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New York Judge Determines SEC’s Case Against Gemini and Genesis Is Plausible for Alleged Securities Law Violations
14.3.2024
A New York federal judge has ruled that the Securities and Exchange Commission (SEC) has “plausibly alleged” that Gemini and Genesis violated securities laws through the Gemini Earn program. Judge Edgardo Ramos Highlights Hurdles in Dismissing Injunction Claims Early; Cites Howey...
Judge Rules Against Gemini, Genesis Motion to Dismiss SEC Case Against Earn Product
13.3.2024
A New York judge has ruled that the U.S. Securities and Exchange Commission (SEC) case against crypto lender Genesis and crypto exchange Gemini will be allowed to move forward, denying the two defendants’ motions to dismiss in a Wednesday court filing
Terraform Labs Secures Dentons Representation Despite Objections, U.S. Court Decides
13.3.2024
US Judge Brendan Shannon has granted bankrupt crypto company Terraform Labs permission to hire Dentons for its legal representation, according to a report by Reuters. Shannon approved the hiring at a bankruptcy court hearing in Wilmington, Delaware after he deemed Terraform’s legal spending...
US Judge Backs SEC: Trading of Certain Cryptocurrencies on Secondary Markets Are Securities Transactions
7.3.2024
A U.S. district judge has sided with the Securities and Exchange Commission (SEC) in a ruling that declares the trading of certain crypto assets on secondary markets to be securities transactions. This decision emerged from an insider trading case involving crypto exchange Coinbase’s former...
U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales are Securities Transactions
4.3.2024
In an insider trading case involving Coinbase's former product manager Ishan Wahi, his brother Nikhil Wahi and their friend Sameer Ramani, a U.S. court ruled on March 1, 2023, that the trading of certain crypto assets on a secondary market, which Coinbase is, are securities transactions
SBF’s Family Write Individual Letters To Judge Asking for Lenient Sentence
28.2.2024
Family members of former FTX chief Sam Bankman-Fried submitted letters to the federal judge ahead of his sentencing. Barbara Fried, Joseph Bankman, and Gabriel Bankman-Fried all requested leniency, emphasizing SBF's good intentions, charitable efforts, and social difficulties.
The post SBF’s...
Texas Miners’ Lawsuit Spurs EIA to Temporarily Halt Bitcoin Miner Survey
26.2.2024
A US judge has temporarily halted the Energy Information Administration's (EIA) attempt to enforce a mandatory survey on Bitcoin miners.
The post Texas Miners’ Lawsuit Spurs EIA to Temporarily Halt Bitcoin Miner Survey appeared first on Cryptonews
Request Made for Binance’s Changpeng Zhao to Surrender Passports Before Sentencing
24.2.2024
The United States Attorney's Office has made a formal request to a federal judge seeking additional travel restrictions for Changpeng Zhao, commonly known as CZ, the former CEO of Binance.
The post Request Made for Binance’s Changpeng Zhao to Surrender Passports Before Sentencing appeared...
Bitcoin Price Prediction as Judge Approves Binance’s $4.3 Billion Plea Deal – Can Bull Market Resume Now?
24.2.2024
After Binance's substantial plea agreement, Bitcoin's market resilience is tested. Will this pave the way for a bullish resurgence?
The post Bitcoin Price Prediction as Judge Approves Binance’s $4.3 Billion Plea Deal – Can Bull Market Resume Now? appeared first on Cryptonews
US District Judge Sanctions Binance’s $4.3 Billion Plea Deal
24.2.2024
Binance Holdings is set to pay $4.3 billion in fines following the approval of its plea agreement with prosecutors by U.S. District Judge Richard Jones on Friday. Beyond the financial settlement, a third party will oversee Binance’s operations for a duration of five years. Historic $4.3...
Judge Signs Off on Binance's $4.3B Plea Deal With U.S. Prosecutors
23.2.2024
A federal judge approved the U.S. Department of Justice's $4.3 billion fine on Binance after the crypto exchange pleaded guilty to violating anti-money laundering laws last November
FTX Cleared to Sell Its Stake in AI Startup Anthropic: Report
23.2.2024
Bankrupt cryptocurrency exchange FTX has been permitted to sell its shares in the artificial intelligence firm Anthropic, according to an issue ordered by U.S. Federal Judge John Dorsey on Thursday, reports Reuters.
The post FTX Cleared to Sell Its Stake in AI Startup Anthropic: Report appeared...
Sam Bankman-Fried Stands by Legal Team Amidst Conflict of Interest Concerns
22.2.2024
Disgraced former FTX CEO Sam Bankman-Fried (SBF) on Wednesday confirmed plans to stick with his new lawyers Marc Mukasey and Torrey Young, who are also representing Celsius CEO Alex Mashinsky, according to a report by Reuters. In a hearing, U.S. Southern District Judge Lewis Kaplan asked...
US Judge Urged to Approve Binance’s $4.3 Billion Plea Deal
21.2.2024
A U.S. Federal Judge has been urged to accept a plea deal from U.S. authorities with the cryptocurrency exchange, Binance. Prosecutors, in a memorandum, have asserted that the agreed-upon sanctions are commensurate with the extent of Binance’s deliberate law violations. Binance’s Alleged...
Debt Box Urges Utah Federal Judge to Reject SEC’s Motion to Dismiss Enforcement Action
15.2.2024
Debt Box, a software firm entangled in a legal battle with the United States Securities and Exchange Commission (SEC), has launched a countermove against the regulatory body’s attempt to dismiss the case. Filed on February 14, Debt Box’s response characterized the SEC’s motion as a strategic...
Court Frees Genesis to Sell GBTC Shares Worth $1.3B to Compensate Clients
15.2.2024
Genesis Global obtained bankruptcy court approval on Wednesday to sell its Grayscale Bitcoin Trust (GBTC) shares. The bankrupt crypto lender can now sell its 35m GBTC shares worth over $1.3b as part of efforts to reimburse customers. In a Feb. 14 hearing conducted via Zoom, Judge Sean Lane signed...
Australian Judge Hands Split Decision in Market’s Regulator vs Block Earner
12.2.2024
An Australian court has given a split decision in a case brought by Australia's markets regulator against Sydney-based crypto start-up Block Earner
Hodlonaut Photo Incident Sparks Judge’s Livestream Warning in Wright-COPA Case
9.2.2024
On February 9, during a tense moment in the trial between Craig Wright, who claims to be the inventor of Bitcoin, and the Crypto Open Patent Alliance (COPA), presiding Judge Mellor issued a warning. The cause: a courtroom photo of Bitcoin influencer Hodlonaut was uploaded without authorization...
US Prosecutors Call for Hearing Amid Potential Conflict of Interests in Alex Mashinsky and SBF Cases
8.2.2024
The US government raised concerns about potential conflicts of interest in the ongoing criminal cases of FTX and Celsius Network founders Sam Bankman-Fried and Alex Mashinsky on February 6. The area of concern surrounds the legal representatives handling both cases. In a court filing, the...
US Judge Approves Sealed Settlement Between BlockFi and Three Arrows Capital
7.2.2024
A United States judge has given approval to a sealed settlement that resolves the claims and disputes between crypto lender BlockFi and defunct crypto hedge fund Three Arrows Capital (3AC). Judge Michael Kaplan approved the settlement during a hearing on February 6th in the New Jersey Bankruptcy...