Crypto P2P scams in India show digital asset education is needed
Scammers have made it impossible for Indian crypto traders to conduct P2P trades owing to several police complaints and bank account freezes that follow. Go to Source
Law
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Sam Bankman-Fried will get one day in court to meet with lawyers
According to a judge’s order, SBF will be allowed access to one laptop and “WiFi device” for roughly 6.5 hours while meeting with counsel in a courthouse cell block attorney room. Go to Source
Gryphon Digital seeks court dismissal of Sphere’s lawsuit
Gryphon Digital is requesting dismissal from a suit filed by its former partner Sphere 3D over a scam-related Bitcoin transfer. According to Gryphon, the incident was caused by Sphere’s security failures. Go to Source
Sam Bankman-Fried requests weekday freedom for legal defense work
Lawyers of SBF stated that their client faced difficulties in thoroughly reviewing the extensive document accumulation related to the case while confined to the detention center. Go to Source
FTX seeks $175M settlement with Genesis entities to resolve dispute
However, FTX creditors express discontent and urge the Official Committee of Unsecured Creditors of FTX (UCC) to contest the agreement. Go to Source
CoinSmart president says crypto taxes are a ‘little bit more favorable’ outside US
According to Jeremy Koven, Canadian crypto firms may have a better regulatory environment than ones in the United States, benefitting users in a number of ways. Go to Source
Binance.US request for protective order against SEC goes to magistrate judge
The legal team for Binance.US filed a motion for a protective order on Aug. 14, claiming it was necessary to protect the firm from the SEC’s “fishing expedition” during discovery. Go to Source
Crypto adoption crosses party lines amid Washington’s political deadlock
Support for crypto among United States politicians and voters appears to be crossing party lines with bipartisanship agreements. Go to Source
This scenario could spark Gary Gensler’s resignation: Former SEC official
John Reed Stark believes SEC chair Gary Gensler could throw in the towel, depending on a possible scenario to play out in 2024. Go to Source
Coinbase gains legal support as scholars file amicus brief
In their filing, the legal practitioners advocated for the Court to steadfastly adhere to the established definition of the term ‘investment contract’ when interpreting its scope. Go to Source