CFTC secures $36m win in California crypto fraud case

In a significant legal victory for cryptocurrency regulation, the Commodity Futures Trading Commission (CFTC) secured a $36 million judgment in a California-based crypto fraud case. US District Court Judge Vince Chhabria, presiding over the Northern District of California, ordered defendant Ichioka to pay $31 million in restitution to defrauded investors and imposed an additional $5 […]

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Tough times for prediction markets: Kalshi wins case against CFTC, still faces shutdown

A U.S. District Court has ruled in favor of the Kalshi prediction market, effectively approving betting on the presidential election’s outcome. Kalshi has won a lawsuit against the U.S. Commodity Futures Trading Commission (CFTC) after the regulator banned betting on…

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Dogecoin flashes bullish signal as Elon Musk, Tesla wins manipulation case

In a significant legal victory for Elon Musk and Tesla, a US district court judge has dismissed a $258 billion lawsuit alleging that the tech mogul and his company manipulated Dogecoin (DOGE) price. The ruling, which came on August 30, 2024, signals a shift in the dynamics surrounding the popular meme coin, impacting its market […]

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Court drops $258b Dogecoin manipulation case against Elon Musk

A United States court dismissed a $258 billion class action lawsuit claiming that Elon Musk and his companies, SpaceX and Tesla, orchestrated a “crypto pyramid scheme.” Almost two years after the filing, Judge Alvin Hellerstein of the US District  Court…

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Judge denies Kraken motion to dismiss SEC lawsuit

US District Judge William H. Orrick has ruled that the US Securities and Exchange Commission has a plausible case against crypto exchange Kraken. According to the judge, the SEC’s lawsuit against Kraken will proceed.

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Ripple Ordered to Pay Massive Penalties: Details

U.S. District Judge Analisa Torres has issued a final judgement in the SEC v. Ripple case

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Ripple Intensifies Defense With New Submission In SEC Case

Ripple Labs has filed a notice of supplemental authority to bolster its stance in the enduring legal face-off with the Securities and Exchange Commission (SEC). This filing was made to the United States District Court for the Southern District of New York in response to the SEC’s motion seeking remedies and final judgment. Ripple Uses […]

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Binance ‘Confident’ In Legal Battle Against SEC: Judge Rejects Main Claims

Binance US is preparing for a legal battle against the Securities and Exchange Commission (SEC) after the District Court for the District of Columbia determined the SEC’s lawsuit would continue. The exchange remains confident in its case after Judge Amy Berman Jackson dismissed several “key claims” in the lawsuit.

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Lawyer Explains What Ripple’s Latest Court Win Means For XRP

On June 20, Ripple Labs Inc. scored a pivotal victory in its ongoing legal challenges, specifically in the federal class action suit filed in the Northern District of California. The case (4:18-cv-06753-PJH), presided over by Judge Phyllis J.

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Ripple Invokes Terraform Case In New Filing To Slash SEC Penalties

In the ongoing high-stakes legal battle between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC), the fintech company has submitted a significant notice of supplemental authority to the Southern District of New York.

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US court issues final judgement against Terraform Labs, Do Kwon, imposes $4.5 billion in fines

The US District Court for the Southern District of New York has issued a final judgment against Terraform Labs and its co-founder Do Kwon, in the high-profile case filed by the Securities and Exchange Commission (SEC).

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Bitcoin Advocate Michael Saylor Settles DC Tax Evasion Case for $40 Million

Michael Saylor, a prominent Bitcoin advocate, and his software company, MicroStrategy, have agreed to a $40 million settlement to resolve tax evasion charges levied by the District of Columbia (DC) attorney general.

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MicroStrategy and Michael Saylor settle tax case for $40M

In August 2022, Michael Saylor faced allegations of tax evasion. He has since reportedly made the largest income tax fraud settlement in the history of the District of Columbia.

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MicroStrategy Founder Michael Saylor Agrees to $40M Settlement in D.C. Income Tax Case

The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district.

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Crypto Fraudster Gets Slammed: Ex-Banker Gets 41 Years In Prison

In a landmark case highlighting the perils of unchecked cryptocurrency investments, Rashawn Russell, a former investment banker, has been sentenced to 41 months in federal prison. The Eastern New York District Court handed down the sentence after Russell pleaded guilty to wire fraud and identity theft, marking a significant crackdown on digital asset fraud. Related […]

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SEC seeks $5.3b in penalty from Terraform Labs and co-founder Do Kwon

Regulators in the United States are seeking $5.3 billion in fines from Terraform Labs and its co-founder, Do Kwon, following a verdict in its civil case. According to an April 19 filing with the U.S. District Court for the Southern…

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US Judge Sanctions Gary Gensler’s SEC for Abuse in Crypto Case

US District Judge Robert Shelby sanctioned the SEC for abuse of power in its case against DEBT Box, casting a shadow over the SEC’s regulatory tactics. The post US Judge Sanctions Gary Gensler’s SEC for Abuse in Crypto Case appeared first on BeInCrypto.

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Federal court sanctions SEC for gross misconduct in Debt Box case

A United States district court has sanctioned the Securities and Exchange Commission (SEC) for demonstrating “bad faith” in its legal actions against Debt Box, a company accused of operating a $50-million fraudulent cryptocurrency scheme.

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SEC Case Against Gemini And Genesis Gains Momentum As Judge Denies Motion To Dismiss

In a recent development, US District Judge Edgardo Ramos has denied motions from cryptocurrency exchange Gemini and crypto lender Genesis to dismiss the case brought by the US Securities and Exchange Commission (SEC).

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Judge ruling favors Riot in case against energy officials

Riot and the Texas Blockchain Council successfully convinced a U.S. district judge that immediate harm would occur without a temporary restraining order to halt further data collection.

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Judge threatens to sanction SEC over ‘misleading’ statements in crypto case

U. S. District Judge Robert Shelby issued a stern warning to Securities and Exchange Commission (SEC) attorneys regarding possible sanctions for “misleading” court proceedings in a lawsuit against the cryptocurrency firm Debt Box, according to court filings.

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SBF granted post-trial extension indicating potential appeal strategy or reduced sentencing

Judge Lewis A. Kaplan of the United States District Court, Southern District of New York, has granted a request for an extension for filing post-trial motions in the case against Sam Bankman-Fried, according to a court order dated Nov.

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Ripple Vs SEC: Judge Sets Schedule For Discovery And Briefing, What This Means

The XRP court case may be seeing an end soon as Judge Torres has officially scheduled dates for remedies discovery and briefing between Ripple Labs and the US SEC.  Ripple Lawsuit Enters Remedies Discovery Phase United States District Judge Analisa Torres has set dates for remedies discovery and briefing in the lawsuit between the United […]

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Coinbase’s Dogecoin Sweepstakes Case To Be Decided By The Supreme Court

In a recent development, the United States Supreme Court has decided to take on a lawsuit related to a Dogecoin sweepstakes, which involves Coinbase and its customers. This comes almost a year after the US District Court for the Northern District of California initially denied the exchange’s motion to force the class-action lawsuit to arbitration.  […]

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US Judge Dismisses Artists’ Class-Action Copyright Case Against Generative AI Companies

A US District Judge dismissed a copyright infringement lawsuit filed by artists against AI companies Midjourney and DeviantArt, asking for more clarity in their claims. The post US Judge Dismisses Artists’ Class-Action Copyright Case Against Generative AI Companies appeared first on BeInCrypto.

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Ripple Execs’ Case Officially Dismissed: Here’s What It Means

On Monday, October 23, 2023, US District Judge Analisa Torres signed an order that formally dismissed the US Securities and Exchange Commission’s (SEC) case against Ripple executives Brad Garlinghouse and Chris Larsen.

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Ripple Triumphs as Judge Torres Dismisses Case Against Garlinghouse and Larsen

Judge Torres of the U.S. District Court in New York has formalized the dismissal of charges by the U.S. Securities and Exchange Commission (SEC) against Ripple executives Brad Garlinghouse and Christian Larsen

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Genesis ordered to comply with subpoena in TerraUSD collapse case

New York district judge orders crypto lender Genesis to produce documents related to the collapse of algorithmic stablecoin TerraUSD.

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Class action case against Bitfinex gets dismissed, marking another legal win

Crypto exchange Bitfinex has secured another significant legal victory, as a class action lawsuit against it was dismissed by Chief Judge Laura Taylor Swain of the U. S. District Court for the Southern District of New York, according to a statement from the Bitfinex blog on Sept 12.

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Uniswap Labs, VC backers cleared of liability in scam token case as judge dismisses complaint

A judge for the United States District Court of Southern New York dismissed a class action suit against Uniswap in a filing dated Aug. 30. The lawsuit, which targeted Uniswap Labs as well as venture capital defendants Paradigm, Andreessen Horowitz, and USV, claimed that the plaintiffs suffered financial losses due to investing in scam tokens […] The post Uniswap Labs, VC backers cleared of liability in scam token case as judge dismisses complaint appeared first on CryptoSlate.

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Interlocutory Filing Sheds Light On SEC’s Stance Regarding XRP’s Security Status

Amid the SEC vs Ripple case, the United States Securities and Exchange Commission (SEC) has filed an interlocutory appeal on XRP’s security status and has made an inquiry from the US District Court in the Southern District of New York (SDNY) to certify its appeal against Ripple Labs. This significant step in the SEC vs […]

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SEC moves to appeal Ripple’s earlier victory

The U.S. Securities and Exchange Commission (SEC) moved to file an interlocutory appeal against Ripple on Aug. 18 as part of its ongoing case against the firm. Judge Analisa Torres in the Southern District of New York previously issued rulings on Ripple’s programmatic exchange sales of XRP and its distributions of XRP as payment for […] The post SEC moves to appeal Ripple’s earlier victory appeared first on CryptoSlate.

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Ripple Case Update: SEC Gets Green Light to Seek Interlocutory Appeal

The U.S. District Court for the Southern District of New York has granted the SEC the right to file a motion for an interlocutory appeal

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Ripple CTO Schwartz Comments on Rakoff’s Differentiation in SEC Case

Ripple's Chief Technology Officer, David "JoelKatz" Schwartz, recently commented on the differentiation made by U.S. District Judge Jed Rakoff in the ongoing SEC case against Ripple

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Investment Banker Declarant Gets Approval To Enter The SEC vs Ripple Case

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Terraform Labs receives approval to subpoena FTX files

Judge John Dorsey from the U. S. Bankruptcy Court has sanctioned Terraform Labs’ request to subpoena vital documents, potentially aiding its defense against fraud charges made by the SEC in the ongoing FTX bankruptcy case.

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U.S. Judge Rejects Terraform’s Request To Dismiss SEC Case – Ripple Ruling In Trouble?

In a major development on July 31, U. S. Judge Jed Rakeoff of the Southern District of New York has rejected Terraform’s motion to dismiss the fraud charges levied against the company by the United States Securities and Exchange Commission.

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Breaking: Ripple Ruling Rejected by Federal Judge

In a surprising twist to the ongoing Securities and Exchange Commission (SEC) case against Ripple, U.S. District Judge Jed Rakoff has repudiated a significant aspect of Judge Analisa Torres's ruling

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US prosecutors granted extension till October in Mashinsky case

The U.S. District Judge John Koeltl issued an order to give prosecutors an extension on the Alex Mashinsky case On July 25. The decision give prosecutors more time to gather evidence before the criminal trial, which would otherwise be required…

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Judge gives US prosecutors until Oct. 3 for discovery in case against Alex Mashinsky

U.S. District Judge John Koeltl granted a continuance for former Celsius CEO Alex Mashinsky’s trial start date, citing the “volume of discovery” and the “complexity of the case.”

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Judge Orders Ripple And SEC To Schedule Settlement Conference

In the ongoing legal battle between Ripple Labs and the U. S. Securities and Exchange Commission (SEC), District Judge Analisa Torres has referred the case to Magistrate Judge Sarah Netburn for General Pretrial, including the crucial aspects of scheduling, discovery, non-dispositive pretrial motions, and settlement.

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XRP Price Surges After Court Victory, Further Gains To Follow?

On July 13, Ripple triumphed significantly in the United States District Court for the Southern District of New York on the XRP case. Judge Analisa Torres ruled in favor of Ripple in a case originally initiated by the Securities and Exchange Commission (SEC) in 2020.

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Ripple Labs wins SEC case, judge rules XRP is not a security

On July 13, Judge Analisa Torres of the Southern New York district of the United States district court ruled in favour of Ripple Labs in the case against the United States Securities and Exchanges Commission (SEC).

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XRP Not A Security: Crypto Lawyer Muses About Lessons from Telegram Case for Ripple vs SEC Lawsuit

Deaton believes that Judge Torres would immediately address the fundamental asset issue and secondary sales in the ongoing lawsuit concerning Ripple, similar to her colleague Judge Castel who presided over the Telegram case in the Southern District of New York.

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Possible Ripple Effect? Crypto as Securities in LBRY Case Still Undecided

U.S. District Court Judge, Paul Barbadoro, who declined to establish a precedent on the nature of secondary market sales of cryptocurrencies in regardto the decentralized content platform LBRY. The case...

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SBF trial locked in for October after court rejects pre-trial motion to dismiss

The U. S. Southern District Court of New York rejected all pre-trial motions filed by FTX founder Sam Bankman-Fried (SBF) — including a motion to dismiss the case or “sever” certain charges.

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Custodia's Suit Against Fed Over Denial of Master Account Can Proceed, Court Rules

Custodia's challenge of the Federal Reserve Bank of Kansas City's decision to deny the crypto-friendly bank access to the Fed banking services can continue, a U. S. district court ruled Thursday, rejecting a Fed motion to dismiss the case.

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Analisa Torres: The US District Judge at the Helm of the Crypto Market’s Future

Judge Analisa Torres is at the center of a landmark case that could redefine cryptocurrency regulation. Her decision in the SEC v. Ripple case will set a precedent for the future of the crypto market.

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FTX Case Passed to Third Circut Court of Appeals: ‘The facts are not in dispute’

Delaware District Judge Colm F. Connolly has approved to pass the case involving FTX to the U.S. Third Circuit Court of Appeals, leading the way for an independent investigators appointment,...

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