The legal standing of cryptocurrency developers and the definition of illicit activities within the digital asset space were central themes in a recent U.S. District Court hearing concerning Tornado Cash developer Roman Storm. Judge Katherine Polk Failla presided over arguments…
What a week for Bitcoin. Seven days ago, BTC was grinding in fear. Sentiment was at extreme lows. The Iran conflict had been capping every rally for over a month, and traders were either scared or exhausted. Then one Truth…
An international law enforcement initiative has successfully disrupted over 120 cryptocurrency fraud domains, effectively dismantling critical infrastructure utilized by malicious actors. This operation, named “Operation Atlantic,” targeted approval phishing scams and resulted in the disruption of more than $45 million…
A recent report from the White House on stablecoins is not expected to significantly alter the legislative challenges facing cryptocurrency bills, according to TD Cowen. The investment bank suggests that the path forward for measures like the Clarity Act may…
The intersection of political events and cryptocurrency promotion has become a focal point of regulatory concern, particularly following the recent announcement of a high-profile memecoin gala hosted by former President Donald Trump. The event, scheduled for April 25th at Mar-a-Lago,…
The U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) have formally requested a federal court to prevent Arizona from pursuing criminal charges against Kalshi, a prediction market operator. The federal agencies assert that Kalshi’s event-based contracts,…
South Korean cryptocurrency exchange Bithumb has initiated legal action to reclaim Bitcoin that was erroneously distributed to users during a promotional event earlier this year. Reports indicate that Bithumb has sought a court order to freeze approximately 7 BTC, valued…
The Yuga lawsuit that gripped the NFT world for years has officially come to a close. Yuga Labs — the company behind the Bored Ape Yacht Club (BAYC) — has settled its long-running legal battle with artist Ryder Ripps and…
Yuga Labs, the creator of the popular Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, has reportedly reached a settlement in its protracted trademark infringement lawsuit against conceptual artist Ryder Ripps and his business partner Jeremy Cahen. This resolution…
src=”https://www.tbstat.com/cdn-cgi/image/f=avif,q=50/wp/uploads/2023/09/20230814_TheSEC_News-1200×675.jpg” alt=”SEC appoints David Woodcock as new enforcement director amid concerns over previous lead, agency’s crypto cases”> The U.S. Securities and Exchange Commission (SEC) has appointed David Woodcock as the new director of its division of enforcement. This leadership transition…