U.S. Court Tells SEC to Respond to Coinbase's Rulemaking Petition Within a Week
A U.S. judge has ordered the SEC to respond to Coinbase’s rulemaking petition or explain why it shouldn’t. Original Source
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SEC sues Coinbase in NY federal court for offering unregistered securities
The United States Securities and Exchange Commission has filed a lawsuit against New York-based crypto exchange Coinbase for offering unregistered securities.The SEC lawsuit alleged that Coinbase has never registered as a broker, national securities exchange or clearing agency, evading the disclosure scheme for securities markets. SEC alleged that several tokens offered
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SEC sues Binance in US District Court for unregistered securities operations
The United States Securities and Exchange Commission (SEC) filed suit against Binance, its U.S. platform and CEO Changpeng Zhao (CZ) in the District Court for the District of Columbia on June 5. 4.Our team is all standing by, ensuring systems are stable, including withdrawals, and deposits. We will issue a response
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Do Kwon out on bail once again after court dismisses prosecution appeal
Terraform Labs co-founder Do Kwon has been granted bail in Montenegro after an appeals process by prosecutors was dismissed by a Montenegrin court on June 2.According to an official release from the Basic Court in Podgorica, an appeal against an earlier bail agreement by the State Prosecutor’s Office was cast
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Montenegro Basic Court Again Approves Terra Founder Do Kwon’s $427K Bail Request in Fake Passport Case
In March, Kwon, along with former Terra executive Han Chang-joon, were arrested in Montenegro for allegedly attempting to travel with falsified documents. Authorities in South Korea had been searching for Kwon after his multi-billion dollar crypto enterprise collapsed in May last year. Since his arrest, both South Korea and the
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US district judge sends matter of FTX independent examiner to appellate court
A United State district judge has referred a motion requesting the appointment of an independent examiner for bankrupt crypto exchange FTX to appellate court.In documents filed in U.S. District Court for the District of Delaware on May 30, Judge Colm Connolly said the U.S. trustee in FTX’s case, Andrew Vara,
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FTX Examiner Appointment Referred to Court of Appeals by District Judge
“No one contests that the Trustee requested an examiner here or that the debtor's fixed, liquidated, unsecured debts, other than debts for goods, services, or taxes, or owing to an insider, exceed $5 million,” Connolly’s ruling said, adding that all that remains is a legal question – whether the bankruptcy
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What is fair use? US Supreme Court weighs in on AI’s copyright dilemma
Generative artificial intelligence models such as OpenAI’s ChatGPT are trained by being fed giant amounts of data, but what happens when this data is copyrighted?Well, the defendants in a variety of lawsuits currently making their way through the courts claim that the process infringes upon their copyright protections.For example, on
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Gemini and Genesis Asks U.S. Court to Dismiss SEC Lawsuit Targeting Earn, MDALA
"As alleged in the complaint, Genesis then exercised its discretion in how to use investors’ crypto assets to generate revenue and pay interest to Gemini Earn investors," the SEC said in its complaint. Genesis, like CryptoX, is owned by the Digital Currency Group (DCG). Source
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Lawyer uses ChatGPT in court and now ‘greatly regrets’ it
A New York attorney has been blasted for using ChatGPT for legal research as part of a lawsuit against a Columbian airline.Steven Schwartz, an attorney with New York law firm Levidow, Levidow & Oberman, was engaged by Robert Mata to pursue an injury claim against Avianca Airlines. Mata claims he
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