Former Binance CEO Changpeng “CZ” Zhao has been ordered to pay $150 million, while Binance will pay $2.7 billion to conclude the CFTC enforcement action.
Category: U.S. District Court
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Coinbase disputes SEC’s crypto authority in final bid to toss regulator’s suit
Coinbase says the SEC’s definition of an investment contract isn’t in line with U.S. securities laws.
SBF’s lawyers want to quiz jurors on crypto, altruism and ADHD
U.S. prosecutors, meanwhile, want to ask prospective jurors their beliefs on how cryptocurrency should be regulated.
NFT app Rebase co-founder accused of going ‘rogue’ in suit by partner
An apparent business partner of Rebase’s co-founder claims he was pushed out of the firm and funds he owned were moved from a joint crypto wallet.
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SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit
According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case against Terraform Labs, which insists […]Powered by WPeMatico
US Authorities Indict a Canadian Telecom Provider in a Crypto Money Laundering Case With Encrypted Phones
A communications provider is in legal trouble with the U.S. authorities for a money laundering case involving cryptocurrencies. A federal court incited Sky Global for allegedly having facilitated criminal organizations to launder millions worth in crypto. Sky Global Is Also Accused of Remotely Destroying Devices to Avoid Seizing Per the filings, the Southern District of […]Powered by WPeMatico
US Judge Denies Request to Add XRP Holders as Intervenors in SEC’s Lawsuit Against Ripple
A U.S. judge has denied the request to add XRP token holders as intervenors in the Securities and Exchange Commission (SEC)’s ongoing case against Ripple. In a ruling made one day after the motion was filed, the judge, Analisa Torres denied the token holders’ request “without prejudice to renewal.” Protecting Interests of XRP holders In […]Powered by WPeMatico
JP Morgan Chase Hit With Million Dollar Class Action Crypto Lawsuit
The largest bank in the United States, JP Morgan Chase, found itself the subject of a federal class action lawsuit this week. The complaint alleges that after hindering customers from buying cryptocurrencies, the bank charged enthusiasts extra fees and higher interest rates. Also read: Bitgrail’s $170M Hack Continues to Provide Drama JP Morgan Chase Subject of […]
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