22 / 27 Relevant items tagged with #Law

Posts

FTX influencers face $1 Billion class-action lawsuit over alleged crypto fraud promotion

[Mar 16, 2023 11:38 AM] The suit is led by Edwin Garrison and was filed against "FTX influencers," primarily on the YouTube platform.

Digital Assets Worth 2 Billion Rubles Issued in Russia in Less Than a Year

[Mar 16, 2023 8:00 AM] Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in 2021 and the country’s monetary authority started licensing issuers in the…

Wyoming’s private keys bill addresses growing threat to rights and assets

[Mar 14, 2023 6:53 AM] Wyoming’s new law ensures that courts won’t overstep their authority in requiring individuals to disclose their private keys.

Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report

[Mar 13, 2023 12:29 PM] The class-action suit was filed against Silicon Valley Bank, CEO Greg Becker and chief financial officer Daniel Beck.

State caps or federal regulation: What's next for political crypto donations

[Mar 13, 2023 8:45 AM] The industry isn’t having the best of its moments now, but the topic of campaign donations in crypto remains a relatively safe space for innovation.

Banks with crypto services require new Anti-Money Laundering capabilities

[Mar 9, 2023 8:41 AM] Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.

Crypto bill draft will be released in April, says Senator Gillibrand

[Mar 8, 2023 2:45 PM] The Lummis-Gillibrand bill is expected to offer regulatory clarity for many crypto projects and determine whether they fall under the purview of the SEC or CFTC.

CFTC continues to explore digital asset policy considerations in MRAC meeting

[Mar 8, 2023 12:35 PM] Commissioner Kristin Johnson said in prepared remarks that the U.S. digital economy was "witnessing the deployment of Web 3.0".

Mt. Gox creditors have until March 10 to register and choose repayment method

[Mar 7, 2023 3:13 PM] Creditors have the option of a lump-sum payment, bank remittance, fund transfer service provider, or through a cryptocurrency exchange or custodian.

US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements: Report

[Mar 7, 2023 11:30 AM] Representatives Patrick McHenry and Ritchie Torres reportedly plan to reintroduce the Keep Innovation in America Act to address reporting requirements in the infrastructure law.

DAO gets legal recognition in the US as Utah DAO Act passes

[Mar 7, 2023 3:10 AM] The Utah State Legislature passed the Utah DAO Act, granting DAOs legal recognition and limited liability protections.

Hermès asks court to halt sales of MetaBirkin NFTs following recent jury decision

[Mar 6, 2023 3:50 PM] The court filing from Hermès on Friday stated that Rothschild had continued to promote his NFTs even after a nine-member jury found Rothschild liable for trademark infringement, trademark dilution, and “cybersquatting.”

US trustee appeals FTX bankruptcy judge's ruling to deny appointment of independent examiner

[Mar 6, 2023 3:42 PM] The legal team for U.S. Trustee Andrew Vara petitioned to have the U.S. District Court consider an appeal for a ruling on an independent examiner in FTX's bankruptcy case.

SEC continues streak of enforcement actions, targets BKCoin for alleged $100M fraud

[Mar 6, 2023 11:04 AM] The financial regulator’s complaint alleged that BKCoin raised roughly $100 million from investors to invest in crypto, but diverted some of the funds "to make Ponzi-like payments".

UAE free zone to explore Bitcoin payments for services, lawyer says

[Mar 3, 2023 3:44 AM] The free zone for virtual asset firms in the Ras Al Khaimah emirate aims to foster regulated and non-regulated activities.

Michael Saylor is still on the hook for alleged tax evasion, says MicroStrategy filing

[Mar 2, 2023 12:15 PM] A D.C. court denied a motion to dismiss claims that Michael Saylor failed to pay personal income taxes, with a status conference on the matter scheduled for March.

Ripple Lawyer Argues SEC Chair Gensler Has Prejudged Crypto Asset Cases

[Mar 1, 2023 3:30 PM] Recently, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), expressed his opinion in a detailed interview with New York Magazine’s Intelligencer regarding why he believes crypto assets other than bitcoin are…

Coinbase launches grassroots campaign for pro-crypto policy in the U.S.

[Feb 28, 2023 2:30 PM] The company provided a link for voters to sign up so that they can gain information about local politicians’ crypto policies

Lawmakers to Resubmit Russia’s Crypto Mining Bill, Introduce Liability for ‘Gray’ Miners

[Feb 26, 2023 2:00 AM] The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability…

The limitations of the EU’s new cryptocurrency regulations

[Feb 25, 2023 8:01 AM] By the time MiCA makes it through the EU, will it be enough to effectively regulate the crypto industry on the continent?

Change lies ahead for haphazard crypto regulation

[Feb 24, 2023 3:20 PM] Regulators have been slow to act on cryptocurrency, according to Jonathan Reichental, and they’ve often missed the mark. Hopefully, their approach will evolve in the years ahead.

Montana’s ‘right to mine’ crypto bill moves closer to passing as law

[Feb 23, 2023 11:41 PM] The bill seeks to enshrine crypto miners’ rights and will still have to pass muster in the states House before its signed into law by the governor.

Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges

[Feb 23, 2023 9:06 AM] The indictment against the former FTX CEO included an additional charge for conspiracy to commit bank fraud and details on his alleged unlawful political contributions.

Rep. Maxine Waters says all US regulators 'better get together on crypto'

[Feb 22, 2023 3:30 PM] According to Representative Maxine Waters, the crypto market crash and bankruptcies gave U.S. lawmakers an opportunity of “getting accountability” in the space through legislation.

FTC announces investigation into Voyager’s ‘deceptive and unfair marketing’ of crypto

[Feb 22, 2023 12:15 PM] In an objection to Voyager’s proposed restructuring plan, the commission argued some of the involved parties should not be exempt from certain financial claims in the future.

Bill Allows Russian Financial Platforms to Operate Blockchains, Issue Digital Assets

[Feb 17, 2023 5:00 PM] A draft law filed in the Russian parliament permits operators of platforms providing financial services to also run blockchain platforms. The legislation will allow them to combine their regular activities in the traditional financial market with…

Federal judge hints at denying Sam Bankman-Fried any internet access as condition of bail: Report

[Feb 16, 2023 3:47 PM] The judge reportedly did not expand SBF’s bail conditions to include restrictions on the internet or VPNs, but asked his lawyers to pay for a consultant to explore the matter.

Binance CEO: crypto industry will probably move to non-dollar stablecoins

[Feb 14, 2023 3:45 PM] The Binance CEO claimed that algorithmic USD stablecoins may become more popular as well, although they “have risks.”

US lawmakers and experts debate SEC's role in crypto regulation

[Feb 14, 2023 1:00 PM] Senator Tim Scott questioned whether the SEC had been "asleep at the wheel" amid major bankruptcies in the crypto space causing the loss of millions in user funds.

Sam Bankman-Fried’s use of a VPN on Super Bowl Sunday ‘raised concerns,’ say prosecutors

[Feb 14, 2023 10:15 AM] Lawyers representing the former FTX CEO and U.S. prosecutors requested until Feb. 17 to discuss the impact using a VPN could have on Bankman-Fried’s bail conditions.