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Binance, CZ to Seek Dismissal of CFTC Complaint
26.7.2023
Crypto exchange Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). On July 27, the trading platform is due to submit its response to the CFTC complaint alleging that it broke derivatives laws...
Ripple vs. SEC — Respite for a Beleaguered Industry
25.7.2023
On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange, Ripple Labs, Inc. (Ripple). District Judge Analisa...
Judge gives US prosecutors until Oct. 3 for discovery in case against Alex Mashinsky
25.7.2023
U.S. District Judge John Koeltl granted a continuance for former Celsius CEO Alex Mashinsky’s trial start date, citing the “volume of discovery” and the “complexity of the case.”
Judge in SBF's criminal case proposes gag order, citing attempt to 'influence public opinion'
24.7.2023
The proposal followed a complaint filed by U.S. authorities alleging Sam Bankman-Fried had leaked Caroline Ellison’s private journals in an attempt to interfere with the trial
Judge in FTX Case Orders Gag on Contact with Media
24.7.2023
Coinbase vs SEC court dates confirmed for initial case arguments
24.7.2023
A judge in New York has approved a joint request from the SEC and Coinbase to settle dates for opening briefs and all subsequent responses
FTX’s Bankman-Fried seeks gag order for all witnesses in criminal case
24.7.2023
Lawyers representing SBF have agreed to a gag order preventing him from making comments that could sway his criminal trial but says it should apply to other witnesses too
Mark Cuban Criticizes SEC Approach in Ripple-XRP Case
24.7.2023
Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has weighed in on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “The current mission of the SEC is not to protect small investors,” the billionaire asserted. “Their goal...
Lawyer Discusses SEC Appeal of Ripple-XRP Ruling — Says It Could Take 2 Years
24.7.2023
A lawyer has provided insights into the potential outcomes if the U.S. Securities and Exchange Commission (SEC) decides to appeal the Ripple ruling regarding XRP. Despite the securities regulator’s indication to appeal the ruling, the lawyer emphasized that “There isn’t...
Blackrock’s Bitcoin ETF Application Update, Warnings of Possible Reversal in XRP Ruling, and More — Week in Review
23.7.2023
Financial megalith Blackrock’s bitcoin exchange-traded fund (ETF) application has now been accepted by the U.S. Securities and Exchange Commission, and added to the regulator’s docket. In related news, a former official from the SEC has said the recent ruling on XRP from the SEC...
SEC Says XRP Ruling in Ripple Case ‘Wrongly Decided’ — Signals Appeal
23.7.2023
The U.S. Securities and Exchange Commission (SEC) has told a federal court that some portions of the Ripple ruling regarding XRP “were wrongly decided.” The regulator has asked the court to ignore parts of the ruling, noting that “SEC staff is considering the various available...
New York Couple Set to Plead Guilty in $4.5 Billion Bitcoin-Laundering Case
22.7.2023
A married New York couple is preparing to plead guilty to charges of conspiring to launder billions of dollars worth of Bitcoin (BTC), which was stolen during the notorious 2016 hack of crypto exchange Bitfinex.
Ilya Lichtenstein and Heather Morgan, who were charged in February last year after...
NY Couple to Forfeit Billions in Crypto and Cash in Plea Deal Over Bitfinex Hack Laundering Case
21.7.2023
Ilya Lichtenstein and Heather Morgan, the New York-based couple implicated in the alleged laundering of $4.5 billion in bitcoin pilfered from the 2016 Bitfinex cyber-attack, have reached a plea bargain, as revealed by recent court records. The pair is scheduled to appear before U.S. judge Colleen...
Terraform Labs Appoints New CEO While Co-Founder Remains in Jail
21.7.2023
Terraform Labs appointed a new chief executive officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team’s “vision” for rescuing the beleaguered blockchain project. Terraform Labs Finds...
'Razzlekhan,' Husband Make Plea Deal in Bitfinex Hack Laundering Case Worth Billions
21.7.2023
The pair will forfeit the proceeds from nearly 120,000 bitcoins they allegedly laundered from the hacked crypto exchange
Fed Launches New Instant Payment FedNow Service – Does This Undermine Crypto’s Use Case?
20.7.2023
The US Federal Reserve announced on Thursday that its long-awaited FedNow Service has gone live.
According to a post on the Fed’s website, "banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on any day of...
Ark Invest Now More Confident in Bitcoin Reaching $1.5 Million, CEO Says
20.7.2023
The CEO of investment management firm Ark Invest, Cathie Wood, has explained why her firm’s confidence in bitcoin’s price reaching $1.5 million has increased. Citing the crypto’s performance during the regional bank crisis earlier this year, she stressed, “That was...
SEC Chair Gensler Cites 'Wild West' of Crypto in Case to Increase Agency's Budget
19.7.2023
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US Lawmakers Call on SEC to Stop Regulatory Assault on Crypto Following XRP Ruling
19.7.2023
U.S. lawmakers have called on the U.S. Securities and Exchange Commission (SEC) to drop its regulatory assault on the crypto industry following the landmark ruling on the SEC v. Ripple case regarding XRP. “The SEC has chosen to communicate and regulate not by clear rule or guidance but...
SEC v. Ripple Case Referred to Magistrate Judge Sarah Netburn, Who Ordered 'Hinman Documents' Release
18.7.2023
Remaining questions in the legal battle between Ripple and the US Securities and Exchange Commission (SEC) have been referred to Magistrate Judge Sarah Netburn, the judge who ordered the release of the so-called ‘Hinman documents.’
Magistrate Judge Netburn will now take care of general pretrial...