Binance used ‘tortured’ interpretation of law in bid to toss suit, says SEC
The SEC derided Binance’s request to have the regulator’s suit thrown out, claiming the crypto exchange hasn’t correctly applied the law. Go to Source
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‘Premier’ crypto cop CFTC reveals record-setting digital asset enforcement in 2023
The statement released by the CFTC shows that about 50% of the cases brought to its attention in 2023 involved crypto. Go to Source
Multiple buyers consider purchase and relaunch of ‘irreparable’ FTX
Rebooting a tarnished name is difficult and some firms are so utterly compromised by their failures that there is no real hope of rehabilitation. Go to Source
Coinbase user agreement dispute reaches US Supreme Court
The Supreme Court’s choice to take up this case represents a pivotal development for firms utilizing arbitration clauses. Go to Source
Hong Kong issues rules for asset tokenization as interest mounts
Hong Kong’s securities regulator, the SFC, treats tokenized securities like traditional securities, subject to the same legal and regulatory norms. Go to Source
Ripple’s legal chief questions SEC case losses under Gensler
Stuart Alderoty expressed concern about the SEC’s repeated arbitrary and capricious actions in court cases, suggesting a troubling pattern under Chair Gensler’s leadership. Go to Source
Ripple’s CEO criticizes former SEC Chair Jay Clayton’s comments
The former SEC Chair emphasized that regulatory agencies should introduce regulations and legal cases they believe will successfully withstand judicial scrutiny. Go to Source
Jury hears Sam Bankman-Fried’s testimony: ‘A lot of people got hurt’
The former FTX CEO returned to the witness to present his testimony to a jury of 12 people as the criminal trial begins to reach its final stages. Go to Source
Sam Bankman-Fried denies knowledge of moving FTX deposits to North Dimension: Report
Assistant U.S. Attorney Danielle Sassoon grilled the former FTX CEO in court on his knowledge of FTX user deposits and the retention of communication records. Go to Source
UK passes bill to enable authorities to seize Bitcoin used for crime
Filed in September 2022, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, 2023. Go to Source