15 / 20 Relevant items tagged with #Legal
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CFTC Sues Former CEO of Crypto Lender Voyager for Fraud
[Oct 13, 2023 10:30 PM] The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of bankrupt cryptocurrency lender Voyager Digital with fraud. The regulator accused Stephen Ehrlich and the company of luring investors with promises of high-yield returns…
Nigerian Court Convicts P2P Crypto Trader Accused of Operating a Pig Butchering Scam
Brazil Committee Recommends Indicting Binance Officials, CZ
[Oct 12, 2023 1:30 PM] A congressional committee in Brazil has concluded that four Binance officials, among them company CEO Changpeng Zhao (CZ), should be indicted. The suggestion follows a probe targeting crypto platforms suspected of operating pyramid schemes and can…
AB 39 & SB 401: An Analysis Of Pending California Legislation For Bitcoin Exchanges
[Oct 12, 2023 7:30 AM] In the heart of Sacramento, a quiet drama unfolds. As California’s legislative session concludes, two pivotal crypto regulatory bills, AB 39 and SB 401, stand on the cusp of becoming state law. These developments carry profound implications for the…
State Securities Regulators Support SEC in Lawsuit Against Crypto Exchange Coinbase
[Oct 11, 2023 3:00 PM] A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules for crypto assets in the…
Grocery Chain Trader Joe’s Sues Unaffiliated Crypto Project That’s Using Its Name; JOE Token Sinks
[Oct 10, 2023 6:21 AM] Grocery chain Trader Joe’s alleged the Trader Joe exchange chose a similar name to benefit from the former’s popularity.
SBF seeks to probe FTX lawyers’ roles in $200M Alameda loans
[Oct 10, 2023 5:12 AM] Sam Bankman-Fried’s legal team is seeking permission to cross-examine Gary Wang over FTX lawyers' involvement in Alameda loan approvals.
SEC Sues Musk to Make Him Testify in Twitter Takeover Investigation
[Oct 6, 2023 5:30 AM] U.S. Securities and Exchange Commission (SEC) is trying to force Elon Musk to testify in its probe into his purchase of Twitter, now X. After some back and forth, the billionaire investor bought the social media platform for $44 billion in October…
SEC Seeks Rejection of Coinbase’s Pushback Against Its Lawsuit
[Oct 4, 2023 6:30 PM] The U.S. Securities and Exchange Commission (SEC) has asked a judge to reject Coinbase’s attempt to have the regulator’s lawsuit against it dismissed. The exchange had alleged that the agency overstepped its authority and abused its discretion in…
Bitcoin Cross-Border Payments More 'Substantial' Than Public Data Shows
[Oct 4, 2023 5:55 AM] A new study conducted by the Bank of International Settlements (BIS) has shed light on the true extent of Bitcoin's impact on cross-border payments, revealing that its significance may be even greater than previously believed. According to a…
Ripple Gains a Victory as Judge Torres Rejects SEC’s Interlocutory Appeal
Coinbase’s Attempt to End SEC Lawsuit Should Be Rejected, U.S. Regulator Argues
[Oct 3, 2023 3:43 PM] “To distract from the fatal flaws in its legal arguments, Coinbase cries foul and seeks to blame the SEC for its current legal predicament,” the SEC said in a Tuesday court filing.
Bankman-Fried’s Legal Team Cries Foul Over Ukrainian Customer Testimony
US Government Frames Bitcoin Privacy As “Criminal”
[Oct 2, 2023 10:00 AM] In another unfortunate turn of events for anyone hoping their right to privacy to be protected as guaranteed by the US Constitution, the UN Declaration of Human Rights, or applicable state and federal law, the US government has argued that the…
Bankman-Fried Trial to Feature Customer, Investor, and Co-Conspirator Testimony
[Oct 2, 2023 2:30 AM] In a letter to the judge published Saturday, prosecutors laid out plans to call customers, investors, and co-conspirators to testify in next week’s trial of Sam Bankman-Fried. The former CEO of cryptocurrency exchange FTX faces charges of…
SEC Charges FTX Auditor for Helping Clients Violate Securities Laws
[Oct 1, 2023 9:30 PM] The U.S. Securities and Exchange Commission (SEC) announced charges against an accounting firm that worked for failed cryptocurrency exchange FTX. The company, Prager Metis, has been accused of facilitating clients in breaking federal securities…
Sam Bankman-Fried Trial: A Colossal Legal Showdown Starts Next Week
[Sep 29, 2023 10:00 PM] A calendar has been set for the upcoming trial of United States v. Bankman-Fried, with jury selection beginning October 3, 2023. The FTX founder, Sam Bankman-Fried, was denied temporary release from prison but will be allowed to use an…
Do Kwon’s Defense Declares SEC’s Deposition Request ‘Impossible’ Amid Ongoing Detention Saga
[Sep 28, 2023 10:00 AM] The legal team defending Do Kwon, the co-founder and former CEO of Terraform Labs, argues that the U.S. Securities and Exchange Commission (SEC) lacks the capacity to depose Kwon, deeming it an “impossible” feat. Kwon’s legal counsel additionally…
US Authorities Seize Crypto Linked to Pig-Butchering Scam Held at Binance
[Sep 27, 2023 10:00 PM] U.S. authorities are seeking to recover cryptocurrencies linked to the popular pig-butchering crypto scam. “Law enforcement was able to trace cryptocurrency involved in the fraud and money laundering to two Binance accounts, where it was…
WATCH: National Press Club Event to Debate Bitcoin's Geopolitical Implications
[Sep 27, 2023 7:55 AM] Taking place in Washington, D.C. today, an important policy event is set to delve into the growing geopolitical implications of Bitcoin as a technology for financial freedom, cross-border payments, and wealth protection.A collaboration between the…
CBDC frameworks must guard user privacy, monetary freedom of choice - BIS chief
[Sep 27, 2023 7:39 AM] BIS general manager Agustín Carstens stresses the importance of legal frameworks that protect CBDC user privacy and maintain monetary freedom of choice.
Bankman-Fried’s Lawyers Seek Another Attempt at Temporary Release
[Sep 26, 2023 11:30 PM] Lawyers for Sam Bankman-Fried are making another attempt to have the disgraced FTX founder temporarily released from jail before his October trial, claiming he needs better access to prepare his defense properly. Lawyers Cite Bankman-Fried’s…
Judge Limits Bankman-Fried’s Trial Arguments; Allows Recreational Drug Use Questions
Ben Armstrong, Founder of Bitboy Crypto Channel, Apparently Arrested; BEN Plunges 30%
[Sep 25, 2023 11:30 PM] Armstrong has had an apparent fallout with his former business partners, several tweets suggest.
Former FTX Law Firm Denies Role in Collapse; Challenges Allegations as ‘Fatally Deficient’ in Court Motion
[Sep 25, 2023 4:45 PM] San Francisco-based law firm Fenwick & West LLP is denying allegations from FTX founder Sam Bankman-Fried that the firm provided legal advice enabling the alleged fraud that led to the cryptocurrency exchange’s collapse. In a recent court…
FBI Wanted Co-Founder of Crypto Exchange Wex Sentenced in Russia
[Sep 24, 2023 1:30 AM] Aleksey Bilyuchenko, co-founder of Wex, the successor of the infamous Russian crypto exchange BTC-e, will spend only a couple of years in prison. The Russian, who is charged in the U.S. with money laundering, has been sentenced in his homeland as…
Binance Seeks Dismissal of SEC Lawsuit — Claims SEC ‘Distorts’ Securities Laws to Gain Power Over Crypto Industry
Ex-Deutsche Bank Investment Banker Faces Up to 30 Years in Prison for Crypto Fraud
[Sep 20, 2023 6:30 PM] A registered broker and former investment banker with financial giant Deutsche Bank has pleaded guilty to defrauding investors into a fraudulent crypto fund. He is facing up to 30 years in prison and will be required to pay restitution of more than…
Lawyer Who Laundered Onecoin Money Denied New Trial
[Sep 19, 2023 11:30 PM] A judge in the U.S. has rejected a request by a lawyer who laundered $400 million from the Onecoin crypto pyramid to have a new trial. The ruling clears the path for sentencing 54-year-old Mark Scott despite a key prosecution witness admittedly…