Despite industry pushback, the U.S. Treasury is not giving an inch in the fight over its sanctions on Tornado Cash. The Treasury’s Office of Foreign Asset Control has in fact added a desi...
Tag: Legal
Twitter sued in class action lawsuit over mass layoffs without proper legal notice
Twitter is being sued for not giving employees advance notice of a mass layoff that began in earnest early Friday. The lawsuit alleges that Twitter violated worker protection laws, including the feder...
Crypto Giants Get Hugely Involved In The US Election Campaign Donations To Bypass Legal Scrutiny
As the US midterm elections are around the corner, crypto giants of the space have come up investing massively in electoral campaigns to immensely influence the Republican and Democratic parties. A wi...
12 independent entities pledge legal support for Ripple
Fintech firm Ripple is garnering more support from the crypto and finance industry in its ongoing battle with the United States Securities and Exchange Commission (SEC). On Nov. 4, Ripple CEO Brad Gar...
SEC charges Trade Coin Club in alleged $295 million bitcoin Ponzi scheme
The Securities and Exchange Commission filed a case against the operators of Trade Coin Club, which they allege to be a massive crypto Ponzi scheme. The SEC’s complaints outline a scheme ...
Amicus Briefs Are Boosting Ripple’s Case and Weakening SEC’s Arguments in XRP Lawsuit, Says Crypto Legal Expert
Crypto legal expert Jeremy Hogan says the amicus briefs filed in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple are harming the SEC’s case. Hogan says the amicus briefs are...
AI Ethics And AI Law Just Might Be Prodded And Goaded Into Mandating Safety Warnings On All Existing And Future AI
Latest buzz is that AI ought to have a warning or safety sign to let humankind know they are dealing … [+] with AI. getty Your daily activities are undoubtedly bombarded with a thousand or more ...
SEC chair highlights crypto enforcement cases to legal experts
United States Securities and Exchange Commission Chair Gary Gensler cited major enforcement actions against crypto firms as part of the “economic realities” of securities regulation. In written remark...
SEC may lose against Ripple: Legal Experts
As per the legal advisors of crypto, in the continuing battle of SEC and Ripple, the Securities Exchange Commission can face a displeasing defeat. The judgement against that authority will possibly r...
Ripple vs SEC : U.S. Legal Experts Expect SEC To Lose The Case Against Ripple
According to a Forbes report, some legal experts believe the agency (SEC) had entirely failed to establish its case against Ripple’s XRP. Thousands of retail XRP holders who became involved in the cas...
Legal Experts Believe the SEC to Face Massive Defeat in Lawsuit Against Ripple
According to many crypto experts, the United States Securities and Exchange Committee is likely to suffer a tremendous setback in the ongoing Ripple vs SEC lawsuit. A judgment against the regulator co...
5 Legal Threats Do Kwon Faces Since Terra’s Collapse
Do Kwon is facing three lawsuits in the US and one in Singapore The 31-year-old entrepreneur is set to lose his home country’s passport Do Kwon, Terraform Labs’ founder, shows up to select interviews ...
Hong Kong: Latest regulatory update might make retail crypto-trading legal soon
Hong Kong regulators have disclosed plans to investigate exposing the cryptocurrency sector to ordinary investors. According to a government announcement this morning, the Securities and Futures Commi...
Hong Kong To Soon Make Crypto Trading Legal for Retail Investors
On Monday, October 31, the government of Hong Kong came up with an official policy document that would legalize retail crypto trading in the region. Over the last week, there have been some key develo...
SushiSwap to Create Legal Entities in Panama
SushiSwap will establish physical entities in Panama They aim to avoid future legal concerns SushiSwap and other decentralized autonomous organizations (DAOs) are preparing to enhance their legal fram...
Web3 Foundation Chief Legal Officer Slams European Commission Directive on Crypto
Vladislav Sopov Daniel Schönberger, CLO of Web3 Foundation, Zug-based nonproft behind Polkadot (DOT) and Kusama (KSM), is concerned about new EU regulation Contents Product Liability Directive is too ...
SushiSwap Restructures DAO To Avoid Legal Troubles
The restructuring of the SushiSwap protocol has created three separate DAOs that will be based in Panama and the Cayman Islands. SushiDAO Votes 100% For Restructuring The legal structuring proposed t...
AI Law And AI Ethics Are Giving Thumbs Up To AI That Can Sniff Out Unsavory Legal Smells Embodied In Our Laws
Using AI to detect legal smells and seek to improve our laws and the rule of law. getty That law stinks! I’m sure that you’ve said something along those lines at one point or another in your life. Per...
Sushi DAO approves proposal to evolve into 3 legal entities
Sushi DAO has unanimously approved a proposal to set up three legal entities in Cayman Island and Panama to manage the affairs of the protocol. Development activities in SushiSwap are managed by its c...
SushiSwap to Create Legal Entities in Panama And Cayman Islands
With regulators displaying greater interest in cryptocurrency, SushiSwap and other DAOs are gearing up to improve their legal structures to avoid unnecessary penalties or lawsuits. On October 26, Sush...
DAOs Rush To Restructure To Avoid Legal Liability
SushiSwap, SafeDAO and Uniswap have all altered their legal structures in recent months New DAO legal structures are functionally very similar to LLCs, crypto lawyers say Major DAOs are moving to adop...
Google Agrees To Boost Compliance Program in DOJ Legal Battle
The case fuels debate over whether US tech companies should turn over data held on systems outside the country A compliance monitor will ensure Google fulfills its legal obligations The US Department ...
Australian watchdog launches legal action against BPS for misrepresenting ‘crypto’ token Qoin
The Australian Securities and Investment Commission (ASIC) has launched legal action against BPS Financial Pty Ltd (BPS) over engaging in unlicensed conduct and misleading representations about its cr...
Ripple vs SEC: Legal Battle Approaches Final Ruling
Both Ripple and the SEC have each countered the other’s motions for summary judgments, in the ongoing lawsuit’s latest development. Earlier, Ripple and the Securities and Exchange Commission had each ...
Ripple Lawyers Merge the Last Piece with Legal Puzzle
Since the duo of blockchain payments firm Ripple Labs Inc and the United States Securities and Exchange Commission (SEC) requested an expedited judgment per its long-protracted lawsuit, more updates h...
Voyager urges creditors to vote yes on court-approved FTX sale
A bankruptcy judge in the Southern District of New York has approved Voyager’s plan to sell its assets to FTX, setting the stage for an upcoming creditor vote. Judge Michael Wiles signed the ass...
Vauld seeks another four months of protection against creditors
Troubled Asian crypto lender Vauld needs more time to sort out its financial problems, as the firm has applied for another four months of protection against creditors, according to court documents obt...
SEC Files Legal Memos Against Ripple
The U.S. Securities and Exchange Commission (SEC) finally surrendered the crucial Hinman Speech related documents to the Defendants. However, just after taking this major decision, the commission went...
Duo behind Silk Road takedown back fighting crypto crimes with Naxo
The new sheriff in town features some familiar faces. Naxo, a newly-launched cybersecurity firm, was co-founded by former FBI special agent Chris Tarbell and computer scientist Matt Edman. They both p...
Opinion: 10 powerful (and legal) investing lessons you can learn from the most ruthless Gilded Age robber baron
About the only thing people remember about Jay Gould, the biggest robber of the Robber Barons, is Black Friday, the day in September 1869 when he blew up the stock market – and just about every other ...