DAO gets legal recognition in the US as Utah DAO Act passes
The Utah State Legislature passed the Utah DAO Act, granting DAOs legal recognition and limited liability protections. Go to Source Powered by WPeMatico
Law
Auto Added by WPeMatico
US trustee appeals FTX bankruptcy judge’s ruling to deny appointment of independent examiner
The legal team for U.S. Trustee Andrew Vara petitioned to have the U.S. District Court consider an appeal for a ruling on an independent examiner in FTX’s bankruptcy case. Go to Source Powered by WPeMatico
Hermès asks court to halt sales of MetaBirkin NFTs following recent jury decision
The court filing from Hermès on Friday stated that Rothschild had continued to promote his NFTs even after a nine-member jury found Rothschild liable for trademark infringement, trademark dilution, and “cybersquatting.” Go to Source Powered by WPeMatico
SEC continues streak of enforcement actions, targets BKCoin for alleged $100M fraud
The financial regulator’s complaint alleged that BKCoin raised roughly $100 million from investors to invest in crypto, but diverted some of the funds for personal use. Go to Source Powered by WPeMatico
UAE free zone to explore Bitcoin payments for services, lawyer says
The free zone for virtual asset firms in the Ras Al Khaimah emirate aims to foster regulated and non-regulated activities. Go to Source Powered by WPeMatico
Michael Saylor is still on the hook for alleged tax evasion, says MicroStrategy filing
A D.C. court denied a motion to dismiss claims that Michael Saylor failed to pay personal income taxes, with a status conference on the matter scheduled for March. Go to Source Powered by WPeMatico
Ripple Lawyer Argues SEC Chair Gensler Has Prejudged Crypto Asset Cases
Recently, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), expressed his opinion in a detailed interview with New York Magazine’s Intelligencer regarding why he believes crypto assets other than bitcoin are securities. However, Stuart Alderoty, Ripple’s chief legal officer, argues that Gensler must “recuse himself from voting on any enforcement case … Read more
Coinbase launches grassroots campaign for pro-crypto policy in the U.S.
The company provided a link for voters to sign up so that they can gain information about local politicians’ crypto policies Go to Source Powered by WPeMatico
Lawmakers to Resubmit Russia’s Crypto Mining Bill, Introduce Liability for ‘Gray’ Miners
The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability for those who mint digital coins illegally. Adoption of Russian Crypto Mining Legislation Postponed Again A bill … Read more
The limitations of the EU’s new cryptocurrency regulations
By the time MiCA makes it through the EU, will it be enough to effectively regulate the crypto industry on the continent? Go to Source Powered by WPeMatico