10 / 26 Relevant items tagged with #Law

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Coinbase cites SEC action against Kraken in push for crypto rulemaking

[Nov 22, 2023 10:11 AM] The Nov. 22 letter claimed that "only mandamus will impel the [SEC] to fully, finally acknowledge that Coinbase's petition for rulemaking was pocket-vetoed long ago."

1 Way to Revive Dead NFT Wallets

[Nov 22, 2023 10:02 AM] Conceptual artist and legal scholar Brian Frye says inaccessible crypto tokens cannot be sold, but can be donated — with potentially significant tax benefits.

OpenAI and Microsoft sued over alleged unauthorized use of authors’ work

[Nov 22, 2023 5:08 AM] Julian Sancton, an author and Hollywood reporter, accuses Microsoft of being aware of OpenAI’s indiscriminate internet crawling for copyrighted material.

FTC enhances investigative procedures to deal with AI-related lawbreaking

[Nov 22, 2023 3:48 AM] The Federal Trade Commission (FTC) unanimously approved a measure to streamline its staff’s ability to issue civil investigative demands (CIDs) in AI investigations while retaining its authority to determine when CIDs are issued.

Binance settles with U.S. government: Timeline of US enforcement actions

[Nov 21, 2023 5:12 PM] U.S. government agencies have spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange.

Crypto markets mixed as traders digest DOJ action against Binance, CZ

[Nov 21, 2023 4:22 PM] Cryptocurrencies flash mixed signals as market participants digest the details of CZ’s guilty plea and the DOJ’s $4.3 billion settlement with Binance.

Can blockchain supply the guardrails to keep AI on course?

[Nov 21, 2023 8:01 AM] Some believe that hybrid blockchains with both private and public aspects can solve AI’s black-box problem.

Tether freezes $225M USDT linked to romance scammers amid DOJ investigation

[Nov 20, 2023 9:02 AM] The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam.

Former Bithumb chair faces 8-year imprisonment

[Nov 18, 2023 4:20 AM] According to prosecutors, Lee Jeong-hoon intended to revamp Bithumb’s governance to gain from exchange coins, circumventing financial regulations.

Crypto Biz: Uniswap’s Android wallet app, Cboe to launch BTC, ETH margin futures, and more

[Nov 17, 2023 3:00 PM] Getting regulatory approval has been crucial for companies, particularly in a tight regulatory environment during the crypto winter.

ENS developers urge Unstoppable Domains to drop patents or face lawsuit

[Nov 17, 2023 10:06 AM] ENS developer Nick Johnson claims a patent granted to Unstoppable Domains in January is entirely based on ENS Labs innovations.

Global securities body IOSCO unveils crypto regulatory framework proposals

[Nov 17, 2023 3:38 AM] According to the report, these expectations can be addressed by applying existing rules or creating new ones, depending on the jurisdiction.

US Congress members urge financial authorities to invalidate SEC’s SAB 121

[Nov 16, 2023 6:07 AM] In a memo, Congress members state that Federal banking agencies should not require financial institutions providing custody services for digital assets to maintain capital against the assets.

Turkey mulls addressing licensing and taxation in new crypto rule

[Nov 16, 2023 3:07 AM] Bora Erdamar from the BlockchainIST Center emphasized that upcoming crypto regulations prioritize specific licensing standards to prevent system abuse.

Robinhood meme stock punters denied class suit certification

[Nov 15, 2023 6:53 AM] A court has rejected a motion requesting class action certification from investors pursuing legal action against Robinhood.

Delaware authorities refer fake BlackRock XRP trust filing to state’s Justice Department

[Nov 14, 2023 2:39 PM] State authorities may investigate the fake BlackRock “iShares XRP Trust” registration following a referral from Delaware’s Division of Corporations.

Tornado Cash users file appeal over judgment in favor of US Treasury

[Nov 14, 2023 1:28 PM] The six individuals, supported by crypto exchange Coinbase, have taken a case involving the U.S. Treasury sanctioning Tornado Cash to federal appellate court.

Google sues scammers over creation of fake Bard AI chatbot

[Nov 14, 2023 3:06 AM] Google has filed a lawsuit against scammers offering a malicious version of its AI chatbot Bard that tricks users into downloading and installing malware on their devices.

FTX files billion-dollar lawsuit against ByBit over asset withdrawals

[Nov 12, 2023 2:25 AM] The legal action is pursuing “compensatory and punitive damages” from ByBit regarding the token scheme and the assets held on its platform.

Indian Supreme court rejects crypto petition, highlights legislative nature

[Nov 11, 2023 4:40 AM] Listening to the plea, the bench headed by the Chief Justice of India (CJI) remarked that the petitioner’s demands are more legislative in nature.

Genesis seeks court's approval to reduce 3AC claim from $1B to $33M

[Nov 10, 2023 7:51 AM] Bankrupt lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund 3AC.

EU backs Data Act with clause to shut off smart contracts

[Nov 9, 2023 7:37 PM] The Act, inclusive of a clause necessitating “kill switches” on smart contracts, only now needs approval from the European Council to pass into law.

US lawmakers introduce CLARITY Act to limit federal ties with Chinese blockchain

[Nov 9, 2023 7:04 AM] The act aims to explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether.

Binance used ‘tortured’ interpretation of law in bid to toss suit, says SEC

[Nov 8, 2023 7:45 PM] The SEC derided Binance’s request to have the regulator’s suit thrown out, claiming the crypto exchange hasn’t correctly applied the law.

‘Premier’ crypto cop CFTC reveals record-setting digital asset enforcement in 2023

[Nov 8, 2023 5:46 AM] The statement released by the CFTC shows that about 50% of the cases brought to its attention in 2023 involved crypto.

Multiple buyers consider purchase and relaunch of ‘irreparable’ FTX

[Nov 7, 2023 7:01 AM] Rebooting a tarnished name is difficult and some firms are so utterly compromised by their failures that there is no real hope of rehabilitation.

Coinbase user agreement dispute reaches US Supreme Court

[Nov 4, 2023 4:02 AM] The Supreme Court’s choice to take up this case represents a pivotal development for firms utilizing arbitration clauses.

Hong Kong issues rules for asset tokenization as interest mounts

[Nov 2, 2023 5:15 AM] Hong Kong’s securities regulator treats tokenized securities like traditional securities, subject to the same legal and regulatory norms.

Ripple’s legal chief questions SEC case losses under Gensler

[Nov 2, 2023 3:03 AM] Stuart Alderoty expressed concern about the SEC’s repeated arbitrary and capricious actions in court cases, suggesting a troubling pattern under Gensler’s leadership.

Ripple CEO criticizes former SEC Chair Jay Clayton’s comments

[Oct 29, 2023 2:02 AM] Clayton emphasized that regulatory agencies should introduce regulations and legal cases they believe will successfully withstand judicial scrutiny.