Judge dismisses coders’ DMCA claims against Microsoft, OpenAI and GitHub
[Jul 7 10:53 AM] The partial dismissal indicates complainants failed to demonstrate that GitHub reproduces human-created code.
4 / 24 Relevant items tagged with #Law
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Former US solicitor general claims regulators want to ‘debank’ crypto
[Jul 5 3:03 PM] Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve.
NYT AI lawsuit gets weird as OpenAI demands sources for every article
[Jul 4 2:30 PM] It’s unclear whether the judge in the case is considering the request, but the New York Times had a strong response to the request.
CFTC Wins Case Against Crypto Fund Operators
[Jul 3 8:36 PM] The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court…
From Louisiana to New Hampshire, crypto advocates are winning
[Jul 3 4:59 PM] It might come as a surprise if you only follow Congress, but a raft of state measures have shown legislators moving in the right direction on crypto.
Binance exec trial will resume July 5 as family reports health problems
[Jul 3 1:22 PM] Though Nigeria's tax authority dropped charges against two Binance executives in June, the pair will still face a trial for allegations of money laundering.
Judge signs off on expedited schedule for Consensys suit against SEC
[Jul 2 12:12 PM] While Judge Reed O’Connor granted the SEC an extension to respond to Consensys’ lawsuit, he also approved a timeline for considering the case’s merits proposed by the firm.
Roaring Kitty GME class action lawsuit dropped after 3 days
[Jul 1 7:10 PM] A GameStop investor who accused Roaring Kitty of committing securities fraud has voluntarily dropped the complaint "without prejudice" meaning he can file another similar lawsuit again in the future.
SEC files lawsuit against FTX-linked bank, alleging fraud
[Jul 1 3:34 PM] Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.”
Coinbase will custody digital assets for US Marshals Service
[Jul 1 9:20 AM] The crypto exchange said the federal agency had selected its institutional investing arm “to provide custody and advanced trading services” for large-cap digital assets.
US State Dept offers $5M reward for OneCoin ’Cryptoqueen’
[Jun 26 1:25 PM] Bulgaria’s Acting Prosecutor General said Ruja Ignatova would be charged in absentia, while the FBI listed a $5 million reward for the OneCoin founder.
Ex-fintech CEO sentenced to 3.75 years over price manipulation scheme
[Jun 25 2:58 PM] A federal judge in Florida recognized the HYDRO token as an investment contract qualifying as a security under SEC guidelines.
Chief author behind President Biden’s crypto EO rejoins administration
[Jun 24 11:51 AM] Carole House left her position as a crypto adviser at the New York State Department of Financial Services to rejoin the White House in an election year.
Judge in SEC v. Kraken case suggests he will deny motion to dismiss
[Jun 20 4:10 PM] In their motion to dismiss, Kraken’s lawyers disputed the legal theory that the exchange was an “ecosystem” for crypto asset securities.
Binance to appeal $4.4M fine from Canadian regulator
[Jun 19 3:25 PM] The cryptocurrency exchange announced plans to exit the Canadian market in 2023 but may still face enforcement action from local regulators.
Crypto community backs Tornado Cash devs with $2.3M legal fund
[Jun 19 9:45 AM] Tornado Cash’s founders and developers are in the legal crosshairs, but the crypto community argues merely writing code shouldn’t be a crime.
US prosecutors oppose Ethereum dev’s motion to reduce 5-year sentence
[Jun 18 10:12 AM] In April 2022, a judge sentenced Virgil Griffith to 63 months in prison for violating U.S. sanctions on North Korea.
FTX victims go after company’s assets from criminal forfeiture
[Jun 17 12:12 PM] Though Sam Bankman-Fried is currently serving a prison sentence, affected FTX customers and creditors are making claims on the firm’s assets, which are still worth millions.
Gemini reaches $50M settlement with New York AG over Earn program
[Jun 14 12:14 PM] Gemini Trust said that affected Earn users could expect “100% of the assets owed to them” within seven days.
Ripple invokes SEC v. Terraform case, argues for smaller civil penalty
[Jun 14 10:07 AM] The blockchain firm’s case with the SEC has been ongoing since December 2020, when the regulator alleged Ripple used XRP as an unregistered security to raise funds.
MicroStrategy upsizes latest stock sale to $700M to buy more Bitcoin
[Jun 14 7:23 AM] MicroStrategy upsizes its convertible senior notes offering to $700 million, earmarking proceeds for Bitcoin purchases and corporate purposes.
Judge okays early approval of $2.4M deal with sports stars over Voyager
[Jun 11 12:38 PM] After months of proceedings, Robert Gronkowski, Victor Oladipo and Landon Cassill may see the light at the end of the tunnel for a lawsuit involving promoting Voyager Digital.
EU elections 2024: Pro-crypto parties pick up seats amid Green losses
[Jun 11 7:31 AM] The European elections have caused a stir, but several pro-crypto or crypto-supportive parties have gained seats.
Impact of shifting SEC policy on ETH ‘yet to be seen’ — Consensys SC
[Jun 7 3:19 PM] Bill Hughes, Consensys’ senior counsel and director of global regulatory matters, spoke to Cointelegraph at Consensus 2024 in Texas on the status of its lawsuit against the SEC.
US elections are a ‘huge variable’ for Solana ETF approval
[Jun 7 7:50 AM] The approval of spot Ether ETFs has opened Pandora’s box for another altcoin ETF. Solana, XRP, Chainlink or Dogecoin could be next, but is the crypto market overly optimistic?
Roger Ver posts bail in Spain, faces extradition to the US
[Jun 6 10:02 AM] Early crypto investor Roger Ver, known by many as “Bitcoin Jesus,” was granted bail in Spain but still faces extradition to the U.S. for tax fraud charges.
SEC to close regional office after judge dismisses DEBT box case
[Jun 4 2:45 PM] A judge ordered the U.S. Securities and Exchange Commission to pay $1.8 million following “bad faith conduct” over a temporary restraining order to freeze DEBT Box’s assets.
Consensus 2024: Reacting to Trump verdict during crypto conference
[Jun 4 1:00 PM] Digital asset regulation and policy were at the center of discussion for many panels at the crypto event when news of Donald Trump’s 34 felony convictions broke.
Sam Bankman-Fried is back in NYC prison for his appeal
[Jun 4 9:39 AM] The former FTX CEO spent roughly a week at the Federal Transfer Center in Oklahoma City, with many speculating authorities planned to send him to a California prison.
Block Earner spared penalty in regulator’s crypto yield suit
[Jun 3 11:33 PM] The Australian federal court relieved Block Earner from paying a penalty after an Australian regulator’s legal action over unlicensed crypto yield-bearing products.