Litigation – DIGIT INFO

Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court’s 10% Reversal Rate

DIGIT — Sun, 18 Aug 2024 01:46:06 +0000

Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed confidence that any appeal by the SEC would likely fail. Alderoty urged the SEC to focus on its core mission […]

Go to Source

US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery

DIGIT — Thu, 08 Aug 2024 18:05:57 +0000

A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of Enforcement, emphasized that this multibillion-dollar recovery is the largest recovery in CFTC history. FTX and Alameda Ordered […]

Go to Source

Coinbase Legal Chief Urges SEC Chair to Stop Misleading the Market About Crypto Tokens Being Securities

DIGIT — Wed, 08 May 2024 22:10:42 +0000

Coinbase’s chief legal officer has publicly urged U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to stop misleading the market regarding crypto tokens being securities. His request followed Gensler’s repeated assertions that numerous crypto tokens conform to the legal definition of securities, thereby requiring compliance with SEC regulations. Coinbase’s CLO to Gensler: Please Stop […]

Go to Source

JPMorgan Anticipates SEC Approving Spot Ethereum ETFs After Litigation Process

DIGIT — Sat, 06 Apr 2024 23:24:50 +0000

Global investment bank JPMorgan anticipates that the U.S. Securities and Exchange Commission (SEC) will eventually approve spot ether exchange-traded funds (ETFs). However, the firm pegs the chance of approval in May at 50%, foreseeing a potential litigation process if an ether ETF application is rejected at that time. JPMorgan on Potential SEC Approval of Spot […]

Go to Source

SEC’s crypto actions surged 183% in 6 months after the FTX collapse

DIGIT — Thu, 08 Jun 2023 11:20:29 +0000

The regulator stepped up enforcement actions in the crypto space following the revelations that took place around FTX.

Go to Source

Coinbase remains ‘100% committed’ to US market: Armstrong

DIGIT — Fri, 05 May 2023 05:26:44 +0000

The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much.

Go to Source

Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations

DIGIT — Mon, 17 Apr 2023 14:00:33 +0000

According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations in the United States. ‘Lack of Regulatory Clarity’ in the U.S. […]

Go to Source

Crypto regulation decided by Congress, not the SEC: Blockchain Association

DIGIT — Wed, 15 Feb 2023 01:30:13 +0000

The group’s policy head doubted a divided Congress can create crypto legislation but said it doesn’t give regulators absolute authority in the interim.

Go to Source

Gas-to-Bitcoin Firm Crusoe Energy Sues Rival Alkane Midstream Over Patent Infringement

DIGIT — Sat, 27 Aug 2022 00:30:47 +0000

The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy is suing the rival firm Alkane Midstream LLC over alleged patent infringement and poaching customers in Colorado. Crusoe’s lawsuit claims since November 2019, “Alkane was actively monitoring Crusoe and its business.” Crypto Flare Mitigation Company Crusoe Files a Lawsuit Against the Texas-Based Alkane Midstream Gas-to-bitcoin flare mitigation company […]

Go to Source

Regulatory uncertainty creates rash of ‘novel’ lawsuits: Legal experts

DIGIT — Wed, 29 Jun 2022 04:20:52 +0000

“Litigation and enforcement activity is likely to accelerate in the current regulatory climate, perhaps in unpredictable ways,” says lawyers from Choate Hall & Stewart LLP.

Go to Source