Law Financial News

26.07 / 04:27

business Law Binance Court Miami Heat’s Jimmy Butler seeks dismissal from Binance promo class suit

Professional basketball player Jimmy Butler has asked to be dismissed from a class-action lawsuit targeting celebrities involved in the alleged promotion of unregistered securities by Binance, saying tweets he appeared in did not promote the named securities.

25.07 / 22:21

Law Twitter regulation Microsoft Meta rebrand Trademark attorney predicts legal fights ahead with Twitter’s rebrand to X

Josh Gerben, a trademark attorney with Gerben Intellectual Property, has suggested the company formerly known as Twitter could spend upward of $100 million in dealing with litigation as a result of the X rebranding.

25.07 / 19:19

Law regulation crimes Celsius Judge gives US prosecutors until Oct. 3 for discovery in case against Alex Mashinsky

Attorneys with the United States Department of Justice have extra time to make discovery and give former Celsius CEO Alex Mashinsky’s defense team time to review related documents.

25.07 / 06:53

Law regulation bills Future fall US crypto's future could fall on these 4 digital asset bills

Since 2022, there have been at least 50 digital asset bills reportedly introduced to Congress, aiming to govern everything from stablecoins to the jurisdictions of United States regulators.

24.07 / 14:57

Law Adoption SEC us government Court What criminal charges for Celsius ex-CEO mean for crypto industry

Celsius was one of the top lenders in the crypto ecosystem during the bull market in 2021. At its peak, it served 1.7 million customers and managed $25 billion in assets.

24.07 / 06:17

business Law regulation FTX Court Bankruptcy Fried FTX’s Bankman-Fried seeks gag order for all witnesses in criminal case

Former FTX CEO Sam Bankman-Fried has agreed to a “gag order” which will prevent him from making comments to third parties that may interfere with his trial — but argues it should apply to all potential witnesses as well, including current FTX CEO John Ray.

24.07 / 02:27

Law Ripple regulation Altcoin SEC Court Ripple CEO Brad Garlinghouse: ‘The SEC created this mess’

Ripple CEO Brad Garlinghouse has condemned the United States securities regulator over recent comments from its lawyers that hint at a possible appeal to its case against Ripple.

22.07 / 05:53

Law regulation SEC security Court Ripple Labs SEC hints at potential appeal to XRP ruling from Ripple Labs lawsuit

The U.S. Securities and Exchange Commission has suggested that it may appeal a recent ruling on the Ripple Labs lawsuit, which deemed XRP to not be a security when sold to retail investors.

21.07 / 20:35

Law Ethereum NFT defi DEX Polygon Uniswap centralized exchanges Centralized exchanges will become gateways for DeFi: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

21.07 / 15:57

Law regulation Bitfinex crimes Money laundering Deal Couple behind Bitfinex money laundering scheme reach plea deal with US prosecutors

The husband and wife alleged to have laundered billions of dollars worth of Bitcoin connected to the 2016 Bitfinex hack have reached a plea agreement with authorities in the United States.

21.07 / 12:39

Law cryptocurrency CFTC SEC us house House Republicans Financial US House Republicans Introduce Landmark Bill for Regulating Crypto: The Financial Innovation and Technology for the 21st Century Act

On Thursday, Senior House Republicans presented legislation to resolve the regulatory ambiguity surrounding the digital asset industry.

21.07 / 04:45

Blockchain Law defi regulation white house Coin Center and Blockchain Association slam ‘unworkable’ US Senate DeFi bill

Crypto industry advocacy bodies have slammed a newly proposed United States Senate bill for what they say is a confused approach to regulating the decentralized finance (DeFi) sector.

18.07 / 22:05

Law regulation Court hearing place Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing

The Eighth Judicial District Court of Nevada has granted a petition from the state’s Financial Institutions Division (NFID) placing crypto custodian Prime Trust into receivership, pending a hearing to show cause.

18.07 / 20:23

Law regulation Europe Analysis European Union Opinion Bitcoin Regulation The EU Commission’s strategy on Web4 is a flop

On July 11, the European Commission formally adopted its new strategy on Web4 and virtual worlds with the aim of ensuring “an open, secure, trustworthy, fair and inclusive digital environment” for European Union citizens. The strategy is based on four main pillars, revolving around the empowerment of human resources, support of businesses, further development of public services, and shaping of global standards for “Web 4.0” — a freshly coined term that attempts to preempt the next technological wave.

17.07 / 03:51

business Law Ripple XRP SEC Congress Court Ripple case: SEC appeal unlikely as it gains from 'current confusion' — Haun Ventures CEO

A former federal prosecutor turned chief executive of a crypto-focused venture capital fund says she would be “surprised” if the United States securities regulator lodges an immediate appeal against the Ripple case ruling, as it currently benefits from lack of “legal clarity.”

15.07 / 13:21

Law Binance regulation SEC Bitcoin Customers Binance customers represented by entity, citing inadequate representation

A third-party entity named "Eeon" has stepped forward to intervene in the case, representing the interests of Binance's customers regarding the lawsuit filed by the United States Securities and Exchange Commission (SEC) against Binance.

15.07 / 03:09

business Law IPO regulation SEC coinbase Court NOT Allowing Coinbase to go public was not a 'blessing' of the business: SEC

The U.S. Securities and Exchange Commission (SEC) has argued in court that approving a firm's S-1 application to go public, does not represent a “blessing” from the agency, nor provide a verification that the business is regulatory compliant.

14.07 / 23:15

Law Ripple XRP regulation coinbase Opinion Court Time It’s time for the SEC to settle with Coinbase and Ripple

In every major litigation, there comes a moment when you realize it’s time to settle. A ruling doesn’t go your way, a juror gives your legal team the side eye, the judge makes it clear it’s time for a settlement conference. After Judge Analisa Torres’ decision in SEC v. Ripple, the time has come for the United States Securities and Exchange Commission to settle the remainder of its case against Ripple Labs — as well as its case against Coinbase.

14.07 / 22:11

Law regulation coinbase services Coinbase pauses staking services in four US states following regulators' orders

United States-based cryptocurrency exchange Coinbase has announced it will be temporarily stopping customers from staking additional assets in four states amid legal proceedings from local regulators.

14.07 / 17:03

business Law lending crimes Celsius Everything that's happened with Celsius and Alex Mashinsky so far

On July 13, authorities arrested Alex Mashinsky, the former chief executive officer of Celsius Network. He faces criminal and civil charges stemming from his time at the cryptocurrency lending platform, which he helped co-found in 2017.

14.07 / 14:27

Law Adoption regulation Europe privacy Central Bank United Kingdom’s digital pound meets public backlash — Why?

British society is both civil and democratic, so it wasn’t unexpected that the government of the United Kingdom would “consult” the public before signing off on a digital version of the British pound. The response it received may have been surprising, though.

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