LFG Slow-Walks Plan to Repay Small-Time Terra Holders, Citing Legal Threats
Luna Foundation Guard previously promised to repay "small" holders of the UST stablecoin with its remaining reserves. Original Source
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Legal
Virtual Assets ‘Remain Without Legal Tender Status’ but Merchants Can Still Accept Them as Payment – Africa Bitcoin News
The Bank of Namibia recently said it has brought virtual assets and virtual asset service providers under its fintech innovations regulatory framework, and that it plans to amend applicable laws and regulations. According to the central bank’s governor, there is an ongoing “battle between regulated and unregulated money on the
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Second Crypto Group Objects to CFTC's Use of Chat Bot to Serve Legal Papers
The DeFi Education Fund, a D.C.-based organization, has filed to join the Ooki DAO case in hopes of blocking the CFTC from being able to serve the DAO through a website post. Source
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With Crypto Governance in CFTC Crosshairs, SushiSwap Exchange Mulls Legal Shakeup
The robust participation in Sushi DAO votes is, however, a stronger claim to decentralization than Ooki has ever seen, Nansen data shows. Over 1,800 individual wallets have voted in Sushi DAO in the past six months, compared to a mere nine in Ooki over the same period. That said, Sushi
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CFTC takes legal action against Digitex futures exchange and CEO
The United States Commodity Futures Trading Commission, or CFTC, filed a complaint against Digitex LLC and its founder and CEO Adam Todd for failing to register the cryptocurrency futures exchange and manipulating the price of its DGTX token.According to a Sept. 30 court filing in the Southern District of Florida,
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Republican Lawmakers File Amicus Brief in Support of Custodia Bank’s Legal Battle With the Federal Reserve
In Custodia’s complaint, lawyers for the Wyoming-based bank argued that a master account was “vital to Custodia’s ability to operate effectively and efficiently,” and that the Fed’s continued waffling on the decision was detrimental to Custodia’s customers – and, furthermore, indicated a “black box bureaucratic process with no clear rules”
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EU Finalizes Legal Text for Landmark Crypto Regulations Under MiCA
A leaked draft of the text, reviewed by CryptoX, shows the rules could apply to fractionalized NFTs. Source
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XRP price risks 30% decline despite Ripple’s legal win prospects
Ripple (XRP) price was wobbling between profits and losses on Sept. 19 despite hopes that Ripple would eventually win its long-running legal battle against the U.S. Securities and Exchange Commission (SEC).Ripple and the SEC both agreed to expedite the lawsuit on Friday to get an answer on whether $XRP is a
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Possession of Bitcoin still legal in China despite the ban, lawyer says
Despite enforcing a major cryptocurrency ban one year ago, the Chinese government still protects local crypto investors as crypto is recognized as virtual property protected by the law.One of the world’s most hostile countries toward Bitcoin (BTC), China has not yet banned the possession of cryptocurrencies, according to David Lesperance,
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Bitcoin Struggles Following Inflation Report; California Crypto Bill Is an Overstep, Say Legal Experts
Ether, the second biggest crypto in market value, followed a similar pattern and was changing hands under $1,600, a roughly 6% decline from a day earlier as inflation worries trumped Merge excitement. The Merge, the shifting of the Ethereum blockchain from a slower, more energy sapping proof-of-work protocol to proof-of-stake
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