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The United States Securities and Exchange Commission filed an emergency motion in the District of Columbia U.S. District Court for a temporary restraining order against Binance, Binance.US and CEO Changpeng Zhao (CZ) on June 6 requesting eight actions. The first requested actions are the freezing of the assets of Binance.US and repatriation of
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“The legal fight will be long and costly for Coinbase, but it might be difficult to argue and prove that they didn't commingle and unlawfully offer exchange, broker-dealer, and clearinghouse functions,” Edward Moya, a senior markets analyst at Oanda, said. Source
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“An order effectively requiring Defendants to decriminalize use of the 20 Tornado Cash addresses would allow Plaintiffs to conduct their legitimate activities with some measure of anonymity, use their preferred software tool without fear of penalties, and engage in important expressive associations,” the suit said. “Judicial relief would also serve
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Gemini Trust Co., a cryptocurrency exchange, and bankrupt lender Genesis Global Capital have jointly filed for the dismissal of a lawsuit brought by the Securities and Exchange Commission (SEC). The lawsuit claims that their Earn product violated securities regulations by offering unregistered securities.In their legal filings, the companies contended that
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kylie Chiseul Kim, a key defense attorney for Ripple Labs in its ongoing litigation against the SEC, has submitted a motion to withdraw from the case due to her departure from the law firm representing Ripple. In
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Before this announcement, Vice Media had begun to restructure its global organizational workforce. American-Canadian digital media company Vice Media Group has filed for Chapter 11 bankruptcy after several years of financial struggle. The company, which was valued at $5.7 billion in 2017, is currently worth less than $1 billion. Top executives
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South Korean tech company LG Electronics has filed a patent application for its blockchain-based Smart TV that allows users to trade nonfungible tokens (NFTs). The information was published on WIPO's global database for intellectual property on May 11. According to WIPO's documentation, a patent application is published 18 months after the filing
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In its claim, the IRS alleged that FTX, Alameda, and co failed to report transactions and activities for a sustained period. The US Department of Treasury and Internal Revenue Service (IRS) has filed a $44 billion claim against FTX and its subsidiaries. In the documents, dated April 27th and 28th, the IRS alleged that
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According to bankruptcy filings dated April 27 and 28, the IRS put forth 45 claims against FTX companies, which include West Realm Shires (the legal entity of FTX.US), Ledger Holdings (the parent company of LedgerX and LedgerPrime) and Blockfolio, among others. Original Source
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