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The lawyers argued that this would "require relief from this Court," they would be faced with a separate risk of commingling of their treasury investments, and the step "creates a risk of loss in the event of a need for rapid monetization, or the lack of liquidity in the surety
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto lawyers John Deaton and Mike Selig took to Twitter to debunk misconceptions about the judge Torres’ decision regarding XRP’s security status. The legal experts sought to clarify the ruling amid what they deemed to be widespread
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Oral arguments began on July 26 for an appeals case on a complaint a Tennessee couple filed against the United States Internal Revenue Service (IRS) on calculating their taxes based on earnings from staking tokens. Joshua and Jessica Jarrett received a refund check from the IRS in 2021 after filing a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance has appointed Eleanor Hughes as the new general counsel. She has been a member of the Binance legal team since November 2021. Hughes now takes over, leading a battery of 85 lawyers. Shift in Binance’s legal
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Ripple Labs’ split-decision victory against the United States securities regulator is being seen as a significant blow to the regulator’s “war on crypto,” however, crypto lawyers warn it isn't a definitive victory for the industry or the firm yIn a landmark ruling on July 13, Judge Torres determined that XRP
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Asserting powers over the $1 trillion crypto industry is of major significance, just like canceling student debt, the exchange’s lawyers argue. Source
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Lawyers on behalf of FTX Trading Ltd. and Maclaurin Investments Ltd. (owned by Alameda Research, the hedge fund arm of the bankrupt FTX empire) asked the court to order the return of funds transferred to Patrick Gruhn, Robin Matzke, Brandon Williams, and Lorem Ipsum UG, the leadership of FTX Europe. Original
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Digital asset manager Grayscale has filed a letter in its lawsuit against the United States Securities and Exchange Commission (SEC) over the rejection of a spot Bitcoin exchange-traded fund (ETF), citing a possible precedent in furtherance of its case.In a letter dated July 10, Grayscale’s legal team notified the U.S.
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The letter, addressed to the U.S. Court of Appeals for the District of Columbia Circuit, alleges the SEC approved a leveraged ETF in late June that is "even riskier" than its "traditional" bitcoin-based futures exchange-traded products. Grayscale is a subsidiary of Digital Currency Group, CoinDesk’s parent company. Original Source
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Stablecoin use could be "stifled" by daily transaction caps in the European Union's Markets in Crypto-Assets (MiCA) legislation, with some calling for the framework to be revised.On May 31, MiCA was signed into law which paved the way for the world’s first regulatory guidance on cryptocurrencies to come into effect.
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