Pomerantz LLP has filed a class action lawsuit against Silvergate Capital Corporation for its alleged involvement in a multi-million dollar money laundering scheme, making misleading statements concer...
Tag: Law
Coinbase Releases New Transparency Report Revealing 12,320 Requests From Law Enforcement
US-based crypto exchange Coinbase is revealing that it received thousands of requests from law enforcement and government agencies this year. Coinbase says in a new transparency report that requests f...
Biden Signs Same-Sex Marriage Protections Into Law
Topline New federal protections for same-sex marriage became law on Tuesday when President Joe Biden signed the Respect for Marriage Act in a White House ceremony, marking a bipartisan victory for law...
FTT Investors Claim To Be Investigated By Schall Law Firm
FTX hired financial forensic investigators to track the missing users’ funds. The former FTX CEO was arrested in the Bahamas The Schall Law Firm filed a lawsuit against Affirm Holdings, Inc. The...
Ripple case will not be affected by LBRY loss, says Crypto Law founder
John Deaton, a U.S. lawyer who founded Crypto Law, gave legal perspectives on why the LBRY loss to the SEC will not in any way determine the outcome of the ongoing Ripple vs. SEC case. In a recent ser...
SBF claims law firm Sullivan & Cromwell pressured him into bankruptcy filing for legal, consultancy fees
Former FTX CEO Sam Bankman-Fried (SBF) claims in his planned testimony before the U.S. House of Representatives Committee on Financial Services that he was pressured into filing for bankruptcy for the...
Digging Into The Buzz And Fanfare Over Generative AI ChatGPT, Including Looming AI Ethics And AI Law Considerations
Latest in generative AI is upending how and when humans will be writing, proffering disruption, … [+] confusion, consternation, and a lot of soul searching. getty I’m guessing that by now you’ve...
Coinbase Study Reveals Global Law Enforcement Inquiries Skyrocket
The cryptocurrency exchange has claimed that the total number of queries has increased by 66 percent, with the United States contributing to the rise of inquiries by a significant margin; the United...
Coinbase’s law enforcement requests rose 66% in 2022
Coinbase, in its fourth transparency report, revealed that there had been 12,320 requests from law enforcement authorities, a 66% increase within the period of Oct. 1, 2021, through Sept. 30, 2022. Sp...
Coinbase report shows dramatic increase in law enforcement enquiries worldwide
Coinbase has seen information requests from law enforcement surge over the past year, the cryptocurrency exchange reported in its latest transparency report. The vast majority of the enquiries came fr...
14 States Claim Florida’s ‘Don’t Say Gay’ Law ‘Does Not Discriminate’ And Want It To Be Upheld
Topline A coalition of 14 GOP-led states wants a federal court to uphold Florida’s Parental Rights in Education Act—known as the “Don’t Say Gay” law—signaling that more states could be on board with p...
SBF misses the Senate hearing but promises to testify to the House: Law Decoded
Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation. So, Sam Bankman-Fried, public enemy number one, won’t appear in front of Senators on Dec. 14, as he...
Coinbase Says Law Enforcement Requests Rose 66% From Year Ago
The highest volume of law enforcement and agency requests from a single country came from the U.S., with 5,304, while the second-most number of requests came from the U.K. with 1,744, the report said....
Crypto Problems Grow: Binance Might Face Money-Laundering Charges
The end of the year is proving very eventful, even tumultuous, for the crypto industry. The fledgling blockchain-powered financial-services industry is still wondering what and who will be the collate...
Coinbase law enforcement requests jumped 66% over the past year
Coinbase received 12,320 law enforcement requests for the year through Sept. 30, a 66% increase. The majority, 43%, of requests came from the U.S., followed by the UK, Germany and Spain, accordi...
Emerging Rise Of “AI Localism” Is Getting Bigger, Bolder, And Badder Says AI Ethics And AI Law
AI localism has to do with governing and contending with AI at the local levels, which needs greater … [+] care and attention. getty They say that all politics is local. You’ve undoubtedly heard...
Crypto: Bieber, Madonna, Steph Curry, Snoop Dogg in Big Trouble
The adventure of celebrities in the crypto space is turning into a real nightmare. After lawsuits against billionaire Mark Cuban along with bankrupt crypto lender Voyager Digital, Tom Brady, Steph Cur...
Sam Bankman-Fried’s parents no longer on the Stanford Law School roster
The domino effect of FTX CEO Sam Bankman-Fried’s actions came full circle as his reputation began impacting the professional lives of his parents — Stanford Law professors Joseph Bankman and Barbara F...
Paraguayan Crypto Law Put on Hold After Dwindling Support
Bitcoin News Proponents couldn’t muster the support they needed to overturn the veto. MPs questioned the veto, arguing that the cryptocurrency problem needs further research. After failing to get enou...
Bankruptcy Law Doesn’t Allow Debtors To Escape Student Debt: The Law Should Change
It’s difficult to conceive of a way to address the student debt issue in a way that would satisfy both conservative and liberal politicians, but a nascent movement to allow people to discharge s...
Crypto law: miners in the crosshairs
Miners targeted by a new crypto law to cease operations if consumption exceeds a certain energy threshold. Gov. Kathy Hochul signed the much-discussed Crypto-Asset Environmental Transparency Act, the ...
Paraguayan Cryptocurrency Law Shelved After Presidential Veto – Regulation Bitcoin News
The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The document, which sought to bring order to crypto mining and exchange activities in Parag...
Paraguay Lawmakers Shelve Hotly Debated ‘Crypto Law’
Paraguay’s plans to regulate the crypto mining industry have come to a screeching halt after lawmakers nixed the country’s “Crypto Law” on Monday. The bill, which was set to create a tax and regulato...
CFTC and crypto lawyers duke it out over service in Ooki DAO case
How do you sue a DAO? The question has been at the heart of the case the Commodity Futures Trading Commission is bringing against Ooki DAO, a decentralized autonomous organization that the agency alle...
Carvana, the Amazon of Used Cars, Is Collapsing
Carvana, the Amazon of used cars, on Wednesday is having one of its worst days on Wall Street. Carvana shares fell more than 36% to $4.27 as doubts about the company’s ability to meet its paymen...
Feds have contacted former FTX employees as part of investigation
Federal law enforcement is in touch with former FTX employees as part of a criminal investigation into the failed exchange and its sister hedge fund Alameda Research. Two former FTX employees h...
Elon Musk Says FTX’s Bankman-Fried Should Be in Jail
Sam Bankman-Fried, the founder of the bankrupt cryptocurrency exchange FTX, has been on a media tour since November 30 to try to rewrite the overnight implosion of his empire. According to him, every...
AI Shake-Up As Prominent AI Guru Proposes Mind-Bending “Mortal Computers” Which Also Gets AI Ethics And AI Law Dug In
Keynote speaker that’s a prominent AI guru proposes mortal and immortal computers, but there’s more … [+] to this than meets the eye. getty Here’s something that you probably hadn’t ...
Paraguay’s legislature fails to reverse presidential veto on crypto regulation law
The lower house of Paraguay’s bicameral legislature has failed to move forward on a bill aimed at promoting crypto mining through the use of surplus electricity following a veto from President M...
Court in China Recognizes NFTs as Virtual Property Protected by Law – Regulation Bitcoin News
A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a...
New York’s New Name, Image, And Likeness Law Hardly Protects College Athletes
Syracuse University’s football and men’s basketball programs remain two of the highest … [+] revenue-generating college sports in New York state. (Photo by Stacy Revere/Getty Images)...