Rising regulatory scrutiny isn’t coming between Coinbase and one of its banking partners, JPMorgan Chase. The cryptocurrency exchange and the Wall Street stalwart are sticking together am...
Tag: Legal
Bankman-Fried banned from using VPN, bail arguments set for Thursday
A judge banned Sam Bankman-Fried from using a VPN after the former FTX boss said he used a private network to watch the Super Bowl while under house arrest. “The defendant’s use of a VPN present...
Bankman-Fried used VPN to watch Super Bowl, will stop using private network until bail is settled
Former FTX CEO Sam Bankman-Fried used a VPN to watch the Super Bowl, but he has agreed to stay away from the tech until his bail terms are settled, Bankman-Fried’s lawyer wrote in a court filing on Tu...
Sinbad crypto mixing service may be Blender in disguise: Elliptic
A shuttered crypto transaction mixer once sanctioned by U.S. regulators may have returned under a new name, according to an analysis by crypto firm Elliptic. Elliptic said that on-chain data sho...
CFTC, SEC cases against Bankman-Fried to be pushed back until criminal case ends
Civil cases brought by U.S. regulators against former FTX CEO Sam Bankman-Fried can be pushed back until after a criminal case concludes, a judge decided Monday. Damian Williams, U.S. Attorney ...
SEC action against Paxos paints regulatory target on stablecoins
Stablecoins look to be the next part of the crypto ecosystem facing a regulatory crackdown. The U.S. Securities and Exchange Commission has issued notice to crypto infrastructure provider Paxos...
Paxos ‘categorically disagrees’ with SEC in calling BUSD a security
Paxos said it “categorically disagrees” with the U.S. Securities and Exchange Commission in calling Binance USD (BUSD) a security. The stablecoin issuer said it got an SEC Wells noti...
EU banks face strict crypto rules in new published legal draft
While more specific guidelines are being worked out, new restrictive rules for European Union banks have been confirmed in a publish legal draft. EU banks would be required to apply the highest possib...
US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal Battles – Bitcoin News
A new study on digital currency-related lawsuits since 2018 shows a 42% increase in crypto lawsuits in 2022. The highest number of claims in a single year was recorded last year, with 41 total claims ...
Coinbase’s Chief Legal Officer Claims Staking Services Not Securities
Exchange News Staking services do not constitute securities since they do not pass Howey test as per Paul. Grewal claims that neither crypto staking nor Coinbase’s offering fulfils any conditions. The...
Coinbase says its staking services are not securities
Missteps in regulating the technology underlying staking ecosystems may have serious — and negative — consequences, including forcing U.S. consumers to less-regulated foreign platforms, Coinbase Chie...
Crypto CEO pleads guilty to $250 million scam, SDNY says
Eddy Alexandre, the CEO of a purported cryptocurrency and currency trading platform called EminiFX, pleaded guilty to one count of commodities fraud and agreed to forfeit $248.8 million in addition to...
PayPal pauses stablecoin project amid Paxos probe: Bloomberg
PayPal’s putting work on its stablecoin on ice amid increasing regulatory scrutiny, Bloomberg News reported, citing a source. The news came a day after a report that the New York Departmen...
WazirX Declares The Allegations From Binance “False And Misleading,” And Plans To Take Legal Action
Join Our Telegram channel to stay up to date on breaking news coverage According to a Tuesday blog post by WazirX, an Indian cryptocurrency exchange, “accusations made by Binance on their blog are unt...
WazirX’s Comeback on Denial of Wallet Services Threatens Binance with Legal Action
The opaque and intriguing ownership of the Indian crypto exchange WazirX continues to baffle investors and crypto honchos alike. Over the past two weeks, Binance and WazirX top executives once again c...
SEC’s targeting of Kraken staking program sends shockwaves through industry
The Securities and Exchange Commission’s move to charge crypto exchange Kraken with failing to register the offer and sale of its “crypto asset staking-as-a-service program” signals an aggressive new ...
Venture capital expected to see more regulatory scrutiny after FTX
Throughout 2022 multiple crypto firms filed for bankruptcy. Then came FTX. The Commodity Futures Trading Commission’s Christy Goldsmith Romero spoke about a “trust deficit” am...
CFTC can take steps now to protect crypto customers: Johnson
The Commodity Futures Trading Commission’s Kristin Johnson said the agency should consider steps it can take under its current regulatory authority to protect customers following the failure of FTX. ...
Bankrupt crypto giant FTX racks up millions in legal and consulting bills
Going broke isn’t cheap. Troubled crypto exchange FTX and its affiliated companies racked up more than $20 million in legal and consulting bills during the first several months of its ban...
Bankman-Fried appeals judge’s decision to reveal bond co-signers
Sam Bankman-Fried is fighting to keep the names of the two people who co-signed his bond a secret. The former FTX CEO appealed a judge’s decision to unseal the names of the two co-signers in a ...
Judge denies Bankman-Fried’s bail modification ahead of Thursday hearing
A U.S. District judge rejected Sam Bankman-Fried’s request to modify his bail terms and cancel a Thursday hearing on the issue, according to court documents filed on Tuesday. Bankman-Fried agree...
Bitcoin mining company Layer1 caught up in internal legal battle
Layer1 Technologies CEO John Harney and DGF Investments Inc. have filed a lawsuit against Jakov Dolic and Tobias Ebel, the other board members of the bitcoin (BTC) mining firm for allegedly looting th...
Former Coinbase product manager pleads guilty to criminal charges in landmark case
A former Coinbase product manager pleaded guilty on Tuesday to wire fraud charges in a criminal case brought against him. The Justice Department indicted Ishan Wahi in July, alongside his broth...
Legal Counsel for Sam Bankman-Fried Agrees to Stop Use Messaging Apps
3 hours ago | 2 mins read Editors News Sam Bankman- Fried agreed to stop using Signal and other encrypted messaging apps. SBF will be able to access FaceTime, Zoom, iMessage, SMS text, email, and Face...
Gatorade Color, Coin Toss And ‘Scorigami’ Among The Oddest Legal Wagers You Can Make This Year
Topline More Americans than ever will be able to bet on the Super Bowl this year, and their options will go far beyond the point spread, with everything from the opening coin toss to the color of the ...
The Collapse Of The Legal System In Afghanistan
In January 2023, United Nations reported on the dire situation of lawyers, judges, prosecutors and other actors involved with the legal system in Afghanistan, over a year after the Taliban takeover of...
‘And then 2022 happened’: I borrowed $500,000 from friends and family to invest in the stock market, foolishly promising a 10% return. Can I avoid legal action?
Dear Quentin, I am a budding options/futures trader with my own sole proprietor investment business. Heading into 2022, I took on a large cash infusion of $500,000 from friends and family under the g...