3 / 27 Relevant items tagged with #Law

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Former Celsius CEO to return to court on Nov. 13

[Oct 23, 2024 10:23 PM] Judge John Koeltl ordered Alex Mashinsky and prosecutors to appear in court on Nov. 13 to address the former Celsius CEO’s motion to dismiss fraud and market manipulation charges.

Nigeria drops money laundering charges against Binance exec

[Oct 23, 2024 10:51 AM] Announcing the withdrawal of the charges, the EFCC lawyer reportedly said that Tigran Gambaryan was merely an employee of Binance.

Crypto bills may move forward in ‘lame duck’ Congress, says Rep. Hill

[Oct 23, 2024 5:47 AM] Representative French Hill says two US crypto-regulating bills might make some progress on Capitol Hill before the current Congress disbands.

Judge delays sentencing of IcomTech promoter to allow testimony

[Oct 22, 2024 8:44 PM] Gustavo Rodriguez, who was initially scheduled to be sentenced following his conviction for conspiracy to commit wire fraud, will testify under oath on Oct. 25.

Indicted NYC mayor leaves questionable crypto legacy as controversy mounts

[Oct 19, 2024 1:00 PM] Before his indictment on criminal charges, NYC Mayor Eric Adams promised to turn the city into a major crypto hub.

SEC’s Ripple appeal doesn’t challenge XRP non-security status

[Oct 18, 2024 8:36 AM] Ripple’s chief legal officer, Stuart Alderoty, emphasized that the SEC’s Form C doesn’t appeal the ruling that XRP is not a security.

Ex-FTX exec scheduled to report to prison after judge denies request

[Oct 11, 2024 5:00 PM] Judge Lewis Kaplan cited prosecutors’ opposition, which noted that Ryan Salame appeared “physically recovered and entirely unimpaired” during a recent Tucker Carlson interview.

Nigerian court denies bail for Binance exec despite health concerns

[Oct 11, 2024 10:46 AM] Judge Emeka Nwite ruled that Tigran Gambaryan should stay in prison unless his health condition poses a threat to others and quarantine is unavailable.

Ryan Salame requests self-surrender date be pushed to Dec. 7

[Oct 9, 2024 8:49 PM] The former FTX executive claimed the need for “continuing medical treatment” after being bitten by a dog in June.

Ex-FTX exec ‘not worried’ about reporting to prison on Oct. 11

[Oct 8, 2024 6:40 PM] Ryan Salame pleaded guilty to conspiracy to make unlawful political contributions and defraud the Federal Election Commission after FTX’s collapse.

Crypto.com sues SEC to ‘protect the future of crypto’ in US

[Oct 8, 2024 2:18 PM] Crypto.com’s lawsuit against the US SEC follows the exchange’s receipt of a Wells notice from the agency.

Bankruptcy judge approves FTX’s reorganization plan

[Oct 7, 2024 7:43 PM] Roughly two years after the crypto exchange collapsed and many of its executives faced criminal charges, the Oct. 7 court decision was a step forward for reimbursing FTX users.

Binance co-founder CZ free — What’s next and what it means for crypto

[Sep 27, 2024 10:00 PM] After four months in jail and social media discretion, CZ is free. What’s next for the former crypto titan who led Binance to the top?

OpenAI’s move to for-profit: Is it indeed ‘illegal’?

[Sep 27, 2024 1:19 PM] OpenAI’s potential transformation into a for-profit corporation is not impossible, but it will likely not be an easy process.

Russian Republic Dagestan Battles Underground Crypto Mining Amid Power Outages

[Sep 26, 2024 8:30 AM] Dagestan, a republic in Russia, is stepping up efforts to tackle illegal cryptocurrency mining due to its impact on the power grid and public safety. Underground mining operations have caused recent infrastructure damage, including a substation…

Binance continues to serve Russian users despite 2023 exit

[Sep 26, 2024 7:58 AM] A spokesperson confirmed that Binance continues to serve a “limited number of existing Russian users” a year after announcing its full exit from Russia.

Will Trump pardon SBF? 6 weird Polymarket betting pools on US politics

[Sep 24, 2024 3:00 PM] As the US elections approach, crypto policy betting surges on Polymarket. From traditional political predictions to quirky, unexpected wagers, users are placing bets on what’s to come.

Australia to require crypto firms to hold financial services licenses

[Sep 23, 2024 7:03 AM] Licensing requirements for crypto exchanges in Australia will be extended beyond those related to digital currency exchanges.

What to expect at Caroline Ellison’s sentencing hearing

[Sep 20, 2024 6:38 PM] The former Alameda Research CEO’s lawyers have requested time served, and prosecutors seemed flattering in their sentencing memo, but what will Judge Lewis Kaplan say on Sept. 24?

Court approves Terraform Labs winding down in bankruptcy hearing

[Sep 19, 2024 9:55 PM] After collapsing in 2022, facing an SEC lawsuit in 2023, and filing for bankruptcy in 2024, many of Terraform’s legal cases in the US are beginning to wind down.

SEC asks court for four months to produce documents for Coinbase

[Sep 19, 2024 3:56 PM] The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.

Partner of ex-FTX exec pleads not guilty to campaign finance charges

[Sep 18, 2024 4:10 PM] Michelle Bond was free on a $1-million bond and restricted from traveling outside the continental US, while her partner, Ryan Salame, is expected to report to prison on Oct. 11.

US gov’t cites Caroline Ellison’s ‘extraordinary cooperation’ before sentencing

[Sep 17, 2024 9:26 PM] Lawyers representing the former Alameda Research CEO have requested time served and supervised release — an outcome that appeared more likely after a filing by US Attorneys.

Is an ex-Celsius exec planning to attend Token2049?

[Sep 16, 2024 7:07 PM] The timing of a travel request filed by Roni Cohen-Pavon in US court coincides with a crypto conference that Celsius executives have previously attended.

UK finance regulator FCA a ‘deterrent’ to crypto industry, says CryptoUK

[Sep 16, 2024 2:00 PM] UK regulators have approved only four out of 35 crypto business registrations in the last 12 months, deterring others from engaging with the process.

‘Explosion’ in election gambling will harm public interest: CFTC

[Sep 16, 2024 3:14 AM] The US commodities regulator says prediction markets can be vulnerable to “spectacular manipulation.”

UK Court Recognizes USDT as ‘Distinct Form of Property’

[Sep 15, 2024 11:15 PM] A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible…

Sam Bankman-Fried files appeal for felony conviction

[Sep 13, 2024 7:47 PM] Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial, was convicted of seven felony counts, and was sentenced to 25 years in prison.

North Carolina resists the CBDC tide with new payments ban

[Sep 13, 2024 2:00 PM] A new law in North Carolina seeks to ban CBDCs in the state, but there are questions about whether the new legislation is even legal. 

Judge questions if ex-FTX exec perjured himself in guilty plea

[Sep 12, 2024 5:02 PM] At a Sept. 12 hearing, Judge Lewis Kaplan moved up Ryan Salame’s reporting date by two days and considered vacating his guilty plea.