23 / 27 Relevant items tagged with #Law

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Proposed EU parliament rule could have banks apply 1,250% risk weight to crypto exposure

[Feb 13, 2023 10:15 AM] The proposed rule change, putting crypto at one of the highest risk ratings at financial institutions, could go into effect until December 2024.

Consumer Federation of California reattempts to regulate crypto companies

[Feb 12, 2023 3:16 AM] Assemblymember Timothy Grayson introduced the Digital Financial Assets Law to protect Californians from financial hardship and foster responsible innovation.

Kazakhstan to mandate 75% revenue sale from crypto mining for tax purposes

[Feb 10, 2023 11:31 PM] A new law signed by Kazakh President Kassym-Jomart Tokayev on Feb. 6 reinstated the nation’s stand against the unlawful mining operations and issuance of crypto assets.

Kazakhstan Law Limiting Crypto Miners’ Consumption of Electricity Enters Into Force

[Feb 10, 2023 9:30 PM] A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensing regime for mining with two different…

SEC enforcement against Kraken opens doors for Lido, Frax and Rocket Pool

[Feb 10, 2023 2:13 PM] Kraken has put an end to staking as a service, and Coinbase could eventually be forced to follow suit. Will this create opportunities for LDO, FXS and RPL?

SecretDAO votes to restructure foundation after public spat between organizations

[Feb 10, 2023 2:00 PM] The new foundation will be governed by a board of three or more members, and no organization will hold more than one seat.

3AC and CoinFLEX launch website, waitlist for crypto claims exchange

[Feb 9, 2023 3:45 PM] The exchange will allow crypto bankruptcy claims to be traded, according to an official Twitter announcement.

Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors

[Feb 9, 2023 1:30 PM] “It is time to allow the Debtors’ customers to propose their own plan for the assets that they were defrauded into investing with Celsius,” said a Withhold account holders’ filing.

Judge extends Sam Bankman-Fried’s bail restrictions on messaging apps: Report

[Feb 9, 2023 12:26 PM] The former FTX CEO’s bail restrictions will remain in place until Feb. 21 following the judge’s ruling to extend a ban on using certain messaging apps.

New Hampshire could become an alternative for crypto firms moving to the Bahamas

[Feb 9, 2023 10:35 AM] A state commission recommended that New Hampshire eliminate the gray area in which cryptocurrency companies currently operate.

Crypto and securities: New interpretation of US Howey test gaining ground

[Feb 9, 2023 8:01 AM] Lewis Cohen headed a team researching Howey-related case law to propose an application that differentiates between primary and secondary transactions.

FTX debtors can issue subpoenas to company 'insiders', says court

[Feb 8, 2023 2:30 PM] The list of FTX insiders included former CEO Sam Bankman-Fried, former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and members of SBF’s immediate family.

3AC founder has 'chosen to ignore his duties' by not responding to subpoena, say bankruptcy lawyers

[Feb 8, 2023 1:15 PM] According to the filing, Kyle Davies was “without question” aware of the subpoena posted to Twitter, citing the 3AC founder's online activity and attempts to raise funds for GTX.

Crypto and psychedelics: Clarifying regulations could help industries grow

[Feb 8, 2023 8:46 AM] It’s a long road to federal legalization, but opposition to psychedelics is waning at the state level and Capitol Hill.

US Attorney requests SEC and CFTC civil cases against SBF wait until after criminal trial

[Feb 7, 2023 2:15 PM] Lawyers for Sam Bankman-Fried said he consented to staying the SEC and CFTC civil cases, while those for Caroline Ellison and Gary Wang did not objec to staying the CFTC case.

Judge denies motion allowing SBF to use messaging apps

[Feb 7, 2023 11:30 AM] The judge did not provide a reason for denying the motion “without prejudice” but added the matter would face oral argument in a Feb. 9 hearing.

Former Coinbase manager slams SEC in motion to dismiss insider trading case

[Feb 6, 2023 11:59 PM] The attorneys for brothers Ishan and Nikhil Wahi want the case thrown out, arguing that the Securities and Exchange Commission was wrong when it charged the pair.

FTX CEO testifies on 'pure hell' post-bankruptcy days at exchange

[Feb 6, 2023 11:44 AM] John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange's funds, insurance, and personnel.

Tax strategies allow crypto investors to offset losses

[Feb 4, 2023 8:01 AM] Reporting cryptocurrency when filing taxes can help investors offset their losses.

Kazakhstan Launches Consultation on Proposals to Improve Crypto Trading

[Feb 4, 2023 4:00 AM] Financial authorities in Kazakhstan are starting a public consultation on draft changes to the country’s framework for digital-asset trading. The proposals include measures to reduce risks in the crypto market and improvements to the structure of…

Alleged Mango Markets exploiter waives bail during hearing in federal court

[Feb 2, 2023 3:45 PM] A federal judge presiding over Avraham Eisenberg's criminal case has reportedly set a followup court date for Feb. 14.

Senate Banking Committee’s priorities for new Congress include crypto: Report

[Feb 2, 2023 9:28 AM] Senator Tim Scott, who became the committee ranking member following the departure of Pat Toomey, reportedly plans to make a crypto regulatory framework a priority in 2023.

Bank of China ex-advisor calls Beijing to reconsider crypto ban

[Feb 2, 2023 4:35 AM] The economist argued that the current crypto ban in China is beneficial in the short term, but big opportunities can be missed in the long run.

Meta gets court win in metaverse acquisition plans: Report

[Feb 1, 2023 12:30 PM] Should the Federal Trade Commission not appeal the ruling, Meta would likely be able to acquire additional companies offering metaverse-related products or services.

Federal judge bars SBF from contacting FTX and Alameda employees via Signal

[Feb 1, 2023 10:30 AM] Sam Bankman-Fried could also be barred from accessing FTX and Alameda funds as part of his bail conditions, with a judge scheduled to discuss the matter in a Feb. 7 hearing.

Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital

[Jan 31, 2023 9:00 AM] On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the…

BAYC investors have less than a week to join class action against Yuga Labs

[Jan 31, 2023 6:40 AM] The new class action lawsuit aims to help BAYC and APE buyers get compensation from Yuga Labs due to the firm allegedly misleading investors.

Justice Dept defends motion to bar SBF from accessing FTX, Alameda assets

[Jan 30, 2023 3:34 PM] In a Jan. 2 email to FTX CEO John Ray, Sam Bankman-Fried offered to meet in New York City around the time he was to appear in court and enter the plea in his criminal case.

UK regulator investigates charity linked to FTX

[Jan 30, 2023 9:05 AM] The Charity Commission opened the inquiry on Dec. 19, after FTX had filed for bankruptcy in the United States and former CEO Sam Bankman-Fried was arrested.

Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange

[Jan 30, 2023 12:30 AM] Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of cryptocurrencies in the country and introduces a…