News list for "Connecticut"
Paul Grewal, Coinbase's chief legal officer, tweeted that Coinbase had filed prediction market-related lawsuits in Connecticut, Michigan and Illinois. "Prediction markets fall squarely under the jurisdiction of the CFTC, not any one state gaming regulator, let alone the 50 states. States seeking to control or block these markets outright stifle innovation and violate the law."
Connecticut launched a legal offensive into sports contracts, issuing cease-and-desist notices on Wednesday to three major prediction market operators - Robinhood, Kalshi and Crypto.com - that the state's consumer protection division accused of engaging in "unlicensed sports betting". According to the state notice, these companies are "hereby ordered to immediately cease and terminate advertising, offering, promoting, or in any way making available contract or other form of unlicensed online gam...
According to Bitcoin Laws, Connecticut Governor Ned Lamont today officially signed the state's bitcoin reserve ban bill. Connecticut has now been banned from accepting, holding, or investing in any digital asset.
ETF issuer Osprey Funds is asking a Connecticut court judge to review its decision that Grayscale Investments prevailed in a $2 million unfair trading lawsuit against the bitcoin fund of asset manager Grayscale Investments. Osprey filed a motion for reargument in the Connecticut Superior Court on Feb. 10, claiming that Judge Mark Gould's Feb. 7 ruling, which expanded the exemption under the Connecticut Unfair Trade Practices Act, was made "before the evidence was available."
According to the Associated Press, Vice President Harris is expected to win Connecticut, Rhode Island, and Massachusetts.
The U.S. District Attorney's Office for the District of Connecticut recently announced that Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax crimes involving cryptocurrencies. The case was investigated by the U.S. Federal Bureau of Investigation (FBI) and the U.S. Internal Revenue Service (IRS). According to court documents, the Justice Department explained that between March 2021 and April 2022, the man and co-conspirator Kristian Gupta...
