Court greenlights expediting Consensys, SEC lawsuit

A federal judge has approved a timeline for the court to consider the merits of the lawsuit filed by software firm Consensys against the US Securities and Exchange Commission (SEC) and its commissioners.

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Coinbase files motion to reinforce judge’s ruling on Binance case: Secondary market transactions not securities

Coinbase's filing challenges a recent court decision that allowed the SEC's lawsuit against Coinbase to proceed. The post Coinbase files motion to reinforce judge’s ruling on Binance case: Secondary market transactions not securities appeared first on Crypto Briefing.

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Attorney Sheds Light On Possible SEC Judgement As Ripple Enters Final Days Of Legal Battle

An attorney has provided insights on the impending court judgment from the United States Securities and Exchange Commission (SEC) concerning its lawsuit against Ripple. As the legal battle finally appears to be approaching its end, the attorney has outlined how the potential judgements could impact Ripple’s reputation and digital asset operations in the United States […]

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Nigerian court drops Binance Anjarwalla’s case following his custody escape

A federal high court in Nigeria has dismissed a human rights lawsuit filed by Binance executive Nadeem Anjarwalla against the country’s National Security Adviser and the Economic and Financial Crimes Commission.

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Nvidia crypto mining lawsuit sees silver lining - Stock rises 3.5%

Nvidia faced the Supreme Court review for securities fraud.  Nvidia's $3.34 trillion market value surpassed Microsoft and Apple. In a recent turn of events, the U.S. Supreme Court agreed toThe post Nvidia crypto mining lawsuit sees silver lining - Stock rises 3.5% appeared first on AMBCrypto.

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US Supreme Court to review Nvidia’s appeal in crypto mining lawsuit

The US Supreme Court has agreed to hear Nvidia's appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about the impact of cryptocurrency sales on its financial performance.

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US Supreme Court to review Nvidia shareholder lawsuit

The Supreme Court has agreed to review Nvidia's request to dismiss a securities fraud lawsuit. 

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Elon Musk drops lawsuit against OpenAI

Elon Musk dropped his lawsuit against OpenAI, according to two June 11 court filings. One filing states that Musk, as the plaintiff, filed a notice of entry of dismissal and proof of service. The other states that the case has been dismissed without prejudice, leaving Musk with the option of refiling it later.

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Dapper Labs settlement affirms NBA NFTs are not securities

Dapper Labs’ $4 million settlement deal to conclude a class-action lawsuit against the company maintains that NBA Top Shot nonfungible tokens (NFTs) are not securities, according to CEO Roham Gharegozlou.

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Terraform Labs, Do Kwon reach tentative settlement with SEC to end civil lawsuit

Singapore-based Terraform Labs and its founder, Do Kwon, have reached a settlement agreement with the SEC to end the civil lawsuit filed in the US over allegations of defrauding crypto investors. The development comes after a jury in the US District Court for the Southern District of New York found the company and Kwon liable […] The post Terraform Labs, Do Kwon reach tentative settlement with SEC to end civil lawsuit appeared first on CryptoSlate.

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BitGo’s $100M Suit Against Galaxy Digital Can Proceed, Delaware Supreme Court Rules

Cryptocurrency custodian BitGo will get a fresh chance to sue financial services firm Galaxy Digital over the two companies’ failed $1.2 billion merger agreement after Delaware’s Supreme Court reversed an earlier ruling to dismiss BitGo’s lawsuit.

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Ripple Vs. SEC Lawsuit: Latest Filing Marks Beginning Of The End Of Historic Battle

The long-running legal battle between the Securities and Exchange Commission (SEC) and Ripple is one step closer to an end with the Commission’s latest filing. The court is expected to give its judgment soon enough, as both parties have filed all necessary briefs.

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Satoshi Mystery: Court Releases Final Ruling in Craig Wright Lawsuit

Implications of approved ruling remain profound for cryptocurrency industry

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The Crypto Lawsuit State of Play

Last month, Ethereum incubator ConsenSys sued the U. S. Securities and Exchange Commission (SEC) for an injunction asking a federal court to block the regulator from investigating its MetaMask offering or from declaring Ether (ETH) a security.

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Custodia Bank Appeals Court Loss in Fed Master Account Lawsuit

Custodia, a Wyoming-based aspiring crypto bank, filed a notice of appeal against a court ruling that affirmed the Federal Reserve's rejection of its bid for a master account and membership.

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Ripple Vs. SEC Lawsuit: Court Gives Regulator Tight Deadline To Strike Back

In the latest updates on the court case between Ripple and the United States Securities and Exchange Commission (SEC), the Magistrate Judge Sarah Netburn, has ordered strict deadlines for the regulatory agency to respond to the crypto firm’s motion.

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Consensys Takes SEC To Court Over Efforts To Regulate Ethereum As Security

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Ripple's Top Lawyer Reacts to Consensys's Lawsuit Against SEC

Ripple's top lawyer claims that his take from 2022 "aged well" after Consesys took the SEC to court

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Consensys sues SEC, seeks court declaration that Ethereum is not a security

Consensys filed a lawsuit against the US Securities and Exchange Commission (SEC) on April 25 over allegations that the watchdog has overstepped in its authority in trying to regulate Ethereum (ETH).

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Consensys sues the SEC, wants court to declare Ethereum not a security

Consensys, a blockchain software technology company backing the Ethereum blockchain, has sued the US Securities and Exchange Commission (SEC). Consensys sues the SEC The lawsuit, filed in the District Court for the Northern District of Texas, concerns Consensys’ complaint against the SEC’s impending enforcement action against the company. Also key to the lawsuit is Consensys’ […]

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Consensys sues SEC over Ethereum classification, claims regulatory overreach

Consensys filed a lawsuit against the SEC seeking a court ruling that Ethereum's ether token is not a security amid the agency's crackdown on crypto firms The post Consensys sues SEC over Ethereum classification, claims regulatory overreach appeared first on Crypto Briefing.

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Binance slapped with a new class-action lawsuit in Canada

Cryptocurrency exchange Binance is embroiled in a legal battle in Canada as it faces a class-action lawsuit for allegedly breaching local securities laws. The lawsuit, filed in Ontario’s Superior Court of Justice, accuses Binance of selling crypto derivative products to retail investors without proper registration, contravening the Ontario Securities Act (OSA) and federal law. The […]

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SEC Vs Justin Sun Case Update: Regulator Provides Additional Information In Lawsuit Against Tron Founder

The United States Securities and Exchange Commission (SEC) has filed new court documents in its ongoing lawsuit against Justin Sun, the founder of the TRON blockchain, and the companies allegedly owned and controlled by him.

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XRP’s Fate Hangs In The Balance As Ripple vs. SEC Lawsuit Likely Headed To Supreme Court

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Ripple Lawsuit Might Make It to Supreme Court: Former SEC Litigator

The lawsuits against Ripple and Coinbase could make it to the Supreme Court, according to a former SEC litigator

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Coinbase Launches Interlocutory Appeal In SEC Case – Details

Coinbase is seeking an interlocutory appeal in its ongoing court case with the US Securities and Exchange Commission (SEC). This petition marks the latest development in a highly-monitored lawsuit stretching as far back as June 2023.

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ASIC challenges Australian federal court over Finder Wallet

The Australian Securities and Investments Commission (ASIC) has appealed to the federal court regarding its decision to dismiss the regulator’s civil penalty lawsuit against Finder Wallet Pty Ltd. “ASIC has appealed the Federal Court’s decision to dismiss ASIC’s proceedings against…

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TRON Foundation, Justin Sun Ask U.S. Court to Dismiss SEC Lawsuit

The TRON Foundation and Justin Sun asked a New York court to dismiss an SEC lawsuit, arguing that the regulator failed to establish that the court has jurisdiction over the foreign defendants.

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Court rules in favor of Apple in class action over crypto payment policies

A California judge dismissed a class action lawsuit against Apple that accused the tech giant of imposing restrictions on third-party crypto payments on March 26. District Judge Vince Chhabria said the complaint contained “several fatal problems,” including inadequately alleged agreements between Apple and other payment services.

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Crypto price predictions: Aevo, Clover Finance, BitBot

Cryptocurrency prices moved sideways after the Department of Justice (DoJ) sued KuCoin, one of the biggest exchanges in the world. They also wavered after a court ruled that the SEC lawsuit against Coinbase may continue.

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XRP Lawsuit Battle Heats Up: Ripple And SEC Agree To Seal Details In Settlement Negotiations

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Australian Court Dismisses Lawsuit by Market Regulator Against Finder in 'Landmark' Ruling for Crypto Industry

An Australian Federal Court handed the Australian cryptocurrency industry a major victory in a landmark judgement on Thursday.

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Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters

A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024.

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How an Appeals Court Ruled on an Aspiring Class-Action Lawsuit Against Binance

A federal appeals court ruled last week that Binance needs to face a putative class-action lawsuit from a group of U. S. -based crypto investors who allege the exchange allowed them to buy and trade unregistered securities in the form of certain cryptocurrencies.

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Appeals Court Revives Aspiring Class Action Lawsuit Against Binance

A Friday ruling doesn't make any declaration on whether the tokens at the heart of a lawsuit against Binance are securities, but it may give investors a chance to argue that they are.

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Binance faces another lawsuit over US investors crypto losses

A federal appeals court has reinstated its lawsuit against cryptocurrency exchange Binance.

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Digital Currency Group Counters Lawsuit: Moves To Dismiss NY Attorney General’s Allegations

According to a Fortune Magazine report, Digital Currency Group (DCG) has submitted a motion to the New York Supreme Court to dismiss a lawsuit filed against the company by New York Attorney General Letitia James.

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Binance.US Slashed Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: Court Transcript

"The allegations of the SEC severely undermined institutional trust in our platform," Binance.US executive Christopher Blodgett said during a deposition.

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xAI Corp owner Elon Musk sues OpenAI for straying from non-profit roots

Elon Musk has filed a lawsuit against OpenAI, its co-founders Sam Altman and Greg Brockman, and other related entities. According to the Feb. 29 court filing, Musk alleged that the defendants were in breach of their founding agreement, which stipulated that the company would develop artificial general intelligence (AGI) for the benefit of humanity, not […] The post xAI Corp owner Elon Musk sues OpenAI for straying from non-profit roots appeared first on CryptoSlate.

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EIA voluntarily pauses Bitcoin miner survey following lawsuit over energy scrutiny

A US court has temporarily suspended an Energy Information Administration (EIA) directive requiring Bitcoin miners to participate in a mandatory survey.  The decision, made by Judge Alan Albright, prevents the EIA from enforcing the Texas Blockchain Council and its members…

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SEC sued over unlawful targeting of crypto industry

The US Securities and Exchange Commission (SEC) has been sued in Texas for “unlawful targeting” digital asset businesses. The lawsuit was filed in the United States District Court for the Northern District of Texas on Wednesday by crypto startup LEJILEX and Crypto Freedom Alliance of Texas LEJILEX is filing the lawsuit ahead of its plans […] The post SEC sued over unlawful targeting of crypto industry appeared first on CoinJournal.

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FTX secretly used Deltec Bank to create and sell Tether for profit, lawsuit alleges

FTX companies created and profited from Tether through an arrangement with a partner bank, according to a court case described by Bloomberg on Feb. 17. The case quoted Caroline Ellison, former CEO of Alameda Research, as stating: “Alameda could create USDT on credit through the unofficial Deltec Line of Credit and sell that USDT for […] The post FTX secretly used Deltec Bank to create and sell Tether for profit, lawsuit alleges appeared first on CryptoSlate.

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Binance Seeks Dismissal of SEC Suit Amid Recent Legal Challenges

Binance has urged the US District Court to dismiss the SEC lawsuit, arguing that the SEC lacks authority over crypto sales and failed to establish an investment contract. The post Binance Seeks Dismissal of SEC Suit Amid Recent Legal Challenges appeared first on BeInCrypto.

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Judge threatens to sanction SEC over ‘misleading’ statements in crypto case

U. S. District Judge Robert Shelby issued a stern warning to Securities and Exchange Commission (SEC) attorneys regarding possible sanctions for “misleading” court proceedings in a lawsuit against the cryptocurrency firm Debt Box, according to court filings.

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Terraform Labs and Do Kwon face class-action lawsuit in Singapore

Terraform Labs, a Singapore-incorporated company behind the Terra blockchain, and its co-founder Do Kwon, are now grappling with the advancement of a class-action lawsuit in Singapore. The High Court recently dismissed the defendants’ attempt to shift the case to arbitration, marking a significant development in the legal saga.

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Kraken to respond to SEC lawsuit, inspired by Ripple

Cryptocurrency exchange Kraken, facing charges from the U.S. Securities and Exchange Commission (SEC), will fight the regulator and respond to the complaint in court. As the company’s chief legal officer (CLO) Marco Santori told CNBC, the legal battle with the…

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Cristiano Ronaldo faces lawsuit over Binance promotion and unregistered securities

The soccer mogul Cristiano Ronaldo is facing a class-action lawsuit from plaintiffs claiming to have suffered financial losses linked to his promotion of Binance. The lawsuit was filed on Nov. 27 in a Florida District Court and accuses Ronaldo of…

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FTX Fraud: Mercedes F1 Team And Major League Baseball Indicted In New Lawsuit

In addition to a long list of court filings, FTX investors have filed a new lawsuit against the Mercedes F1 team and Major League Baseball, accusing them of aiding the exchange’s fraud schemes by promoting the exchange’s brand and logo.

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Celsius entity to focus only on mining under proposed reorganization plan

The lending firm has been in bankruptcy court since its Chapter 11 filing in 2022, while the SEC filed a lawsuit against both the firm and former CEO Alex Mashinsky in July.

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