8 / 18 Relevant items tagged with #Legal
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Coinbase Files Legal Challenge Against SEC for Crypto Regulation Clarity
[Mar 12 4:30 PM] In a significant legal confrontation, Coinbase has filed a challenge against the U.S. Securities and Exchange Commission (SEC) in the Third Circuit, contesting the SEC’s refusal to establish clear rulemaking for digital assets. San Francisco Crypto…
Arbitrum Proposal to Fund Tornado Cash Developers Defense Withdrawn
[Mar 11 4:00 PM] A proposal aiming to contribute to funding the legal defense of the developers of Tornado Cash, the Ethereum-based mixing platform, was removed by the Arbitrum community over apparent legal concerns. Devansh Mehta, lead of the working group of the…
Digital Currency Group Pushes Back Against NYAG Lawsuit
[Mar 11 7:00 AM] The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…
US Court of Appeals Reverses Lower Court’s Ruling in Favor of Binance
Worldcoin Introduces Complaint Against Operations Ban in Spain
[Mar 10 8:00 AM] Worldcoin, the biometric iris scanning project, has introduced a complaint against the actions of the AEPD, the personal data protection agency in Spain. Tools For Humanity, the company behind Worldcoin, argues that the agency circumvented the…
Montenegro Court Halts Extradition of Terra’s Do Kwon to the US
Terra’s Do Kwon Wins Extradition Appeal in Montenegro as Case Heads for Retrial
[Mar 5 6:52 AM] Kwon is facing fraud charges in the U.S. around his role in Terra's collapse.
Founders of $400 Million Cryptocurrency Ponzi Scheme Arrested in Argentina
[Mar 5 4:30 AM] Two individuals, a woman and a man, were captured in Argentina on charges of having perpetuated a Ponzi scheme that moved over $400 million in cryptocurrency in Brazil. The operation managed to track the couple’s whereabouts with the help of…
Montana Blasts SEC ‘Regulatory Power Grab’ in Kraken’s Case: ‘Crypto Assets Are Not Automatically Securities’
Texas Blockchain Council and Riot Secure Legal Victory in Bitcoin Mining Data Collection Lawsuit
[Mar 3 3:30 AM] In a landmark ruling, the Texas Blockchain Council (TBC) and Riot Platforms Inc. have triumphed in their lawsuit against the Biden administration, successfully halting the data collection efforts on bitcoin mining operations. TBC and Riot Platforms…
Final Agreement On EIA Emergency Survey Released
[Mar 1 1:30 PM] The final agreement between the Texas Blockchain Council & Riot Platforms, Inc., and the Energy Information Administration has just dropped, and it’s a good one.In sum, the EIA will voluntarily terminate the illegal EIA-862 collection action they…
Chamber of Digital Commerce: SEC Actions ‘Pose Separation of Powers and Due Process Concerns’
[Mar 1 4:30 AM] The Chamber of Digital Commerce, a Washington-based blockchain advocacy group, has filed an amicus curiae document on the SEC v Payward, Inc. (Kraken) case. The chamber argues that the actions of the SEC pose “separation of powers and due…
SEC Overstepped Bounds in Kraken Lawsuit, State AGs Charge
[Feb 29 8:36 PM]
EIA Emergency Survey Preliminary Injuction Hearing Canceled Yesterday
[Feb 29 7:05 AM] Yesterday we were supposed to have a hearing on the preliminary injunction in the Texas Blockchain Council v. Department of Energy case. But, as often happens in litigation, things change quickly. Tuesday the judge entered an order canceling…
A Maximum of 78 Months — Sam Bankman-Fried’s Legal Team Calls for Leniency
[Feb 29 12:30 AM] In a recent legal submission, Sam Bankman-Fried’s freshly appointed defense team strongly criticized the suggested century-long sentence as “grotesque.” The firm Mukasey Young is pushing for a gentler verdict for the 31-year-old creator of…
Coinbase Made an Arbitration Case to the U.S. Supreme Court – Again
[Feb 28 2:54 PM] Crypto exchange Coinbase again led a legal charge on the ins and outs of arbitration in the U.S. Supreme Court on Wednesday. The latest case isn't about digital assets, directly, but it may be important for every modern consumer who buys, registers…
Second EIA Survey Extension Being Pushed With Open Comment Period
[Feb 27 12:10 PM] The current EIA Emergency Cryptocurrency Mining Facilities survey held by injunction would require monthly reporting of information from mining facility operators through July 31, 2024. This survey would require the collection of information such…
Lejilex and Crypto Freedom Alliance of Texas Sue SEC for Unlawfully Targeting the Digital Asset Industry
[Feb 24 6:30 AM] Lejilex and the Crypto Freedom Alliance of Texas, a crypto nonprofit, have teamed up to introduce a complaint against the actions of the SEC towards actors in the digital asset industry in America. The complaint alleges that the SEC has no…
Coinbase on Grayscale Ethereum Spot ETF Application: “ETH Is a Commodity, Not a Security”
[Feb 24 3:30 AM] Coinbase has answered the SEC request for comments on the proposed rule change to list the ETH Grayscale Fund as a spot ETF. Coinbase stated that ether was a commodity, and its status has been publicly recognized in a variety of circumstances by…
RIOT PLATFORMS AND TEXAS BITCOIN COUNCIL SEEK INJUCTION AGAINST EIA SURVEY
[Feb 23 1:15 PM] Today at 11:30a in Waco, Texas, the Texas Blockchain Council and Riot Platforms, Inc., asked a Federal District Judge Alan Albright for a temporary restraining order blocking the Energy Information Administration from enforcing their "emergency"…
Report: Bankman-Fried Stands by Legal Team Amid Potential Conflict of Interest
[Feb 21 11:30 PM] Sources report that Sam Bankman-Fried (SBF), the erstwhile crypto magnate and former head of FTX, intends to utilize his newly appointed legal team, despite these attorneys also serving Alex Mashinsky, the former chief of Celsius. On Wednesday, in…
US Judge Urged to Approve Binance’s $4.3 Billion Plea Deal
[Feb 21 3:00 AM] A U.S. Federal Judge has been urged to accept a plea deal from U.S. authorities with the cryptocurrency exchange, Binance. Prosecutors, in a memorandum, have asserted that the agreed-upon sanctions are commensurate with the extent of Binance’s…
Deltec Bank Accused of Secretly Extending a $2 Billion Credit Line to Alameda Research
[Feb 20 7:30 AM] Deltec Bank and Trust Ltd, based in The Bahamas, stands accused of covertly extending a $2 billion line of credit to Alameda Research. A lawsuit, filed by those who claim to be victims of Sam Bankman-Fried, accused Deltec of granting a three-day…
Australian Police Officer in Court for Stealing Nearly 82 BTC From Seized Drug Trafficker’s Wallet
[Feb 20 5:30 AM] An Australian police officer recently appeared in a Melbourne court where he faced charges of stealing 81.616 bitcoins from a crypto wallet seized from drug traffickers. After initially blaming the drug traffickers,’ the Australian Federal…
Swiss Crypto Hedge Fund Tyr Capital Clashes With Client Over FTX Exposure: FT
[Feb 20 1:02 AM] Tyr investor TGT has brought claims against the hedge fund that it ignored several warnings over its ties with FTX.
FinCEN Finds Increased Cryptocurrency Involvement in Human Trafficking
[Feb 15 5:00 PM] The Financial Crimes Enforcement Network (FinCEN) has released an analysis that reports an alleged increase in the use of cryptocurrency in human trafficking cases. According to FinCEN, reports of cryptocurrency linked to these purposes grew from…
Craig Wright’s Satoshi Claims Challenged in Intense UK Court Cross-Examination
[Feb 15 9:30 AM] Craig Wright, the Australian computer scientist claiming to be Satoshi Nakamoto, faced a rigorous week-long cross-examination. The proceedings, which unfolded in the U.K. High Court, saw Wright defending his assertion against the Crypto Open Patent…
Changing Regulatory Dynamics For Bitcoin ATMs
[Feb 14 8:00 AM] In the ever-evolving landscape of Bitcoin, changes can be hard to keep up with. As we enter into a new year, it’s important to be mindful that significant industry shifts and expansions will likely occur.The increase in regulatory measures we’ve…
Former Binance CEO Changpeng Zhao’s Sentencing Delayed to April 30, Court Notice Reveals
[Feb 14 6:30 AM] A U.S. court has postponed the sentencing of Changpeng Zhao, the ousted CEO of the crypto exchange Binance, to April 30. A Seattle Federal Court notice did not share reasons for the delay in Zhao’s sentencing while his lawyer reportedly…