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A U.S. court sentenced the former CEO of defunct crypto firm Safemoon to 100 months in federal prison for defrauding investors. The CEO was also ordered to forfeit $7.5 million and two properties, with restitution to be determined later. Asset Forfeiture and Victim Restitution A U.S. court has sentenced the CEO of Safemoon, the defunct … Read more
Sam Bankman-Fried has filed a pro se motion for a new trial in federal court, arguing newly discovered evidence and alleged constitutional violations warrant revisiting his FTX fraud conviction. First reported by Inner City Press, the motion was docketed Feb. 10 in the U.S. District Court for the Southern District of New York, according to … Read more
Polymarket said Monday it has filed a federal lawsuit against Massachusetts, arguing that only federal regulators—not individual states—have authority over its event-based prediction markets. Polymarket Seeks Federal Ruling to Block Massachusetts Enforcement Polymarket’s chief legal officer, Neal Kumar, disclosed the action in a post on X, saying the company is seeking to block Massachusetts from … Read more
New York Attorney General Letitia James and four district attorneys warned that the GENIUS Act gives stablecoin issuers legal cover to profit from fraud while failing to require the return of stolen funds to victims. According to the letter, first reported on by CNN’s Allison Morrow, addressed to Senate Democratic leaders, James and prosecutors including … Read more
XRP gains fresh legal certainty as a federal appeals court ruling narrows investor claims, reinforcing confidence in early token distributions and strengthening Ripple’s long-running regulatory outlook amid renewed market optimism. XRP Holds Strong as Court Filing Reinforces Ripple’s Prior Legal Wins XRP continues to demonstrate resilience as regulatory clarity around long-running legal disputes involving Ripple … Read more
The Australian Federal Court fined BPS Financial $9.7 million for operating its Qoin Wallet without a license and making misleading claims about its functionality. Permanent Ban on Qoin Promotion The Australian Federal Court has ordered digital currency payments provider BPS Financial to pay total pecuniary penalties of $9.7 million (AUD$14 million) following a lengthy legal … Read more
South Korea’s top court has drawn a hard legal line on digital assets, ruling that bitcoin held on exchanges can be seized during criminal probes, cementing virtual assets as enforceable property under criminal procedure. Supreme Court Confirms Exchange-Held Bitcoin Can Be Seized A landmark judicial decision has addressed how digital assets interact with criminal procedure. … Read more
The new bill would bar federal officials from trading prediction‑market contracts based on insider information, such as knowledge about military attacks on foreign powers. Representative Ritchie Torres (D‑NY) will support the introduction of the Public Integrity in Financial Prediction Markets Act of 2026, which would prohibit elected officials, political appointees and Executive Branch employees from buying, selling … Read more
Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. Is Crypto a Security? Part VI The opinion editorial below was written by Alex Forehand and Michael Handelsman for Kelman.Law. With the legal landscape still fragmented and formal … Read more
Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. Is Crypto a Security? (Part V) The opinion editorial below was written by Alex Forehand and Michael Handelsman for Kelman.Law. The U.S. regulatory environment for digital assets in … Read more