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The United States Court of Appeal has issued a mandate following a decision requiring Grayscale Investments application for a spot Bitcoin exchange-traded fund to be reviewed by the Securities and Exchange Commission (SEC). In an Oct. 23 filing in the U.S. Court of Appeals for the District of Columbia Circuit, the “formal
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In Coinbase's last word on its motion to get the accusations tossed before trial, a person familiar with the plan said the company will double down on familiar arguments: The SEC hasn't demonstrated the transactions were investments contracts (and thus, securities), because it hasn't shown any actual contracts existed, and
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The Singapore High Court has allowed financial investigation firm Intelligent Sanctuary (iSanctuary) to attach nonfungible tokens (NFTs) containing a legal document to cold wallets associated with a hack, according to United Kingdom-based iSanctuary and local press accounts.A court-issued worldwide freeze order was tokenized as soulbound NFTs and attached to the
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The filing alleges Lubin, a co-founder of the Ethereum blockchain, stripped ConsenSys AG, also known as Mesh, of its main assets – including crypto wallet provider MetaMask – and transferred them to ConsenSys Software Inc. (CSI), incorporated in Delaware, without bringing over the ex-employees as equity holders. Source
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A federal court may formalize the ruling on Grayscale’s ETF today, officially vacating the SEC’s refusal to convert the GBTC. A federal court is set to formalize Grayscale Investments’ victory over the United States Securities and Exchange Commission (SEC) over the firm’s conversion of the GBTC into a spot Bitcoin exchange-traded
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The court has barred Thor and Chin from participating in any crypto asset securities offering and ordered a disgorgement of $744,555 with prejudgment interest of $158,638.06. The order does not prevent Chin from purchasing or selling securities, including crypto-asset securities, for his own personal account. Original Source
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Grayscale Investments is waiting for a federal court tomorrow or soon after to formalize the defeat it handed the U.S. Securities and Exchange Commission (SEC) two months ago in the parties’ dispute over a spot bitcoin exchange traded fund (ETF). That federal court action will close the case, legally setting
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Jump’s involvement may matter due to an incident a year earlier, in which UST temporarily lost its peg to the dollar. While Kwon told investors the coin maintained its $1 value because of its automated algorithm, SEC experts say that it was, rather, due to Jump intervening in the market
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The progress on the Grayscale conversion front offers a welcome degree of clarity to the ETF approval process, which had been somewhat murky. The crypto community has witnessed a significant milestone as recent reports indicate that the Securities and Exchange Commission (SEC) decided not to appeal a court ruling that could
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According to an Oct. 10 press release by the Nanchang People’s Court, the plaintiff was required to prove that Tether is a legally issued fiat currency to bring a necessary cause of action for judicial relief. The decision from the court becomes the second in China to decide that crypto lending
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