CFTC charges Uniswap, Brazils X ban, and more: Law Decoded

Uniswap Labs agreed to pay $175,000 in civil penalties and cease trading leveraged tokens following CFTC charges.

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Coinbase scores partial victory in legal battle against the SEC

Crypto exchange Coinbase secured a partial victory in federal court this week in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). In a filing dated Sept. 5,  the US District Court for the Southern District of New York, Judge Katherine Failla partially granted Coinbases motion to compel the SEC to hand […]

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Telegram might be an unencrypted treasure trove of data and Pavel Durov might just be a geopolitical pawn

The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. Pavel Durov, the CEO of Telegram, was arrested this week after a four-day interrogation relatedpublicly at leastto the existence of illegal activity on his app, including child pornography. The ensuing media frenzy painted Telegram as an almost esoteric, privacy-centered app, which is […]

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Coinbase to face shareholder lawsuit over SEC risks, judge rules

A federal judge has rejected Coinbase’s motion to dismiss a proposed class action lawsuit by shareholders, Reuters reported Sept. 6. The lawsuit accuses the largest US crypto exchange of downplaying the likelihood of being sued by the US Securities and Exchange Commission (SEC). US District Judge Brian Martinotti ruled on Sept. 5 that shareholders adequately […]

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SFC Initiates Legal Action Against SoftMedx Healthcare and Former Directors

The SFC has commenced legal proceedings against SoftMedx Healthcare Limited and its former directors for alleged regulatory violations. (Read More)

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Ohio senator introduces bill to legalize Bitcoin, crypto payments for state taxes, fees

Ohio State Senator Niraj Antani introduced legislation aiming to legalize Bitcoin (BTC) and other crypto payments for taxes and fees in the state of Ohio and its local political subdivisions. The bill introduced on Sept. 30 permits Ohioans to use digital assets, including Bitcoin, to fulfill their state and local tax obligations, pushing […]

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Terraform Labs moves $62.81M in BTC amid final wind-down steps

On-chain data shows that a crypto wallet linked to the bankrupt Terraform Labs moved 1,075 BTC, valued at approximately $62.81 million, to a new address (bc1q5) on Sept. 2. While the firm has yet to comment publicly on the transfer, market analysts note that it aligns with Terraform Labs’ plan to wind down operations following […]

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Galois Capital hit with SEC charges for failing custody requirements

The US Securities and Exchange Commission (SEC) has charged and settled with hedge fund Galois Capital Management LLC over a private fund managed by the firm that primarily invested in crypto, according to a statement published on Sept. 3. The SEC charges are related to Galois Capital allegedly failing to comply with client asset safeguarding […]

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US Judge rules software code does not qualify as free speech in Tornado Cash case

A US judge has ruled that software code used in crypto protocols like Tornado Cash does not qualify for First Amendment protection, rejecting arguments that deploying such code is protected as free speech. The decision, delivered by Judge Katherine Polk Failla in the Southern District of New York on Sept. 26, also sets a precedent […]

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Tornado Cash Loses Motion to Dismiss

A short summary of the recent decision regarding the Tornado Cash case.

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Mango DAO, Blockworks Foundation settle SEC charges for $700K, agree to delist MNGO

The US Securities and Exchange Commission (SEC) settled charges against Mango Markets’ decentralized autonomous organization (DAO) and the Blockworks Foundation on Sept. 27. The watchdog had accused both entities of selling unregistered securities following Mango Markets’ $100 million exploit in 2022, which brought the platform under heightened regulatory scrutiny. Under the terms of the settlement, […]

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WazirX granted 4-month $230 million debt repayment extension by Singapore court

Since the $230 million hack in July, WazirX has been scrambling to recover the assets and pacify users. The Indian crypto exchange had asked for a six-month moratorium to deal with the crisis. However, a Singapore court granted only four months relief, with conditions, on Thursday, Business Standard reported. As part of the conditions, WazirX […]

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Do Kwons extradition mired in controversy after Montenegros ex-Justice Minister alleges corruption

Montenegro’s former Justice Minister Andrej Milovi has raised serious concerns about the potential link between the extradition of Terraform Labs co-founder Do Kwon and Montenegro’s airport concession deal with South Korea, local news outlet Vijesti reported on Sept. 24. Milovi alleged that Prime Minister Milojko Spaji shifted his stance on a 30-year concession for Montenegro’s […]

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Caroline Ellison sentenced to 24 months in prison for her role in FTX collapse

Caroline Ellison, the former chief executive of Alameda Research and ex-girlfriend of disgraced crypto entrepreneur Sam Bankman-Fried (SBF), received a two-year prison sentence and was ordered to forfeit $11 billion for her role in the collapse of FTX. The Sept. 24 court ruling comes despite Ellison’s request for no prison time on the basis that […]

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Sweden sees crypto exchanges as professional money launderers

Swedish authorities label certain cryptocurrency exchanges as key enablers of organized crime, highlighting four distinct money-laundering profiles.

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Court questions SECs vacuous denial of Coinbase rulemaking petition

In 2022, Coinbase asked the SEC to propose and adopt rules to govern crypto, including clarification of which crypto assets are securities.

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Lawmakers call for stablecoin regulation, criticize SECs enforcement approach

Congresswoman Maxine Waters, the leading Democrat on the House Financial Services Committee, called for a bipartisan agreement on stablecoins by the close of 2024. During a committee hearing on Sept. 24, Waters expressed optimism that a legislative deal could be achieved, emphasizing the need for robust federal regulations and consumer protections as part of the […]

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Telegram to share IP addresses, phone numbers with authorities after policy shift

Telegram, long known for its strict privacy stance, will now provide user IP addresses and phone numbers to authorities in response to legal requests, Bloomberg News reported Sept. 23. According to the report, CEO Pavel Durov announced the change to the platform’s terms and conditions. The move is a major shift for the messaging platform, […]

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Binance exec seeks bail in Nigeria amid deteriorating health issues

Detained Binance executive Tigran Gambaryan, facing money laundering charges in Nigeria, made a fresh bail request on medical grounds during his court appearance on Sept. 2, according to a family statement shared with CryptoSlate. Gambaryan’s legal team cited his deteriorating health in prison as the basis for the application. They reported that his condition has […]

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SEC seeks 4-month extension for fact discovery in Coinbase lawsuit

The US Securities and Exchange Commission (SEC) has requested a four-month extension to complete fact discovery in its lawsuit against Coinbase. In a letter submitted to Judge Katherine Polk Failla on Sept. 18, the SEC asked to move the current discovery deadline from Oct. 18 to Feb. 18, 2025. The agency said the extension would allow […]

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