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From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection
15.8.2023
In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer, bolstered by a designated committee to steer...
Binance seeks protective order against SEC’s ‘fishing expedition’
15.8.2023
The exchange claims the SEC's deposition and discovery requests are outside the scope of the regulators lawsuit it filed against Binance
Latest superseding indictment against Sam Bankman-Fried includes campaign finance allegations
14.8.2023
The U.S. Justice Department dropped a campaign finance violations charge on Sam Bankman-Fried's indictment in July, but said it will consider the alleged scheme in other counts
Sam Bankman-Fried will 'return to his depression' without access to medication, say defense lawyers
14.8.2023
According to Sam Bankman-Fried's legal team, he was "only able to bring a small supply” of ADHD medication and antidepressants to jail following the judge revoking his bail
Legal Twist: Three Arrows Capital Co-Founder's Citizenship Renunciation Disrupts Court's Jurisdiction in Bankruptcy Case
14.8.2023
In the bankruptcy case of Three Arrows Capital (3AC), a crypto hedge fund that ceased operations, a judge has rejected a request to hold co-founder Kyle Davies in contempt of Court and impose sanctions....
Read More: Legal Twist: Three Arrows Capital Co-Founder's Citizenship Renunciation Disrupts...
Using courts for every crypto issuance will squash innovation: Grayscale CEO
13.8.2023
Grayscale CEO Michael Sonnenshein emphasized the need for a balanced regulatory approach to cryptocurrency to avoid hindering innovation in the United States
U.S. Senator Lummis, Crypto Lobbyists Urge Court to Dismiss SEC's Coinbase Lawsuit
12.8.2023
U.S. Senator Cynthia Lummis (R-Wy.), a number of crypto lobbying organizations and a group of professors called on a federal court to dismiss a Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase Friday
3AC co-founder avoids contempt charges following evidence of Singaporean citizenship
11.8.2023
Lawyers for Kyle Davies filed evidence that his U.S. citizenship had been renounced in 2021, which, according to a bankruptcy judge, left him outside the court's jurisdiction
3AC co-founder avoids contempt charges following evidence of Singaporean citizenship
11.8.2023
Lawyers for Kyle Davies filed evidence that his U.S. citizenship had been renounced in 2021, which, according to a bankruptcy judge, left him outside the court's jurisdiction
Judge orders Sam Bankman-Fried's bail revoked following allegations of witness intimidation: Report
11.8.2023
Judge Lewis Kaplan reportedly cited SBF's alleged attempts to influence or intimidate witnesses in the criminal case including a former FTX US general counsel and Caroline Ellison
Sam Bankman-Fried jailed as judge revokes bail
11.8.2023
Sam Bankman-Fried was reportedly led out of a New York courtroom in handcuffs after alleged attempts to influence or intimidate witnesses in his criminal case
'Good Luck' Convincing a Jury: Cameron Winklevoss Rebuts DCG Court Filing
11.8.2023
His Gemini crypto exchange and conglomerate Digital Currency Group are battling – in and out of court – over the failure of Gemini's Earn lending service
Epic vs Apple: Supreme court verdict to hurt NFTs & Web3 gaming
11.8.2023
The US Supreme Court recently announced its verdict in the Apple vs. Epic Games suit. The verdict has massively affected Epic Games’ positioning in the market. The ruling allows Apple a chance to appeal the decision to the Supreme Court. Till then, Apple has the choice to uphold its App Store...
Robinhood beats investors’ appeal in GameStop meme stock case
11.8.2023
The appeals court judge said Robinhood “had the right” to impose restrictions on meme trade purchases
Digital Currency Group files motion to dismiss Gemini lawsuit, claiming it's a PR campaign
10.8.2023
Gemini’s complaint filed in July alleged DCG and Barry Silbert had made "false, misleading, and incomplete representations and omissions" related to Genesis and the Earn program
Court Trial Dates Set for SEC's Case Against Ripple Labs in Southern District of New York
10.8.2023
In a filing on August 9th in the U.S. District Court for the Southern District of New York, Judge Analisa Torres, who is handling the civil case of the United States Securities and Exchange Commission (SEC) against Ripple Labs, intends to set a jury trial for the second quarter of 2024. The trial...
SEC use of Terraform ruling hints Coinbase dismissal motion attack plan
10.8.2023
The SEC claims a court ruling gives it authority over crypto, setting up a possible counter-argument in dismissal motions brought against it
Apple’s 30% tax rules will stay for now, crypto and NFTs may have to wait
10.8.2023
A Supreme Court judge has rejected a request from Epic Games that would've immediately loosened Apple's App Store payment rules, to the potential benefit of crypto and NFT apps
SEC Seeks to Appeal Ripple-XRP Ruling — Requests Stay of Proceedings
10.8.2023
The U.S. Securities and Exchange Commission (SEC) has sent a letter to District Judge Analisa Torres seeking permission to file an interlocutory appeal in the SEC v. Ripple case over XRP. In addition, the securities regulator’s motion will “seek to stay the district court...
Federal judge suggests Q2 2024 trial for SEC case against Ripple execs
9.8.2023
Aiming for a jury trial to start between April 1 and June 30, 2024, Judge Analisa Torres laid out deadlines for the SEC and Ripple defense lawyers to submit certain motions