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SEC Crypto Litigation Releases: November 2024


In November, the SEC published just one crypto-related litigation release, alleging a $115 million securities fraud scheme against Eng Taing and his company, Touzi Capital, LLC. According to the Complaint, Taing promised investors the chance to fund cutting-edge crypto mining operations and debt...

Will a New Chair Listen?: Peirce Urges SEC to Embrace Crypto


In early November, SEC Commissioner Hester Pierce delivered a fierce speech emblematic of her pro-crypto stance, offering a critique of her agency’s hostile treatment of digital assets and other innovative financial technologies in the United States. The following opinion editorial was written...

Ripple’s Legal Chief Exposes US Regulators’ Hidden War on Crypto


Ripple’s legal chief warns that U.S. regulators’ crypto guidance signals, “Don’t even think about it,” alleging a veiled campaign to deter banks from serving the industry. ‘Don’t Even Think About It’: How Regulators Subtly Squeeze the Crypto Market Ripple’s chief legal officer...

Judges Panel Reverses Treasury Ruling: Tornado Cash Back in Legal Spotlight


The U.S. Court of Appeals for the Fifth Circuit has overturned a lower court’s decision upholding sanctions against Tornado Cash, a decentralized cryptocurrency mixer. This decision reignites debate over privacy and regulatory limits in the cryptocurrency sector. Treasury’s Authority...

Can DAOs Be Sued? Insights From Lido’s Recent Case


According to a recent decision from the US District Court for the Northern District of California, decentralized autonomous organizations, or DAOs, may not provide the liability protection the industry once thought. In a seminal case, a Federal Court in California ruled that, despite the governing...

Tornado Cash Sanctions Overturned by U.S. Appeals Court


A U.S. federal appeals court has delivered a major legal victory to the crypto sector by throwing out the U.S. Treasury Department's earlier effort to directly sanction crypto mixing service Tornado Cash.The court found that the government didn't have the proper tools to include the actual...

Swan Bitcoin Files Lawsuit Against Its Own Lawyers


Swan Bitcoin is suing its law firm for attempting to withdraw from a trade secrets case due to a conflict of interest with another client. Misappropriated Trade Secrets Cryptocurrency financial services firm Swan Bitcoin has filed a lawsuit against its own legal representative, Gibson, Dunn &...

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