CFTC WINS POWER GRAB IN SEVENTH CIRCUIT SHOWDOWN The Seventh Circuit just handed the Commodity Futures Trading Commission a sweeping procedural victory that strengthens its ability to demand documents from companies without first proving a violation occurred. In a terse order, the court denied Kraft Foods and Mondelēz’s attempt to block the agency’s broad subpoena,…
Court Rejects Crypto-Token Centralization, Signals SEC’s Next Battleground A federal judicial panel refused to bundle three separate crypto-token lawsuits into one Illinois courtroom, leaving the cases scattered across districts. The decision keeps litigation fragmented, raising costs and uncertainty for both plaintiffs and token issuers facing potential SEC enforcement. The motion, filed by plaintiff Anthony Motto…
Court Hands SEC Rare Crypto Win, Expands Broker Reach Fifth Circuit ruling gives regulators new muscle over digital-asset dealers. A Texas crypto company that quietly sold Bitcoin and Ethereum for cash lost its bid to keep the SEC at bay, with the Fifth Circuit declaring that merely facilitating trades between customers and a trading desk…
$47M Still Missing After Liquid Hack as Blockstream Bargains With ‘White Hats’ $47 million remains missing following a hack involving Liquid, while Blockstream is negotiating with individuals described as “white hats” in an effort to address the situation. The limited information available does not specify when the hack occurred, how the funds were taken, or…
CFTC WINS ROUND IN MONEX FIGHT, BUT CRYPTO TRADERS STILL IN LIMBO The Ninth Circuit just reversed a district-court win for Monex, ruling that the CFTC can pursue the precious-metals dealer for alleged fraud in leveraged retail transactions. The decision keeps the agency’s enforcement reach intact over certain spot contracts that courts previously treated as…
Metaplanet cuts executive reward pool by 41%, wiping out $220 million in potential value Metaplanet has moved to shrink an executive compensation scheme tied to its expanding share count, cutting the potential Series 10 stock acquisition rights pool by about 41% to 188.2 million shares. The change effectively removes roughly $220 million in potential value…
Court Says CFTC Can’t Silence Crypto Critics Trevor Kitchen just beat the CFTC in federal court, and the ruling could make regulators think twice before muzzling industry voices. The D.C. Circuit told the agency it overstepped when it tried to punish Kitchen for criticizing its enforcement tactics, forcing the Commission to drop its case and…
Consensys Is Splitting in Two as MetaMask Goes Its Own Way Consensys is splitting its business into two separate entities, with its MetaMask wallet unit moving toward an independent structure. MetaMask is one of the best-known products in the Ethereum ecosystem, providing users with a wallet and an interface for interacting with decentralized applications. Consensys…
Court Hands CFTC Power Over Crypto “Futures” Scam Federal regulators just won a decisive Ninth Circuit ruling that gives the Commodity Futures Trading Commission sweeping authority to police unregistered crypto trading schemes, even when defendants claim their tokens aren’t commodities. The decision slams the door on a defense that has let shady operators hide behind…
COURT FREEZES 24 WALLETS IN IRS CRYPTO TAX SWEEP A federal judge just handed the IRS the power to seize crypto wallets without naming the owners. The ruling turns a simple civil forfeiture case into a blueprint for how the government can hunt tax dodgers in digital assets. The IRS and Justice Department launched a…
SEC Drops Binance Charges, Keeps CEO On Hook The Securities and Exchange Commission has walked away from most of its case against Binance and its founder Changpeng Zhao, leaving only a narrow claim that Zhao personally violated a court order. What looked like a blockbuster enforcement action is now a shadow of itself, and the…
Bitcoin Rally Cools, But a Golden Cross Is Coming Bitcoin’s recent rally has begun to lose momentum, even as market attention turns to the possibility of an upcoming golden cross—a technical pattern in which a shorter-term moving average rises above a longer-term moving average. The combination presents a mixed picture: near-term momentum has weakened, while…
COURT SLAMS DELAWARE BLOCKCHAIN FIRM IN RULING A Delaware Superior Court judge just handed Diamond Fortress Technologies and its CEO a crushing defeat, ruling that the company’s entire lawsuit against its former partner was filed in the wrong court at the wrong time. The decision not only kills the case but signals how judges are…
Crypto Nerd’s Nugget of the Week: Pi Network Pi Network is a mobile-first crypto project built around making participation accessible through a smartphone app rather than energy-intensive mining hardware. Its ecosystem has focused on user onboarding, identity verification, and a transition toward an open blockchain environment where applications, wallets, and token transfers can operate more…
Grayscale Wins: Appeals Court Slams SEC Bitcoin ETF Rejection The D.C. Circuit just handed Grayscale a decisive victory, ordering the SEC to reconsider its denial of the firm’s proposed spot Bitcoin exchange-traded fund. In a unanimous opinion the court found the agency failed to explain why it approved futures-based Bitcoin ETFs while rejecting the spot…
COURT HANDS CFTC BROAD NEW SWEEP OVER CRYPTO The Seventh Circuit just handed the CFTC sweeping power to police crypto trading platforms, even when they never touch futures contracts. In a ruling that could reshape enforcement overnight, the court said any firm offering “leveraged” crypto trades to U.S. customers falls under the agency’s jurisdiction—whether or…
Sam Bankman-Fried Asks Supreme Court to Overturn FTX Fraud Conviction Sam Bankman-Fried has asked the U.S. Supreme Court to overturn his conviction for fraud connected to the collapse of FTX, the cryptocurrency exchange he founded. The request places his case before the nation’s highest court. However, asking the Supreme Court to intervene does not mean…
Court of Appeals Hands Coinbase Partial Win Against SEC The Third Circuit just cracked open the SEC’s playbook on crypto enforcement by declaring that Coinbase’s petition for review can move forward, rejecting the agency’s attempt to block judicial scrutiny. The ruling signals that exchanges and token issuers now have a clearer path to challenge what…
AFTER 2049 Confirms Headliners Claptone and Crusy for Singapore Grand Prix Weekend Kickoff TOKEN2049 has confirmed the latest headliners for AFTER 2049, the conference’s official closing event in Singapore: global house artist Claptone and Madrid-based DJ Crusy. According to the announcement distributed via Chainwire, AFTER 2049 will take place on 9 October 2026 at the…
TRON Expands MetaMask Connectivity Across B.AI, SUN.io, JustLend DAO and BitTorrent TRON is expanding MetaMask connectivity across four projects in its ecosystem: B.AI, SUN.io, JustLend DAO and BitTorrent. The development connects MetaMask, a widely used crypto wallet, with a broader range of TRON-based platforms. Users of the participating services will be able to access them…
