Tag: legal

Ripple has engaged in a fierce legal battle against the U.S. Securities and Exchange Commission (SEC). The financial watchdog claims that the distributed ledger startup, co-founder Chris Larsen, and CEO Brad Garlinghouse sold unregistered securities...

Payments firm Ripple Labs (XRP) has won a ‘discovery’ from the US Securities and Exchange Commission (SEC), as per a report on legal news outlet Law360. It would now be allowed to view...

US courts dismissed an antitrust lawsuit that alleged prominent investors and individuals schemed to hijack the Bitcoin Cash network, the world’s thirteenth largest crypto network by market cap. A controversy around Bitcoin Cash The complaint, amended in March 2020 and filed...

After being rejected initially, the group of XRP holders led by lawyer John Deaton has ultimately been allowed to file a motion to intervene in the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple Labs, according to a court order published yesterday. “The Court has reviewed...

Olta Andoni, fintech and IP Attorney at Zlatkin Wong and adjunct professor at Chicago Kent College of Law, Tonya Evans, visiting Full Professor of Law at Penn State Dickinson Law School and host of the podcast Tech Intersect, and Stuart Levi, co-head of the Intellectual Property and Technology practice at Skadden Arps and coordinator of the firm's Blockchain and Digital Asset practice, break...

In the on-going case of Ripple vs. the U.S. Securities and Exchange Commission (SEC), last week, the SEC refused to produce documentation on Bitcoin and Ethereum. They argued that the request is irrelevant to this case. However, yesterday, Ripple Labs filed a response letter with magistrate judge Sarah Netburn, requesting the SEC...

The US Securities and Exchange Commission’s (SEC) lawyers have indirectly stated that cryptocurrency exchanges are not violating any guidelines by allowing Ripple’s XRP trading on their platforms, attorney Jeremy Hogan revealed yesterday. During a court hearing that Hogan attended, Magistrate Judge Sarah Netburn made a remark to the SEC’s attorney that, based upon his theory, everyone...

XRP holders got a setback this week even as Ripple and the US Securities and Exchange Commission (SEC) battle out an alleged securities case. Some holders had earlier blamed the lawsuit caused them financial losses, but courts have dismissed the plea. Holders represent...

The U.K.'s advertising watchdog has banned a newspaper advert on the grounds that it irresponsibly promoted Bitcoin. A member of the public complained that the advert was misleading and socially irresponsible. Following an investigation, the complainant's objections were upheld by The Advertising Standards Authority (ASA). "The complainant, who...

BitMEX co-founder Ben Delo has surrendered before authorities in the US on charges of money laundering, reported industry publication Bloomberg this morning....

Gary Gensler is edging closer to taking charge at the Securities and Exchange Commission (SEC). With that, the Ripple faithful hold hope that one of Gensler's first acts, if he clears the final hurdle, will be to withdraw the lawsuit. The suggestion comes from former SEC Commissioner...

Wyoming, the state in the United States, has introduced legislation to create crypto regulations. The new law would grant Crypto DAOs legal approval and exclude digital tokens from being considered a form of securities, which could shape future legislation. Warren Davidson Re-introduces “Token Taxonomy Act” for Crypto Regulations After two failed attempts to introduce legislation [...] The post Wyoming Moves to Grant DAOs...

Eccentric entrepreneur John McAfee is in more trouble with U.S. authorities over an alleged "pump and dump" scheme and ICO. McAfee Charged With Fraud McAfee has been indicted on charges of fraud and money laundering by the U.S. Department of Justice (DOJ). The United States Attorney for the Southern District of New York said in a...

Litigation law firm Ontier LLP has initiated legal action on behalf of self- proclaimed Bitcoin (BTC) creator Craig Wright to recover £3.5 billion (roughly $4.95 billion) worth of BTC, according to a document published yesterday. Essentially, the firm demands that “developers for BTC, BCH, BCH ABC and BSV” enable Craig Wright’s company Tulip Trading Limited (TTL) to “regain access...

A long-running case regarding Tether’s alleged fake dollars and Bitfinex’s involvement in covering up parts of the former’s business have drawn to a close today. $18.5 million fine Stablecoin issuer Tether and Bitfinex, a prominent crypto exchange and its parent company, have today settled with New York courts on a...

Ripple Labs, the issuer of the payments token, faces scrutiny in US courts for its alleged role in misguiding investors and selling an unlicensed security. The hearing is scheduled for February 22, i.e. today, but investors are already betting on a favorable outcome. XRP pumps...

The SEC's case over allegedly unlawful sales of XRP by Ripple to retail investors is entering the discovery phase.

The SEC's case over allegedly unlawful sales of XRP by Ripple to retail investors is entering the discovery phase.

Suarez "wants to make sure that there is no city or state that has more favorable laws and regulations.”

German authorities have learned about crypto recovery the hard way. A recent case saw them seize over $60 million worth of Bitcoin from a fraudster….who never gave them the private key to the stash. Not your keys, on your coins A private key is a sophisticated form of cryptography that allows a user to access...