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

Consensys to Challenge SEC in Court: Confident SEC Lacks Authority to Regulate Software Interfaces Like MetamaskConsensys 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 […]

6 things the US needs to stay competitive in crypto, according to execs

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

SEC’s Case Against Binance Moves Forward With Major Allegations IntactThe 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 […]

6 things the US needs to stay competitive in crypto, according to execs

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

Tron Founder Justin Sun Wins Landmark Defamation Case Against Chinese Media GroupA 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 […]

6 things the US needs to stay competitive in crypto, according to execs

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

Crypto Theft Mastermind Convicted in US for Home Invasions, Kidnappings, and RobberiesA 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 […]

6 things the US needs to stay competitive in crypto, according to execs

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

Landmark Federal Case: Jury Declares Crypto Price Manipulation as Securities FraudIn 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. […]

6 things the US needs to stay competitive in crypto, according to execs

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

Ripple CEO Hails Latest Court Ruling ‘a Big Win’ — Calls His Lawsuit Baseless Troll AttemptRipple 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 […]

6 things the US needs to stay competitive in crypto, according to execs

Ripple Clarifies XRP Is Not a Security After New Court Ruling

Ripple Clarifies XRP Is Not a Security After New Court RulingRipple’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 […]

6 things the US needs to stay competitive in crypto, according to execs

Ripple Wins Partial Summary Judgment in Securities Lawsuit

Ripple Wins Partial Summary Judgment in Securities LawsuitThe 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 […]

6 things the US needs to stay competitive in crypto, according to execs

Unlicensed Crypto Business Leads to Indictments in Utah

Unlicensed Crypto Business Leads to Indictments in UtahTwo Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal Cryptocurrency Transactions The U.S. Department of Justice and the U.S. Attorney’s Office for the […]

6 things the US needs to stay competitive in crypto, according to execs

US Charges Empire Market Operators in $430M Dark Web Scheme — They Face Maximum Sentence of Life in Prison

US Charges Empire Market Operators in 0M Dark Web Scheme — They Face Maximum Sentence of Life in PrisonThe U.S. Homeland Security Investigations has charged two men for operating Empire Market, a dark web marketplace, facilitating $430 million in illegal transactions. The defendants face severe penalties, including life imprisonment. “During the investigation, federal law enforcement seized cryptocurrency valued at $75 million at the time of the seizures, as well as cash and precious […]

6 things the US needs to stay competitive in crypto, according to execs