Law Financial News
03.01 / 23:01
Law
regulation
crimes
FTX
Fried
Sam
NOT
Sam Bankman-Fried enters not guilty plea for all counts in federal court
Former FTX chief executive officer Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing related to the collapse of the crypto exchange including wire fraud, securities fraud, and violations of campaign finance laws.
03.01 / 22:11
Government
Law
Adoption
Central Bank
The ‘godfather of crypto’ wants to create a privacy-focused CBDC: Here’s how
When it comes to the “crypto” part of cryptocurrencies, David Chaum’s work predates the crypto ecosystem. His efforts as a renowned cryptographer date back to 1989, long before Bitcoin (BTC) was a thing.
03.01 / 19:23
Law
regulation
FTX
Fried
Sam
Sam Bankman-Fried's legal team warns of 'harassment and threats' to parents in latest court filing
The legal team behind former FTX chief executive officer Sam Bankman-Fried has petitioned a court to redact certain information on individuals acting as sureties for his $250-million bond, citing threats made against his family.
02.01 / 23:21
Law
stocks
Congress
lawmakers
US lawmakers
US lawmakers could consider stock trading ban in next session of Congress
Many United States lawmakers from both sides of the aisle have at one point expressed support for legislation banning members from investing in stocks or crypto — an initiative the 118th Congress could address following a shift in leadership.
30.12 / 14:05
Blockchain
Law
Ethereum
SEC
bail
FTX founder reportedly cashes out $684K after being released on bail
FTX founder Sam Bankman-Fried is reportedly cashing out large amounts of cryptocurrency soon after being released on bail, on-chain data suggests.
30.12 / 00:35
Blockchain
Law
regulation
Court
Lawyer
Deal
Fried
Sam
Prosecutors unlikely to offer Sam Bankman-Fried a favorable plea deal, says lawyer
Former FTX CEO Sam Bankman-Fried (SBF) may not be able to offset the two counts of wire fraud and six counts of conspiracy he faces with the credits to be received for entering a guilty plea instead of going to trial.
24.12 / 19:29
business
Law
Mining
Blockware sued over alleged misrepresentation of miners' performance
London-based Faes & Company filed a complaint against crypto mining firm Blockware Solutions LLC on Dec. 17, claiming it misrepresented the performance capability of its miners and lacked adequate power access to keep the machines running.
24.12 / 13:41
business
Law
regulation
FTX paid $12M retainer to a New York law firm before bankruptcy filing
Defunct crypto exchange FTX paid a retainer of $12 million to bankruptcy lawyers as security for payment of its fees and expenses amid Chapter 11 bankruptcy proceedings, shows a court filing dated Dec. 21.
23.12 / 22:51
Law
regulation
crimes
FTX
Deal
Customer
Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal
Caroline Ellison, the former chief executive officer of Alameda Research, said as part of her plea deal that she was aware FTX funds had been made available for the venture capital firm’s investments.
23.12 / 18:43
Law
CFTC
SEC
SEC general counsel announces departure from public service
Dan Berkovitz, general counsel for the United States Securities and Exchange Commission, said he will be leaving the agency after more than a year.
23.12 / 15:11
business
Law
Robinhood
regulation
FTX asks bankruptcy judge to stop BlockFi from claiming Robinhood shares
Embattled crypto exchange FTX asked for the assistance of a United States bankruptcy judge to prevent crypto lending firm BlockFi from claiming around $450 million worth of Robinhood shares purchased by its former CEO Sam Bankman-Fried.
23.12 / 09:01
22.12 / 21:27
Law
regulation
Brazilian president signs crypto bill into law
Jair Bolsonaro, the President of Brazil set to leave office on Dec. 31, has signed off on a bill aimed at legalizing the use of crypto as a payment method within the country.
22.12 / 19:33
Law
regulation
FTX
Bankruptcy
Customers
Third parties could return FTX funds directly to customers: Law firm
More than one million creditors of failed crypto exchange FTX have been waiting to be made whole since before the firm’s bankruptcy filing on Nov. 11, but according to one expert, recipients of donations and contributions may have a legal means of returning the funds directly to investors and customers.
21.12 / 21:15
Law
regulation
FTX
Fried
Sam
Extradition
Sam Bankman-Fried is one step closer to US extradition: Report
Former FTX CEO Sam Bankman-Fried, who has been in the custody of Bahamian authorities, faces extradition to the United States following a hearing.
21.12 / 12:47
Law
regulation
regulatory
Alaska adds 'virtual currency' to its regulatory regime
From Jan. 1, 2023, the term “virtual currency” will take its place in the money transmission regulations of Alaska. It will oblige the companies dealing with digital currencies to obtain a money transmission license in the state.
21.12 / 03:55
business
Law
Court
Extradition
SBF signs extradition papers, set to return to face charges in the US
Sam Bankman-Fried, the jailed founder of the FTX cryptocurrency exchange has reportedly signed papers on Dec. 20 waiving his extradition hearing in the Bahamasand see him flown to the United States to face multiple criminal charges.
21.12 / 00:29
Law
SEC
Congress
4 legislative predictions for crypto in 2023
If you saw the returns in my crypto portfolio this year, you would take a pass on my predictions for the direction of the cryptocurrency market. So, I will stick to what I know and share some regulatory predictions for the crypto industry.
20.12 / 15:17
Law
regulation
South Korean court freezes $92M in assets related to Terra tokens
More than six months after the collapse of the Terra ecosystem, South Korean authorities continue to investigate and freeze the funds of persons involved in Terra.
20.12 / 02:05
Law
regulation
FTX
Fried
Sam
Extradition
Customers
Sam Bankman-Fried agrees to US extradition 'to put the customers right': Report
Former FTX CEO Sam Bankman-Fried, currently in the custody of Bahamian authorities, has reportedly agreed to be extradited to the United States to face charges.
20.12 / 00:55
Law
regulation
Congress
committee
Next House committee chair reintroduces bill on crypto innovation
North Carolina Representative Patrick McHenry, the current ranking member of the House Financial Services Committee and chair starting in January, has reintroduced legislation aimed at creating innovation offices within government agencies dealing with financial services.
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