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Coinbase Legal Chief Urges SEC Chair to Stop Misleading the Market About Crypto Tokens Being Securities
9.5.2024
Coinbase’s chief legal officer has publicly urged U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to stop misleading the market regarding crypto tokens being securities. His request followed Gensler’s repeated assertions that numerous crypto tokens conform to...
SEC Argues for Injunctions in Final Response of Ripple XRP Case
8.5.2024
The SEC challenged Ripple’s assertion that the blockchain startup acted without recklessness and that there should be no “widespread uncertainty” about XRP’s legal status, despite the court previously rejecting this “fair notice” defense.
The post SEC Argues for Injunctions in Final Response...
SEC files final response in Ripple XRP case
8.5.2024
The SEC argues that Ripple’s assertions do not negate the need for injunctions to prevent future violations
Robinhood Prepares to Fight SEC in Court Over Crypto, CEO Reveals
8.5.2024
Robinhood Markets is preparing to fight the U.S. Securities and Exchange Commission (SEC) in court to defend its crypto business and establish “regulatory clarity in the United States for the benefit of our customers,” CEO Vlad Tenev said after his company received a Wells notice from...
Cartier Family Member Indicted for Using USDT to Launder Hundreds of Millions in Drug Trafficking Money
7.5.2024
Maximilien De Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his participation in a network that allegedly used several shell companies to launder drug trafficking money proceeds using USDT. Cartier and five Colombian individuals...
Ongoing SEC vs. Ripple legal battle awaits crucial developments
7.5.2024
The tussle between the Securities and Exchange Commission and Ripple has yet to see any forthcoming closure, with charges and countercharges being leveled, as per James K. Filan, a seasoned lawyer. A recent statement from Filan divulged that the SEC, via a closed document, had handed over...
Four months in prison for CZ, another US state kicks out Binance.US: Law Decoded
6.5.2024
While Changpeng “CZ” Zhao received a surprisingly moderate jail term, Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US’ license
Coinbase’s Legal Woes Deepen As Customers File Lawsuit Over Alleged Deception
6.5.2024
Coinbase faces a new legal battle as customers filed a class-action lawsuit on Friday. The suit accuses two of the exchange's subsidiaries of repeatedly breaking securities laws since Coinbase began operating.
The post Coinbase’s Legal Woes Deepen As Customers File Lawsuit Over Alleged...
Australian Court Rules Against BPS Financial for Unlicensed Crypto Operations
6.5.2024
The Federal Court of Australia has ruled against BPS Financial for operating “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) underscores the importance of regulatory compliance to protect consumers in the volatile crypto market....
Swifter Justice Needed for Crypto Offenders, Says South Korean Prosecution Chief
6.5.2024
A top South Korean prosecution official says courts must deliver swifter justice to crypto offenders – with cases currently taking “too long” to process.
The post Swifter Justice Needed for Crypto Offenders, Says South Korean Prosecution Chief appeared first on Cryptonews
Class Action Lawsuit Claims Coinbase Operates as Unregistered Broker
5.5.2024
A new class action lawsuit was initiated against the San Francisco-based cryptocurrency exchange Coinbase on May 3. The legal action claims that Coinbase deliberately sold securities that are unregistered with regulatory authorities. Additionally, the lawsuit charges Coinbase with operating as...
Buenos Aires Targets Worldcoin With Eye Scanning Biometric Bill
4.5.2024
A bill that seeks to regulate the activities of companies that scan the eyes of their users, like Worldcoin, has been recently introduced in Buenos Aires. The law aims to protect the app users’ rights and help them to secure and determine the destination of the biometric data collected...
Australian court rules against Qoin issuer BPS Financial on 4 charges
3.5.2024
Qoin still has a class-action suit pending against it in addition to the case brought by regulator ASIC
zkSNACKs ends Coinjoin service on June 1st amid legal issues
3.5.2024
Developers of Wasabi Wallet, a well-known Bitcoin wallet that focuses on privacy above all else, have now released a statement about what they intend to do in the future. Legal complications and developing issues concerning utilizing the advanced privacy feature Coinjoin have forced the team...
ENS Takes Legal Action Over Unstoppable Domains’ Blockchain Naming Patent
3.5.2024
Ethereum Name Service files a petition with the USPTO to challenge the validity of a patent held by Unstoppable Domains, alleging misuse of open-source technology.
The post ENS Takes Legal Action Over Unstoppable Domains’ Blockchain Naming Patent appeared first on Cryptonews
Ripple vs. SEC legal battle impacts XRP’s performance
2.5.2024
Ripple filed a plea to counter the testimony of the Security and Exchange Commission’s accountant. It faced stiff opposition from the Securities and Exchange Commission, and its accountant was regarded as a summary witness. Ripple expressed its frank view that it recognized that...
Senator Cynthia Lummis Slams DOJ For “Hyper-Aggressive” Crypto Stance On Self-Custody Wallets
2.5.2024
Senator Cynthia Lummis (R-WY) is slamming the U.S. Department of Justice (DOJ) for its stance on self-custody wallets, according to a Wednesday post from Lummis’ official X account. Lummis' condemnation comes on the heels of the U.S. government pressing unlicensed money-transmitting charges against...
Former Binance CEO CZ: I Will Do My Time — Crypto Industry Has Entered a New Phase
1.5.2024
Former Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for their support following his four-month U.S. prison sentence for pleading guilty to money laundering charges. “I will remain a passive investor (and holder) in crypto. Our industry has entered a...
U.S. House Financial Services Committee Chair Patrick McHenry Blasts Gary Gensler, SEC Over ETH Security Stance
1.5.2024
House Financial Service Committee Chair Patrick McHenry has taken to X to claim United States Securities and Exchange Commission (SEC) Chair Gary Gensler “knowingly misled Congress when pressed on the classification” of Ethereum (ETH) in testimony the U.S. regulator gave to the Financial Services...
Bitcoin.com Addresses Charges Against Early Investor and Founder Roger Ver
30.4.2024
On April 30, 2024, the U.S. Department of Justice (DOJ) detained Roger Ver, a trailblazing investor in bitcoin, on accusations of tax evasion and submitting fraudulent tax returns. The following update is accompanied by a statement from Bitcoin.com regarding the allegations against the company’s...