Law Financial News

20.03 / 16:25

business Law Banks banking Silicon Valley Bitcoin Silicon Valley Bank’s downfall has many causes, but crypto isn’t one

Silicon Valley Bank (SVB) boasted over $200 billion in assets and was a lifeline for crypto companies.

17.03 / 19:39

Law regulation European Union ‘If a government bans drugs, it should also ban crypto’ — Belgium’s former finance minister

Johan Van Overtveldt, a member of the European Parliament and the former Minister of Finance of Belgium, has called for a “strict ban” on crypto as a result of the current banking crisis.

16.03 / 20:59

business Blockchain Law FTX YouTube FTX influencers face $1 Billion class-action lawsuit over alleged crypto fraud promotion

A class-action suit led by Edwin Garrison has been filed against “FTX influencers,” mostly on YouTuber, seeking $1 billion because they “promoted FTX crypto fraud without disclosing compensation.” The suit was filed March 15 in the Southern District of Florida Miami Division.

15.03 / 10:31

Law Ethereum defi hacks lending us government UK government Euler Finance’s offer to hacker: Keep $20M or face the law

Ethereum-based noncustodial lending protocol Euler Finance is trying to cut a deal with the exploiter that stole millions from its protocol, demanding the hacker returns 90% of the funds they stole within 24 hours or face legal consequences.

14.03 / 15:55

Technology Law Adoption regulation Court Threat rights Wyoming’s private keys bill addresses growing threat to rights and assets

Governor Mark Gordon of the U.S. state of Wyoming recently signed a bill preventing the forced disclosure of private keys in a move to protect the privacy of digital asset owners.

13.03 / 21:49

Law regulation Fraud Banks Silicon Valley Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report

A group of shareholders have reportedly filed a lawsuit against Silicon Valley Bank’s parent company and some of its executives amid the unfolding crisis.

13.03 / 17:49

Law CFTC SEC Congress Bitcoin crypto donations State caps or federal regulation: What's next for political crypto donations

On Jan. 25, the Committee on Elections introduced a bill to the Kansas House of Representatives aimed at capping political donations via crypto at $100. Regardless of the success of this legislative initiative, the state of Kanzas won’t be the first jurisdiction to target anonymous donations. From authoritarian nations like Russia or China to electoral democracies like Ireland or Canada, one can find recent attempts to ban crypto donations to politicians all around the globe.

10.03 / 23:11

Law regulation Fiat Money South Dakota gov vetoes bill excluding crypto from definition of 'money'

Kristi Noem, the governor of South Dakota, has used her authority to veto legislation aimed at changing the definition of money to exclude cryptocurrencies.

10.03 / 15:39

Law regulation FTX Court lawsuits Judge mulls removing Shaq and Naomi Osaka from FTX lawsuits

A federal judge in Florida, United States, is considering dismissing former NBA superstar Shaquille O’Neal and tennis athlete Naomi Osaka from the FTX lawsuit, pointing out that it’s unclear whether the two had been served.

09.03 / 18:13

business Law Adoption Banks AML banking Money laundering Anti-money laundering services Banks with crypto services require new Anti-Money Laundering capabilities

The new year began with the news that notable Web3 entrepreneur Kevin Rose fell victim to a phishing scam in which he lost over $1 million worth of nonfungible tokens (NFTs).

09.03 / 11:45

Law regulation FTX class action Judge refuses to consolidate class action suits against FTX

A federal judge has refused to consolidate a number of proposed class-action lawsuits against the FTX exchange by investors. According to the judge, the exchange and its defendants have not yet been heard on the matter.

09.03 / 00:05

Law Stablecoin regulation Congress Crypto bill draft will be released in April, says Senator Gillibrand

According to United States Senator Kirsten Gillibrand, a new draft of the bipartisan crypto bill pioneered by herself and Senator Cynthia Lummis will be released to the new Congress after being deferred in 2022.

08.03 / 21:49

Law CFTC regulation policies CFTC continues to explore digital asset policy considerations in MRAC meeting

The United States Commodity Futures Trading Commission, or CFTC, was a part of discussions on a regulatory framework for digital assets as well as use cases for blockchain technology.

08.03 / 08:57

business Law Adoption regulation Banks FTX Bankruptcy Lawyers Lawyers picnic: FTX counsel and advisors rake in $34M in January

The law firms, investment banks and consulting companies working with FTX on its bankruptcy case billed the crypto exchange a combined $34.18 million in January, court documents reveal.

08.03 / 00:15

business Law Mt. Gox creditors Mt. Gox creditors have until March 10 to register and choose repayment method

Creditors from Mt. Gox have until the end of the week to register and select a repayment method as part of the plan by which they will be compensated for their losses with the defunct crypto exchange.

07.03 / 20:39

Government Law regulation Congress lawmakers US lawmakers US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements: Report

A group of United States lawmakers is reportedly planning to reintroduce legislation to change the reporting requirements for certain taxpayers involved in crypto transactions.

07.03 / 12:31

business Law DAO DAO gets legal recognition in the US as Utah DAO Act passes

The Utah State Legislature passed Act HB 357, the Utah Decentralized Autonomous Organizations Act (Utah DAO Act).

07.03 / 06:57

Law regulation banking Bitcoin Industry Bitcoin Regulation 'Home' regulator could solve crypto's 'fragmented supervision' issue: Comptroller

Cryptocurrency firms operating multiple entities in different countries should be overseen by one consolidated “home” regulator to stop them from playing "games" aimed at skirting regulators, the acting head of the United States banking regulator has opined.

07.03 / 04:39

business Law Mining SEC Scams Court SEC accuses Utah firm of 'fraudulent' $18M crypto mining scheme

Software and crypto mining equipment offered by the Utah-based Green United LLC was part of an $18 million "fraudulent scheme" that never mined the crypto it said it would, according to allegations by the United States Securities and Exchange Commission (SEC).

07.03 / 01:11

Law regulation FTX Bankruptcy US trustee appeals FTX bankruptcy judge's ruling to deny appointment of independent examiner

Lawyers for Andrew Vara, the United States Trustee representing the interests of the Department of Justice in crypto exchange FTX’s bankruptcy proceedings, has filed an appeal against a federal judge’s denial of a motion appointing an independent examiner in the case.

07.03 / 01:11

business Blockchain Technology Law Web3 Decentralization Digital Asset Hermès asks court to halt sales of MetaBirkin NFTs following recent jury decision

Hermès International, the French luxury fashion house, has requested a Manhattan federal court to block artist Mason Rothschild from marketing or owning his "MetaBirkin" non-fungible tokens (NFTs) following a recent jury decision that found Rothschild had violated Hermes' trademark rights in its famous Birkin bags, as reported by Reuters.

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