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Better Markets filed an amicus brief in the SEC vs. Ripple case, criticizing the court’s ruling for ignoring the economic realities of Ripple’s XRP token sale. District Court Failed to Appraise Today’s Investor Better Markets, a non-profit committed to building a resilient financial system, has filed an amicus brief in the case between the U.S. … Read more
A federal appeals court in Texas has overturned sanctions levied against Tornado Cash, a cryptocurrency mixing platform, determining that the Treasury Department acted beyond its lawful authority. Court Rebukes Treasury Department Overreach in Tornado Cash Case On Jan. 21, 2025, the Fifth Circuit Court of Appeals delivered its ruling, responding to a lawsuit filed by … Read more
After pardoning Ross Ulbricht, speculation increases about whether the new president will grant clemency to Roger Ver, a pivotal figure in Bitcoin’s early rise. In the wake of Elon Musk’s recent acknowledgment of and seeming interest in advocating for a presidential pardon for Roger Ver, the cryptocurrency community is abuzz with speculation regarding potential clemency … Read more
The U.S. sentenced an Indian cryptocurrency vendor to 121 months in prison for laundering over $20 million through darknet platforms and an international hawala network. Cryptocurrency Laundering Scheme Ends in Prison Sentence The U.S. Department of Justice (DOJ) announced on Jan. 17 that Anurag Pramod Murarka, a 30-year-old Indian national, has been sentenced to 121 … Read more
A Russian national was sentenced to seven years in prison for high treason involving cryptocurrency. The individual repeatedly transferred funds to a unit of the Ukrainian Armed Forces using crypto. Russian National Sentenced to 7 Years in Jail for Using Crypto to Fund Ukrainian Forces One of the first cases involving crypto funding and treason … Read more
The U.S. Securities and Exchange Commission (SEC) has escalated its legal battle with Ripple, filing an appeal to contest portions of a district court ruling that categorized the XRP token differently based on whether sales were made to institutional investors or retail participants. SEC Takes XRP Ruling to Appeals Court Ripple’s leadership, however, has dismissed … Read more
A report reveals that Tether, the world’s leading stablecoin issuer, has reportedly initiated legal action against the bitcoin-focused firm Swan Bitcoin. Proceedings are said to have been filed in the High Court of England and Wales, marking the latest development in this unfolding dispute. Report Says Tether Has Filed a Lawsuit Against Swan Bitcoin in … Read more
A federal court has determined that 94,643 bitcoin, seized following the infamous 2016 Bitfinex hack, will be returned to the cryptocurrency exchange as part of voluntary restitution agreements tied to plea deals with the convicted perpetrators. Voluntary Restitution in Bitfinex Hack Includes $9 Billion in Bitcoin With a valuation exceeding $9 billion, this recovery represents … Read more
A South African law enforcement agency has opposed bail for Ziyadh Hoorzook, who is accused of donating bitcoin to an organization allegedly funding terrorism. Hawks Say They Uncovered Compelling Evidence A South African law enforcement agency recently argued against granting bail to a man accused of donating $614 in bitcoin (BTC) to an organization allegedly … Read more
A federal court has forced the SEC to explain its denial of Coinbase’s rulemaking petition, marking a pivotal moment in cryptocurrency regulation battles. Court Forces SEC to Justify Actions in Coinbase Crypto Clash A significant legal milestone has been reached in the ongoing conflict between Coinbase and the U.S. Securities and Exchange Commission (SEC). Coinbase … Read more
