There’s been little sunlight this crypto winter, so it may seem odd to present the “Bitcoin as legal tender” argument again. That is, will or should any country — other than El Salvador and the Centra...
Tag: Legal
XRP Proponent Highlights How SEC May Win the Legal Battle, Calls It ‘Prima Facie Compelling’
The US Securities and Exchange Commission (SEC) and Ripple are engaged in a legal dispute that is still raging. The decision, which many believe will be made in the first half of 2023, might have an i...
Aviva, Tullow, PageGroup, Legal & General
The FTSE 250 index will be in the spotlight this week as several important firms publish their financial results. The index has pulled back to £19,925, which was lower than last month’s high of £20,58...
Prosecutors say SBF should only access approved websites. He wants Door Dash and the New York Post
Policy • March 4, 2023, 2:23PM EST Federal prosecutors are seeking to severely limit former FTX CEO Sam Bankman-Fried’s connection to the internet and technological access to a “flip phone...
Silvergate Bank to release nearly $9.9 million to BlockFi
A bankruptcy judge has ordered Silvergate Bank to release nearly $9.9 million to crypto lender BlockFi, days after the bank said it was “reevaluating its business” and could be “less than well-c...
Are Bitcoin Mixers and Coin Mixing Services Legal? – Cryptopolitan
Privacy when using bitcoin is one of the most discussed topics. Bitcoin cannot be considered anonymous because every transaction is recorded in the blockchain forever. Numerous studies have been condu...
Silvergate may be poorly capitalized, reevaluating strategy in light of ‘regulatory challenges’
Silvergate Capital Corporation told the U.S. Securities and Exchange Commission that it may be “less than well-capitalized” and said it was “reevaluating its business” in a filing with the agenc...
Celsius creditors tout NovaWulf deal as ‘best’ option
Legal • March 1, 2023, 5:57PM EST The Official Committee of Unsecured Creditors in the Celsius bankruptcy case said a proposed sale to NovaWulf Digital Management is “the best” option, according to a ...
Sam Bankman-Fried’s inner circle turns on him
A third member of FTX founder Sam Bankman-Fried’s inner circle pleaded guilty to criminal charges, significantly upping the legal peril for the embattled former CEO. Former FTX Director of...
U.S. Treasury convening regular Biden administration discussions on CBDC
Policy • March 1, 2023, 2:38PM EST The U.S. Treasury, Federal Reserve and White House officials “will begin to meet regularly” to talk about a possible central bank digital currency, said Nellie Liang...
Nexo user sues crypto lender, alleging millions in asset losses
Policy • March 1, 2023, 11:06AM EST A California resident filed a complaint against crypto lender Nexo citing harm from the firm’s “fraudulent inducement” to take out loans. John Cress had a N...
Ripple Vs SEC: The High-Stake Legal Battle – Can Ripple Set A Precedent For The Crypto Industry?
As the legal battle between Ripple and the Securities Exchange Commission (SEC) over the sale of XRP continues, the crypto community is anxiously awaiting the outcome. In the midst of this, LBRY, a bl...
SEC served subpoena to Robinhood shortly after FTX debacle
The U.S. Securities and Exchange Commission subpoenaed trading app and brokerage Robinhood over its cryptocurrency services, the company disclosed in an annual financial filing posted on Monday. ...
Voyager agrees to reserve $445m after suit from Alameda Research
Legal • February 27, 2023, 6:06PM EST Published 1 hour and 30 minutes earlier on Defunct crypto lender Voyager Digital agreed to reserve $445 million after the firm was sued by bankrupt trading firm A...
Terra legal update as of February 27, 2023
The collapse of Terra (LUNA) remains one of the high-profile incidents in the crypto space, with investigators attempting to piece together the role of founder Do Kwon in the crash. With Kwon having d...
Vauld gets yet another creditor protection extension until March 24
Published 40 minutes earlier on Asian crypto lender Vauld received a further extension to its legal protection from creditors at a Singapore High Court hearing on Monday — albeit a shorter delay than ...
SpankChain founder teases Tornado Cash ‘sequel’
Ameen Soleimani, the co-founder of SpankChain and Reflex Labs, has teased a revival of sorts for the controversial Ethereum transaction mixer, Tornado Cash. Soleimani’s tweet indicated the...
Legal Doomsday For Generative AI ChatGPT If Caught Plagiarizing Or Infringing, Warns AI Ethics And AI Law
Is generative AI such as ChatGPT ripping off our websites and human devised content? Be aware, be … [+] upset, be ready. getty Give credit where credit is due. That’s a bit of sage wisdom that y...
IMF says no crypto as legal tender — Community disagrees
The International Monetary Fund (IMF) recently made another anti-crypto move, opposing crypto becoming a legal tender. In response, crypto community members quickly fired back and expressed disagreeme...
Emojis count as financial advice and have legal consequences, judge rules
A United States District Court judge for the Southern District of New York ruled that emojis like the rocket ship, stock chart and money bags mean “a financial return on investment, ” according ...
IMF Board ‘Generally Agreed’ Crypto Shouldn’t Be Legal Tender
“Directors agreed that strict bans are not the first-best option, but that targeted restrictions could apply” to limit crypto risks, though some board members think “outright bans should not be ruled ...
Bankman-Fried asks court for more time to negotiate bail
Legal • February 24, 2023, 3:35PM EST Sam Bankman-Fried wants more time to negotiate his bail terms. The former FTX executive’s lawyers filed a letter on Friday requesting that a federal judge g...
What To Know About Mifepristone As Biden Administration Defends It From Legal Attack
Topline Vice President Kamala Harris spoke out Friday in defense of the abortion pill mifepristone as an ongoing lawsuit could soon bar it from distribution nationwide, potentially taking away million...
IMF Provides Guidance On Crypto Policies, Says Crypto Assets Should Not Be Legal Tender
The International Monetary Fund (IMF) has released a board paper that provides guidance on how countries should draft appropriate policies in relation to cryptocurrencies. According to a press releas...
IMF Suggests That Crypto Should Not Be Legal Tender
On Thursday, the IMF sent a worrying signal to the ecosystem that cryptocurrencies should not be “legal tender.” On Thursday, the Executive Board of the International Monetary Fund (IMF) released a st...
Crypto should not be given official currency, legal tender status – IMF
Ad The International Monetary Fund (IMF) warned that giving cryptocurrencies the status of legal tender or official currency could lead to adverse effects on the monetary sovereignty and stability of ...
SBF Legal Defense to Appoint Tech Expert as Court Mulls Amending Bail Conditions
Lawyers representing Sam Bankman-Fried, the disgraced founder of the FTX cryptocurrency exchange, consented to appoint an independent technical expert to consult the court on his bail conditions. “The...