1 / 1 Relevant items tagged with #Litigation
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US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery
[Aug 8 6:05 PM] A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of…
Coinbase Legal Chief Urges SEC Chair to Stop Misleading the Market About Crypto Tokens Being Securities
JPMorgan Anticipates SEC Approving Spot Ethereum ETFs After Litigation Process
[Apr 6 5:24 PM] Global investment bank JPMorgan anticipates that the U.S. Securities and Exchange Commission (SEC) will eventually approve spot ether exchange-traded funds (ETFs). However, the firm pegs the chance of approval in May at 50%, foreseeing a potential…
Crypto's Bromance With U.S. CFTC May Be One-Sided
[Nov 7, 2023 4:16 PM] Half of the 2023 sanctions from the U.S. Commodity Futures Trading Commission (CFTC) targeted digital assets companies and individuals, according to the agency's annual enforcement snapshot released on Tuesday.
Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections
[Nov 1, 2023 4:42 PM] Prediction market Kalshi is suing the U.S. Commodity Futures Trading Commission (CFTC) for denying its effort to list derivatives for betting on the outcome of political events – specifically which party will control each chamber of the U.S…
Do Kwon's Terraform Labs Seeks Early Court Rejection of U.S. SEC Case
[Oct 30, 2023 10:54 AM] Terraform Labs and its co-founder, Do Kwon, are asking a federal judge to side with them in the U.S. Securities and Exchange Commission (SEC) fraud case, arguing that the regulator hasn't managed to prove the crypto company was offering securities.
Coinbase Poised to Make Final Pitch in Bid to Kill SEC Accusations Quickly
[Oct 23, 2023 7:51 AM] Coinbase Global Inc. (COIN) is set to make its final case on Tuesday that a judge should spring it from the clutches of the U.S. Securities and Exchange Commission (SEC) in its unregistered-securities dispute.
Grayscale ETF Case's Final Word Coming in Federal Court as SEC Loss Formalized
[Oct 19, 2023 1:55 PM] Grayscale Investments is waiting for a federal court tomorrow or soon after to formalize the defeat it handed the U.S. Securities and Exchange Commission (SEC) two months ago in the parties’ dispute over a spot bitcoin exchange traded fund (ETF)…
SEC Won’t Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF
[Oct 13, 2023 3:07 PM] The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF.
BlockFi Bankruptcy Judge Says He Wants 3AC’s $284M Claim Resolved in Mediation
[Oct 10, 2023 1:23 PM] Failed crypto hedge fund Three Arrows Capital’s (3AC) attempt to pursue a $284 million claim against crypto lender BlockFi was put into mediation by the U.S. bankruptcy judge overseeing BlockFi’s case.
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.
U.S. Shutdown, Assuming It Doesn’t Run Long, Will Slow, Not Cripple Crypto Efforts
[Sep 25, 2023 2:14 PM] The crypto industry’s business in Washington is coming to a head just as a looming congressional budget impasse could shut down an array of federal services next week. But the digital assets sector can expect its most important matters won’t go…
U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi
[Sep 19, 2023 1:31 PM] The U.S. Securities and Exchange Commission (SEC) isn’t done chasing down crypto exchanges and decentralized finance (DeFi) projects it sees as violating securities laws in the same vein as Coinbase Inc. (COIN) and Binance, said David Hirsch, head…
Binance US Restores USD Withdrawals, Suggests Users Withdraw or Spend Their Dollars
[Jun 23, 2023 12:30 PM] The U.S. subsidiary of the world’s largest crypto exchange, Binance, announced it has resolved the issues with U.S. dollar (USD) withdrawals. The trading platform, which recently averted an asset freeze sought by the United States Securities…
SEC's crypto actions surged 183% in 6 months after the FTX collapse
[Jun 8, 2023 5:20 AM] The regulator stepped up enforcement actions in the crypto space following the revelations that took place around FTX.
Coinbase remains '100% committed' to US market: Armstrong
[May 4, 2023 11:26 PM] The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much.
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…
Crypto regulation decided by Congress, not the SEC: Blockchain Association
[Feb 14, 2023 7:19 PM] The group's policy head doubted a divided Congress can create crypto legislation but said it doesn’t give regulators absolute authority in the interim.