The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools. The Blockchain Association has thrown fresh support behind six plaintiffs suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on the crypto mixer Tornado Cash. In a Nov. 20 amicus…
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The amicus brief was filed to support an appeal against the Internal Revenue Service in relation to a 2017 court order where Coinbase was forced to hand over data from more than 14,300 of its users to the IRS. Cryptocurrency advocacy group DeFi Education Fund (DEF) has urged a United States court to consider the…
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A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules for crypto assets in the United States as opposed to implementing existing regulations. Securities Regulators Association Throws Weight Behind SEC’s Position in…
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A body representing North America’s state securities regulators took aim at arguments made by crypto exchange Coinbase in its defense against the SEC. Digital assets should not be seen as “somehow special,” nor should action against Coinbase be seen as “novel or extraordinary,” argues an association of North American securities regulators. In an Oct. 10…
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Six professors of law have issued an amicus brief in favor of Coinbase, blasting the U.S. Securities and Exchange Commission’s (SEC) stance on the definition of investment contracts. Through a historical examination of the development of securities laws, the brief concludes that an investment contract “requires contractual undertakings to deliver future value.” Law Professors Explain…
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The crypto industry advocacy group has placed its support behind Coin Center and its lawsuit against the U.S. Treasury over its Tornado Cash sanctions. The Blockchain Association and the DeFi Education Fund have become the latest industry advocates to file their support of Coin Center’s lawsuit against the United States Treasury over its “unlawful” sanctions…
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The brother of a former Coinbase employee allegedly profited from an insider trading scheme and now has 20 years to repay the funds. The brother of a former Coinbase employee has agreed to pay the cryptocurrency exchange nearly $470,000 for his role in an insider trading scheme. According to a New York District Court filing…
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The evidence is mounting as “friends of the court” line up in support of Ripple Labs. Fintech firm Ripple is garnering more support from the crypto and finance industry in its ongoing battle with the United States Securities and Exchange Commission (SEC). On Nov. 4, Ripple chief executive Brad Garlinghouse proudly tweeted that the number…
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Crypto exchange Coinbase has filed documentation asking permission to help Ripple Labs in its ongoing legal battle with the SEC. United States-based crypto exchange Coinbase has become the latest organization to stand behind Ripple Labs in its legal battle against the Securities and Exchange Commission (SEC), which could wrap up as soon as the first…
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