Some users of Celsius (CEL), a troubled major crypto lender, are facing liquidations of their trading positions as the crypto market crashes and industry players discuss (in)solvency of Celsius and chances to sue the company. To make things worse, the company has also suspended withdrawals, Swaps, and transfers between accounts, hindering even those users…
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The Washington-based crypto industry pressure group Coin Center says it has filed a lawsuit against the United States Treasury Department and the Internal Revenue Service – claiming that the crypto tax reporting requirements included in President Joe Biden’s Infrastructure Investment and Jobs Act last year are “unconstitutional.” In a filing submitted to a branch…
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It may have strong competition, but one of the most disturbing things to happen to crypto in 2022 was the Ontario Superior Court of Justice issuing a Mareva injunction. Set against the backdrop of demonstrations and blockades that “paralyzed” Ottawa early this year, this injunction permitted the seizure of cryptoassets belonging to protestors, who…
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American regulators have waded into the aftermath of the terraUSD (UST) crash last month – and the coin’s operators could face trouble at the hands of United States courts and the Securities and Exchange Commission (SEC)…. Read More: SEC Reportedly Looking into UST ‘Federal Violations’ of ‘Investor Protection Regulations’ Read more »Pay, Trade, Buy…
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In what could represent a landmark legal development for the crypto industry, US law firm Holland & Knight has served a defendant a pre-trial temporary injunction as a non-fungible token (NFT), acting in a legal case involving its client, crypto exchange LCX. For the “first time in history”, “a temporary restraining order (TRO) to a…
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Leading voices in the crypto industry are optimistic that Grayscale, the major cryptoasset management firm behind the Grayscale Bitcoin Trust (GBTC), will be successful in getting the necessary approvals to convert the trust to a spot-based bitcoin (BTC) exchange-traded fund (ETF)…. Read More: Optimism Rises Towards Grayscale’s Bitcoin ETF Application as Star Legal Counsel…
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US digital asset-focused bank Custodia has filed a lawsuit against the Federal Reserve (Fed) Board of Governors and the Federal Reserve Bank of Kansas City, accusing the two institutions of “unlawfully” delaying its application for a master account with the Fed for 19 months…. Read More: US Crypto Bank Custodia Sues the Fed Over…
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A court in Brazil has ordered the domestic crypto exchange Foxbit and another crypto-related firm to “reimburse” customer who “lost” almost USD 3,000 worth of ethereum (ETH) in a transfer in February 2020…. Read More: Brazilian Crypto Exchange Foxbit Forced to Pay Customer in ‘Lost’ Ethereum Claim Read more »Pay, Trade, Buy Bitcoin with…
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