Law Financial News

19.10 / 17:27

Law regulation Money laundering Terrorism Advocacy groups push back against Sen. Warren linking crypto with terrorism

United States-based crypto advocacy organizations are calling out Senator Elizabeth Warren and other lawmakers for some of the claims made regarding connections between the terrorist group Hamas and financing through cryptocurrency.

19.10 / 12:40

business Law FTX Court Financial Services Financial Sam Bankman-Fried’s trial is telling a story of classic financial deceit

The courtroom drama unfolding around FTX founder Sam Bankman-Fried (SBF) has all the ingredients of a binge-worthy Netflix series, replete with a cast of shady characters and a plot that thickens with each passing day. Among the highlights were SBF's lofty presidential ambitions and a staggering $100-150 million bribe to Chinese officials, which add a surreal twist to the narrative.

19.10 / 12:40

business Law Binance regulation SEC Court exits Binance France director resigns, adding to list of exits from crypto exchange

Stéphanie Cabossioras has stepped down from her role as the executive director of Binance France, becoming at least the 10th senior executive to leave Binance this year.

19.10 / 12:39

Blockchain Law regulation Altcoin supply Sui token struggles to regain despite denial of ‘unfounded’ allegations

Sui’s native SUI token has struggled to regain ground after plunging more than 9% amid allegations from South Korean regulators, which have accused the Sui Foundation of manipulating the supply of the token for its own gain.

19.10 / 12:39

Law regulation SEC elon strategies Elon Musk, Mark Cuban team up to contest SEC trial strategies

Elon Musk, Mark Cuban and others have collaboratively submitted a shared amicus brief to the Supreme Court of the United States to raise concerns about the U.S. Securities and Exchange Commission’s (SEC) approach to conducting internal proceedings without the inclusion of juries.

19.10 / 10:43

Law Mining crypto mining Arkansas Residents Outcry Over Rising Crypto Mining Nuisance, Senator Seeks Governor’s Response

A senator from the US state of Arkansas is seeking answers from the governor's office as there is an increase in the outcry over unwanted cryptocurrency mines in small towns across the state.

17.10 / 21:43

Law regulation Congress us house Pro-crypto lawmaker stays interim US House Speaker as frontrunner loses first round of voting

North Carolina Representative Patrick McHenry, chair of the United States House Financial Services Committee and crypto proponent in Congress, is still temporarily in the third most powerful role in government after one of his Republican colleagues failed to secure enough votes.

17.10 / 21:09

Government Law regulation Analysis Opinion AML UK government Europe's AML regulations come at a high cost — for your privacy and otherwise

The European Union’s financial regulatory landscape is in flux with the introduction of multiple Anti-Money Laundering (AML) directives and related laws. These regulations, although designed to protect the financial system, come at a hidden, and sometimes steep, cost to consumers and financial institutions alike. It’s imperative to understand their wider implications, and to question whether the costs — both monetary and ethical — are simply too high.

17.10 / 17:07

Law regulation crimes FTX Court Nishad Singh says there was 'a lot' he didn't remember about FTX in 2022 — SBF trial

Lawyers representing former FTX CEO Sam “SBF’ Sam Bankman-Fried conducted their cross-examination of Nishad Singh, pressing the former engineering director on events leading to Alameda Research using funds from the crypto exchange.

17.10 / 10:43

Law regulation UK’s ‘Help with Fees’ scheme won’t define crypto as disposable income

British citizens who hope to access legal assistance through the proposed “Help with Fees” (HwF) scheme will not have cryptocurrency holdings classified as disposable income.

17.10 / 05:21

business Law NFT regulation Court Opensea NOT ‘I’m still not seeing it’ — Judges skeptical of Ryder Ripps’ BAYC appeal

Nonfungible token (NFT) artist Ryder Ripps’ most recent attempt to dismiss the Bored Ape Yacht Club-related lawsuit against him appears to have fallen on skeptical ears.

17.10 / 04:51

Law Mining regulation Ban Pennsylvania crypto mining permit halt cut from bill after union pressure

A Pennsylvania House Representative has cut a two-year crypto mining ban from their bill to regulate the sector’s energy consumption claiming trade labor unions pressured the change.

17.10 / 04:51

business Law regulation FTX Court Bankruptcy 2024 Customers FTX customers could get $9B shortfall claim payout by mid-2024

Customers of bankrupt crypto exchange FTX and FTX US could see over 90% of assets returned to them by the end of the second quarter of 2024 after a proposed settlement was reached between FTX creditors and debtors.

17.10 / 02:23

Law Citi Death Bitcoin show South Korean ‘Crypto Killers’ May Face Death Penalty

South Korean prosecutors have requested the death penalty for four suspects in a crypto murder-kidnap case that saw a woman abducted and murdered for her crypto holdings.

16.10 / 21:35

Law regulation crimes FTX Court Former FTX engineering director faces up to 75 years in prison following guilty plea

Nishad Singh, the former engineering director at now-defunct crypto exchange FTX, has reportedly said he “hopes for no jail time” as part of an agreement with prosecutors.

16.10 / 21:01

Law regulation SEC Court Terra Usd Terra Federal judge gives Genesis 5 days to comply with Terraform Labs subpoena

A United States judge has approved an order requiring Genesis Global entities to produce certain documents in accordance with a subpoena requested by Terraform Labs.

14.10 / 06:21

Law regulation SEC coinbase Coinbase continues push to compel SEC to act on crypto rulemaking petition

Coinbase has doubled down on its push for a court order compelling the United States Securities and Exchange Commission (SEC) to act on the firm’s crypto rulemaking petition.

13.10 / 18:15

Law regulation crimes FTX Court Sam Sam Bankman-Fried's legal team moves to pursue theory on FTX terms of service

Lawyers representing former FTX CEO Sam “SBF” Bankman-Fried are seeking to bring up certain information from the crypto exchange’s terms of service during witness testimonies.

13.10 / 10:41

Technology Law regulation Training generative AI China sets stricter rules for training generative AI models

China has released draft security regulations for companies providing generative artificial intelligence (AI) services, encompassing restrictions on data sources used for AI model training.

13.10 / 08:03

business Law CFTC regulation Fraud Voyager Digital was ‘no better than a house of cards’ — CFTC commissioner

A commissioner for the United States Commodity Futures Trading Commission has slammed Voyager Digital for its mistakes that eventually led to the loss of billions of dollars in customer funds.

13.10 / 04:49

business Law regulation Court Futures Crypto trader pleads guilty to ‘cherry picking’ futures scheme

The former CEO of a Miami-based investment firm has pled guilty to a conspiracy to commit commodities fraud involving crypto futures contracts and now faces up to five years in prison.

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