SEC moves to dismiss lawsuit against Ripple’s Brad Garlinghouse and Chris Larsen
The civil lawsuit against the Ripple executives had been ongoing since December 2020. Go to Source
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Universal Music Group sues Anthropic AI over copyright infringement
Universal Music Group, Concord Publishing and ABKCO Music & Records alleged that Anthropic “unlawfully” copied and disseminated “vast amounts of copyrighted works” from the publishers. Go to Source
Advocacy groups push back against Sen. Warren linking crypto with terrorism
The Blockchain Association and Crypto Council for Innovation said the terrorist group Hamas had reportedly curtailed using Bitcoin as authorities could more easily track funds. Go to Source
Elon Musk, Mark Cuban team up to contest SEC trial strategies
The context of this legal challenge centers around the SEC v. Jarkesy case, in which George Jarkesy contends that his Seventh Amendment rights were violated. Go to Source
Binance France director resigns, adding to list of exits from crypto exchange
Stéphanie Cabossioras is at least the tenth senior executive to depart the crypto exchange this year. Go to Source
Pro-crypto lawmaker stays interim US House Speaker as frontrunner loses first round of voting
Ohio Representative Jim Jordan, the Republican Party’s nominee for Speaker, won the support of 200 of his colleagues in an Oct. 17 vote — below the 217 needed to hold the position. Go to Source
Former FTX engineering director faces up to 75 years in prison following guilty plea
Nishad Singh’s testimony was seemingly part of prosecutors’ strategy to establish Sam Bankman-Fried had been behind Alameda Research using FTX user funds. Go to Source
Federal judge gives Genesis 5 days to comply with Terraform Labs subpoena
The order was unclear as to the nature of the documents under subpoena, but stated Genesis had failed to provide the information by Oct. 9. Go to Source
Sam Bankman-Fried’s legal team moves to pursue theory on FTX terms of service
Lawyers petitioned the court to allow them to question witnesses for the prosecution based on FTX’s terms of service, as well as preclude testimony from “lay fact witnesses”. Go to Source
China sets stricter rules for training generative AI models
The draft regulations emphasize that data subject to censorship on the Chinese internet should not serve as training material for these models. Go to Source
