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This ruling marked a crucial victory for Ripple, instantly boosting XRP’s price by almost 5%. When Ripple achieved its first victory, although a partial one, in July, the price of XRP spiked from $0.46 to $0.93 in just 10 hours, a stunning 100%+ increase. A federal judge in the United States,
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The United States Securities and Exchange Commission has asked a federal judge to deny Coinbase’s motion to dismiss a lawsuit by the regulator.In an Oct. 3 filing in a New York District Court, the SEC hit back at claims in Coinbase’s dismissal motion and reiterated its belief that some of
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District court judge Analisa Torres has rejected the United States Securities and Exchange Commission's (SEC) motion to file an interlocutory appeal against the recent Ripple ruling.In an Oct. 3 court order, Judge Torres denied the SEC's motion as the SEC failed to failed to meet its burden to show there
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In his ruling, the judge said the phrasing of the various filings raise questions about "what would constitute 'undue' focus on attorney involvement," "what could suggest inappropriately that attorneys had 'blessed' a particular course of conduct" and what legal theory would allow evidence that met the first two questions. Original Source
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As to Cohen's argument that Bankman-Fried's case is complex, meaning he deserves ample time outside of prison to strategize, Kaplan again demurred. While the FTX case "involves subjects that to the lay world are pretty arcane," like cryptocurrency and finance, said Kaplan, "the issues in this case are pretty straightforward:
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The defense team has already lost two bids to have Bankman-Fried temporarily released since he was remanded, but has made another attempt, offering to impose strict conditions around the onetime FTX executive. Judge Kaplan set a 5:00 p.m. ET deadline today for the Department of Justice to comment on the
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Prosecutors from the United States Department of Justice will be allowed to surface the details of Sam Bankman-Fried’s political donations as the evidence is directly relevant to his fraud charges, ruled U.S. District Judge Lewis Kaplan.The decision was part of a series of rulings made by Kaplan in a 16-page
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A federal judge in California denied the motion to dismiss the case against Compound Labs and its associated entities, after allegations of violating financial regulations. This means owners of the COMP token can move ahead with their lawsuit. Partner identification The lawsuit claims those who control the decentralized organization known as Compound are
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A federal judge has sided with the United States Department of Justice in motions aimed at precluding the testimony of 7 witnesses on behalf of former FTX CEO Sam Bankman-Fried, or SBF.In a Sept. 21 filing with U.S. District Court for the Southern District of New York, Judge Lewis Kaplan
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On Monday, London High Court Justice Richard Smith dismissed Cøbra's appeal on the November ruling saying that, although there are several reasons why parties would legally request anonymity, including threat to life, Cøbra's reasons for not identifying themselves seemed "not only unworkable but also risked undermining the very principles of
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