Judge in SEC v. Kraken case suggests he will deny motion to dismiss
In their motion to dismiss, Kraken’s lawyers disputed the legal theory that the exchange was an “ecosystem” for crypto asset securities. Go to Source
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Crypto community backs Tornado Cash devs with $2.3M legal fund
Tornado Cash’s founders and developers are in the legal crosshairs, but the crypto community argues merely writing code shouldn’t be a crime. Go to Source
FTX victims go after company’s assets from criminal forfeiture
Though Sam Bankman-Fried is currently serving a prison sentence, affected FTX customers and creditors are making claims on the firm’s assets, which are still worth millions. Go to Source
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
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