17 / 27 Relevant items tagged with #Law

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Grayscale lawyers refer to SEC allowing Volatility Shares' investment vehicle in push for ETF

[Jul 10, 2023 11:41 AM] According to Grayscale, the Volatility Shares ETF was an “even riskier" product than Bitcoin futures ETFs, suggesting the SEC should allow its spot crypto ETF to begin trading.

Legal proceedings start for Terraform Labs co-founder in South Korea: Report

[Jul 10, 2023 9:30 AM] Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin's trial preparations in South Korea are reportedly underway.

Sarah Silverman sues Meta and OpenAI for copyright violations

[Jul 10, 2023 6:49 AM] Author Sarah Silverman, and two others, opened a lawsuit against OpenAI and Meta for using copyrighted work to train their AI systems without permission.

Canada's court deem emoji valid as a contract agreement: Report

[Jul 9, 2023 1:41 PM] The case sought to determine whether a Canadian farmer had agreed to sell tons of flax to a grain buyer in 2021 by replying with a thumbs-up emoji.

Coinbase was aware of securities law violations, the SEC claims in letter

[Jul 8, 2023 10:13 AM] According to the SEC, Coinbase recognized the probability that federal securities laws would apply to its operations, openly informing its shareholders about the risk.

Crypto.com petitions US court to uphold arbitration decision for mistakenly sent $50K

[Jul 7, 2023 2:35 PM] The exchange said it “erroneously deposited” $50,000 into a user’s account in June 2022, receiving no response to requests to return the funds.

Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program

[Jul 7, 2023 9:17 AM] Gemini co-founder Cameron Winklevoss alleged Barry Silbert committed fraud by knowing Genesis was “massively insolvent” when attempting to continue the Earn program.

Nigerian crypto tax move is ‘premature’ — Local stakeholders

[Jul 7, 2023 4:00 AM] Industry stakeholders seek clarity regarding the implications of taxation and its connection to the recognition of cryptocurrency and associated procedures.

Bittrex may still face enforcement action in Florida amid bankruptcy

[Jul 6, 2023 9:47 AM] A filing in bankruptcy court from Florida's Office of Financial Regulation suggested the regulator still had the “administrative discretion” to charge Bittrex.

Namibia passes bill to regulate crypto and digital assets

[Jul 6, 2023 6:20 AM] The legislation aims to establish a framework for licensing and regulating virtual asset service providers.

Binance.US market share drops below 1% amid regulatory lawsuit: Report

[Jul 5, 2023 3:41 PM] The U.S. market share of Binance.US has reportedly dropped amid a U.S. Securities and Exchange Commission lawsuit, while Coinbase's rose roughly 7% in June.

South Africa to mandate crypto exchange licenses by year-end: Report

[Jul 5, 2023 2:18 AM] South Africa reportedly becomes the first country on the continent to require digital asset exchanges to be licensed.

UK financial watchdog reminds crypto firms of October deadline for marketing compliance

[Jul 4, 2023 9:26 AM] Companies operating in the U.K. will have only “four routes to lawfully communicate cryptoasset promotions” in order to be in compliance with the FCA's regime.

'A lot of the bad actors have been shaken out of the market' — Bitvo CEO

[Jul 3, 2023 12:45 PM] Bitvo president and CEO Pamela Draper spoke with Cointelegraph at the Collision Conference in Toronto on the firm almost being acquired by FTX and Canada's regulatory environment.

UK Law Commission recommends 'distinct' legal category for crypto

[Jul 3, 2023 7:58 AM] The U.K.’s Law Commission highlights four major recommendations to reform laws relating to cryptocurrency use and ownership.

Bittrex challenges SEC’s authority in crypto lawsuit, seeks dismissal

[Jul 2, 2023 12:33 AM] Bittrex has aligned its arguments closely with those made by Coinbase.

South Korea passes cryptocurrency bill to tackle unfair trading

[Jun 30, 2023 4:04 AM] South Korea’s crypto bill aims to establish a basis for imposing penalties and liability for damages caused by unfair cryptocurrency trading.

UK crypto bill reaches final stage, on track for passage

[Jun 29, 2023 1:30 PM] The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law.

Canadian committee proposes measures to support blockchain, crypto

[Jun 29, 2023 5:31 AM] The report, which consists of 16 separate proposals, highlights the advantages and potential of blockchain technology in various sectors.

North Carolina House passes bill to commission study on holding Bitcoin

[Jun 29, 2023 12:21 AM] The study would examine the possible impact of holding crypto and how the state would custody digital currency.

Voyager to pay $1.1M in legal fees incurred in April

[Jun 28, 2023 5:07 AM] Certain members holding high positions within the firm bill an hourly rate exceeding $2,000 for their professional services.

Nevada financial regulator petitions court to place Prime Trust into receivership

[Jun 27, 2023 3:07 PM] The filing suggested Prime Trust had financial liabilities to its users totaling more than $82 million in fiat and $800,000 in crypto.

Judge says arguments behind SBF’s motions to dismiss criminal charges are ‘moot or without merit’

[Jun 27, 2023 11:15 AM] Former FTX CEO Sam Bankman-Fried will likely still face 13 criminal counts over two separate trials starting in October 2023 and March 2024.

Judge denies motion from Binance regarding allegedly ‘misleading’ SEC statements

[Jun 26, 2023 2:58 PM] The legal teams for Binance, Binance.US and CZ filed a motion for the court to order the SEC to comply with “applicable rules of conduct” following allegedly misleading statements.

US lawmaker calls for info from Treasury and SEC on crypto market structure bill

[Jun 26, 2023 1:15 PM] Rep. Maxine Waters gave Janet Yellen and Gary Gensler a deadline of June 30 to respond to her requests on the “Digital Asset Market Structure” bill proposed by Republican lawmakers.

Judge blocks Bankman-Fried’s attempt to obtain key documents in fraud prosecution: Report

[Jun 23, 2023 1:30 PM] The request was denied by U.S. District Judge Lewis Kaplan, who characterized it as a “fishing expedition” lacking justification.

US Supreme Court halts Coinbase cases in its first crypto ruling

[Jun 23, 2023 9:56 AM] The United States Supreme Court ruled in favor of Coinbase in its first-ever opinion on a cryptocurrency case on June 23.

US lawmaker demands answers from SEC on docs related to Sam Bankman-Fried's arrest

[Jun 22, 2023 8:36 AM] The chair of a U.S. House oversight subcommittee said all of the documents the SEC had provided on Sam Bankman-Fried's charges and arrest had been publicly available at the time.

US lawmakers propose bills to hold bank execs accountable for failures and address risks

[Jun 21, 2023 11:20 AM] Maxine Waters did not specifically mention crypto in the proposed legislation, drafted in response to the collapse of Silicon Valley Bank, Signature Bank and First Republic Bank.

Binance SEC lawsuit could dent crypto exchange’s global plans

[Jun 21, 2023 6:45 AM] The U.S. SEC is issuing a spate of regulatory actions against major exchanges, including the world’s largest digital asset exchange, Binance.