Law Financial News

06.06 / 20:32

Law regulation Banks Congress Senate Warren’s alleged work with short-seller shows anti-crypto army heating up

What do progressive Democrats, Republican national security hawks and Wall Street traders have in common? They are all apparently enlisting in United States Senator Elizabeth Warren’s “anti-crypto army.” The progressive senator’s reported alliance with Marc Cohodes, a Wall Street short-seller who profited from the recent carnage at crypto banks, is the latest example.

06.06 / 17:57

Law Twitter regulation FTX lawsuits FTX lawsuits see crypto firms, influencers dial back endorsement deals

Crypto influencers are taking an extra cautious approach to endorsement deals since the collapse of crypto exchange FTX last year, which has seen several celebrities hit with a lawsuit for their alleged role in its promotion.

06.06 / 17:29

Law regulation lawmakers ‘Crypto Tsar’ needed to ensure coordinated approach in the UK: EU lawmakers

A parliamentary group in the United Kingdom has published its recommendations to the government for the crypto and digital asset sector. The list of recommendations includes the appointment of an official who will ensure a coordinated regulatory approach to crypto and digital assets.

06.06 / 16:53

business Law regulation Asia exchanges regulatory Hong Kong’s regulatory lead sets it up to be major crypto hub

Hong Kong — officially the Hong Kong Special Administrative Region of the People’s Republic of China — is a city of over seven million residents on the eastern Pearl River Delta in South China. The city is known for being pro-innovation and technology, and over the past year, it has introduced legislation to promote and adopt cryptocurrencies.

06.06 / 16:22

Blockchain Law coinbase sec lawsuit Breaking: Coinbase targeted by state security regulators concurrent to SEC lawsuit

According to a statement published by the Alabama Securities Commission on June 6, a multi-state task force comprising of state regulators from Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Caroline, Vermont, Washington, and Wisconsin have issued a Show Cause Order against cryptocurrency exchange Coinbase. The order alleges that "Coinbase violates the securities law by offering its staking rewards program accounts to Alabama residents without a registration to offer or sell these securities."

05.06 / 23:46

business Law Adoption Ripple XRP SEC Lawyer Ripple case: Pro-XRP lawyer tips outright SEC victory at ‘less than 3%’

Pro-XRP lawyer John Deaton has tipped less than a 3% chance for the United States Securities and Exchange Commission to score an outright win against Ripple, as an end to the long-running lawsuit draws closer.

05.06 / 08:24

Law regulation FTX Court Bankruptcy FTX debtors FTX debtors object Genesis' 'critical' claim estimate of '$0.00'

Just a month after bankrupt cryptocurrency exchange FTX was seeking $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a claim that it is entitled to nothing.

02.06 / 20:31

Law defi Uniswap Losses from crypto rug pulls outpaced DeFi exploits in May: 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.

02.06 / 08:25

Law regulation Digital Currency Group DCG asks judge to consolidate class-action suits to avoid conflicting decisions

Venture capital firm the Digital Currency Group (DCG) and its CEO Barry Silbert have requested to consolidate two class-action lawsuits over alleged losses during the crypto winter.

01.06 / 17:39

Dogecoin Law regulation crimes elon Dogecoin investors accuse Elon Musk of insider trading in amended class-action lawsuit

A group of Dogecoin (DOGE) investors has requested leave to amend a class-action lawsuit against soon-to-be former CEO of Twitter Elon Musk, alleging he manipulated the price of the meme token.

01.06 / 14:01

Law Adoption Court Bitcoin Increasing number of divorce proceedings involve crypto

Most crypto investors probably aren’t thinking about divorce or what will happen to their digital assets in the event of separation, but lawyers say it’s becoming a very common scenario as more people hold crypto assets.

01.06 / 12:39

Government Law regulation us government Taxes Bitcoin Does the US have a crypto ‘tax loophole’ problem?

The crypto sector appears to have dodged another bullet. At the time of publication, the United States has reached a political agreement to raise its debt ceiling, avoiding a calamitous default on its obligations, and this resolution probably won’t include any new taxes on cryptocurrencies.

01.06 / 07:07

Government Law regulation ChatGPT consultation Australia asks if ‘high-risk’ AI should be banned in surprise consultation

The Australian government has announced a sudden eight-week consultation that will seek to understand whether any “high-risk” artificial intelligence tools should be banned.

31.05 / 19:35

Law regulation European Union Framework EU officials sign Markets in Crypto-Assets framework into law

Officials with the European Union have signed the Markets in Crypto-Assets, or MiCA, bill into law following final approval from finance ministers.

30.05 / 21:45

Blockchain Law privacy Court Research Bitcoin Courts Researchers propose new scheme to help courts test deanonymized blockchain data

A team of researchers from Friedrich-Alexander-Universität Erlangen-Nürnberg recently published a paper detailing methods investigators and courts can use to determine the validity of deanonymized data on the Bitcoin (BTC) blockchain.

30.05 / 20:51

business Law Bitcoin Regulation exits regulatory Crypto exchange Bybit exits Canada, citing ‘recent regulatory development’

Cryptocurrency exchange Bybit has announced it will be pausing its products and services to residents and nationals of Canada following certain developments in the regulatory space.

30.05 / 14:39

Government Law regulation us government Bitcoin What the ‘anti-mining bill’ means for the crypto industry in Texas

In late April, over a hundred people gathered near the Texas Capitol building to protest.

30.05 / 12:27

Government Law regulation Texas legislative session winds down with crypto bills still in limbo

The 88th legislative session for the government of the state of Texas will end on May 29 without any resolution to certain bills affecting aspects of the digital asset space.

30.05 / 12:27

Law regulation sanctions Bitcoin National Russia scraps plans for a national cryptocurrency exchange

The Russian government is no longer planning to launch a regulated national cryptocurrency exchange but rather wants to regulate multiple crypto trading platforms.

30.05 / 12:27

Government Law regulation Europe European Union Opinion UK government The EU is watching your wallet, but it still beats the US for crypto

Millions of American television viewers, including those watching the NBA Finals, will soon see a new national ad campaign run by Coinbase. Titled “Moving America Forward,” the campaign is focused on explaining crypto and illustrating how it can help “update the system.” The ads add to the increasing pressure the company is putting on the United States Securities and Exchange Commission for clarity on digital assets. But no company can operate without a backup plan, which explains why Coinbase also secured a license in Bermuda in April to operate an offshore exchange.

29.05 / 06:39

Law Airlines Report Court Lawyer Lawyer uses ChatGPT in court and now 'greatly regrets' it

A New York attorney has been blasted for using ChatGPT for legal research as part of a lawsuit against a Columbian airline.

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