‘Explosion’ in election gambling will harm public interest: CFTC
The US commodities regulator says prediction markets can be vulnerable to “spectacular manipulation.” Go to Source
Law
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UK Court Recognizes USDT as ‘Distinct Form of Property’
A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible property in legal disputes. UK Court Recognizes USDT as Legal Property The High Court of Justice, Business … Read more
Sam Bankman-Fried files appeal for felony conviction
Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial, was convicted of seven felony counts, and was sentenced to 25 years in prison. Go to Source
North Carolina resists the CBDC tide with new payments ban
A new law in North Carolina seeks to ban CBDCs in the state, but there are questions about whether the new legislation is even legal. Go to Source
Judge questions if ex-FTX exec perjured himself in guilty plea
At a Sept. 12 hearing, Judge Lewis Kaplan moved up Ryan Salame’s reporting date by two days and considered vacating his guilty plea. Go to Source
UK gov’t introduces bill to clarify crypto’s legal status
The proposed legislation would create an additional property category under UK law, identifying digital assets as “things.” Go to Source
Caroline Ellison asks for time served, citing cooperation with US gov’t
The elusive former CEO of Alameda Research will return to court on Sept. 24 for sentencing after pleading guilty to fraud and money laundering in 2022. Go to Source
India tops global crypto use despite offshore exchange ban
India ranked first in Chainalysis’ 2024 Global Crypto Adoption Index, in addition to ranking second in the CSAO region in terms of crypto value received. Go to Source
Coinbase secures partial victory over SEC in motion to compel discovery
Paul Grewal, Coinbase’s chief legal officer, said the SEC would be compelled to produce “important discovery” in its civil case after a judge’s order. Go to Source
Celebrities boost crypto projects but don’t guarantee legitimacy
In some cases, celebrity backing for a crypto project is a red flag because it’s a scam ad made by criminals. Go to Source
