Law Financial News

02.08 / 03:31

business Law regulation FTX Court Bankruptcy Jail SBF denies witness tampering in effort to avoid jail

Lawyers for Sam Bankman-Fried have denied that he attempted to intimidate witnesses in his criminal trial by talking to New York Times reporters and argued there is no reason to jail him.

02.08 / 02:17

business Law regulation FTX Court Bankruptcy exit creditors FTX creditors FTX creditors unimpressed with exchange's bankruptcy exit plan

A body representing FTX customers said it is “extremely disappointed” by the exchange’s draft bankruptcy exit plan and claims it was ignored by FTX’s restructuring team.

01.08 / 13:19

business Law Adoption privacy data privacy Future debate Worldcoin launch sparks debate over data privacy and future of AI

The controversial digital ID crypto project Worldcoin launched on July 24 after three years of development.

01.08 / 13:19

Blockchain Law regulation FTX FTX Token Restructuring Plan FTX.com releases restructuring plan, hints at rebooted offshore exchange

FTX.com has outlined its intended re-organization plan that will categorize claimants of the bankrupt exchange into specific classes and pave the way for the exchange to become re-operational as an offshore entity.

01.08 / 02:05

business Law Stablecoin Binance regulation ‘Let's just diversify and see' — Binance CEO on its stablecoin strategy

Binance CEO Changpeng ‘CZ’ Zhao is looking to bring smaller algorithmic stablecoins to the market, in a bid to offer investors options other than the current global stablecoin giants.

31.07 / 19:05

Law regulation crimes Worldcoin German Government German government watchdog launched Worldcoin probe in November 2022: Report

The Bavarian State Office for Data Protection Supervision, or BayLDA, reportedly began an investigation into human identity verification project Worldcoin based on concerns over biometric data.

31.07 / 14:57

Law regulation SEC Court SEC files complaint against HEX founder for allegedly offering unregistered securities

The United States Securities and Exchange (SEC) has filed a lawsuit against Richard Schueler, better known in the crypto space as Richard Heart, for alleged unregistered offerings of three tokens.

30.07 / 08:17

Blockchain Law Ripple XRP regulation SEC Lawyer Pro-XRP lawyer claims SEC prioritizes corporate capitalism over investors

Pro-XRP lawyer, John E. Deaton, has said that the actions taken by the Securities and Exchange Commission (SEC) against the crypto industry are driven by a broader motive to safeguard corporate capitalism rather than prioritizing the protection of investors.

30.07 / 07:29

Blockchain Law regulation FTX bail Leak DOJ seeks SBF's bail revocation over tampering, diary leak allegations

In a letter to Judge Lewis Kaplan, the United States Department of Justice (DOJ) sought the revocation of Sam Bankman-Fried's (SBF) bail, accusing him of attempting to tamper with witnesses, including leaking his ex-girlfriend's diary entries to the New York Times (NYT). These actions, connected to the FTX case, have raised concerns about witness interference.

29.07 / 07:51

business Law Binance regulation SEC SEC, Binance unite against Eeon’s lawsuit intervention

The response from the United States Securities and Exchange Commission (SEC) and crypto exchange Binance has been submitted regarding the entity "Eeon," which has sought to intervene on behalf of customers in the case. Both the SEC and Binance are against Eeon's petition to intervene, citing that it does not meet the necessary legal requirements for intervention and consent.

28.07 / 17:29

Law regulation FTX Court Fried Sam Sam Bankman-Fried's legal team turns over docs related to NYT story, requests they be sealed

Lawyers representing former FTX CEO Sam Bankman-Fried, also known as ‘SBF’, have requested the court seal documents related to his interviews with a New York Times reporter revealing details about his relationship with Caroline Ellison.

28.07 / 04:53

Law Stablecoin regulation Self Custody week 'Historic week' as stablecoin, self-custody bills advance to House floor

The House Financial Services Committee has advanced another two landmark crypto bills previously under consideration — with one aiming to better regulate stablecoin issuers and another seen as positive for crypto self-custody in the United States.

27.07 / 16:19

Law Stablecoin regulation Congress negotiations Stablecoin Bill Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations

United States House Financial Services Committee chair Patrick McHenry has pointed a finger at the Biden administration for the lack of bipartisan agreement on a stablecoin bill.

27.07 / 16:19

Law regulation Altcoin ICO EOS Court Block.one ICO damages ‘far beyond’ $22M, ENF founder says

The latest legal action against Block.one (B1), the creator and original seller of EOS (EOS), could potentially help plaintiffs get higher compensation, according to EOS Network Foundation (ENF) founder and CEO Yves La Rose.

27.07 / 12:09

Law Adoption Europe privacy European Union German political parties split on how to regulate increasing AI adoption

In April 2021, the European Commission presented its proposal for harmonized rules on artificial intelligence (AI), dubbed the Artificial Intelligence Act (AI Act). After the Council of the European Union and the European Parliament finalized their positions in December 2022 and June 2023, the legislative institutions entered a trilogue on the upcoming AI regulation.

27.07 / 03:29

business Law FTX Court Fried Sam Sam Bankman-Fried to have campaign donation charge dropped: Prosecutors

United States prosecutors have signaled they will drop a charge against FTX co-founder Sam Bankman-Fried, which had alleged he conspired to make unlawful campaign contributions.

27.07 / 02:15

Blockchain Law Adoption regulation white house committee Crypto bills pass congressional committee in 'huge win' for US crypto

A key United States House panel has approved a pair of bills that will be key to developing a regulatory framework for cryptocurrencies, reducing regulatory red tape for crypto, and setting clearer rules for the industry.

26.07 / 16:41

Government Law regulation Congress lawmakers US lawmakers US lawmakers invoke FTX and spar on direction of crypto bills

Members of the United States House Financial Services Committee seem to be divided on the best legislative path forward dealing with regulatory clarity for crypto and blockchain technology.

26.07 / 14:35

Blockchain Law regulation EOS Court EOS Foundation to sue Block.one on failure to honor $1B commitment

The EOS Network Foundation (ENF) is the latest entity to initiate legal action against major investor Block.one (B1) over failure to honor $1 billion investment commitments.

26.07 / 14:35

business Law regulation SEC Cybersecurity security SEC files charges against Quantstamp for $28M initial coin offering

Blockchain security firm Quantamp is set to return $28 million raised in a 2017 initial coin offering following charges brought by the United States Securities and Exchange Commission (SEC).

26.07 / 07:07

Law Ripple XRP regulation SEC Court Ripple Labs SEC appeal could amplify Ripple win, says Ripple Labs legal chief

Concerns of a potential appeal by the United States securities regulator to the landmark Ripple ruling earlier this month were shrugged off by Ripple’s chief legal officer Stuart Alderoty.

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