UK court rules Tether is property in first English law post-trial crypto ruling

September 13, 2024 Coin Telegraph

It comes a day after a UK government bill aimed to clarify that crypto was “personal property” under property laws.

A United Kingdom High Court has ruled that stablecoin Tether is property — the first-ever ruling under English law on the treatment and status of cryptocurrency after a full trial.

The legal status of Tether (USDT) was a preliminary issue in a case brought by a fraud victim whose stolen crypto — including Tether — was offloaded through various crypto exchanges after being put through crypto mixers.

“USDT attract property rights under English law,” High Court of Justice Deputy Judge Richard Farnhill said in the Sept. 12 ruling.

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Better Markets CEO Says SEC Has 90% Chance of Winning in Ripple Appeal — Criticizes Judge’s XRP Ruling

August 18, 2024 Bitcoin.com

Appeal

Dennis Kelleher, CEO of Better Markets, says the U.S. Securities and Exchange Commission (SEC) has a 90% chance of winning an appeal in the Ripple lawsuit over XRP. He criticized the court ruling as flawed, arguing that the judge in the Ripple case misapplied the law. Better Markets CEO on SEC Appeal Against Ripple Dennis […]

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Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court’s 10% Reversal Rate

August 18, 2024 Bitcoin.com

Appeal

Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed confidence that any appeal by the SEC would likely fail. Alderoty urged the SEC to focus on its core mission […]

Fed expected to make third rate cut today—here’s what to expect

Judge Bars Former Binance CEO Changpeng Zhao From Leaving the US Until His Sentencing Slated for February

December 8, 2023 The Daily Hodl

Binance

A judge has ruled that former Binance chief executive Changpeng Zhao is a flight risk and has banned him from leaving the US until he’s sentenced in February. In a new court filing, Magistrate Judge Brian Tsuchida made a ruling in favor of the prosecution, who claimed Zhao’s wealth and citizenship with other nations that […]

The post Judge Bars Former Binance CEO Changpeng Zhao From Leaving the US Until His Sentencing Slated for February appeared first on The Daily Hodl.

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XRP Price Explodes As Judge Rules Ripple’s Programmatic Sales of Crypto Asset Are Not Securities

July 13, 2023 The Daily Hodl

Altcoins

The price of XRP has surged 59% after a judge issued a highly anticipated ruling in the intensely scrutinized case of the U.S. Securities and Exchange Commission vs. Ripple. XRP began trading the day at $0.47 and is now at $0.75 after Judge Analisa Torres ruled Ripple’s automated, open market sales of XRP are not […]

The post XRP Price Explodes As Judge Rules Ripple’s Programmatic Sales of Crypto Asset Are Not Securities appeared first on The Daily Hodl.

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Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide

April 19, 2023 Bitcoin.com

Beijing

In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency practitioners and other common law jurisdictions. Hong Kong Judge Designates Crypto […]

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Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future

April 5, 2023 Bitcoin.com

appeals

As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed regulatory clarity, which could ultimately promote growth and stability throughout the sector. […]

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Belarusian Fined $1 Million for Illegal Crypto Trading

January 13, 2023 Bitcoin.com

Belarus

A Belarusian citizen will have to pay a hefty fine for illegally organizing the exchange of cryptocurrencies online. Law enforcement authorities in the country, where certain crypto activities are legal, do not plan to impose other penalties besides the administrative measure. Cryptocurrency Trader Tries to Challenge Fine in Belarusian Court The Supreme Court of the […]

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Court in China Recognizes NFTs as Virtual Property Protected by Law

December 6, 2022 Bitcoin.com

bitcoin.com

A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired to sell a collection of tokens. Hangzhou Internet Court Hears Case Involving Property […]

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Roskomnadzor Media Watchdog Unblocks Leading Russian Crypto News Outlet

July 7, 2022 Bitcoin.com

ACCESS

Russia’s mass media regulator, Roskomnadzor, has restored access to a major Russian crypto news portal. Bits.media was recently blocked as a result of proceedings in a regional court that its representatives were not even summoned to attend. Crypto News Site Bits.media Again Available to Russian Readers as Roskomnadzor Delists It Bits.media, the source for crypto-related […]

ruling

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