New Hampshire could become an alternative for crypto firms moving to the Bahamas
A state commission recommended that New Hampshire eliminate the gray area in which cryptocurrency companies currently operate. Go to Source Powered by WPeMatico
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Crypto and securities: New interpretation of US Howey test gaining ground
Lewis Cohen headed a team researching Howey-related case law to propose an application that differentiates between primary and secondary transactions. Go to Source Powered by WPeMatico
FTX debtors can issue subpoenas to company ‘insiders’, says court
The list of FTX insiders included former CEO Sam Bankman-Fried, former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and members of SBF’s immediate family. Go to Source Powered by WPeMatico
3AC founder has ‘chosen to ignore his duties’ by not responding to subpoena, say bankruptcy lawyers
According to the filing, Kyle Davies was “without question” aware of the subpoena posted to Twitter, citing the 3AC founder’s online activity and attempts to raise funds for GTX. Go to Source Powered by WPeMatico
Crypto and psychedelics: Clarifying regulations could help industries grow
It’s a long road to federal legalization, but opposition to psychedelics is waning at the state level and Capitol Hill. Go to Source Powered by WPeMatico
US Attorney requests SEC and CFTC civil cases against SBF wait until after criminal trial
Lawyers for Sam Bankman-Fried said he consented to staying the SEC and CFTC civil cases, while those for Caroline Ellison and Gary Wang did not objec to staying the CFTC case. Go to Source Powered by WPeMatico
Judge denies motion allowing SBF to use messaging apps
The judge did not provide a reason for denying the motion “without prejudice” but added the matter would face oral argument in a Feb. 9 hearing. Go to Source Powered by WPeMatico
Former Coinbase manager slams SEC in motion to dismiss insider trading case
The attorneys for brothers Ishan and Nikhil Wahi want the case thrown out, arguing that the Securities and Exchange Commission was wrong when it charged the pair. Go to Source Powered by WPeMatico
FTX CEO testifies on ‘pure hell’ post-bankruptcy days at exchange
John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange’s funds, insurance, and personnel. Go to Source Powered by WPeMatico
Tax strategies allow crypto investors to offset losses
Reporting cryptocurrency when filing taxes can help investors offset their losses. Go to Source Powered by WPeMatico