11 / 27 Relevant items tagged with #Law

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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.

Jury hears Sam Bankman-Fried’s testimony: ‘A lot of people got hurt’

[Oct 27, 2023 8:19 AM] The former FTX CEO returned to the witness stand to present his testimony to a jury of 12 people as the criminal trial began to reach its final stages.

Sam Bankman-Fried denies knowledge of moving FTX deposits to North Dimension: Report

[Oct 26, 2023 2:46 PM] Assistant U.S. Attorney Danielle Sassoon grilled the former FTX CEO in court on his knowledge of FTX user deposits and the retention of communication records.

UK passes bill to enable authorities to seize Bitcoin used for crime

[Oct 26, 2023 8:08 AM] Filed in September 2022, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, 2023.

How Google’s AI legal protections can change art and copyright protections

[Oct 26, 2023 7:01 AM] Amid myriad legal accusations surrounding its AI services, Google stands its ground, vowing to protect its users.

Sam Bankman-Fried’s testimony to challenge government claims, lawyer tells judge

[Oct 26, 2023 6:09 AM] The testimony will challenge the government‘s claims, especially the counsel’s role in auto-deletion, north dimension creation, payment agent agreement, Alameda loans and FTX terms of service.

Meta faces legal scrutiny as AI advancements raise concerns over child safety

[Oct 26, 2023 4:11 AM] Concerns for child safety come amid rapid artificial intelligence advancements involving text and generative AI.

California Enacts Digital Financial Assets Law

[Oct 26, 2023 12:00 AM] On October 13, 2023, California enacted the Digital Financial Assets law. This law is California’s first comprehensive framework for regulation of digital asset markets, and some of its provisions may sound familiar to those versed in the state’s…

Will Sam Bankman-Fried fix his case when he takes the stand?

[Oct 25, 2023 12:59 PM] The former FTX CEO will take the stand in his own defense. Will it be enough to counter the narrative introduced by former employees and expert witnesses?

Sam Bankman-Fried will testify at criminal trial, say defense lawyers

[Oct 25, 2023 8:54 AM] After much speculation, the former FTX CEO will be one of only a handful of witnesses to testify for his defense in the criminal fraud case.