Coinbase Asks District Court to Resume Its Legal Battle Against the FDIC

Coinbase has asked the court to continue its lawsuit against the FDIC, accusing the regulator of halting the flow of crucial information in their ongoing dispute over Operation Choke Point 2.0. The post Coinbase Asks District Court to Resume Its Legal Battle Against the FDIC appeared first on BeInCrypto.

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Microsoft to crackdown on generative AI misuse by criminals

Microsoft has filed a lawsuit aimed at disrupting cybercriminal operations that abuse generative AI technologies, according to a Jan. 10 announcement. The legal action, unsealed in the Eastern District of Virginia, targets a foreign-based threat group accused of bypassing safety measures in AI services to produce harmful and illicit content.

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Citadel Securities lawsuit proceeds against former employees’ crypto startup

The U. S District Court in Manhattan has ruled the Citadel Securities’ lawsuit accusing crypto-trading startup Portofino of stealing the firm’s trade secrets can largely proceed. According to a court filing on Oct.

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Homeowner lawsuit over $170K crypto theft rejected on appeal  

A United States appeals court said a district court was right to toss Ali Sedaghatpour’s lawsuit claiming that his insurer, Lemonade Insurance, should cover him for a crypto scam loss.

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‘XRP Is Not A Security’: Bitnomial Files Lawsuit Against SEC

Bitnomial Exchange, LLC has filed a lawsuit against the US Securities and Exchange Commission (SEC) and its commissioners on October 10, contesting the SEC’s claim that XRP is a security. The complaint, lodged in the United States District Court for the Northern District of Illinois, seeks declaratory and injunctive relief against the federal regulator’s attempt […]

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OpenAI files motion to dismiss Elon Musk lawsuit over ‘baseless’ claims

OpenAI filed a motion to dismiss Elon Musk’s high-profile lawsuit, which accused the firm of breaching contracts, engaging in fraud, and violating racketeering laws. The motion, filed in the US District Court for the Northern District of California, argues that Musk’s claims are legally unfounded and are part of a broader strategy to gain a […] The post OpenAI files motion to dismiss Elon Musk lawsuit over ‘baseless’ claims appeared first on CryptoSlate.

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Pro-XRP Lawyer Predicts When The Ripple Vs. SEC Appeal Process Will End

On Wednesday, October 2, the United States Securities and Exchange Commission (SEC) took a formal step in extending the XRP lawsuit with Ripple by filing a Notice of Appeal of Judge Torres’s ruling. This move came on the heels of the final judgment by the US District Court, Southern District of New York on August […]

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Tough times for prediction markets: Kalshi wins case against CFTC, still faces shutdown

A U.S. District Court has ruled in favor of the Kalshi prediction market, effectively approving betting on the presidential election’s outcome. Kalshi has won a lawsuit against the U.S. Commodity Futures Trading Commission (CFTC) after the regulator banned betting on…

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Coinbase shareholder lawsuit against exchange to proceed

A New Jersey court judge deemed a lawsuit against Coinbase over its portrayal of an eventual regulatory crackdown acceptable. Late on Sept. 5, U.S. District Judge Brian Martinotti ruled that Coinbase shareholders had the right to sue the crypto exchange…

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Dogecoin flashes bullish signal as Elon Musk, Tesla wins manipulation case

In a significant legal victory for Elon Musk and Tesla, a US district court judge has dismissed a $258 billion lawsuit alleging that the tech mogul and his company manipulated Dogecoin (DOGE) price. The ruling, which came on August 30, 2024, signals a shift in the dynamics surrounding the popular meme coin, impacting its market […]

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Court drops $258b Dogecoin manipulation case against Elon Musk

A United States court dismissed a $258 billion class action lawsuit claiming that Elon Musk and his companies, SpaceX and Tesla, orchestrated a “crypto pyramid scheme.” Almost two years after the filing, Judge Alvin Hellerstein of the US District  Court…

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Elon Musk, Tesla beat Dogecoin manipulation lawsuit

A US district court judge dismissed the lawsuit, saying that “no reasonable investor” could rely on Musk’s Dogecoin tweets for investment decisions. 

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SEC lawsuit against Kraken to proceed: ruling

A California judge denied Kraken’s move to dismiss an SEC lawsuit and found the Commission’s crypto-securities argument acceptable. On Aug. 23, U.S. District Judge William H. Orrick ruled that the crypto exchange Kraken must face a Securities and Exchange Commission…

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Judge denies Kraken motion to dismiss SEC lawsuit

US District Judge William H. Orrick has ruled that the US Securities and Exchange Commission has a plausible case against crypto exchange Kraken. According to the judge, the SEC’s lawsuit against Kraken will proceed.

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Binance accused of acting as ‘get-away driver’ in new crypto laundering lawsuit

Binance and its founder, Changpeng Zhao, face a class-action lawsuit in the United States and are accused of enabling money laundering activities via crypto. The lawsuit, filed on Aug. 16 in the U.

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Why XRP Price Won’t Skyrocket After Ripple-SEC Ruling: Crypto Pundit

As the XRP lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC) inches closer to a ruling on remedies – the final ruling on district court level – the crypto community is abuzz with speculation about the potential repercussions for the XRP price.

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Binance ‘Confident’ In Legal Battle Against SEC: Judge Rejects Main Claims

Binance US is preparing for a legal battle against the Securities and Exchange Commission (SEC) after the District Court for the District of Columbia determined the SEC’s lawsuit would continue. The exchange remains confident in its case after Judge Amy Berman Jackson dismissed several “key claims” in the lawsuit.

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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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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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Google Takes On Crypto Scammers With Legal Action

Google has initiated legal proceedings against a cadre of individuals accused of executing a sophisticated crypto scam, as CNBC reports exclusively today. The lawsuit, lodged on Thursday in the Southern District of New York, targets Yunfeng Sun, also known as Alphonse Sun, and Hongnam Cheung, known alternately as Zhang Hongnim or Stanford Fischer, alongside their […]

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

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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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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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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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Apple hit with lawsuit for blocking crypto in P2P payments

Apple faces a class-action lawsuit alleging the tech giant conspired to limit peer-to-peer payment options on its devices and blocked the integration of crypto technology in iOS payment apps. The lawsuit, lodged on Nov. 17 in a California District Court,…

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Ripple Vs SEC: Judge Sets Schedule For Discovery And Briefing, What This Means

The XRP court case may be seeing an end soon as Judge Torres has officially scheduled dates for remedies discovery and briefing between Ripple Labs and the US SEC.  Ripple Lawsuit Enters Remedies Discovery Phase United States District Judge Analisa Torres has set dates for remedies discovery and briefing in the lawsuit between the United […]

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Coinbase’s Dogecoin Sweepstakes Case To Be Decided By The Supreme Court

In a recent development, the United States Supreme Court has decided to take on a lawsuit related to a Dogecoin sweepstakes, which involves Coinbase and its customers. This comes almost a year after the US District Court for the Northern District of California initially denied the exchange’s motion to force the class-action lawsuit to arbitration.  […]

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Gemini Files $1.6 Billion Lawsuit Against Genesis for GBTC Shares

New York-based cryptocurrency exchange Gemini has officially initiated legal action against Digital Currency Group’s (DCG) Genesis Global in the Southern District of New York Bankruptcy Court.

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Court dismisses Coin Center’s Tornado Cash lawsuit against US Treasury

A U. S. district court has dismissed Coin Center‘s lawsuit against the U. S. Treasury, in which the crypto advocacy group claimed that the Treasury overstepped its legal authority by sanctioning Tornado Cash—a move that it alleged infringes upon the privacy rights of many Americans.

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US Judge Dismisses Artists’ Class-Action Copyright Case Against Generative AI Companies

A US District Judge dismissed a copyright infringement lawsuit filed by artists against AI companies Midjourney and DeviantArt, asking for more clarity in their claims. The post US Judge Dismisses Artists’ Class-Action Copyright Case Against Generative AI Companies appeared first on BeInCrypto.

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Coinbase makes final stand against SEC lawsuit

The SEC’s classification of Coinbase-listed cryptocurrencies as securities is an overreach, argues Coinbase in its final attempt to dismiss the lawsuit. In a filing on Oct. 24 in a New York District Court, Coinbase criticized the Securities and Exchange Commission…

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SEC drops lawsuit against Ripple and its execs

The U. S. Securities and Exchange Commission (SEC) and Ripple have agreed to a “dismissal with prejudice,” potentially averting an upcoming trial. The U. S. Securities and Exchange Commission (SEC) has informed the U.

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CFTC Files Lawsuit Against Voyager Digital And Former CEO For Fraud

The US Commodity Futures Trading Commission (CFTC) has taken legal action against Voyager Digital and its former CEO, Stephen Ehrlich.   The CFTC filed a complaint in the US District Court for the Southern District of New York, alleging fraud and registration failures related to the operation of the Voyager digital asset platform and an unregistered commodity pool.

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SEC Opposes Coinbase’s Request to Dismiss Lawsuit

The SEC has urged a US District Court to deny Coinbase's request to dismiss its lawsuit, arguing that the exchange intermediated transactions involving securities. Coinbase insists its staking rewards are not investment profits.

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Binance And CEO Draw Legal Fire Over Claims Of FTX Manipulation

In a class-action lawsuit filed on October 2 in the District Court of Northern California, Binance (Binance Holdings Limited, BAM Trading Services, BAM Management US Holdings) and its CEO Changpeng Zhao (“CZ”) are facing serious allegations surrounding attempted monopolization of the crypto market, purportedly through damaging strategies against their competitor FTX. The legal battle spearheaded […]

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SEC to Unseal Key Documents in Binance US Legal Battle

A US district judge has approved the Securities and Exchange Commission’s (SEC) motion to unseal documents in its lawsuit against Binance US. The post SEC to Unseal Key Documents in Binance US Legal Battle appeared first on BeInCrypto.

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Class action case against Bitfinex gets dismissed, marking another legal win

Crypto exchange Bitfinex has secured another significant legal victory, as a class action lawsuit against it was dismissed by Chief Judge Laura Taylor Swain of the U. S. District Court for the Southern District of New York, according to a statement from the Bitfinex blog on Sept 12.

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Coinbase Steels Itself After US Court Kicks Out Class Action Lawsuit Against Uniswap

A US District Court in New York has thrown out a class action lawsuit instituted against decentralized virtual currency exchange Uniswap on the grounds that the plaintiffs failed to submit evidence that it had broken securities rules.

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Uniswap Labs, VC backers cleared of liability in scam token case as judge dismisses complaint

A judge for the United States District Court of Southern New York dismissed a class action suit against Uniswap in a filing dated Aug. 30. The lawsuit, which targeted Uniswap Labs as well as venture capital defendants Paradigm, Andreessen Horowitz, and USV, claimed that the plaintiffs suffered financial losses due to investing in scam tokens […] The post Uniswap Labs, VC backers cleared of liability in scam token case as judge dismisses complaint appeared first on CryptoSlate.

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US court dismisses class action lawsuit against Uniswap

A US District Court dismissed a class action lawsuit against Uniswap, citing insufficient factual evidence and regulatory ambiguities

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Grayscale wins court battle against SEC; Bitcoin jumps 6% within first hour after ruling

In a landmark ruling on August 29, 2023, the United States Court of Appeals for the District of Columbia Circuit vacated an order from the Securities and Exchange Commission (SEC), granting Grayscale Investments LLC a long-awaited victory in its lawsuit over the conversion of its Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF).

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Judge favors Treasury in Coinbase-backed lawsuit over Tornado Cash sanctions

A district court judge sided with the U.S. Treasury Department in a lawsuit that involves Coinbase and sanctions imposed on crypto mixer Tornado Cash. The decision came as a blow to six plaintiffs who had challenged the agency’s authority in…

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Investment Banker Declarant Gets Approval To Enter The SEC vs Ripple Case

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Coinbase Files Motion To Dismiss SEC Lawsuit – Here’s Why

Prominent crypto exchange Coinbase is currently seeking to dismiss the allegations leveled against it by the United States Securities and Exchange Commission (SEC).  On Aug. 4, lawyers representing Coinbase submitted a motion to dismiss at the US District Court for the Southern District of New York, claiming the exchange does not offer securities and operates […]

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Stablecoin Issuer Tether (USDT) Lauds Legal Victory in Reserves Challenge

A US District Court has dismissed a class action lawsuit against Tether, the world's largest stablecoin issuer, questioning the legitimacy of its reserve statements. The post Stablecoin Issuer Tether (USDT) Lauds Legal Victory in Reserves Challenge appeared first on BeInCrypto.

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Court Filing Suggests FTX’s $2 Billion Lawsuit Against Genesis Is Coming To An End

The legal tussle between bankrupt crypto exchange FTX and crypto lender Genesis seems to be coming to a resolution, a recent court filing reveals. According to the letter filed yesterday at the US bankruptcy court for the Southern District of New York, both firms – who happened to have filed for bankruptcy – have agreed to settle their ongoing billion-dollar dispute.

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