Crypto Law Experts Suggest SEC Likely To Lose Key Case And Discredit Howey Test

Crypto Law Experts Suggest SEC Likely To Lose Key Case And Discredit Howey Test

October 31, 2022 0

As the cryptocurrency trial of the century draws to an close in a Manhattan federal court, there are increasing signs that the U.S. Securities and Exchange Commission (SEC) faces a bruising defeat against the San Francisco-based enterprise blockchain innovator Ripple Labs. The verdict could drastically limit the SEC’s authority to regulate crypto in the United […]

Former Coinbase manager and two others charged in crypto insider trading scheme

Former Coinbase manager and two others charged in crypto insider trading scheme

July 21, 2022 0

Three people have been charged in the first-ever crypto insider trading tipping scheme. The individuals were charged with wire fraud conspiracy and wire fraud in connection with a scheme to commit insider trading in cryptocurrency assets Three people have been charged in the first-ever crypto insider trading tipping scheme, according to the U.S. Attorney’s Office […]

John McAfee Associate Fined by the SEC For ICO Promotions and Pump and Dump Scams

John McAfee Associate Fined by the SEC For ICO Promotions and Pump and Dump Scams

July 17, 2022 0

McAfee’s Associate Jimmy Gale Watson Fined $375K and Banned From Professional Securities and Digital Asset Schemes The US Securities and Exchange Commission announced a judgment against an associate of the late John McAfee for participating in an alleged initial coin offering (ICO) scam. The top financial watchdog argued that Watson had assisted John McAfee by […]

You’ve Been Served Via NFT: British Court Gives OK to Sue on Blockchain

You’ve Been Served Via NFT: British Court Gives OK to Sue on Blockchain

July 13, 2022 0

In Britain, you can now use the blockchain to sue someone. A UK judge gave the go-ahead to serve legal documents—the process of bringing a lawsuit to a person’s attention—over the blockchain ledger by a non-fungible token for the first time, according to court documents made public this week. The ruling comes from a case […]

Crypto.com, Coinbase violate the most advertising guidelines among rivals, report says

Crypto.com, Coinbase violate the most advertising guidelines among rivals, report says

May 29, 2022 0

Cryptocurrency exchanges Crypto.com (CRO-USD) and Coinbase Global (NASDAQ:COIN) have breached the most advertising rules among its competitors, according to a recent Crypto Head’s report, which analyzes ads that were banned in the U.K. by the Advertising Standards Authority (“ASA”). The report counted 13 advertising code violations by Crypto.com (CRO-USD) and 12 by Coinbase (COIN), topping […]

Korean police seek freeze on Luna Foundation Guard assets: KBS

Korean police seek freeze on Luna Foundation Guard assets: KBS

May 23, 2022 0

Police authorities in South Korea are taking action to freeze assets tied to the non-profit group Luna Foundation Guard, according to KBS, the country’s national broadcaster. Per the publication, the Seoul Metropolitan Police Agency asked multiple exchanges to block Luna Foundation Guard (LFG) from withdrawing any corporate funds. However, the exchanges are not bound by […]

Arthur Hayes Sentenced to Two Years Probation, Six Months House Arrest

Arthur Hayes Sentenced to Two Years Probation, Six Months House Arrest

May 20, 2022 0

Key Takeaways BitMEX co-founder Arthur Hayes has been sentenced to two years’ probation and six months of home detention by a federal court in New York. Hayes pled guilty in February to violating the U.S. Bank Secrecy Act. According to Hayes’ plea deal the sentence could have carried up to 12 months in prison, with […]