3 / 10 Relevant items tagged with #Lawsuit

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Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court’s 10% Reversal Rate

[Aug 18, 2024 1:30 AM] Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed…

San Fran city attorney sues sites that ‘undress’ women with AI

[Aug 16, 2024 4:39 AM] Dek: AI-powered websites allowing users to create nonconsensual nude photos of women and girls were visited 200 million times in the first half of the year.

Kim Dotcom’s Extradition to US Approved by New Zealand Justice Minister

[Aug 15, 2024 3:30 PM] Kim Dotcom, the founder of Megaupload, may soon be extradited to the U.S. from New Zealand following a decision by Justice Minister Paul Goldsmith. Dotcom, who has long resisted extradition since an FBI raid in 2012, said he has a plan and…

Celsius Takes Legal Action Against Tether In $2.4 Bitcoin Collateral Controversy

[Aug 11, 2024 6:00 PM] Bankrupt crypto lender Celsius Network has initiated legal proceedings against Tether, the company behind the USDT stablecoin. The lawsuit, which was filed concerning a contract dispute dating back to 2022, alleges that Tether violated their…

Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff

[Aug 10, 2024 6:36 PM] The assets in question were evidently given to Tether as collateral.

X halts ads for Premium+ users as Musk lawsuit challenges First Amendment

[Aug 8, 2024 6:59 PM] Musk may finally be acknowledging the sun has set on X’s ad sales, but he isn’t going quietly into that good night.

EU watchdog sues Elon Musk’s X over alleged AI data violations

[Aug 7, 2024 6:44 PM] As recently as July 25, the DPC seemed to believe the matter would be resolved without court actions.

SEC pushes back against Coinbase's 'overly broad' discovery requests

[Aug 6, 2024 4:51 AM] The regulator claims that Coinbase's document discovery requests are overly broad and disproportionate to the needs of the case.

DraftKings kills NFT business, citing 'legal developments’

[Jul 31, 2024 1:51 AM] It comes four weeks after a federal judge found DraftKings NFTs fell “within the meaning” of the Securities Act and Exchange Act and thus could be securities.

Riot subsidiary Whinstone US sues former JV partner over revenue flow

[Jul 23, 2024 3:52 PM] The partners at the Texas facility had troubled relations almost from their start in 2020.

Judge nods Robinhood’s $9M ‘refer-a-friend’ lawsuit settlement

[Jul 17, 2024 8:55 PM] Robinhood has settled a long-running class-action lawsuit in Washington that involved unsolicited text spamming via its ‘refer-a-friend’ program.

Coinbase narrows subpoena, wants Gensler’s emails during time as SEC Chair

[Jul 15, 2024 5:44 PM] Coinbase initially demanded a subpoena into Gary Gensler’s private communications before his time as SEC Chair but has changed tactics in its latest letter to the judge.

Plaintiffs File New, Slimmed Down Complaint in Class Action Lawsuit Against Tether

[Jul 15, 2024 2:12 PM] Plaintiffs in an ongoing class action lawsuit against Tether and Bitfinex have filed a new, slimmed-down complaint accusing the crypto companies of manipulating the crypto markets and violating antitrust laws.

Messari Declares Independence From SEC — Calls Chair Gensler Incompetent and Corrupt

[Jul 8, 2024 9:11 PM] Crypto intelligence platform Messari has declared independence from the U.S. Securities and Exchange Commission (SEC). CEO Ryan Selkis calls SEC Chair Gary Gensler incompetent and corrupt. Messari plans to challenge the SEC’s legitimacy…

SEC wants retailer’s crypto suit tossed as it’s based on ‘phantom’ policy

[Jul 4, 2024 12:10 AM] A Texas bag retailer sued the SEC to get legal protection for a token airdrop, but the regulator says the suit was based on a policy that doesn’t exist.

Binance US Confident in Legal Battle Against SEC as Case Moves Forward

[Jul 3, 2024 4:11 PM] Binance US responded to the court’s decision to allow the SEC lawsuit to proceed, expressing confidence in its position and criticizing the SEC’s regulatory approach. “We remain confident in our position that the SEC’s…

Digital Chamber Urges SEC to End Attacks on Crypto Industry, Embrace Future of Finance

[Jul 1, 2024 8:31 PM] The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and…

Gamestop Whale Roaring Kitty Sued for Securities Fraud

[Jul 1, 2024 1:27 AM] Keith Patrick Gill, also known as “Roaring Kitty,” an investor in Gamestop stock, has been sued in the Eastern District of New York for allegedly committing securities fraud. The lawsuit alleges that Gill, using social media posts on X…

SEC Serves Fresh Lawsuit To Metamask Developer Consensys – What’s The Problem This Time?

[Jun 29, 2024 1:30 PM] The US Securities and Exchange Commission (SEC) has instituted a lawsuit against Metamask developer, Consensys. The Commission alleges that the crypto firm violated securities laws by acting as an unregistered securities broker. SEC Accuses…

Consensys to Challenge SEC in Court: Confident SEC Lacks Authority to Regulate Software Interfaces Like Metamask

[Jun 29, 2024 9:22 AM] Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are…

SEC Charges Consensys With Violating Federal Securities Laws

[Jun 28, 2024 11:33 AM] The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys Software Inc., accusing the blockchain firm of violating federal securities laws by failing to register as a broker and engaging in unregistered securities…

Logan Paul sues Coffeezilla for defamation over CryptoZoo videos

[Jun 27, 2024 10:15 PM] Logan Paul claims YouTuber Stephen Findeisen, also known as Coffeezilla, “maliciously and repeatedly” made false statements about his NFT project CryptoZoo.

Tron network deposits drop to 6-month low as TRX price rallies — Trouble in paradise?

[Jun 27, 2024 12:49 PM] Tron’s total value locked plummeted to a six-month low of $7.6 billion as TRX price rallied. Cointelegraph investigates.

Coinbase Sues SEC, FDIC for Transparency on Crypto Regulations

[Jun 27, 2024 7:40 AM] Coinbase has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and Federal Deposit Insurance Corporation (FDIC) to obtain documents on their approaches to cryptocurrency regulation. Coinbase’s chief legal officer…

Ripple Clarifies XRP Is Not a Security After New Court Ruling

[Jun 21, 2024 5:16 PM] Ripple’s chief legal officer has clarified that a California district judge has dismissed all allegations that Ripple violated federal securities laws. He stressed that District Judge Analisa Torres’ ruling regarding the non-security…

California Judge Breaks With New York Counterpart, Sends Ripple Securities Lawsuit to Trial

[Jun 20, 2024 3:28 PM] A California judge has ruled that a civil securities lawsuit against Ripple will proceed to trial, denying in part the crypto firm’s motion for summary judgment in a suit alleging that Ripple’s CEO violated state securities laws in 2017.

US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit

[Jun 17, 2024 1:14 PM] The U.S. Supreme Court has agreed to hear Nvidia’s appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia’s appeal follows a lower court’s…

SEC shoots down Ripple’s argument for a lower penalty

[Jun 16, 2024 7:37 PM] The SEC argued Ripple’s proposed lower civil penalty wouldn’t be enough, and there’s no comparison to its settlement with Terraform Labs.

Tesla investors sue Elon Musk for diverting resources, talent to xAI

[Jun 13, 2024 10:39 PM] Shareholders accused Tesla boss Elon Musk of “brazen disloyalty” with his xAI startup that created “billions in AI-related value at a company other than Tesla.”

Elon Musk drops lawsuit against OpenAI CEO Sam Altman

[Jun 11, 2024 7:22 PM] Musk’s decision came one day before a federal judge was set to decide whether to dismiss the case or allow it to proceed to the next stage.