A federal bankruptcy judge approved subpoenas for the founders of Three Arrows Capital, a Singapore-based crypto hedge fund that went belly up earlier this year. The subpoenas call on the 3AC f...
Tag: Law
Texas enforcers want Sam Bankman-Fried to attend the hearing in February: Law Decoded
Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation. There was some substantial good news for crypto last week, but the prevailing storyline is still th...
Malta Seeks to Remove NFTs From Crypto Law
“The authority considers that it would be prudent that certain VFAs, which display clear characteristics of uniqueness and non-fungibility, also be excluded from the VFA framework,” the regulator said...
Malta plans to kick out NFTs from crypto law
In a recent move, Malta seeks to remove NFTs and their providers from its Virtual Financial Assets (VFA) law passed in 2018. Malta: NFT is not a crypto asset Malta’s Financial Services Authority (MFSA...
Gensler to brief House Democrats in run-up to FTX hearing: Exclusive
Democrats of the House Financial Services Committee will hear from Securities and Exchange Commission Chair Gary Gensler in the lead-up to a hearing on FTX next week. Gensler will speak at a Dem...
Crypto lender Nexo says it’s leaving the U.S., cites regulatory ‘dead end’
Facing a phalanx of regulators, cryptocurrency lending platform Nexo says it is “phasing out” the U.S. side of its operations. In a statement announcing a “gradual” depa...
Chinese Court Applies Property Law to NFTs
While China is seemingly encouraging the ownership of NFTs, NFT prices have been down in the wake of a wider market rout. A Chinese court in Hangzhou city has applied its property law to nonfungible t...
Bernie Madoff’s Lawyer to FTX’s Bankman-Fried: “Shut Up!”
Sam Bankman-Fried wants to pass for a tragic hero. A few days ago, the founder of the bankrupt cryptocurrency exchange FTX launched a media blitzkrieg, meant to give his version that his empire’...
Former Alameda CEO reportedly hires top DC law firm
Reports have emerged that Caroline Ellison, the former head of bankrupt crypto hedge fund Alameda Research, has acquired the services of a prominent Washington law firm. Ellison hires fourth-best law ...
Chinese court says NFTs are virtual property protected by law
A Chinese court in the city of Hangzhou has said nonfungible token (NFT) collections are online virtual property that should be protected under Chinese law. A Nov. 29 article posted by the Hangzhou I...
Court Rules Man Shouldn’t Be Fired for Not Being ‘Fun’ at Work
Not having to make small talk at one’s desk or go to “happy hours” when you just want to get home is a major reason more and more people are opting for remote work. Recent surveys fo...
Yale Law School Drops Out of a Ranking System That It Never Needed
The “successful conduct of business demands qualities quite other than those necessary for passing examinations.” – Ludwig von Mises Policy writer and Duke Law School grad George Leef told me a story ...
Massively Brewing “Trust Recession” Aims To Erode Responsible AI Says AI Ethics And AI Law
Efforts toward Responsible AI and building trust in AI are being thwarted by the societal massive … [+] trust recession, so be on the watch. getty I’m sure you are familiar with the old saying t...
Iran Abolishes Morality Police And Mulls Changes To Mandatory Hijab Law Amid Ongoing Anti-Government Protests
Topline Iranian authorities have abolished the country’s morality police—which would penalize women in public for not adhering to the country’s stringent dress code—after months of anti-government pro...
Bankruptcy Law Firms Boom as Crypto Companies Go Bust
As crypto firms continue to collapse in the wake of FTX, one group in particular has been benefitting: bankruptcy lawyers. In addition to triggering bankruptcies, such as BlockFi, the collapse of FTX ...
Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out – Coinotizia
A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposa...
Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out – Regulation Bitcoin News
A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposa...
Implanting Legal Reasoning Into AI Could Smartly Attain Human-Value Alignment Says AI Ethics And AI Law
Tough challenges confront embodying the law into AI, including using AI-infused Legal Reasoners to … [+] guide and keep the rest of AI on the upright legal track. getty In today’s column, I am g...
EU’s MiCA Law May Have an FTX-Shaped Loophole
MiCA broadly allows the practice, but, compared to other EU financial service laws, includes stronger powers for supervisors to stop solicitation being abused – including an ad ban for unauthori...
Brazil passes law to legalize crypto as a payment method
While Brazil has not made Bitcoin (BTC) legal tender as El Salvador did last year, the South-American nation has passed a law that legalizes crypto payments throughout the country. The Chamber of Dep...
Brazil’s Chamber of Deputies approves crypto law
There is a new crypto dawn In Brazil. The collapse of one of the world’s largest crypto exchanges earlier this month has prompted the current events. Brazil’s lower house of Congress late Tuesday appr...
FTX Collapse: Bankman-Fried Has 2 Golden Chances to Defend Himself
Sam Bankman-Fried, the fallen founder of bankrupt cryptocurrency exchange FTX, is currently one of the world’s most hated people. On social networks many are calling for him to be sent to jail ...
Howard G. Smith law firm launches investigations into Silvergate Capital
The law offices of Howard G. Smith have begun investigations into possible federal securities law violations by Silvergate Capital Corporation, according to a press release by the law firm on November...
First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28
The state of New York became the first one in the United States to impose a moratorium on proof-of-work (PoW) mining, albeit only for two years. Last week, New York governor Kathy Hochul signed the mo...
Lummis casts doubt on Bankman-Fried-backed bill, plugs own solutions
In light of the FTX collapse, Sen. Cynthia Lummis, R-Wyo., sees a brighter future for her signature crypto legislation in the next congressional session. While noting that little action in Congr...
FTX Collapse: Bankman-Fried Will Receive Zero Dollars
On the morning of November 8, Sam Bankman-Fried, founder and CEO of FTX and Alameda Research, a hedge fund that also trades in cryptocurrencies, was a billionaire. He was one of the richest men in the...
Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry – Regulation Bitcoin News
Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the countr...
FTX Collapse: Bankman-Fried May End Up in Jail, Says Mark Cuban
Since the fall of his crypto empire on November 11, almost everything has been said about Sam Bankman-Fried. His crypto bros called him “criminal.” They accused him of lying to the clients...
FTX Collapse: Billionaire Mark Cuban Gives Crypto a Dream Boost
The abrupt and rapid collapse of the FTX cryptocurrency exchange has caused a shock in the crypto space. The fall, in a few days, of a company valued at $32 billion in February, ended up casting suspi...
FTX Collapse: Binance Stores $2 Billion to Save Struggling Firms
The abrupt collapse of FTX continues to reverberate through the cryptocurrency industry. While it is still very early to determine the full repercussions of Sam Bankman-Fried’s crypto empire fi...
2-Year PoW Mining Ban Law Signed by New York Governor
11 seconds ago | 2 mins read Bitcoin News The state assembly approved the PoW mining measure in April of this year. Presently, the United States has the largest percentage of the global hash rate (37....
SEC Sued By Crypto-Focused Law Firm, Nouriel Roubini Tweets Sarcastic Comment
Yuri Molchan Prominent crypto hater slammed crypto firm that filed legal suit against SEC for harming crypto industry Contents “Crypto crooks now blame SEC” Roubini and Calvin Ayre tweet s...