Legal

SEC Asks Court to Quash Coinbase Subpoena in Legal Clash Over Crypto Regulations

June 29, 2024 Bitcoin.com

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The U.S. Securities and Exchange Commission (SEC) has asked the court to quash a subpoena issued by crypto exchange Coinbase that demands documents related to the crypto markets and personal communications of SEC Chair Gary Gensler. The SEC argues that the subpoena is irrelevant and imposes undue burden. SEC Seeks to Quash Coinbase Subpoena in […]

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Genius Group’s Bitcoin Holdings Rise to 372 BTC With New $5 Million Purchase

Supreme Court’s Chevron Ruling Seen as ‘a Game Changer’ for Crypto Industry

June 29, 2024 Bitcoin.com

bitcoin.com

The U.S. Supreme Court has struck down Chevron deference, a doctrine that allowed federal agencies broad discretion in interpreting ambiguous statutes. This decision is seen as a pivotal shift towards greater regulatory clarity and judicial oversight, especially impacting the digital assets sector. Supreme Court Overturns Chevron Deference, Paving Way for Regulatory Clarity in Digital Assets […]

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Genius Group’s Bitcoin Holdings Rise to 372 BTC With New $5 Million Purchase

Consensys to Challenge SEC in Court: Confident SEC Lacks Authority to Regulate Software Interfaces Like Metamask

June 29, 2024 Bitcoin.com

bitcoin.com

Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are regulatory overreach and vows to defend its position in court, emphasizing the broader implications for the web3 ecosystem. Consensys Challenges SEC Charges On […]

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Genius Group’s Bitcoin Holdings Rise to 372 BTC With New $5 Million Purchase

SEC’s Case Against Binance Moves Forward With Major Allegations Intact

June 29, 2024 Bitcoin.com

BAM

The U.S. District Court for the District of Columbia has issued an order in the SEC’s case against Binance and its founder Changpeng Zhao. The court allowed most claims to proceed, including those related to unregistered crypto sales and fraudulent practices, while dismissing some claims related to BUSD and secondary BNB sales. Some Charges Against […]

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Genius Group’s Bitcoin Holdings Rise to 372 BTC With New $5 Million Purchase

Tron Founder Justin Sun Wins Landmark Defamation Case Against Chinese Media Group

June 27, 2024 Bitcoin.com

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A court in China has ruled in favor of Justin Sun in his defamation lawsuit against the Chongqing Business Media Group. In its verdict, the court stated that claims of Sun’s involvement in insider trading, fraud, and money laundering were “entirely unsubstantiated.” The Chongqing Business Media Group subsequently removed all of its false content and […]

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Genius Group’s Bitcoin Holdings Rise to 372 BTC With New $5 Million Purchase

Crypto Theft Mastermind Convicted in US for Home Invasions, Kidnappings, and Robberies

June 27, 2024 Bitcoin.com

bitcoin.com

A Florida man has been convicted in the United States for orchestrating an international scheme that involved violent home invasions aimed at stealing cryptocurrency. The operation targeted victims throughout the country, who were kidnapped and assaulted to gain access to their cryptocurrency accounts. The defendant is facing a minimum sentence of seven years and a […]

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Genius Group’s Bitcoin Holdings Rise to 372 BTC With New $5 Million Purchase

Landmark Federal Case: Jury Declares Crypto Price Manipulation as Securities Fraud

June 27, 2024 Bitcoin.com

bitcoin.com

In a landmark federal case, two men were sentenced for manipulating the price of a cryptocurrency and defrauding investors, marking the first instance where “a jury in a federal criminal trial found that a cryptocurrency was a security and that manipulating cryptocurrency prices was securities fraud,” said the head of the Justice Department’s Criminal Division. […]

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Genius Group’s Bitcoin Holdings Rise to 372 BTC With New $5 Million Purchase

Ripple CEO Hails Latest Court Ruling ‘a Big Win’ — Calls His Lawsuit Baseless Troll Attempt

June 22, 2024 Bitcoin.com

bitcoin.com

Ripple CEO Brad Garlinghouse says the latest court ruling on Ripple’s securities lawsuit “is a big win.” He stressed that “absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security.” The Ripple executive slammed allegations of misleading statements about his XRP position, stating that the […]

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Genius Group’s Bitcoin Holdings Rise to 372 BTC With New $5 Million Purchase

Ripple Clarifies XRP Is Not a Security After New Court Ruling

June 21, 2024 Bitcoin.com

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Ripple’s chief legal officer has clarified that a California district judge has dismissed all allegations that Ripple violated federal securities laws. He stressed that District Judge Analisa Torres’ ruling regarding the non-security status of XRP “stands undisturbed.” New York’s ‘Ruling That XRP Is Not a Security Stands Undisturbed’ Following the ruling by the U.S. District […]

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Genius Group’s Bitcoin Holdings Rise to 372 BTC With New $5 Million Purchase

Ripple Wins Partial Summary Judgment in Securities Lawsuit

June 21, 2024 Bitcoin.com

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The U.S. District Court for the Northern District of California has issued an order granting in part and denying in part the motion for summary judgment in a lawsuit concerning allegations of securities law violations against Ripple Labs, XRP II, and Ripple CEO Brad Garlinghouse. Court Ruling on Ripple’s Securities Lawsuit The U.S. District Court […]

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Genius Group’s Bitcoin Holdings Rise to 372 BTC With New $5 Million Purchase