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The U.S. Securities and Exchange Commission has submitted a filing urging the court to grant its motion to appeal a ruling from the Ripple Labs lawsuit that deemed that XRP was not a security when sold to retail investors. The agency argued that there are “knotty legal problems” surrounding the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Growing operational costs, lack of trust, and legal scrutiny mark massive losses for crypto market makers. The once lucrative crypto market making sector is navigating choppy waters, with soaring operational costs and a $2 trillion market slump.
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The legal industry has risen as a major beneficiary amid the financial downturn of several prominent cryptocurrency firms, garnering hundreds of millions in fees. According to a report on Sep. 5, professionals, including lawyers, accountants, and consultants,
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Kim is advocating for a shift in strategy, proposing immediate taxation of all forms of income and assets within the metaverse. Christine Kim, a legal scholar and professor of law, in a recently published research paper has expressed concern about the possibility of tax evasion in the metaverse and has urged
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Harvard legal scholar and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse but treating it as “a laboratory for experimenting with cutting-edge policy.”In the paper, dubbed simply “Taxing the Metaverse,” Kim argues that the metaverse allows participants to create
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Spot bitcoin ETFs have existed for some time outside the U.S., but have failed to attract considerable investor interest, and bitcoin funds overall, both futures-based and physically backed funds, have attracted little investor interest since the second quarter of 2021, the report added. Source
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In the lawsuit, Schiermeyer accused co-founder Thurston of moving GALA tokens from wallet under Gala Games’ control to 43 different wallets. Co-founders of blockchain gaming platform Gala Games have engaged in a legal battle over two separate lawsuits filed in the court. One of the co-founders alleged the theft of
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Lawyers representing Ripple in its lawsuit with the United States Securities and Exchange Commission (SEC) have suggested the regulator hasn’t met the requirements to request an appeal.In a Sept. 1 filing with U.S. District Court for the Southern District of New York, Ripple’s legal team said the SEC’s grounds for
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On Aug. 30, Binance informed users via its in-app notification about its intended discontinuation of the BUSD stablecoin support in early 2024. Binance intends to cease support for the BUSD stablecoin. The move indicates a shift
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Department of Justice (DOJ) has expressed reservations over the validity of FTX founder Sam Bankman-Fried’s legal strategy. In a legal document filed on Aug. 29, the Department of Justice’s lawyers have contended that Sam Bankman-Fried’s
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