Tag: State of Crypto
The Crypto Lawsuit State of Play
It seems increasingly unlikely that Congress will actually pass a legislation, which addresses the woes of the crypto industry in the near term. As a [...]
Distilling the Tornado Cash and Samourai Suits
According to the Department of Justice, the answer is yes. The Tornado Cash developers didn’t just build an open-source piece of software; they develo [...]
The Ever-Dwindling Chances for a Stablecoin Law
Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated [...]
Looking at Sam Bankman-Fried’s Appeals Process
"It is unlikely that oral argument will be heard less than nine months from now, since the Court of Appeals will want to fully review the briefs and t [...]
Is the Sam Bankman-Fried Story Over?
"He spent his customers' money and he lied to them about it. Where did the money go? The money went to pay for investments, to repay loans, to cover e [...]
What a Judge Said About the SEC’s Suit Against Coinbase
"The parties do not dispute that, to prevail on its claims, the SEC need only establish that at least one of these 13 Crypto-Assets is being offered a [...]
Binance Is Having an Odd Time
Binance is having a weird moment, perhaps most clearly illustrated by the fact that a national government detained two of its executives for a month n [...]
Does Sam Bankman-Fried Deserve 50 Years in Prison?
The stage is set for a federal judge to determine how long Sam Bankman-Fried may spend in prison. The U.S. Department of Justice and defense attorneys [...]
How an Appeals Court Ruled on an Aspiring Class-Action Lawsuit Against Binance
Judges Pierre N. Leval, Denny Chin and Alison J. Nathan applied another court precedent, Morrison v. National Australia Bank, to say that the factors [...]
How the SEC's Recent Win May Play in Its Coinbase, Binance Cases
A federal judge ruled that secondary-market transactions for certain cryptocurrencies violated securities law. The catch: This was a default judgment. [...]
Sam Bankman-Fried Doesn’t Want to Go to Prison for 100 Years
"[Bankman-Fried's] personal assets are gone," the memo said. "Insufficient funds remain even for payment of a fine … Legal proceedings will follow him [...]
Looking at Kraken’s Motion to Dismiss an SEC Lawsuit
The Coinbase case is in the Southern District of New York, Binance.US is in the District of Washington and Kraken is in the Northern District of Calif [...]
The SEC Takes on Dealer Definitions
If the agency sticks to dismissing arguments from crypto businesses that say they're being put in impossible positions, the SEC will be approving rule [...]
A Quick Look at Last Month's U.S. Crypto Crime Log
While our attention was focused on exchange-traded funds earlier this month, federal regulators in the U.S. announced charges or sentences for various [...]
How the Crypto Industry Responded to FinCEN’s Proposed Mixer Rule
There were also, as Consensys' Bill Hughes pointed out, a number of comments that appeared to be written by a bot. A lot of these comments said they w [...]