6 / 27 Relevant items tagged with #Law

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

[Jul 24, 2024 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.

Bill targeting illicit use of crypto passes US House

[Jul 23, 2024 1:35 PM] The Financial Technology Protection Act passed the House of Representatives by voice vote roughly a year after lawmakers sent it out of committee.

Forcount crypto scheme promoters plead guilty to wire fraud conspiracy

[Jul 22, 2024 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.

Gemini reaches settlement with IRA Financial Trust over $36M exploit

[Jul 19, 2024 2:34 PM] The lawsuit, initially filed by IRA in June 2022, alleged that Gemini misrepresented its security protections, resulting in an exploit that removed $36 million in crypto.

Elon Musk lashes out at EU over ‘illegal’ free speech deal

[Jul 19, 2024 8:00 AM] The European Commission and Elon Musk’s social media site, X, look set to battle over alleged transparency violations.

SEC approves Grayscale, Proshares spot Ethereum ETFs for trading on NYSE Arca

[Jul 17, 2024 3:48 PM] The issuers must still await final regulatory signoff on S-1 filings before listing the funds.

Judge reduces Ethereum dev’s prison sentence by 7 months

[Jul 17, 2024 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.

21Shares Ether ETF to waive fees for up to 6 months

[Jul 17, 2024 12:58 PM] 21Shares joins other Ethereum exchange-traded fund issuers that are slashing fees to woo investors.

Plaintiffs amend complaint in Tether lawsuit for alleged USDT scheme

[Jul 15, 2024 5:07 PM] The class-action lawsuit alleges Tether and Bitfinix conspired to manipulate crypto market prices.

SEC drops investigation of Bitcoin Stacks developer Hiro — Filing

[Jul 12, 2024 11:16 AM] This is the second crypto investigation the US securities regulator dropped this week.

Genesis-labelled address moves $720M BTC to Coinbase, pointing to start of asset liquidations

[Jul 12, 2024 6:42 AM] Genesis Trading transferred over 12,600 Bitcoin to Coinbase over the past 30 days, two months after reaching a settlement with the state of New York.

UK Law Commission sees no need for DAO-specific legal entity

[Jul 12, 2024 1:53 AM] The UK Law Commission scoping paper suggested legal reforms for DAOs, a review of the Companies Act and international cooperation on AML and tax frameworks.

SEC Secures Default Judgments in $45 Million Coindeal Fraud Case

[Jul 11, 2024 8:31 PM] The U.S. Securities and Exchange Commission (SEC) announced this week that the U.S. District Court for the Eastern District of Michigan has issued default judgments against Garry Davidson and Linda Knott for their involvement in a fraudulent $45…

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

[Jul 11, 2024 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.

SEC will not pursue enforcement action against Paxos

[Jul 11, 2024 9:02 AM] The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security.

DAO-Specific Legislation Isn't Needed Yet, English Legal Body Says

[Jul 11, 2024 6:55 AM] The Law Commission said decentralized autonomous organizations appear to fall under existing laws for the time being.

Marathon site manager ducks Texas noise charges amid resident complaints

[Jul 10, 2024 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, 2024 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.

BitMEX pleads guilty to Bank Secrecy Act violation

[Jul 10, 2024 3:38 PM] BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed pleaded guilty to similar criminal charges in 2022 and received probation.

Sentencing for ex-FTX execs set for October, November

[Jul 9, 2024 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, 2024 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, 2024 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, 2024 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.

CFTC Wins Case Against Crypto Fund Operators

[Jul 3, 2024 8:36 PM] The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court…

From Louisiana to New Hampshire, crypto advocates are winning

[Jul 3, 2024 4:59 PM] It might come as a surprise if you only follow Congress, but a raft of state measures have shown legislators moving in the right direction on crypto.

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

[Jul 3, 2024 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, 2024 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, 2024 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 files lawsuit against FTX-linked bank, alleging fraud

[Jul 1, 2024 3:34 PM] Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.”

Coinbase will custody digital assets for US Marshals Service

[Jul 1, 2024 9:20 AM] The crypto exchange said the federal agency had selected its institutional investing arm “to provide custody and advanced trading services” for large-cap digital assets.