Judge slams FDIC’s ‘lack of good-faith’ in censoring crypto letters to banks
A US federal judge has ordered the FDIC to redo and resubmit redactions it made to crypto “pause letters” it sent to financial institutions. Go to Source
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SEC’s Ripple appeal doesn’t challenge XRP non-security status
Ripple’s chief legal officer, Stuart Alderoty, emphasized that the SEC’s Form C doesn’t appeal the ruling that XRP is not a security. Go to Source
Nigerian court denies bail for Binance exec despite health concerns
Judge Emeka Nwite ruled that Tigran Gambaryan should stay in prison unless his health condition poses a threat to others and quarantine is unavailable. Go to Source
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
UK court rules Tether is property in first English law post-trial crypto ruling
It comes a day after a UK government bill aimed to clarify that crypto was “personal property” under property laws. Go to Source
Dogecoin Manipulation Lawsuit Against Elon Musk and Tesla Dismissed
Elon Musk and Tesla Inc. successfully had a lawsuit dismissed that accused them of manipulating the price of dogecoin (DOGE) for personal gain. A U.S. District Judge in Manhattan ruled that the plaintiffs failed to provide convincing evidence, despite multiple revisions of their claims. The lawsuit alleged that Musk’s social media influence caused a 36,000% … Read more
Durov Unaware of French Arrest Warrant — Macron Denies Knowledge of Durov’s Visit
Telegram CEO Pavel Durov was reportedly unaware of an arrest warrant issued against him in France, according to a source from the Paris prosecutor’s office. The French investigation was not linked to any U.S. actions. Neither President Emmanuel Macron nor the French foreign ministry were informed in advance of Durov’s arrest or presence in France. … Read more
Four months in prison for CZ, another US state kicks out Binance.US: Law Decoded
While Changpeng “CZ” Zhao received a surprisingly moderate jail term, Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US’ license. Go to Source
FTX founder Sam Bankman-Fried criminal trial schedule revealed
In a hearing, Assistant U.S. Attorney Danielle Kudla said the Department of Justice estimated the case could last four to five weeks. Go to Source
Ethereum price sees new low versus Bitcoin since switching to Proof-of-Stake
Ethereum spot ETF request, Ripple’s potential win against the SEC, and growing decentralized app dominance retain hope for ETH investors. Go to Source
