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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...
This scenario could spark Gary Gensler’s resignation: Former SEC official
14.8.2023
John Reed Stark believes SEC chair Gary Gensler could throw in the towel, depending on a possible scenario to play out in 2024
Coinbase gains legal support as scholars file amicus brief
13.8.2023
In their filing, the legal practitioners advocated for the Court to steadfastly adhere to the established definition of the term 'investment contract' when interpreting its scope
French Regulator Revises Crypto Rules to Align With EU’s MiCA Law
13.8.2023
France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses offering certain services for digital assets like...