Law Financial News

13.09 / 02:43

business Law regulation Fraud us government FTX Court SBF’s lawyers want to quiz jurors on crypto, altruism and ADHD

Potential jurors in the upcoming criminal trial of former FTX CEO Sam Bankman-Fried could be asked their thoughts on crypto, effective altruism and attention-deficit disorder as his lawyers want to weed out those they consider unsuitable.

12.09 / 12:28

Law Ethereum Art NFT hacks Developers NFT collection Milady exploited by developer stealing $1M in fees

Milady Maker, a nonfungible token (NFT) project on the Ethereum blockchain, has fallen victim to a major exploit involving the platform’s fees and social media accounts.

12.09 / 02:17

business Law Adoption Ripple regulation SEC hearing SEC's Gary Gensler to hold firm on crypto enforcement in Senate hearing

Seemingly unfazed by a recent slew of court setbacks, United States Securities and Exchange Commission Chair Gary Gensler remains headstrong that his agency should be the one to reign over crypto — with plans to tell lawmakers the same on Sept. 12.

10.09 / 19:31

business Law FTX Bankruptcy FTX sues LayerZero Labs, seeks to recover over $21M moved prior to bankruptcy

Bankrupt crypto exchange FTX has filed a lawsuit against cross-chain protocol LayerZero Labs, seeking to recover $21 million in funds that were allegedly illegally withdrawn prior to FTX's shutdown in November 2022, according to court documents filed on September 9.

09.09 / 17:21

Blockchain Law regulation G20 Taxes global crypto community Framework International G20 moves forward with international crypto framework

Leaders of the 20 biggest economies in the world — collectively known as G20 — are pushing for a speedy implementation of a cross-border framework for crypto assets.

09.09 / 08:31

Technology Law regulation Congress Senators Senators unveil bipartisan blueprint for comprehensive AI regulation

Two senators unveiled a bipartisan blueprint for artificial intelligence (AI) legislation on Friday, Sep. 8, as Congress intensifies its endeavors to regulate this emerging technology.

09.09 / 06:55

Blockchain Law regulation SEC Congressman Tom Emmer seeks amendment to limit SEC's crypto oversight

Tom Emmer, the Majority Whip of the U.S. House of Representatives, who has previously expressed concerns about the Securities Exchange Commission's (SEC) actions in the cryptocurrency industry, on Friday, Sep. 8, introduced a significant amendment that once more drew attention to the SEC's actions.

08.09 / 19:31

Government Law regulation Taxes guidance Blockchain Association responds to US lawmakers’ request for crypto tax guidance

The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted suggestions for lawmakers to consider in potential legislation on the tax treatment of digital assets.

08.09 / 06:21

business Law Adoption regulation Court Backed Aussie fintech prays for crypto clarity as it launches Bitcoin-backed loans

Australian fintech firm Block Earner is charging ahead with plans to launch a crypto-backed loans product, despite staring down an upcoming court date with the financial regulator for allegedly offering financial products without a license.

08.09 / 01:23

business Law Europe coinbase G20 Asia Coinbase signals EU, Canada, Brazil, Singapore and Australia as priorities

Coinbase has flagged several countries outside the United States where it intends to focus its operations in the near term, citing their comparatively clearer crypto laws.

07.09 / 23:31

business Law Binance Ripple Liquidity Grayscale Banks Binance CEO brushes off negativity, assures firm has 'no liquidity issues'

Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent market uncertainty.

07.09 / 22:45

Law CFTC regulation regulatory CFTC commissioner calls for crypto regulatory pilot program

Caroline Pham, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has suggested a limited pilot program in an effort to address crypto regulation.

07.09 / 17:41

Law regulation marketing 2024 compliance Financial UK financial watchdog could give crypto firms until January 2024 for marketing compliance

The United Kingdom’s Financial Conduct Authority, or FCA, has reiterated its warning for all crypto asset firms marketing to users in the country to be in compliance with rules going into effect in October 2023, but added companies could have “more time to implement certain changes”.

07.09 / 13:09

Government Law Adoption regulation Ron DeSantis’ falling polls: Could crypto lose its candidate?

Miami Mayor Denis Suarez, who’s running for president of the United States, took a shot at his Republican counterpart in the presidential race, Florida Governor Ron DeSantis.

07.09 / 06:49

Law Ripple regulation SEC Grayscale policies Ripple Labs Ripple Labs chair slams Biden, Gensler for having ‘screwed up’ on crypto

The United States’ legal system is set to bring the crypto industry “back in the game” after the Biden administration “screwed up” its crypto policy, says Ripple Labs chair and co-founder Chris Larsen.

07.09 / 06:49

Law Adoption regulation Bitcoin Regulation Rejection of crypto bill exposes Aussies to ‘unregulated market’ — Senator Bragg

Australian investors will be left exposed to unregulated markets and investments will be driven away from the country if the Digital Assets (Market Regulation) Bill is rejected by parliament, the bill's author Senator Andrew Bragg has warned.

06.09 / 20:23

Law Microsoft Court ChatGPT OpenAI class action OpenAI and Microsoft accused of stealing data to train ChatGPT in new class action suit

OpenAI and Microsoft have been named as the defendants in yet another class action lawsuit over their alleged use of web scraping techniques to obtain supposedly private data for the use of training ChatGPT and other associated artificial intelligence models.

06.09 / 20:23

Law regulation FTX Court Sam Appellate judge denies Sam Bankman-Fried’s request for immediate release from jail

Former FTX CEO Sam Bankman-Fried, also known as SBF, lost an initial appeal to return to being free on bail prior to his criminal trial.

05.09 / 21:47

business Law Investments Report Bitcoin Report suggests 6 billionaire crypto traders earned their fortunes from Bitcoin

A report released by London-based investment migration consultancy firm Henley & Partners suggests there were more than 40,000 crypto millionaires in the world holding Bitcoin.

05.09 / 11:17

business Law FTX Celsius Bitcoin Lawyers collapses Crypto collapses generate hundreds of millions of dollars for lawyers

The legal industry has emerged as a major winner amid cryptocurrency collapses like FTX and Celsius, generating hundreds of millions of dollars for lawyers.

04.09 / 13:55

Government Law Stablecoin regulation Bitcoin lawmakers Australian Australian lawmakers send back crypto bill by Andrew Bragg

Australia’s Senate Committee on Economics Legislation has finally provided feedback to the cryptocurrency bill introduced by senator Andrew Bragg.

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