Ripple's Tussle With SEC to Cost the Firm $200M, CEO Garlinghouse Says: Report
[May 8, 2023 6:08 AM] The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit.
8 / 10 Relevant items tagged with #Lawsuit
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Terraform Labs seeks to dismiss class action arguing US laws don’t apply
[May 4, 2023 10:00 PM] Federal securities laws only apply in the United States, but the protocols were developed overseas, argues Terraform Labs.
Judge Upholds Freeze on SpartacusDAO's $35M in Lawsuit Served Via Discord, NFT
[May 4, 2023 11:50 AM] Activist investors are suing the leader of SpartacusDAO. He hasn't shown up in court after ignoring multiple attempts to serve him.
Coinbase Sued For Illegal Harvesting Of Biometric Data
[May 2, 2023 1:04 PM] The lawsuit alleges the company collected detailed face maps and fingerprints of customers without consent.Cryptocurrency exchange Coinbase Inc. is facing a class-action lawsuit for allegedly collecting face templates and fingerprints of its…
Ava Labs founder awarded $3M in crypto defamation suit
[May 2, 2023 5:00 AM] Emin Gün Sirer, the founder and CEO of Ava Labs, has been awarded millions in damages after an influencer publicly accused him of being part of a Turkish terrorist group in 2021.
Coinbase faces suit over alleged privacy violations in biometrics collection
[May 2, 2023 12:15 AM] The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored users' fingerprints and facial scans.
Jack Dorsey’s Bitcoin Legal Defense Fund Prepares For Case That Could Have Wide Ramifications For Open-Source Developers
[Apr 25, 2023 1:05 PM] A court case initiated by Craig Wright against 13 Bitcoin Core developers could change the way the law views open-source development.The Bitcoin Legal Defense Fund, a non-profit organization co-founded by Jack Dorsey, Alex Morcos and Martin White…
Coinbase Files Lawsuit Against SEC Seeking Regulatory Clarity
[Apr 25, 2023 11:44 AM] The cryptocurrency firm is seeking a response to its July 2022 petition asking the SEC for formal guidance for the industry.Cryptocurrency exchange Coinbase has filed a legal action to ask the US Securities and Exchange Commission (SEC) to clarify…
‘Crypto is dead in America’: Tech billionaire Chamath Palihapitiya
[Apr 24, 2023 8:11 PM] Palihapitiya did concede the crypto sector has “pushed more boundaries” than other startup sectors which may have attracted the SEC’s attention.
Terra's Do Kwon Wants SEC Charges Dismissed, Court Filings Show
[Apr 24, 2023 4:59 AM] The SEC cannot regulate digital assets involved in the case as the UST stablecoin is a currency, not a security, lawyers for the disgraced crypto executive said.
SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit
[Apr 18, 2023 11:30 AM] According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news…
NBA Hall of Famer Shaq Served in FTX Investor Suit
[Apr 18, 2023 8:30 AM] A law firm representing FTX investors has served former NBA star Shaquille O’Neal in a class-action case against celebrities who endorsed the failed crypto exchange. The lawsuit accuses Shaq, along with other public figures and the platform’s…
SEC Charges Crypto Exchange Bittrex With Operating Unregistered Exchange, Broker, and Clearing Agency
[Apr 17, 2023 9:51 AM] After the report revealing that the cryptocurrency exchange Bittrex had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), the securities regulator charged Bittrex and the company’s CEO on April 17 for…
Crypto Exchange Bittrex Violated Federal Laws, SEC Charges in Lawsuit
[Apr 17, 2023 8:11 AM] The U.S. Securities and Exchange Commission (SEC) alleged that crypto exchange Bittrex simultaneously operated a national securities exchange, broker and clearing agency in violation of federal statutes. Former CEO Bill Shihara and Bittrex Global…
Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations
[Apr 17, 2023 8:00 AM] According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice…
Tron Founder Justin Sun, Soulja Boy, and Austin Mahone Summoned by SEC in Crypto Asset Case
[Apr 14, 2023 12:00 PM] Court documents reveal that Justin Sun, Tron’s founder, has been sent a summons from the U.S. Securities and Exchange Commission (SEC) regarding the civil complaint filed against him last month. Youtuber Austin Mahone and rapper Soulja Boy…
Wyoming Defends ‘Legitimacy’ of Its Crypto Charter Framework in Custodia Lawsuit
[Apr 11, 2023 9:51 AM] The state of Wyoming is taking umbrage at the Federal Reserve Board’s insinuations that its regulatory framework for special purpose depository institutions (SPDIs) – state-chartered banks that can handle digital assets – are not up to snuff.
Drugs, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful’s Unraveling
[Apr 8, 2023 2:03 PM] Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, with more than 200 employees. Behind the scenes, staff took paid trips to music festivals, bosses fought, dismissals reportedly…
Bitcoin Miner Sphere 3D Sues Partner Gryphon Digital
[Apr 7, 2023 4:15 PM] Gryphon sent $500,000 of Sphere 3D's bitcoin to an address pretending to be its CFO.
Jane Street, Tower Research and Radix are Binance’s 'VIP' clients in CFTC suit: Report
[Apr 6, 2023 12:47 AM] The firms were cited anonymously in the CFTC's complaint describing Binance’s alleged facilitation of U.S. clients.
Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future
[Apr 5, 2023 5:30 AM] As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case…
‘Totally Irresponsible’ — Bitcoin Proponents Express Discontent Over Twitter’s Doge Logo Change
[Apr 4, 2023 11:30 AM] After the Twitter logo was changed from the original blue bird to a cartoon image of the famous Shiba Inu Doge, the cryptocurrency dogecoin rose significantly in value and is now up 27% more than 12 hours later. However, a number of bitcoin…
The SEC's Beaxy Suit Looks Like a Coinbase Case Preview
[Apr 4, 2023 9:45 AM] The SEC took pains to note the Beaxy exchange did a lot of illegal trading. Is this a preview of its action against Coinbase?
Twitter Changes Bird Logo to Picture of Doge, Dogecoin Price Surges 23% After the Change
[Apr 3, 2023 2:30 PM] On Monday, Twitter users noticed that the traditional blue bird logo had been replaced by a cartoon picture of Doge. Meanwhile, the leading meme coin cryptocurrency, Dogecoin, jumped 23% higher against the U.S. dollar after the logo change. Twitter…
Open Interest in XRP Surges to $800M as Crypto Traders Hope Ripple-SEC Verdict Will Bring 'Alt Season'
[Mar 29, 2023 7:33 AM] If the court rules that XRP is a security, it would mean the same for other alternative cryptocurrencies (altcoins) and subject them to stringent supervision. The market, however, expects Ripple to win after CFTC on Monday classified bitcoin as…
Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit
[Mar 28, 2023 12:00 AM] After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million…
7 details in the CFTC lawsuit against Binance you may have missed
[Mar 27, 2023 11:29 PM] Within the 74-page complaint, the CFTC has labeled Ether, Binance USD, Tether and Litecoin as commodities along with Bitcoin, and made a few other startling claims.
Binance CEO Zhao Calls CFTC Suit an ‘Incomplete Recitation of Facts’
[Mar 27, 2023 6:06 PM] In a blog post, Changpeng Zhao wrote that the company did not agree with “the characterization of many of the issues, and touted the exchange’s compliance technology. He also wrote that he had only two Binance accounts.
Breaking: Binance CEO CZ rejects allegations of market manipulation
[Mar 27, 2023 5:00 PM] The response comes in relation to a series of claims made by the CFTC in its March 27 complaint against Binance.
Binance And Its CEO CZ Sued By CFTC After Alleged Regulatory Violations
[Mar 27, 2023 1:56 PM] The CFTC lawsuit details how the firm allegedly offered unregistered commodity derivatives to American customers.The Commodity Futures Trading Commision has sued Binance, the world’s largest cryptocurrency exchange by volume, and its CEO Changpeng…