Law Financial News

14.07 / 09:11

Law regulation community Celsius Fine Celsius 'pleased' with resolutions amid $4.7B FTC fine

Bankrupt crypto lender Celsius Network has posted that the company is pleased with the resolutions that it was able to reach with various United States government agencies. The announcement came after the news that the FTC has imposed a $4.7 billion fine on the company.

14.07 / 03:55

Law Adoption Binance Ripple XRP SEC coinbase Lawyers NOT XRP ruling a ‘watershed moment’ but we’re not out of the woods yet — Lawyers

Ripple Labs’ split-decision victory against the United States securities regulator is being seen as a significant blow to the regulator’s “war on crypto,” however, crypto lawyers warn it isn't a definitive victory for the industry or the firm y

14.07 / 03:55

Law Stablecoin regulation Circle Warning Circle CEO spells doom scenario for US dollar in warning to Congress

The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warns the CEO of Circle.

13.07 / 16:23

Law CFTC regulation Celsius US Attorney’s Office announces charges against former Celsius CEO Alex Mashinsky

The United States Attorney for the Southern District of New York and Federal Bureau of Investigation have announced fraud charges against the former CEO of bankrupt crypto lender Celsius, Alex Mashinsky.

13.07 / 09:41

Blockchain Law regulation SEC US industry watchdogs oppose draft bill on crypto market structure

An alliance of industry watchdogs based in the United States has united to express opposition to a proposed draft bill on the crypto market structure by the United States House Financial Services Committee.

12.07 / 22:47

Government Law CFTC regulation SEC Senators US senators reintroduce crypto bill aimed at comprehensive regulation

United States Sens. Cynthia Lummis and Kirsten Gillibrand will reintroduce legislation aimed at establishing a comprehensive regulatory framework for digital assets.

12.07 / 19:05

Law CFTC regulation crimes CFTC case against Digitex futures exchange and CEO results in $16M court order

A United States federal court has ordered Digitex CEO Adam Todd to pay roughly $16 million in disgorgement and penalties related to a Commodity Futures Trading Commission (CFTC) case.

12.07 / 17:09

Government Law regulation SEC policies Deal Prometheum Blockchain Association calls for investigation into Prometheum over alleged 'sweetheart' SEC deal

The United States-based crypto advocacy group Blockchain Association has submitted a letter to the Securities and Exchange Commission’s (SEC) Office of Inspector General calling for an investigation into crypto firm Prometheum.

12.07 / 10:35

business Law regulation Google privacy data Google hit with lawsuit over new AI data scraping privacy policy

Google is now facing a lawsuit in the follow-up to its recent privacy policy update that accuses the tech giant of misusing large amounts of data, including copyrighted material in artificial intelligence (AI) training.

12.07 / 08:41

business Law regulation Bankruptcy Celsius files lawsuit to recover $150M from staking platform StakeHound

Bankrupt crypto lender Celsius Network has filed a lawsuit against liquid staking platform StakeHound after the company allegedly failed to return $150 million worth of tokens owned by Celsius.

12.07 / 06:51

business Blockchain Law Adoption Ripple XRP SEC Bad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities

Ripple may be holding its breath a bit longer after a United States District Judge refused to rule on if the secondary sale of LBRY Credits (LBC) constitutes a security.

11.07 / 22:19

Law regulation Grayscale Court Grayscale resolves lawsuit with Fir Tree over proposed changes to Bitcoin Trust

Grayscale Investments has reached an agreement with New York-based investment firm Fir Tree Capital Management over its Bitcoin Trust.

11.07 / 20:49

Government Law regulation Derivatives UK treasury regulatory UK Treasury plans to exclude derivatives and 'unbacked' tokens from regulatory sandbox

The treasury department of the United Kingdom has proposed excluding unbacked cryptoassets and derivatives from its plans for a Digital Securities Sandbox.

11.07 / 06:57

business Law regulation SEC Court Bittrex SEC is ‘wrongfully attempting’ to police crypto markets — Paradigm counsel

Crypto investment firm Paradigm’s special counsel Rodrigo Seira has slammed the United States securities regulator for “wrongfully” pursuing crypto exchange Bittrex in an attempt to police secondary crypto markets.

10.07 / 19:57

Law ETF regulation Investments SEC Grayscale Bitcoin Lawyers Grayscale lawyers refer to SEC allowing Volatility Shares’ investment vehicle in push for ETF

Digital asset manager Grayscale has filed a letter in its lawsuit against the United States Securities and Exchange Commission (SEC) over the rejection of a spot Bitcoin exchange-traded fund (ETF), citing a possible precedent in furtherance of its case.

10.07 / 15:55

Law regulation Court Terraform Labs Terra Legal proceedings start for Terraform Labs co-founder in South Korea: Report

Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, has reportedly had his first hearing for charges related to allegedly illicit profits from the sale of Terra (LUNA).

10.07 / 12:53

business Law copyrights Machine Learning Meta ChatGPT Copyright Sarah Silverman sues Meta and OpenAI for copyright violations

The American comedian and author Sarah Silverman, along with two other authors Richard Kadrey and Christopher Golden, have filed lawsuits against Meta Platforms’ LLaMa and OpenAI’s ChatGPT over copyright infringement.

09.07 / 23:29

Law Court Sex worker wins in Nova Scotia court, but ruling leaves sex industry conflicted

In a legal decision described as the first of its kind in Canada, a Halifax sex worker successfully sued a client for nonpayment of services, but actors in the industry are conflicted about the ruling’s impacts.

09.07 / 20:03

business Law regulation Canada's court deem

A Canadian judge has ruled that the widely used thumbs-up emoji can affirm that a person is legally entering into a contract.

08.07 / 16:27

Law regulation SEC coinbase letter Coinbase was aware of securities law violations, the SEC claims in letter

According to a letter sent by the SEC on July 7 to a district judge, Coinbase had knowledge of the probability that federal securities laws would apply to its operations, openly informing its shareholders about the possibility of assets traded on its platform being classified as securities.

08.07 / 09:57

Law NFT Scams Court investigation Rug Pull ZachXBT’s research cited in Canadian NFT rug pull class-action lawsuit

The investigative work of independent blockchain sleuth ZachXBT has been cited in a class-action lawsuit in Canada against Boneheads, an alleged $3.1 million nonfungible token (NFT) rug pull.

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