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Grayscale Investments to create a spot bitcoin exchange-traded fund, a federal appeals court ruled on Tuesday, in a landmark victory for the asset manager that could pave the way for the first product of its kind. A panel of judges in the District of Columbia Court of Appeals in Washington said the securities regulator's denial of Grayscale's proposal was arbitrary and capricious because the SEC failed to explain its different treatment between bitcoin futures ETFs and spot bitcoin ETFs. The price of bitcoin, the world's largest cryptocurrency, was last up 5.75% at $27,609 following the decision. The ruling could be a boon for bitcoin, as a spot bitcoin ETF would provide investors the opportunity to gain exposure to the digital asset without having to purchase bitcoin via a retail exchange or custody the asset in a separate crypto wallet.

Tim Bevan, CEO of ETC Group, said that following the ruling, it seemed inevitable that spot BTC ETFs will now come to the US.

By Hannah Lang

Associated Press, Judge Tanya Chutkan denied the request of Donald Trump's counsel to push the case to 2026 and set 4 March 2024 as the trial date. "The defense's proposed date of April 2026 is far beyond what is necessary," she said. The setting of the trial date means that Donald Trump will appear in three separate cases against them during the time of closely contested Republican presidential nomination contest.

Tata Group's TCS reportedly got partial relief in a discrimination lawsuit case in a New Jersey court, in the US on Wednesday. Last year, a former employee of the company, Shawn Katz filed a lawsuit against the IT giant in the United States alleging for racial discrimination against non-South Asian and non-Indian applicants and employees. Katz was with TCS for nine years before being let go.

A US court has ordered a stay on the extradition of Tahawwur Rana to India. The Pakistani-origin Canadian businessman faces a trial for his involvement in the 2008 Mumbai terror attacks and has been linked to terrorist David Coleman Headley - one of the main conspirators behind the incident. The Biden administration had earlier urged a California court to deny the writ petition filed by Rana.

US court has ordered a stay on the extradition of Pakistani-origin Canadian businessman Tahawwur Rana, to India where he is facing a trial for his involvement in the 2008 Mumbai terror attack. Rana has appealed before the Ninth Circuit Court against the order by a US District Court in the Central District of California that denied the writ of habeas corpus. District Judge Dale S.

artificial intelligence (AI) cannot be subject to copyright, according to reports. The judge's decision came on Friday within the context of a legal case involving the US Copyright Office's denial of copyright to Stephen Thaler for an AI-generated image crafted using the Creativity Machine algorithm he had developed. Thaler had pursued copyright protection for the image, intending it to be categorized as a «work-for-hire» for the possessor of the Creativity Machine.

A giant Chinese real estate developer that is struggling to avoid defaulting on $340 billion in debt says it is asking a U.S. court to approve a restructuring plan for foreign bondholders and denied what it said were news reports suggesting it filed fo...

By Jody Godoy

By Andrew Goudsward

By Nate Raymond

Fiat Chrysler Automobile's (FCA's) renewed motion to enjoin the Post-2020 Roxor and based on its analysis declined to apply the safe distance rule to this case as sought by FCA, Mahindra & Mahindra said in a regulatory filing. Accordingly, FCA's motion to enjoin the post-2020 ROXOR was denied, it added.

Johnson & Johnson's must pay $18.8 million to ... moreJohnson & Johnson's must pay $18.8 million to a California man who said he developed cancer from exposure to its baby powder, a jury decided on Tuesday, a setback for the company as it seeks to settle thousands of similar cases over its talc-based products in US bankruptcy court.

Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a US judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring. XRP was up 75% by late afternoon on Thursday, according to Refinitiv Eikon data. The ruling by US District Judge Analisa Torres was the first win for a cryptocurrency company in a case brought by the US Securities and Exchange Commission — though it did also give the SEC a partial victory.

Microsoft Corp. won a court’s okay to move forward with its $69 billion deal to buy Activision Blizzard Inc., defeating an effort by the US Federal Trade Commission to block the largest ever gaming deal. The decision by Judge Jacqueline Scott Corley in San Francisco means Microsoft can seek to close its merger with Activision ahead of a July 18 deadline everywhere except for the UK, which vetoed the deal in May.

Cryptocurrency exchange Crypto.com has petitioned a Florida court to confirm a judgment in its favor through arbitration after the platform mistakenly deposited $50,000 into a user’s account.

Biden administration on Wednesday appealed a federal judge's ruling restricting some agencies and officials from meeting and communicating with social media companies to moderate their content, according to a court filing. The notice of appeal filed on Wednesday signals the government's plan to ask the US Court of Appeals for the Fifth Circuit in New Orleans to review the ruling in a lawsuit challenging the Biden administration's efforts to persuade social media companies to police posts it considered disinformation.

United States Judge Amy Berman Jackson approved on June 17 an agreement between Binance.US, Binance, and the Securities and Exchange Commission (SEC), dismissing a previous temporary restraining order (TRO) that would freeze all Binance.US assets. 

The Delaware Court of Chancery in the United States has granted a motion from crypto investment firm Galaxy Digital largely dismissing digital asset custodian BitGo’s case following a dropped acquisition of the firm in 2022.

Custodia Bank won a step forward in its legal battle against the Federal Reserve, as a Wyoming federal judge denied dismissal motions from both the Fed and the Federal Reserve Bank of Kansas City.