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Celsius Founder Alex Mashinsky’s Bail Set at $40 Million, Travel Restricted Amid Fraud Charges
14.7.2023
Just before the now-defunct crypto lender Celsius was charged by three U.S. federal regulators — the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and Federal Trade Commission (FTC) — its former CEO, Alexander Mashinsky, was arrested on fraud charges...
XRP ruling a ‘watershed moment’ but we’re not out of the woods yet — Lawyers
14.7.2023
The crypto community has gathered to celebrate the recent ruling on XRP's securities status, but lawyers warn there's more to it than meets the eye
Coinbase Lawyers Claim Biden Student Loans Ruling Strengthens Defense Against SEC
14.7.2023
Coinbase's legal team argued in a recent legal filing that a recent U.S. Supreme Court judgment on student debt cancellation supports their fight against SEC charges of operating an unregistered securities venue.
The Securities and Exchange Commission (SEC) filed a lawsuit on June 6, accusing...
FTX Bankruptcy Case: Lawyers Seek $323.5 Million Recovery from FTX Europe Leadership
13.7.2023
FTX lawyers have filed a court motion seeking the recovery of $323.5 million from the leadership of FTX Europe, which includes Patrick Gruhn, Robin Matzke, Brandon Williams, and Lorem Ipsum UG.
According to court filings submitted on Wednesday, the lawyers allege that the FTX Europe leadership...
Coinbase Lawyers Argue Biden Student Loans Ruling Aids Defense Against SEC
13.7.2023
Asserting powers over the $1 trillion crypto industry is of major significance, just like canceling student debt, the exchange’s lawyers argue
FTX Bankruptcy Lawyers Ask Court For $323m Recovery From FTX Europe Leadership
13.7.2023
Crypto exchange FTX's lawyers have asked the bankruptcy court in Delaware to award recovery of more than $323.5 million from FTX's Europe leadership
Grayscale lawyers refer to SEC allowing Volatility Shares' investment vehicle in push for ETF
10.7.2023
According to Grayscale, the Volatility Shares ETF was an “even riskier" product than Bitcoin futures ETFs, suggesting the SEC should allow its spot crypto ETF to begin trading
European Union's MiCA Legislation and its Impact on Stablecoin Adoption: Lawyers Raise Concerns
10.7.2023
The European Union's Markets in Crypto-Assets (MiCA) legislation, enacted on May 31, has generated praise and concerns within the crypto industry.
While hailed as a groundbreaking regulatory framework for cryptocurrencies, there is growing apprehension regarding one particular aspect:...
Grayscale Argues Leveraged Bitcoin Futures ETF Approval Shows Spot ETF Should Be Approved
10.7.2023
Graysclae
MiCA's stablecoin transaction cap stifles crypto adoption, say lawyers
10.7.2023
With a $216 million cap to be imposed on stablecoins such as USDT and USDC, some say crypto adoption could be “stifled” under MiCA unless it changes
Elon Musk's lawyers respond to motion to kick Tesla team off Dogecoin case: ‘waste of this court’s time’
7.7.2023
The strongly worded legal filing comes in response to an attempt to have Tesla’s lawyers sanctioned over supposed conflicts of interest and alleged misconduct
Voyager Digital’s Bankruptcy Battle Racks Up Millions in Legal Expenses
4.7.2023
A recent court filing from the now-insolvent Voyager Digital Holdings and its creditor committee revealed that legal expenses amounting to $16.5 million have accumulated from July 22, 2022, through May 18, 2023. The records indicate that between March and May 2023, roughly $5.17 million in legal...
FTX Seeks to Claw Back $700M in Lawsuit Over Alleged Funds Misappropriation and Influence-Building Scheme
24.6.2023
According to a lawsuit filed this week with the U.S. Bankruptcy Court for the District of Delaware, FTX lawyers are seeking to claw back $700 million from K5 Global Technology, its subsidiaries, and the firm’s founders. The attorneys allege that the defendants received funds without...
FTX bankruptcy will be ‘very expensive’ but there’s a reason: Auditor
21.6.2023
The legal fees charged in the first months of FTX’s bankruptcy have been examined by an auditor, who has confirmed the case is “on track to be very expensive.”
5 Charges Temporarily Suspended in FTX Co-Founder Sam Bankman-Fried’s Legal Battle
17.6.2023
The U.S. Department of Justice (DOJ) and federal prosecutors in New York have opted to temporarily suspend five charges against the beleaguered FTX co-founder Sam Bankman-Fried (SBF). Nevertheless, these five charges have been “severed” and deferred until 2024, potentially leaving...
Binance Lawyers Push Back Against US SEC Claims That Binance.US Customer Assets Are at Risk
13.6.2023
Attorneys for Binance.US and Binance CEO Changpeng Zhao argued that the US Securities and Exchange Commission’s temporary restraining order to freeze its assets should be denied.
There is no risk to customer assets, the lawyers said on Monday in a court filing ahead of a Tuesday hearing...
Ripple case more crucial than ever amid Coinbase, Binance SEC crackdown: Lawyers
9.6.2023
Whether XRP is ruled as a security or not in the Ripple case will certainly have an influence on the two latest crypto exchange lawsuits, crypto lawyers told Cointelegraph
SEC Chair Gary Gensler Tried To Land a Job at Binance, the Exchange’s Lawyers Allege
9.6.2023
Before becoming head of the US Securities and Exchange Commission, Gary Gensler offered to serve as an adviser for Binance, according the crypto exchange, which is now facing heat from the regulator.
In a letter directed towards the SEC’s division of enforcement, counsel for Binance and...
SEC Chair Gensler’s Alleged Past Interest in Advising Binance Surfaces Amidst Legal Battle
8.6.2023
Lawyers for Binance claim that current U.S. Securities and Exchange Commission (SEC) chair Gary Gensler once sought to become an advisor for the exchange back in 2019. This purported application occurred while Gensler was teaching at the Massachusetts Institute of Technology (MIT) and coincided...
SEC chair Gensler offered to serve as an advisor to Binance in 2019: Lawyers claim
8.6.2023
Years before serving as head of the SEC, Gary Gensler offered up his advisory services to Binance, the exchange's lawyers allege