Judge slams SEC’s overreach in Gastauer case
The First Circuit Court of Appeals reversed the SEC’s attempt to freeze assets held by Raimund Gastauer, a relief defendant who had no role in alleged securities violations. Judges ruled that the SEC must show he received ill-gotten gains he either retains today or can disgorge without harming third parties.
Coinbase expands beyond crypto as Bitcoin dips from $90,300 and stocks rebound Coinbase’s December 17 “System Update” is sharpening the competitive line between crypto-first platforms and all-in-one investing apps, as both Coinbase and Robinhood push deeper into products that blur the boundary between traditional finance and crypto. The update outlined three major additions: 24/5 commission-free…
Bitcoin can still fall further. Historical data shows $60,000 will be the bottom Bitcoin may have room to decline further, according to an interpretation of historical market data that points to $60,000 as a potential downside floor. The view is based on comparisons to previous Bitcoin drawdowns, where analysts often look at how far price…
SEC Swaps Enforcement Chief as Crypto Lawsuits Fade The U.S. Securities and Exchange Commission has named David Woodcock its new enforcement chief just as senators are demanding answers about why the agency quietly dropped cases against Justin Sun and several crypto firms. The timing suggests a shift in both personnel and posture toward digital assets….
Court Slams IRS Crypto Seizure as Overreach A federal judge in Washington just handed the IRS a setback in its hunt for crypto tax evaders, ruling that blanket warrants for digital wallets violate the Fourth Amendment. The decision in United States v. Twenty-Four Cryptocurrency Accounts throws cold water on broad seizures and signals that even…
Iran Floats Bitcoin Tolls for Oil Tankers in Hormuz Iran is weighing a plan to charge certain oil tankers a $1-per-barrel toll in Bitcoin to pass through the Strait of Hormuz, turning a critical global oil choke point into another battleground for crypto adoption. The move comes amid reported U.S.-Iran talks that would allow empty…
Bitcoin Hits $72K Wall: Altcoins Poised to Break Out? Bitcoin’s sharp relief rally is slamming into heavy selling pressure right around $72,000, testing the mettle of this bull run. Technical charts flash a bullish bias despite the resistance, hinting at more upside if it holds. The big question for investors: will altcoins pile on the…
