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Per Hogan, considering where the case currently stands, only two outcomes are possible going forward. The ongoing SEC vs Ripple case has dragged on for quite a reasonable amount of time (approximately 3 years) now. With so much back and forth and no end in sight for the case, many concerned
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United States prosecutors have requested the court presiding over Sam Bankman-Fried’s trial to bar his legal team from making any arguments relating to the potential recovery of FTX customer assets invested in Anthropic.Bankman-Fried invested $500 million in the artificial intelligence startup in April 2022. The U.S. government is set to
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The trial of FTX co-founder Sam Bankman-Fried for a multibillion-dollar fraud case has a diverse jury panel consisting of various professions and backgrounds, including a retired banker, a pediatric nurse, and a special education teacher. The panel was selected on the second day of the trial in Manhattan after narrowing down
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Crypto lawyers are seemingly divided over the significance of a recent court order from Judge Analisa Torres, which denied the United States Securities and Exchange Commission’s (SEC) plan to file an interlocutory appeal against Ripple.While many lawyers and commentators chalked the decision up as a substantive win for Ripple in
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Former Celsius CEO Alex Mashinsky’s trial date has been set for Sept. 17, 2024 in a pre-trial hearing on Oct. 3. The news comes after a former colleague at Celsius Network, Roni Cohen-Pavon, pleaded guilty to fraud charges and agreed to work with prosecutors in the upcoming trial. Upcoming charges of fraud In
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Many former executives with cryptocurrency exchange FTX or its sister companies are on the list to testify in the United States Justice Department’s criminal case against Sam “SBF” Bankman-Fried.During jury selection for SBF’s trial on Oct. 3, Assistant U.S. Attorney Danielle Sassoon said former Alameda Research CEO Caroline Ellison, FTX
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Authorities in Hong Kong and Macau have recently revealed arrests connected to the JPEX crypto exchange fraud case and highlighted that they are currently tracking down several other suspected figures.On Sept. 29, local media outlet Radio Television Hong Kong reported that two Hong Kong men involved in the JPEX case
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The SEC’s case against Binance centers on its claim that BUSD was sold as an investment contract, primarily because Binance marketed it as offering yield through reward programs. In a recent development, renowned stablecoin issuer Circle has intervened in the US Securities and Exchange Commission’s (SEC) case against Binance, arguing that
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In a court filing, Circle argued that assets that are pegged to the U.S. dollar, like the Binance USD (BUSD) or its own stablecoin USDC, are not securities, partly because those who purchase the assets are not expecting any profit from acquiring them. According to Circle, payment stablecoins do not
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“Payment stablecoins, on their own, do not have the essential features of an investment contract,” meaning they fall outside of SEC jurisdiction, Circle’s filing said. “Decades of case law support the view that an asset sale — decoupled from any post-sale promises or obligations by the seller — is not
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