Digital asset lawyer Jeremy McLaughlin has expressed optimism on a re-ignition of the United States cryptocurrency market following landmark wins recorded by Ripple and Grayscale over the Securities and Exchange Commission (SEC). Speaking on Aug. 31 at an Intersekt23 panel in Melbourne, McLaughlin, a partner from K&L Gates stated that recent court victories have turned…
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One of the founders of the Tornado Cash crypto mixer, Roman Storm, has been released on bail, his lawyer announced on social media. Storm, who was arrested in the United States, has been charged with money laundering and sanctions violations through the unlicensed platform. Storm Out on Bail After Indictment for His Role in Running…
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Some DAO members joked about the situation, while others believed an ulterior motive might be at play. BarnBridge DAO members have been told to pause “all work” related to the project after a reported probe by the United States Securities and Exchange Commission (SEC). In a July 6 post to the platform’s Discord channel, Douglas…
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A lawyer representing Onecoin victims has urged Bulgarian authorities to reopen an investigation into the crypto pyramid scheme and seize assets to compensate his clients. The attorney is asking officials in Sofia to take into account developments he considers related to the case, including the recent murder of a Bulgarian crime figure in South Africa.…
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Michael Kanovitz, a lawyer threatening to file a class action against Ben.eth, says the PSYOP scheme bear similarities to cases that have seen SEC enforcement. Ben.eth, the pseudo-anonymous memecoin creator behind at least three controversial token launches in recent weeks, could fall under the crosshair of United States regulators, crypto lawyers suggest. A previously little-known…
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Investors pointed to Musk’s portrayal of “a fictitious financial expert” during a Saturday Night Live appearance, where he referred to Dogecoin as “a hustle,” as a reference point in the lawsuit. Elon Musk and his lawyers reportedly requested a United States judge to dismiss the $258 billion lawsuit filed by investors who alleged that he…
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The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra blockchain project, have been questioned by U.S. law enforcement. Unusual Relationship:…
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Crypto exchange BTC-e’s alleged operator Alexander Vinnik may be a candidate for prisoner swap between the United States and Russia. That’s according to a statement by one of his lawyers for Russian media. The latest court hearing in Vinnik’s case has been postponed. Russian Accused of Laundering Billions Through Crypto May Return Home, According to…
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The 120-page motion came from a creditor who asked for the appointment of a Chapter 11 trustee, citing alleged fraud and incompetence at Voyager. A Voyager creditor and finance lawyer wants to see a Chapter 11 trustee appointed in crypto brokerage Voyager Digital’s bankruptcy trial, which would see Voyager lose control of its estate. In…
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Ripple Lawyer Argues SEC Chair Gensler Has Prejudged Crypto Asset Cases
Recently, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), expressed his opinion in a detailed interview with New York Magazine’s Intelligencer regarding why he believes crypto assets other than bitcoin are securities. However, Stuart Alderoty, Ripple’s chief legal officer, argues that Gensler must “recuse himself from voting on any enforcement case…
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