US consumer finance watchdog sued for treating digital wallets like banks
The new December ruling from the US Consumer Financial Protection Bureau impacts payment apps and digital wallets offered by large non-bank companies. Go to Source
Lawsuit
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Law firm says it’s pursuing potential legal action against Pump.fun
Only 0.4% of the 14 million crypto wallets that have interacted with Pump.fun have made a profit of over $10,000 — indicating that Burwick’s client base may be in the millions. Go to Source
Binance to face class action after US Supreme Court denies petition for review
The Supreme Court has denied a petition to review a lower court decision that securities laws applied to Binance. Go to Source
Art gallery argues NFT holders can’t sue it due to ‘market decline’
Eden Gallery argued that a class group of NFT buyers “may have buyers’ remorse, but their losses, if any, are due to market forces.” Go to Source
Crypto Industry Strikes Back: Lawsuit Challenges ‘Unconstitutional’ IRS Regulations
The Blockchain Association, the Defi Education Fund, and the Texas Blockchain Council are preparing to fight back against the recently finalized so-called crypto ‘broker’ rules issued by the Treasury and the IRS. The coalition asserts that these rules are unconstitutional and represent regulatory overreach by these agencies. Crypto Coalition Files Lawsuit to Push Against IRS … Read more
Coinbase faces $1B lawsuit over wBTC delisting
BiT Global is suing Coinbase for $1 billion, claiming unfair practices after it delisted wBTC to promote its own competing product, cbBTC. Go to Source
US Supreme Court bucks Nvidia’s appeal to dismiss crypto class suit
Nvidia has lost a Supreme Court challenge to try stop an investor-led lawsuit that says it understated its GPU sales to crypto miners. Go to Source
Bitcoin miner Hut 8 argues to toss ‘short and distort’ shareholder suit
Hut 8 has argued a lawsuit from its shareholders arose “from a short seller’s attempt to obtain a monetary gain on its short position” in the crypto miner. Go to Source
XRP returns to 3rd-largest crypto after 4-year battle with SEC
XRP has made a historic comeback as the third-largest coin by market cap, the number of “XRP” Google searches breaking above “crypto.” Go to Source
Google asks appeals court to reverse Epic Games’ antitrust case win
Google has sought to overturn Epic Games’ earlier court win that would see the tech giant forced to open its app store to third-party marketplaces and payments. Go to Source
