Forcount crypto scheme promoters plead guilty to wire fraud conspiracy
On July 22, two of the five individuals who allegedly stole $8.4 million from investors between 2017 and 2021 by promoting Forcount pleaded guilty. Go to Source
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Judge reduces Ethereum dev’s prison sentence by 7 months
Virgil Griffith could be eligible for release as early as January 2025 after pleading guilty to violating US sanctions on North Korea. Go to Source
Craig Wright admits he’s not Satoshi, issues disclaimer on his website
The Crypto Open Patent Alliance accused Wright of forgery in court and claimed that he “invented an entire biographical history.” Go to Source
Supreme Court ruling ‘changes the game’ for US crypto firms
The high court’s decision further bolsters the argument “that Congress, not an agency, should decide if — and how — to regulate Web3.” Go to Source
Marathon site manager ducks Texas noise charges amid resident complaints
David Fischer, manager of a Texas site for Marathon Digital, was acquitted on charges alleging the site violated local noise ordinances. Go to Source
CFTC Chair reiterates BTC and ETH are commodities in testimony
Head of the US commodities regulator, Rostin Behnam, has again argued his agency should be given regulatory oversight of Bitcoin and Ethereum to better protect investors. Go to Source
Sentencing for ex-FTX execs set for October, November
Former FTX executives Nishad Singh and Gary Wang, who both testified at Sam Bankman-Fried’s criminal trial, are scheduled to be sentenced later this year. Go to Source
Judge dismisses coders’ DMCA claims against Microsoft, OpenAI and GitHub
The partial dismissal indicates complainants failed to demonstrate that GitHub reproduces human-created code. Go to Source
Former US solicitor general claims regulators want to ‘debank’ crypto
Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve. Go to Source
NYT AI lawsuit gets weird as OpenAI demands sources for every article
It’s unclear whether the judge in the case is considering the request, but the New York Times had a strong response to the request. Go to Source
