crypto court cases

SEC Ordered to Pay $1.8M for Misconduct — Debt Box Hails ‘Monumental Victory’ for Crypto Industry

May 29, 2024 Bitcoin.com

bad faith

A federal judge has ordered the U.S. Securities and Exchange Commission (SEC) to pay over $1.8 million in its case against the crypto firm Digital Licensing, also known as Debt Box. The penalty resulted from the SEC’s bad faith conduct in obtaining and defending an ex parte temporary restraining order (TRO) based on misrepresentations. Additionally, […]

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Robinhood Prepares to Fight SEC in Court Over Crypto, CEO Reveals

May 7, 2024 Bitcoin.com

bitcoin.com

Robinhood Markets is preparing to fight the U.S. Securities and Exchange Commission (SEC) in court to defend its crypto business and establish “regulatory clarity in the United States for the benefit of our customers,” CEO Vlad Tenev said after his company received a Wells notice from the securities regulator. “The SEC’s continued attack on crypto, […]

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UAE Deepens Economic Ties With China and India Through BRICS Collaboration

US Government Could Target Bitcoin, Warns ‘Wolf of All Streets’ Amid Crypto Attacks

May 3, 2024 Bitcoin.com

Bitcoin

Scott Melker, also known as the “Wolf of All Streets,” has cautioned that the same attacks on cryptocurrencies by the U.S. government “would eventually come for bitcoin, regardless of it being a commodity.” His warning followed recent regulatory actions by various government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), […]

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UAE Deepens Economic Ties With China and India Through BRICS Collaboration

Former Binance CEO CZ: I Will Do My Time — Crypto Industry Has Entered a New Phase

May 1, 2024 Bitcoin.com

Binance

Former Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for their support following his four-month U.S. prison sentence for pleading guilty to money laundering charges. “I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compliance is super important,” Zhao emphasized. CZ: Binance […]

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SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon and Terraform Labs

April 25, 2024 Bitcoin.com

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum includes $4,192,147,847 in disgorgement and $545,748,909 in prejudgment interest. SEC Seeks Final Judgment Against Terraform Labs and Do Kwon The […]

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Ripple Asks Court to Reject SEC’s $2 Billion Penalty Request in XRP Case

April 23, 2024 Bitcoin.com

bitcoin.com

Ripple Labs has filed its opposition to the request by the U.S. Securities and Exchange Commission (SEC) for the company to pay $2 billion in fines in the XRP case. “The SEC’s draconian remedial requests are ungrounded in law or principle. This court should reject them in their entirety,” Ripple stated. Ripple Files Opposition to […]

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SEC Asks Judge to Fine Ripple $2 Billion in XRP Case — Ripple CEO Says ‘There Is Absolutely No Precedent for This’

March 26, 2024 Bitcoin.com

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) is seeking nearly $2 billion in fines from Ripple Labs in the ongoing XRP lawsuit. “There is absolutely no precedent for this,” exclaimed Ripple’s CEO regarding the $2 billion fine. “We will continue to expose the SEC for what they are when we respond to this.” SEC Wants […]

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UAE Deepens Economic Ties With China and India Through BRICS Collaboration