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Category: US law
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US Congress Will Not Pass Cryptocurrency Legislation Anytime Soon, Says Lawmaker
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Tether, ICOs, Craig Wright – Attorney Divulges New Details on Billion Dollar Crypto Lawsuits
On April 3, the law firms Roche Cyrulnik Freedman and Selendy & Gay filed 11 class-action lawsuits against multiple digital currency exchanges and the issuers of certain initial coin offering (ICO) tokens. Entities like Block.one, Tron, Bancor, Status and numerous company executives are accused of selling unregistered securities. The lawsuits claim the exchanges “profited handsomely” […]
The post Tether, ICOs, Craig Wright – Attorney Divulges New Details on Billion Dollar Crypto Lawsuits appeared first on Bitcoin News.
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US Lawmaker Introduces Crypto-Currency Act of 2020 While Under Coronavirus Quarantine
A U.S. congressman from Arizona has introduced the Cryptocurrency Act of 2020 while under coronavirus quarantine. The bill clarifies which federal agencies regulate which type of crypto assets. “It’s crucial that America remains the global leader in cryptocurrency,” the lawmaker said. Also read: Bitcoin Legal in India — Exchanges Resume INR Banking Service After Supreme […]
The post US Lawmaker Introduces Crypto-Currency Act of 2020 While Under Coronavirus Quarantine appeared first on Bitcoin News.
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US Confiscates Millions in Cryptocurrencies in Alphabay Forfeiture Case
This month the US District Court of Eastern California has been very busy dealing with cases involving the infamous and now defunct darknet marketplace the Alphabay. The Federal courthouse in Fresno just recently wrapped up the forfeiture case involving the alleged Alphabay leader Alexandre Cazes. Further, the Fresno courthouse has charged and have plans to […]
The post US Confiscates Millions in Cryptocurrencies in Alphabay Forfeiture Case appeared first on Bitcoin News.
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Bitcoin and Cryptocurrencies Are Commodities, Federal Court Rules
Courts, financial regulators, legislators and governments around the world are struggling to fit bitcoin into their existing frameworks. Different legal definitions for the disruptive innovation that is cryptocurrencies can have profound ramifications for the instruments in each jurisdiction such as what agencies will regulate them, under what laws, and how users will be taxed, if […]
The post Bitcoin and Cryptocurrencies Are Commodities, Federal Court Rules appeared first on Bitcoin News.
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New Website Provides Guide to US Cryptocurrency Law
Cryptocurrency law can be maddeningly vague. From taxation to commodities, the US constitution is characterized by ill-defined and occasionally contradictory statutes regarding digital currencies. Law reform moves at a glacial pace, leaving the status of cryptocurrencies often unlegislated. For cryptocurrency users trying to navigate murky legal waters, this ambiguity can be frustrating. A new website […]
The post New Website Provides Guide to US Cryptocurrency Law appeared first on Bitcoin News.
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