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OpenSea manager accused of insider trading sentenced to 3 months in prison, $50K fine
22.8.2023
Nathaniel Chastain will reportedly have until Nov. 2 to surrender himself following his conviction for wire fraud and money laundering related to insider trading on OpenSea
Report: Kenyan Parliament Establishes Committee to Investigate Worldcoin
22.8.2023
The Kenyan Parliament recently created an ad-hoc committee to investigate Worldcoin’s activities in the country. According to the Kenyan House speaker, the 15-member committee is expected to report back to parliament within 42 days. A Kenyan court judge recently issued a ruling which called...
Crypto P2P scams in India show digital asset education is needed
22.8.2023
Scammers have made it impossible for Indian crypto traders to conduct P2P trades owing to several police complaints and bank account freezes that follow
Sam Bankman-Fried will get one day in court to meet with lawyers
21.8.2023
According to a judge's order, SBF will be allowed access to one laptop and "WiFi device” for roughly 6.5 hours while meeting with counsel in a courthouse cell block attorney room
Crypto futures and ETFs are knocking at the door: Law Decoded, Aug. 13–20.
21.8.2023
SEC is likely to approve multiple applications for Ether futures exchange-traded funds simultaneously
Gemini Challenges SEC Lawsuit on Lending Program, Pushes for Oral Hearing
21.8.2023
Lawyers for cryptocurrency exchange Gemini have filed a motion seeking to dismiss a lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC) over its Gemini Earn lending program. In the motion, Gemini argues the SEC has failed to plausibly allege that any securities laws were...
SEC Files Motion to Certify Interlocutory Appeal of Ripple-XRP Ruling
21.8.2023
The U.S. Securities and Exchange Commission (SEC) has filed a motion to certify an interlocutory appeal of two rulings in the Ripple case regarding XRP. According to the securities regulator, “Immediate appeal of these rulings is warranted … because they involve controlling questions...
Gryphon Digital seeks court dismissal of Sphere 3D's lawsuit
20.8.2023
Gryphon Digital is requesting dismissal from a suit filed by its former partner Sphere 3D over a scam-related Bitcoin transfer. According to Gryphon, the incident was caused by Sphere's security failures
Sam Bankman-Fried requests weekday freedom for legal defense work
19.8.2023
Lawyers of SBF stated that their client faced difficulties in thoroughly reviewing the extensive document accumulation related to the case while confined to the detention center
Popular Online Game Accused Of Profiting Off Of Child Gambling
18.8.2023
Roblox has long been accused of not doing enough to make sure its massively popular gaming platform is free of toxicity and exploitation. Now parents are joining together in a class-action lawsuit to take the $17 billion company to court over allegations that it gets children into online gambling...
FTX seeks $175M settlement with Genesis entities to resolve dispute
17.8.2023
However, FTX creditors express discontent and urge the Official Committee of Unsecured Creditors of FTX (UCC) to contest the agreement
CoinSmart president says crypto taxes are a 'little bit more favorable' outside US
16.8.2023
According to Jeremy Koven, Canadian crypto firms may have a better regulatory environment than ones in the United States, benefitting users in a number of ways
Cop Arrested And Fired For Allegedly Stealing Pokémon Cards
16.8.2023
An Alabama corrections officer was arrested and fired over the weekend for stealing Pokémon cards at a Walmart. Read more
Binance.US request for protective order against SEC goes to magistrate judge
16.8.2023
The legal team for Binance.US filed a motion for a protective order on Aug. 14, claiming it was necessary to protect the firm from the SEC’s “fishing expedition” during discovery
Report: Brazilian Court Fines Mastermind of South African Bitcoin Ponzi Scheme
16.8.2023
A court in Brazil has found Johann Steynberg, the mastermind of the bitcoin ponzi scheme Mirror Trading International (MTI), guilty in a case in which he is accused of using a forged identity document. The court, however, commuted Steynberg’s three-and-a-half-year sentence to a fine of just...
China’s new AI regulations begin to take effect
15.8.2023
The Chinese has government loosened its original guidelines for AI it released in April and scheduled them to take effect starting on Aug. 15
Legal Experts from Top U.S. Law Schools Critique SEC's Approach in Coinbase Lawsuit
14.8.2023
A consortium of legal experts from top U.S. law schools are backing Coinbase in its lawsuit with the Securities and Exchange Commission (SEC), arguing that the latter has the wrong interpretation of what constitutes an “investment contract.”...
Read More: Legal Experts from Top U.S. Law Schools...
SBF jailed, FTX partners under attack: Law Decoded
14.8.2023
Sam Bankman-Fried, the former CEO of the failed FTX crypto exchange, will be held in jail through the end of his two upcoming trials
Crypto adoption crosses party lines amid Washington’s political deadlock
14.8.2023
Support for crypto among United States politicians and voters appears to be crossing party lines with bipartisanship agreements
Law Professors Blast SEC’s Concept of Investment Contract in Amicus Brief
14.8.2023
Six professors of law have issued an amicus brief in favor of Coinbase, blasting the U.S. Securities and Exchange Commission’s (SEC) stance on the definition of investment contracts. Through a historical examination of the development of securities laws, the brief concludes that an investment...