyers as they defended their decision to not approve Grayscale’s move toward a spot bitcoin ETF.Grayscale Investments LLC participated in oral arguments on Tuesday in the United States Court of Appeals for the…
U.S. Treasury Introduces CBDC Working Group, Discusses Potential Routes For Digital Dollar
[Mar 2, 2023 3:04 PM] The Treasury’s statements explore the potential forms and implementations of an American CBDC.The U.S. Department of the Treasury has released comments from Undersecretary for Domestic Finance Nellie Liang on the “Next Steps to the Future of Money…
Sam Bankman-Fried Charged With New Crimes As Prosecutors Detail Illegal Political Deals
[Feb 23, 2023 5:22 PM] Bankman-Fried’s charges have been expanded in the latest indictment brought forth by federal prosecutors.Federal prosecutors have announced a new indictment of Sam Bankman-Fried with four additional criminal charges.The document alleging these new…
U.S. Legislators Introduce Bill That Would Prohibit Creation Of An American CBDC
[Feb 22, 2023 12:05 PM] The bill would effectively put an end to the debate over the creation of a Federal Reserve-issued CBDC.U.S. Congressman Tom Emmer (R-MN) has introduced a bill that would prohibit the Federal Reserve from issuing a CBDC directly to anyone. The bill…
Wyoming Legislature Passes Bill Protecting Bitcoin Private Keys From Courts
[Feb 16, 2023 1:24 PM] It is now up to the governor of Wyoming to put the final stamp of approval on the landmark bill.The U.S. state of Wyoming has passed a bill that protects its citizens from having to disclose their private keys, with a singular exception. Having now…
El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, says IMF
[Feb 11, 2023 9:21 PM] The IMF has suggested that El Salvador “reconsider” its plans for Bitcoin, following a recent visit to the country.
UK Court Rules Craig Wright Has No Copyright Claim On Bitcoin
[Feb 8, 2023 3:21 PM] The ruling is the latest in a string of court cases that have ended with a decision against Craig Wright.A United Kingdom court has ruled against Craig Wright, indicating that he has no copyright claim over Bitcoin’s code.According to the Tuesday…
UK Government Pursues Digital Pound While Bank CEOs Restrict Bitcoin Access
[Feb 7, 2023 1:52 PM] The UK continues to show its desire for a digital pound, just as its companies try to limit access to Bitcoin.The Bank of England and the UK Treasury have released a consultation paper outlining their case for a retail central bank digital currency…
Australian Government Releases First Steps To Regulate Crypto And Bitcoin
[Feb 3, 2023 12:21 PM] The first steps of a multi-stage plan to regulate the cryptocurrency industry within Australia have been released.The Australian government has announced the first step of what it calls a multi-stage approach to tackling cryptocurrency…
U.K. Details Plan To Regulate Bitcoin, Cryptocurrency Industry
[Feb 1, 2023 12:26 PM] The United Kingdom has released its first consultation on crypto trading and lending regulation within the country.The United Kingdom has released its plans to regulate the cryptocurrency industry within the country.The announcement highlights that…
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings
Biden Administration Releases Roadmap To Mitigate Cryptocurrency Risks
[Jan 27, 2023 11:19 AM] The White House has unveiled a roadmap to reduce risks associated with the wider cryptocurrency industry.The Biden Administration has posted an official blog detailing its roadmap to mitigate the risks of cryptocurrencies.The roadmap starts by…
Senator Ted Cruz Is Bringing Bitcoin To The Capitol With Vending Machines
[Jan 27, 2023 10:59 AM] The Texas Senator has introduced a resolution requesting Capitol vendors to accept bitcoin.Sen. Ted Cruz (TX-R) has proposed a resolution that would request vendors within the Capitol area to work with payments providers that accept bitcoin.The…
Arizona Senator Introduces Bill To Make Bitcoin Legal Tender In The State
[Jan 25, 2023 9:08 AM] A bill introduced by Sen. Wendy Rogers reflects growing interest in bitcoin from U.S. states.State Sen. Wendy Rogers (R-AZ) has introduced a set of bills aimed at making bitcoin legal tender in Arizona and allowing state agencies to accept…
Crypto Regulation Is Like a Flimsy Umbrella in a Monsoon
EU Lawmakers Vote To Impose Strict Capital Requirements On Banks Holding Bitcoin And Crypto
[Jan 24, 2023 10:38 AM] Banks would be allowed to hold 2% of capital in bitcoin, but required to have one euro in capital for every euro in cryptocurrency held.European Union lawmakers have voted to impose strict capital requirements on banks that hold cryptocurrencies…
Mississippi, Missouri Lawmakers Introduce Bills To Protect The Rights To Mine Bitcoin And Run A Node
[Jan 20, 2023 12:10 PM] Committees from both states will soon vote on bills that would provide a variety of protections for Bitcoin mining operations and node runners.Lawmakers from the U.S. states of Mississippi and Missouri have introduced bills that seek to legally…
New Hampshire Commission Recommends Statewide Bitcoin Mining Energy Plan
[Jan 19, 2023 3:28 PM] A commission out of New Hampshire has found that the positive impacts of bitcoin mining on the electricity system are worthy of further consideration.New Hampshire (NH) Governor Chris Sununu’s “Commission On Cryptocurrencies And Digital Assets” has
U.S. Department Of Justice Shuts Down Crypto Exchange Bitzlato, CEO Arrested
[Jan 18, 2023 12:46 PM] The DOJ has charged the exchange with facilitating more than $700 million in illicit transactions tied to Russia, money laundering and criminal activity.The U.S. Department of Justice (DOJ) has announced the closure of the Bitzlato cryptocurrency…