The New York District Attorney General (NYDA), Letitia James, filed a lawsuit against crypto exchange KuCoin. According to a document filed with the Supreme Court of the State of New York against two ...
Tag: precedent
Critic Says Yuga Labs Bitcoin NFTs Auction Sets ‘Really Bad Precedent’
Yuga Labs Bitcoin NFT offering has kicked off with a bang. The firm behind Bored Ape Yacht Club (BAYC) NFTs opened bids for its first 300-piece Bitcoin NFT collection, called TwelveFold, early Monday ...
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...
Bitboy Crypto Calls Out Exchanges To Relist XRP Following LBRY Precedent
Following the Securities and Exchange Commission’s complaint against Ripple Labs, the XRP token’s developer, several cryptocurrency exchanges have delisted trading in the token this week. Trading in t...
How New Jersey’s Potential NFT Regulation Can Set Poor Precedent
For the first time, we’re seeing an individual U.S. state (in this case, New Jersey) pursue NFT-specific regulation in what is bound to be a messy situation. A state bill, titled the ‘Digital Asset an...
SBF trial could set precedent for the crypto industry
After the collapse of major cryptocurrency exchange FTX in November 2022, former CEO Sam “SBF” Bankman-Fried was arrested by Bahaman authorities on Dec. 12. Just a day later, the United States Securit...
Ripple’s Case Could Set The Precedent For The Future Of Altcoins, Says Atty. John Deaton
In the Ripple v. SEC case, several fresh documents have been filed. Judge Torres has received many briefs since the deadline for all non-parties to submit their applications to seal was January 4. Fi...
Celsius Bankruptcy Ruling Could Set Precedent for FTX
A U.S. judge has determined that certain customers of bankrupt crypto lender Celsius Network are entitled to receive their deposits back. Celsius Network was among the larger crypto platforms to go ba...
Tether freezes $46M of FTX’s USDT, setting new precedent
According to blockchain transaction data provided by WhaleAlert on Nov. 10, Tether appears to have frozen 46,360,701 USDT (USDT) ($46,274,472) owned by troubled cryptocurrency exchange FTX in its Tron...
New Hampshire Court Sides With SEC in Lawsuit Against LBRY, Project’s Team Says Loss Sets a ‘Dangerous Precedent’ – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has won a court case against the blockchain-powered publishing platform LBRY. According to a New Hampshire district court ruling, Judge Paul Barbadoro...
Ethereum Merge ‘Sets Precedent for Further Change’: StarkWare President Ben-Sasson
StarkWare’s President Eli Ben-Sasson said last month’s merge event was like “watching the Webb Telescope unfold,” comparing Ethereum’s historic upgrade with the launch of the largest optical tel...
SEC’s Bizarre New Claim About Ethereum May Set Dangerous Precedent
The war between Ethereum and SEC does not cease to exist. The Securities and Exchange Commission is currently trying to establish its authority over the crypto industry. The SEC claims that almost all...
Cardano Founder Believes Tornado Cash Banning by the U.S is Setting Dangerous Regulatory Precedent
Commenting on sanctions levied on Tornado Cash by the US government, Charles Hoskinson, founder of Cardano, said it is a ‘dangerous regulatory precedent.’ To the unfamiliar, the U.S Treasury Departmen...
Cardano Founder Charles Hoskinson Says Tornado Cash Sanctions Set Extremely Dangerous Precedent
Cardano founder Charles Hoskinson says that the US government banning Tornado Cash sets a dangerous regulatory precedent. Earlier this month, the U.S. Treasury Department banned Americans from using t...
The House Bill Friday For Travel Between States For Abortion Recalls Venerable Supreme Court Precedent
Reuters reported late today: “The U.S. House of Representatives on Friday passed legislation to safeguard the right to travel across state lines to seek an abortion after several states banned the pro...
A Key Precedent May Sustain Negotiation To Keep Down Medicare Drug Prices
Medicare drug price negotiation, which holds down prices, may emerge from the long-quiet Senate negotiations on an omnibus policy (“Build Back Better”) bill. On this issue, there has been a back-room ...
Russian Court Recognizes Cryptocurrency as Means of Payment, Prosecutors See Precedent – Regulation Bitcoin News
The City Court of St. Petersburg has recognized a large amount of cryptocurrency handed over by the victim in an extortion case as a means of payment, Russian media reported. The prosecutor’s office i...
Brazilian Crypto Exchange Refunds TerraUSD (UST) at $1 for Customers, a New Precedent Set?
A cryptocurrency exchange in Brazil has taken the unprecedented step of spending its own money to refund customers for their TerraUSD coins at the full rate. According to reports in local media on May...
Ethereum co-founder says every ‘average smallholder’ impacted by Terra’s stablecoin crash should be made whole, cites FDIC’s $250,000 as ‘precedent’
The Terra ecosystem completely unraveled last week, taking much of the cryptocurrency market down with it. Its algorithmic stablecoin TerraUSD (UST) crashed far below its $1 peg, and its sister token ...
In Huge Precedent, IRS Says It Will Not Tax Unsold, Staked Crypto
In court filings expected to made public Thursday, the IRS declared it would refund $3,293 in income tax (plus statutory interest) to a Nashville couple who had paid the amount on 8,876 Tezos tokens t...
Hermès NFT Lawsuit Against Mason Rothschild Will Be Legal Precedent
The beginning to what could be a long, drawn-out battle over Mason Rothschild’s ‘MetaBirkins’ NFT collection has attracted legal trouble by Hermès, the sole authorized distributor of BIRKIN, presentin...