SEC seeks dismissal of Kraken defenses in ongoing legal dispute
The SEC argued that Kraken’s defenses about the major questions doctrine are a “due process fail as a matter of the law.” Go to Source
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Microsoft risks shareholder lawsuit if it ignores Bitcoin and prices rise — NCPPR
Microsoft has a “fiduciary duty” to do what is in the financial interests of shareholders and knocking back Bitcoin could go against those interests, a policy research center executive explained. Go to Source
Crypto titans back clothing firm’s suit against SEC’s ‘unwritten’ rules
Coinbase, a16z, Multicoin Capital, and Paradigm have filed an amicus brief supporting Beba LLC and DeFi Education Fund’s preemptive lawsuit against the SEC. Go to Source
FTX estate sues KuCoin to recover over $50M in assets
The assets were initially valued at $28 million but now exceeded $50 million due to market fluctuations. The assets have been frozen by KuCoin since FTX’s collapse in November 2022. Go to Source
Ripple ‘made a mistake’ not talking to regulators early, says CEO
Ripple should have engaged with US regulators a lot earlier, says the firm’s CEO Brad Garlinghouse, who added it’s now “trying to make up for lost time.” Go to Source
Teen’s mom sues Character.ai, alleging sexed-up bots led to son’s death
The 14-year-old boy’s last interaction was with a Character.ai chatbot before he tragically shot himself in the head in February, his mom alleged in a lawsuit filed on Oct. 22. Go to Source
Polymarket is scanning for US users as election odds skew toward Trump: Report
Donald Trump now has 63.7% odds on Polymarket to win the US presidential election, but voter polls suggest otherwise. Go to Source
Game developer sues Jump Crypto for alleged pump and dump, $1.4M freeze
The developer of a post-apocalyptic Web3 game sued market maker Jump Crypto for allegedly dumping its coins on the market in breach of its contract. Go to Source
Crypto.com sees ‘strong legal footing’ in crypto rulings against SEC
Previous crypto rulings against the SEC have put Crypto.com on a “strong legal footing” in its lawsuit against the regulator, its chief legal officer Nick Lundgren said. Go to Source
$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery
James Howells is suing Newport City Council after a decade-long fight to recover a hard drive containing 7,500 bitcoins, now worth nearly $500 million, mistakenly dumped in 2013. The council has repeatedly denied excavation requests, citing environmental concerns. Howells claims the data is recoverable. Council Sued Over Lost $500M Bitcoin Hard Drive James Howells, an … Read more
