Law Financial News

10.05 / 20:07

Law CFTC regulation SEC lawmakers hearing US lawmakers US lawmakers hold EU and UK as examples of crypto regulation in joint hearing

Some members of the United States House of Representatives’ Financial Services and Agriculture Committees pointed to crypto asset frameworks being employed outside the country when discussing regulatory gaps at home.

09.05 / 19:55

Law regulation Sport FTX Shaquille O'Neal claims process servers 'tossed' FTX legal papers at his moving car

Lawyers for NBA star Shaquille O’Neal, who previously endorsed the now-bankrupt crypto exchange FTX, have claimed two process servers inadequately delivered legal documents after previously failed attempts.

08.05 / 20:05

Government Law regulation lawmaker South Korean lawmaker allegedly cashed out while legislating on crypto: Report

Kim Nam-kuk, a member of South Korea’s National Assembly, reportedly liquidated more than $4 million worth of crypto prior to lawmakers in the country enforcing the Financial Action Task Force’s “Travel Rule”.

06.05 / 05:45

Law regulation SEC security whistleblower SEC issues record whistleblower award of $279M

The U.S. Securities and Exchange Commission (SEC) has issued its largest-ever whistleblower award totaling $279 million.

05.05 / 16:49

Law regulation crimes ATM Financial UK financial watchdog announces inspections against sites with suspected illegal crypto ATMs

The United Kingdom’s Financial Conduct Authority, or FCA, has announced the inspection of sites across the country “suspected of hosting illegally operated crypto ATMs.”

05.05 / 15:35

Government Law regulation New York AG's office seeks additional authority over crypto firms

Letitia James has reportedly proposed legislation that would give the New York Attorney General’s office more authority to regulate the crypto industry.

05.05 / 10:13

Law Binance regulation financing place compliance Binance Addresses Compliance Concerns, Claims Robust Measures in Place to Prevent Terrorism Financing

Leading cryptocurrency exchange Binance has responded to a Reuters report that raised questions about its compliance policies for preventing and tackling cryptocurrency-based financing of terrorism.

05.05 / 04:23

Law regulation Terra class action Terraform Labs seeks to dismiss class action arguing US laws don’t apply

Terraform Labs is seeking to have a class action lawsuit against the firm dismissed, arguing the United States securities laws referenced are not applicable to its foreign-developed protocols.

04.05 / 21:45

Law Mining regulation Montana governor signs pro-cryptocurrency mining bill into law

Greg Gianforte, the Governor of Montana, has signed into law a bill largely preventing local governments in the state from passing laws prohibiting cryptocurrency mining.

04.05 / 19:45

Law regulation FTX Bankruptcy LedgerX FTX bankruptcy judge approves sale of LedgerX

The judge presiding over crypto exchange FTX’s bankruptcy case has given the green light to a motion allowing the sale of LedgerX.

04.05 / 17:09

Law CBDC Payments regulation North Carolina House passes bill banning CBDC payments to the state

The House of Representatives for North Carolina has unanimously passed legislation aimed at prohibiting payments to the U.S. state using a central bank digital currency, or CBDC.

04.05 / 06:41

business Law Bloomberg Court Media Financial Times The New York Times Mainstream media renew push for non-US FTX user identities

Four media outlets in the United States have continued efforts to get the identities of non-U.S. FTX customers revealed, filing new objections to a previous motion to seal their identities.

03.05 / 21:13

Law Robinhood regulation Trading Returns Robinhood returns to court to defend position in case brought by US state regulator

Lawyers representing cryptocurrency and stock trading app Robinhood faced off against those for the secretary of the commonwealth of Massachusetts over the legality of a state regulation that could affect how the company markets itself to potential investors.

03.05 / 16:15

Law regulation Dark Web Global Dark Web Crackdown: 288 Arrested, Drugs, Guns, and Crypto Seized

The US and international law enforcement have made 288 arrests and seized over $53 million in cash and cryptocurrency as part of a major dark web crackdown.

03.05 / 14:35

Government Law Adoption regulation privacy Decentralized Exchange Decentralization US regulators Will compromise on anonymous crypto appease US regulators, spur adoption?

Cryptocurrencies were designed to be anonymous or pseudonymous, so there is an inherent tension when protocols come up against jurisdictional authorities.

03.05 / 06:19

Law Twitter regulation FTX Influencer Crypto influencer named in FTX lawsuit served via tweet

A cryptocurrency YouTuber has been served a lawsuit through a tweet after a United States court allowed the action as lawyers claimed they couldn’t serve him through other means.

03.05 / 05:13

business Law regulation fees FTX Bankruptcy FTX advisors billed the bankrupt firm for a whopping $103M in Q1

The lawyers and consulting firms assisting cryptocurrency exchange FTX through its bankruptcy proceedings are set to cash in a total of $103 million over the first quarter.

02.05 / 13:41

Government Law Adoption SEC coinbase Kraken Crypto Staking boost SEC crackdown on crypto staking in the US could boost decentralization

The Ethereum network underwent the successful Shapella hard fork on April 12, allowing validators to withdraw their long-staked Ether (ETH) from the Beacon Chain after three years. In the first week of withdrawals, more than a million ETH was unstaked by validators.

02.05 / 11:45

Law regulation Court avalanche Ava Labs Ava Labs founder awarded $3M in crypto defamation suit

Ava Labs founder and CEO Emin Gün Sirer has reportedly won a defamation suit against a crypto influencer, awarding him $3 million in damages.

02.05 / 06:45

business Law privacy coinbase Court Coinbase faces suit over alleged privacy violations in biometrics collection

Coinbase violated biometric privacy laws in Illinois through its collection and storage of customer fingerprints and facial templates, a proposed class-action lawsuit alleges.

01.05 / 20:29

Law regulation sanctions Poloniex settlement Poloniex will pay $7.6M settlement to US authorities for 'apparent violations' of sanctions

The United States Treasury Department’s Office of Foreign Asset Control (OFAC) announced cryptocurrency exchange Poloniex has agreed to a $7.6 million settlement related to more than 65,000 apparent violations of multiple sanctions programs.

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