Brazils Supreme Court threatens to suspend X by Aug. 29

The proposed suspension of services came amid an ongoing feud between Elon Musk and Judge Alexandre de Moraes.

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Judge finds Ripple Labs liable for $125M penalty in SEC case: Law Decoded

Ripple faces a $125 million civil penalty after a federal judge rules in favor of the SEC, rejecting the agencys $2 billion claim.

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SEC vs. Binance: Court rules BNB sales, cryptocurrencies not securities

In a major win for the crypto industry, a federal court ruled that cryptocurrency tokens themselves are not securities.

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Court allows most SEC claims to proceed in Binance suit

Judge Amy Berman Jackson, however, dismissed the SECs claim that BNB is traded illegally on secondary markets, citing the Ripple decision.

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Four months in prison for CZ, another US state kicks out Binance.US: Law Decoded

While Changpeng CZ Zhao received a surprisingly moderate jail term, Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US license.

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Judge rules US Treasurys OFAC powerless to reinstate Tornado Cash sanctions

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) is unable to reverse sanctions imposed on Tornado Cash, a popular Ethereum mixer service. Despite efforts to reach out to OFAC for clarification on the matter, it seems the sanctions placed on Tornado Cash will remain in place. This development has raised concerns [...]

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Gemini Expands to Miami Following Judges Decision to Halt SEC Case

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has announced the opening of a new office in Miami. This expansion comes as the company faces setbacks with the Securities and Exchange Commission (SEC) temporarily halting their plans for an initial public offering (IPO). The Miami office is expected to serve as a hub [...]

The post Gemini Expands to Miami Following Judge’s Decision to Halt SEC Case appeared first on Crypto Breaking News.

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New York Judge Determines SECs Case Against Gemini and Genesis Is Plausible for Alleged Securities Law Violations

A New York federal judge has ruled that the Securities and Exchange Commission (SEC) has “plausibly alleged” that Gemini and Genesis violated securities laws through the Gemini Earn program. Judge Edgardo Ramos Highlights Hurdles in Dismissing Injunction Claims Early; Cites Howey and Reves A federal court in New York has affirmed the plausibility of the [...]

The post New York Judge Determines SECs Case Against Gemini and Genesis Is Plausible for Alleged Securities Law Violations appeared first on Crypto Breaking News.

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US Judge Dismisses SEC Fraud Lawsuit Against Hex Founder Richard Heart

In a recent development, a United States judge has decided to dismiss a fraud lawsuit filed by the Securities and Exchange Commission (SEC) against the founder of the cryptocurrency HEX. This decision comes as a significant victory for the crypto community and raises questions about the regulatory environment surrounding digital assets. The lawsuit, which alleged [...]

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French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four French banks and one international [...]

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Prosecutors Want Sam Bankman-Fried Jailed Ahead of Trial

U.S. prosecutors have asked a federal judge to put crypto exchange FTX founder Sam Bankman-Fried in jail over alleged witness tampering before his trial starts in October. While requiring the prosecution to formalize the request and giving the defense enough time to make its case, the judge issued a temporary gag order restricting their public [...]

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Mainstream media challenge decision to protect FTX customers: Report

Legal representatives of the media outlets have reportedly argued that FTX is not entitled to a “novel and sweeping exception” just because its customers used cryptocurrency.

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Terraform Labs CEO Do Kwon Denied Bail by Montenegrin High Court; Extradition Requests Loom

A Montenegrin high court judge has reportedly invalidated the bail application of Do Kwon, the co-founder of Terraform Labs. Kwon was detained for providing false identification while boarding a flight to Dubai alongside a companion on March 23, 2023. Terraform Labs Co-Founder’s Bail Request Invalidated by Montenegrin High Court For the past 62 days, Do [...]

The post Terraform Labs CEO Do Kwon Denied Bail by Montenegrin High Court; Extradition Requests Loom appeared first on Crypto Breaking News.

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SBF’s lawyers unable to tap his parent’s phones to meet bail conditions

Sam Bankman-Fried’s legal team have requested a third extension on the enforcement of his revised bail conditions, citing difficulties in installing monitoring software on his parents cell phones to capture a photo of the user “every five minutes.” In an April 19 court filing in the Southern District of New York, Sam Bankman-Fried’s lawyers, Mark [...]

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Judge Expresses Concerns Over Proposed Bail Conditions for Former FTX Founder

U.S. District Judge Lewis Kaplan has expressed concerns over the proposed bail conditions for former FTX founder Sam Bankman-Fried, citing the risk of potential evasion and covert electronic communication. (Read More)

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Judge Considers Dismissing Shaquille ONeal and Naomi Osaka from FTX Lawsuit

A federal judge in Florida is considering dismissing Shaquille O’Neal and Naomi Osaka from the FTX lawsuit due to uncertainty about whether they were served. The judge reprimanded other celebrity defendants for not following proper procedure in requesting a conference extension. A consolidation request by some plaintiffs against FTX was denied, and lawyers for former FTX CEO Sam Bankman-Fried noted the possibility of pushing back the criminal trial scheduled for October 2023. (Read More)

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Voyager creditors serve SBF a Subpoena to appear in court for a ‘remote deposition’

Bankman-Fried has only a matter of days to meet document requirements before his appearance in court next week.

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SBF’s $250M Bail Providers To Be Made Public Per Judge Orders

The collapse of FTX had a significant influence on the market as a whole. After Sam Bankman-Fried (SBF) was taken into custody, justice was partially done. He was nonetheless given a huge $250 million bond and is now under home arrest. His parents were guarantors of this bond, but the identities of the other two […]

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Daring drive-by at SBF’s: 3 men drove into barricade and fled: Lawyers

The lawyers didn’t specify the date or time when the incident took place, and claimed that security personnel was unable to get the license plate details.

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US Judge steps down from SBF case | Invezz

The latest crypto news is that the judge assigned to the case against former FTX CEO Sam Bankman-Fried has recused herself from the case. According to court documents, US District Judge Ronnie Abrams had stepped down “to avoid any possible case of conflict of interest, or the appearance of one.” Are you looking for fast-news, ... Read more

<p>The post US Judge steps down from SBF case | Invezz first appeared on CCNC.</p>

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