SEC, Binance unite against Eeon’s lawsuit intervention
[Jul 29, 2023 12:42 AM] The U.S. SEC claims that Eeon has a history of repeatedly unsuccessfully representing itself in court cases.
16 / 27 Relevant items tagged with #Law
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Sam Bankman-Fried’s legal team turns over docs related to NYT story, requests they be sealed
[Jul 28, 2023 10:45 AM] Lawyers claimed there was a “need to avoid” the public dissemination of documents Sam Bankman-Fried had shown a New York Times reporter that led to a story on Caroline Ellison.
Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations
[Jul 27, 2023 10:00 AM] Republican leadership has blamed the Biden administration for not having a “sense of urgency” on stablecoins, while the Democratic response suggested “impatience” by lawmakers.
Block.one ICO damages ‘far beyond’ $22M, ENF founder says
[Jul 27, 2023 7:41 AM] Block.one owes much more to EOS investors than just $22 million after the $4-billion ICO, EOS Network Foundation CEO Yves La Rose believes.
German political parties split on how to regulate increasing AI adoption
[Jul 27, 2023 6:01 AM] As the trilogue on the AI Act begins, the European Commission, German politicians, and digital experts express skepticism and make new demands.
U.K. Move to Digitize Trade Documents Could Rely on Blockchain, Government Says
[Jul 27, 2023 5:21 AM] The Electronic Trade Documents Act, set to take effect later this year, could make use of blockchain tech to improve security and reduce costs.
US lawmakers invoke FTX and spar on direction of crypto bills
[Jul 26, 2023 10:31 AM] On July 26, six pieces of legislation were being considered by the House Financial Services Committee, including ones on regulatory clarity and consumer protection in the space.
EOS Foundation to sue Block.one on failure to honor $1B commitment
[Jul 26, 2023 8:07 AM] Potential plaintiffs in the new lawsuit by ENF may need to opt out of other suits against Block.one to be eligible to participate.
Putin Signs Digital Ruble Law Allowing CBDC Payments in Russia
[Jul 25, 2023 4:00 PM] President Vladimir Putin has signed into law a bill on the introduction of the digital ruble in the Russian Federation. The new legislation, which legalizes and regulates the use of Bank of Russia’s digital currency for payments and other…
Trademark attorney predicts legal fights ahead with Twitter’s rebrand to X
[Jul 25, 2023 3:40 PM] According to Josh Gerben, the social media platform could be embroiled in lawsuits over its “X” branding for years, costing upward of millions of dollars.
Judge gives US prosecutors until Oct. 3 for discovery in case against Alex Mashinsky
[Jul 25, 2023 1:03 PM] U.S. District Judge John Koeltl granted a continuance for former Celsius CEO Alex Mashinsky’s trial start date, citing the “volume of discovery” and the “complexity of the case.”
What criminal charges for Celsius ex-CEO mean for crypto industry
[Jul 24, 2023 8:34 AM] The former CEO of the troubled crypto lender faces multiple charges of fraud and market manipulation as U.S. regulators eye crypto market overhaul.
XRP court ruling marks milestone, but new crypto law could take years
[Jul 24, 2023 7:01 AM] Ripple’s partial victory against the SEC is positive, but crypto firms still face uncertainty without a regulatory framework.
Centralized exchanges will become gateways for DeFi: Finance Redefined
[Jul 21, 2023 2:20 PM] The top 100 DeFi tokens had a mixed week, with most of the tokens continuing to trade in a similar range as the previous week.
Couple behind Bitfinex money laundering scheme reach plea deal with US prosecutors
[Jul 21, 2023 9:49 AM] Ilya Lichtenstein and Heather Morgan are scheduled to appear for an arraignment and hearing on Aug. 3 as part of a plea agreement with U.S. prosecutors.
US law protects institutions and exposes retail investors — Rep. Torres
[Jul 20, 2023 8:02 AM] New York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are still at risk following the XRP court ruling.
Proposed Legal Reforms Aid UK Crypto Dreams – but Offer Scant Hope for Bitcoin Developers Sued by Craig Wright
[Jul 20, 2023 3:01 AM] A new Law Commission report doesn’t address legal concerns beyond token ownership, lawyers told CoinDesk.
Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing
[Jul 18, 2023 3:42 PM] Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing.
Entity representing Binance customers seeks compensation
[Jul 15, 2023 7:09 AM] The mysterious entity called Eeon seeks compensation from Binance and the U.S. SEC, equivalent to 20% of the daily value of withheld funds per customer, totaling $1000 daily.
Coinbase pauses staking services in four US states following regulators' orders
[Jul 14, 2023 4:07 PM] According to the U.S. crypto exchange, only regulators’ actions in California, New Jersey, South Carolina, and Wisconsin require the pause in staking additional assets.
Everything that's happened with Celsius and Alex Mashinsky so far
[Jul 14, 2023 11:00 AM] A look back at the rise and fall of Celsius, starting with the firm's growth during the pandemic to the arrest of its former CEO and resolutions with federal regulators.
United Kingdom’s digital pound meets public backlash — Why?
[Jul 14, 2023 7:10 AM] The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency?
US Attorney's Office announces charges against former Celsius CEO Alex Mashinsky
[Jul 13, 2023 9:52 AM] Authorities said they had reached a “non-prosecution agreement” with Celsius, but former CEO Alex Mashinsky will face criminal charges related to fraud and misleading users.
US industry watchdogs oppose draft bill on crypto market structure
[Jul 13, 2023 2:29 AM] The group sent a detailed letter to the U.S. House Financial Services Committee accusing the crypto market of seeking favorable legislation under the guise of crypto innovation.
US senators reintroduce crypto bill aimed at comprehensive regulation
[Jul 12, 2023 3:30 PM] The Responsible Financial Innovation Act will establish guardrails “to prevent another FTX-style event from occurring” in the wake of the 2022 market crash and bankruptcies.
CFTC case against Digitex futures exchange and CEO results in $16M court order
[Jul 12, 2023 1:00 PM] The commission filed charges against Digitex and CEO Adam Todd in September 2022 for alleged price manipulation and failure to register.
Blockchain Association calls for investigation into Prometheum over alleged 'sweetheart' SEC deal
[Jul 12, 2023 10:37 AM] The group raised concerns over Prometheum's changing position on crypto regulatory clarity and under what circumstances the firm obtained a special purpose broker-dealer license.
Google hit with lawsuit over new AI data scraping privacy policy
[Jul 12, 2023 4:00 AM] A week after Google updated its privacy policy to allow data scraping for AI training purposes, the company faces a class-action lawsuit.
Grayscale resolves lawsuit with Fir Tree over proposed changes to Bitcoin Trust
[Jul 11, 2023 3:28 PM] Fir Tree hinted at potential additional litigation against Grayscale and parent company Digital Currency Group based on what its GBTC documentation may reveal.
UK Treasury plans to exclude derivatives and 'unbacked' tokens from regulatory sandbox
[Jul 11, 2023 12:39 PM] “Until there is more certainty in these frameworks, we are intending to utilise existing regulatory initiatives to develop policy and regulation for this asset class,” said Treasury.