Ripple invokes SEC v. Terraform case, argues for smaller civil penalty
The blockchain firm’s case with the SEC has been ongoing since December 2020, when the regulator alleged Ripple used XRP as an unregistered security to raise funds. Go to Source
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Tesla investors sue Elon Musk for diverting resources, talent to xAI
Shareholders accused Tesla boss Elon Musk of “brazen disloyalty” with his xAI startup that created “billions in AI-related value at a company other than Tesla.” Go to Source
US judge approves Terraform’s $4.5B settlement with SEC
A New York district court judge has rubber-stamped Terraform Labs and Do Kwon’s nearly $4.5 billion settlement with the SEC. Go to Source
BODEN memecoins briefly spike after Hunter Biden guilty verdit
Misspelled memecoins referencing the U.S. first family surged after President Biden’s son was convicted of lying about being a drug user when buying a revolver. Go to Source
Judge okays early approval of $2.4M deal with sports stars over Voyager
After months of proceedings, Robert Gronkowski, Victor Oladipo and Landon Cassill may see the light at the end of the tunnel for a lawsuit involving promoting Voyager Digital. Go to Source
Impact of shifting SEC policy on ETH ‘yet to be seen’ — Consensys SC
Bill Hughes, Consensys’ senior counsel and director of global regulatory matters, spoke to Cointelegraph at Consensus 2024 in Texas on the status of its lawsuit against the SEC. Go to Source
Roger Ver gets bail in Spain, faces extradition to the US
Early crypto investor Roger Ver, known by many as “Bitcoin Jesus,” was granted bail in Spain but still faces extradition to the U.S. for tax fraud charges. Go to Source
SEC to close regional office after judge dismisses DEBT box case
A judge ordered the U.S. Securities and Exchange Commission to pay $1.8 million following “bad faith conduct” over a temporary restraining order to freeze DEBT Box’s assets. Go to Source
Sam Bankman-Fried is back in NYC prison for his appeal
The former FTX CEO spent roughly a week at the Federal Transfer Center in Oklahoma City, with many speculating authorities planned to send him to a California prison. Go to Source
Judge dismisses Debt Box case, orders SEC to pay $1.8M in fees
The civil lawsuit initially filed by the commission in 2023 ended on May 28, with a judge ordering the SEC to pay attorney and receivership fees. Go to Source
