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DC Circuit Court Rules Kalshi’s US Election Bets Legal

DC Circuit Court Rules Kalshi’s US Election Bets LegalThis week, the U.S. Court of Appeals for the District of Columbia Circuit has ruled in favor of the predictions market Kalshi, allowing the commodities exchange to offer event contracts based on the outcome of U.S. congressional elections. Circuit Judge Millett’s opinion supports the legality of the contracts, dismissing claims of gaming or election gambling. […]

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Ripple lawyer slams SEC use of ‘crypto asset security’ 

Ripple's chief legal officer Stuart Alderoty says the term is “fabricated” with no legal basis. 

Ripple Labs' chief legal officer has taken aim at the United States Securities and Exchange Commission (SEC) repeated use of the phrase "crypto asset security", arguing its a fabricated term with no legal grounding. 

In a recent Aug. 30 filing, the SEC warned it could challenge any plan by defunct crypto exchange FTX to use stablecoins in repaying creditors, with the regulator noting its portfolio has "crypto asset securities." 

Ripple's top lawyer, Stuart Alderoty, argues the SEC is trying to “deceive judges” by using the term.  

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Is the Bitcoin DCA opportunity over? Here’s what traders are thinking

Landmark Ruling: Crypto Dealings Not Illegal in India, Says High Court

Landmark Ruling: Crypto Dealings Not Illegal in India, Says High CourtThe Orissa High Court in India ruled that cryptocurrency dealings are not illegal under Indian law. This decision arose from a case involving individuals accused of fraud through a Ponzi scheme. Justice Sasikanta Mishra clarified that cryptocurrency is not considered money under the Prize Chits and Money Circulation Schemes (Banning) Act or a deposit under […]

Is the Bitcoin DCA opportunity over? Here’s what traders are thinking