Coinbase says the SEC’s definition of an investment contract isn’t in line with U.S. securities laws.
Category: dismissal
Auto Added by WPeMatico
Coinbase to file order seeking dismissal of SEC lawsuit
Paul Grewal said Coinbase will seek to dismiss the SEC’s suit on Aug. 4 which will argue that it never sold securities as the regulator alleged.
Powered by WPeMatico
Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse
The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra blockchain project, have been questioned by U.S. law enforcement. Unusual Relationship: […]Powered by WPeMatico
Federal Judge Rules NBA Top Shot NFTs May Be Considered Unregistered Securities
A federal judge, Victor Marrero, ruled on Wednesday that the NBA Top Shot non-fungible tokens (NFTs) issued by Dapper Labs may meet the requirements to be considered an unregistered security. The case arose in 2021 when an NBA Top Shot collector sued Dapper Labs, claiming that the NBA Top Shot NFTs, known as “Moments” issued […]Powered by WPeMatico
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings
FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best interests” of creditors, and FTX debtors do not believe Turkish authorities “or any liquidator” in the country will cooperate with officials […]Powered by WPeMatico
Kleiman Estate Says Satoshi Reveal ‘Is Relevant’ in Billion Dollar Bitcoin Lawsuit
In the state of Florida, there’s an ongoing lawsuit against Craig Wright, the self-proclaimed Satoshi Nakamoto, for billions of dollars. Wright is being sued by the Kleiman family on behalf of the late Dave Kleiman for allegedly misappropriating billions worth of BTC through a partnership years ago. On March 29, the Kleiman vs. Wright discovery […]
The post Kleiman Estate Says Satoshi Reveal ‘Is Relevant’ in Billion Dollar Bitcoin Lawsuit appeared first on Bitcoin News.
Powered by WPeMatico
215,000+ Sign Petition Against South Korean Crypto Regulation – Government to Respond
A national petition against extreme cryptocurrency regulations in South Korea has exceeded 200,000 signatures, the requirement for the government to respond. The petition entitled “Has the government ever dreamed a happy dream for the people?” was filed on December 28. Meanwhile, another related petition calls for the removal of the governor of the country’s Financial […]
The post 215,000+ Sign Petition Against South Korean Crypto Regulation – Government to Respond appeared first on Bitcoin News.
Powered by WPeMatico