News list for " Laws"
Crypto service providers are required to remove unlicensed stablecoins due to new European regulations. Kraken is developing a dollar-pegged stablecoin and plans to issue it by its Irish subsidiary. Meanwhile, Crypto.com plans to launch its own stablecoin in the third quarter of 2025 and expand to the European market.
Jeff Park, a senior executive at Bitwise, wrote that insider trading leading to losses is technically not illegal under US securities laws, because insider trading, as securities fraud, needs to meet the three components of liability, breach of contract and damages. Jeff Park explained that the Securities Exchange Commission's (SEC) definition of insider trading is primarily based on the Securities Exchange Act's...
Lawyer Jeremy Hogan believes the SEC's lawsuit against Ripple will be resolved before the XRP ETF is approved, adding that this is not because it has to happen in that order, but because the ETF will take longer to perfect every detail.
Market news: US states have filed a lawsuit to block Musk's Government Efficiency Reform (DOGE) from accessing the government payment system.
Market news: Trump and X have reached a settlement in a lawsuit filed over Twitter's ban after January 6.
Coinbase filed a status report in its FOIA (Freedom of Information Act) lawsuit against the SEC. The report states that the previous SEC leadership only superficially searched for documents that should be made available to the public during the ETH 2.0 investigation, while conducting massive regulation through subpoenas and lawsuits. Coinbase is asking the court to order the SEC to conduct an adequate search and provide the required documents without further delay.
According to market news, PumpFun is facing a class-action lawsuit, with plaintiffs accusing the platform of violating US securities laws and claiming that all tokens created through its "Meme Factory" are securities.
Binance.US lost thousands of customers, billions of dollars in losses and was later forced to lay off 70% of its workforce after the Securities Exchange Commission filed suit. The company is currently making a comeback and expects to resume operations Binance.US coming weeks.
According to the Nikkei: Japan Steel plans to file a lawsuit over the blockage of U.S. steel transactions.
The Internal Revenue Service (IRS) has argued in a lawsuit that staking cryptocurrencies should create a tax liability immediately upon completion. The IRS has dismissed a lawsuit filed by cryptocurrency investor Joshua Jarrett in the U.S. District Court for the Middle District of Tennessee. The lawsuit concerns the tax treatment of staking, a process by which new tokens are generated by verifying monetary transactions using existing tokens and computing power. In its response on Dec. 20, the IR...
