Tornado Cash’s Roman Storm case moves to trial as judge denies dismissal
A New York federal judge denied Roman Storm’s bid to dismiss US government charges. Storm is the co-founder of the crypto-mixing platform Tornado Cash. Go to Source
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Elon Musk drops lawsuit against OpenAI CEO Sam Altman
Musk’s decision came one day before a federal judge was set to decide whether to dismiss the case or allow it to proceed to the next stage. Go to Source
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. Go to Source
Coinbase to file order seeking dismissal of SEC lawsuit
Paul Grewal said Coinbase will seek to dismiss the SEC’s suit on Aug. 4 which will argue that it never sold securities as the regulator alleged. Go to Source Powered by WPeMatico
Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse
The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra blockchain project, have been questioned by U.S. law enforcement. Unusual Relationship: … Read more
Federal Judge Rules NBA Top Shot NFTs May Be Considered Unregistered Securities
A federal judge, Victor Marrero, ruled on Wednesday that the NBA Top Shot non-fungible tokens (NFTs) issued by Dapper Labs may meet the requirements to be considered an unregistered security. The case arose in 2021 when an NBA Top Shot collector sued Dapper Labs, claiming that the NBA Top Shot NFTs, known as “Moments” issued … Read more
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings
FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best interests” of creditors, and FTX debtors do not believe Turkish authorities “or any liquidator” in the country will cooperate with officials … Read more
Kleiman Estate Says Satoshi Reveal ‘Is Relevant’ in Billion Dollar Bitcoin Lawsuit
In the state of Florida, there’s an ongoing lawsuit against Craig Wright, the self-proclaimed Satoshi Nakamoto, for billions of dollars. Wright is being sued by the Kleiman family on behalf of the late Dave Kleiman for allegedly misappropriating billions worth of BTC through a partnership years ago. On March 29, the Kleiman vs. Wright discovery … Read more
215,000+ Sign Petition Against South Korean Crypto Regulation – Government to Respond
A national petition against extreme cryptocurrency regulations in South Korea has exceeded 200,000 signatures, the requirement for the government to respond. The petition entitled “Has the government ever dreamed a happy dream for the people?” was filed on December 28. Meanwhile, another related petition calls for the removal of the governor of the country’s Financial … Read more
