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GeneralBeginnerThe U.S. Securities and Exchange Commission (SEC) has accused crypto platform Unicoin and three of its top executives of misleading investors and raising $100 million through false claims. In a statement released on May 20, the SEC announced charges against Unicoin CEO Alex Konanykhin, board…
#law#sec#united-states
Genesis, the bankrupt crypto lender, has filed two lawsuits against its parent company, Digital Currency Group (DCG), and DCG CEO Barry Silbert. The allegations? Fraud, reckless mismanagement, and siphoning off more than $1 billion in value, much of it, according to the lawsuits, at the expense of…
#crypto#united-states
GeneralBeginnerBinance is once again at the center of a legal storm, seeking to steer a class-action lawsuit into arbitration. The cryptocurrency exchange has petitioned a U.S. federal court to compel all members of a securities class-action suit to resolve their claims through arbitration, citing its updated…
#binance#court#crypto
GeneralBeginnerIn the Tornado Cash case, attorneys for developer Roman Storm accused US prosecutors of withholding critical exculpatory evidence. According to a letter dated May 16 to Judge Katherine Polk Failla, the defense contends that contacts between the Department of Justice and FinCEN from 2023 indicate…
#tornado-cash#united-states#us-government
SolanaBeginnerThe U.S. Securities and Exchange Commission (SEC) has postponed its decision on a proposed spot Solana ETF, leaving the crypto industry waiting for clarity on similar filings tied to Polkadot and XRP, which are expected to face key deadlines in June. According to a filing dated May 13, the SEC has…
#altcoin#crypto#defi
BitcoinBeginnerTwo former executives of the bankrupt crypto lending service Cred, Daniel Schatt (CEO) and Joseph Podulka (CFO), have pleaded guilty to wire fraud related to the company’s collapse. The plea deals, according to May 13, were filed in a California District Court, with Judge William Alsup setting a…
#altcoin#court#crypto
BitcoinBeginnerThree teenagers allegedly kidnapped a man at gunpoint after he returned home from hosting a cryptocurrency event downtown. According to police, the suspects forced the man into a vehicle and drove him an hour into the desert, where they coerced him into handing over access to his crypto wallets…
#altcoin#crime#crypto
GeneralBeginnerNearly 30 U.S. Crypto advocacy groups, led by the Crypto Council for Innovation’s Proof of Stake Alliance (POSA) group, argued on April 30 that, have asked the Securities and Exchange Commission (SEC) for clear regulatory guidelines on crypto staking. They assert that staking—a process where users…
#crypto#defi#sec
BitcoinBeginnerNew Hampshire’s House and Florida’s House Insurance and Banking Committee have both moved forward on legislation that would empower their states to build Bitcoin reserves. In New Hampshire, the House approved its Bitcoin reserve measure, HB302, by a 192-179 vote on April 10, sending the bill to…
#crypto#united-states
BitcoinBeginnerLawmakers in Minnesota and Alabama have introduced matching bills that, if passed, would permit their states to purchase Bitcoin. In Minnesota, the Bitcoin Act (HF 2946) was introduced to the state’s House by Republican Representative Bernie Perryman on April 1, following a similar bill introduced…
#crypto#law#united-states
XRP LedgerBeginnerBitnomial has withdrawn its lawsuit against the U.S. Securities and Exchange Commission (SEC), coinciding with its plans to launch XRP futures contracts in the United States. This move follows closely on the heels of news that the SEC is no longer pursuing its appeal in the legal battle with…
#altcoin#cftc#court
