US Attorney seeks 7-year sentence for exec in crypto shadow banking case
U.S. prosecutors are wanting Reginald Fowler to face at least seven years in jail if convicted on April 20. Go to Source Powered by WPeMatico
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US House committee chair repeatedly presses SEC chair: ‘Is Ether a commodity or a security?’
Securities and Exchange Commission chair Gary Gensler has said the SEC considers Bitcoin a commodity, but refused to pin down Ether at an oversight hearing. Go to Source Powered by WPeMatico
Crypto lender Babel gets extended creditor protection in Singapore
Hong Kong-based Babel Finance will totally have more than a year to repay debts to its creditors after suspending withdrawals last June. Go to Source Powered by WPeMatico
Peer-to-peer crypto exchanges struggle to navigate shifting legal landscape
Two major P2P platforms announced their closure in the first quarter of 2023. Many blame it on growing regulatory scrutiny, but experts call for better alternatives. Go to Source Powered by WPeMatico
Do Kwon lawyers received $7 million before Terra collapse: Report
While trying to tie in Kwon’s ill intent in prepaying the law firm, prosecutors believe that the information will help in the ongoing fraud case. Go to Source Powered by WPeMatico
Individual behind $3.4B Silk Road Bitcoin theft sentenced to one year in prison
James Zhong pleaded guilty to the wire fraud charges in November 2022 and had been awaiting sentencing for his role in the “unlawfully obtained” Bitcoin scheme. Go to Source Powered by WPeMatico
Arizona governor vetoes bill targeting taxes on blockchain node hosts
The bill aimed to have only state authorities impose regulations and taxes on individuals and businesses running blockchain nodes, as opposed to those at the city and county level. Go to Source Powered by WPeMatico
San Francisco authorities make arrest in stabbing of Cash App creator Bob Lee
Police chief Bill Scott said there was evidence that the suspect and Bob Lee knew each other but did not comment on the possible motive of the attack. Go to Source Powered by WPeMatico
US court issues summons to Tron’s Justin Sun, threatens default judgment if no response
The summons was related to a civil lawsuit filed by the SEC against Justin Sun and others over allegedly offering and selling TRX tokens as unregistered crypto asset securities. Go to Source Powered by WPeMatico
Judge orders YouTuber ‘BitBoy Crypto’ to appear and address alleged harassment
Ben Armstrong was ordered to appear in Florida court to address allegations he threatened and harassed lawyers behind a class-action lawsuit against him and other crypto influencers. Go to Source Powered by WPeMatico