CFTC Crushes Crypto Trader in Landmark Fraud Win The Seventh Circuit just handed the CFTC a major victory, upholding a district court ruling against crypto trader James A. Donelson for fraudulently pocketing over $1.3 million from victims via a sham Bitcoin investment scheme. Donelson appealed, claiming Bitcoin isn’t a “commodity” under CFTC jurisdiction, but the…
Coinbase Crushes SEC in Landmark Crypto Listing Win Coinbase just handed the SEC a stinging defeat in federal court, overturning an agency order that tried to block the exchange from listing crypto tokens without prior approval. The Third Circuit ruled the SEC overreached its authority, freeing Coinbase to expand offerings and signaling a major check…
Bitfarms Stock Pumps as It Dumps Bitcoin Mining for AI With Name Change, Move to US Bitfarms has signaled a major shift in strategy, moving away from its roots in Bitcoin mining to focus on artificial intelligence infrastructure. The company’s shares rose on the news as it outlined plans that include a corporate name change…
UK Teens Jailed After $4.3M Wrench Attack Robbery Caught on Police Video Two teenagers in the UK have been jailed after a violent “wrench attack” robbery in which $4.3 million worth of crypto-related assets were taken, according to police video footage cited in the case. The attack falls into a category of crime that has…
Crypto’s eligibility for 401(k) retirement funds faces scrutiny after $2 trillion market wipeout Cryptocurrency’s place inside 401(k) retirement plans is coming under renewed pressure after a sharp market rout erased roughly $2 trillion in value across the sector. The scale of the drawdown has intensified concerns about whether crypto’s volatility is compatible with retirement accounts…
Bitfarms shares surge after it ditches its “bitcoin company” identity and doubles down on AI with U.S. move Bitfarms’ shares jumped after the company signaled a strategic shift away from presenting itself primarily as a bitcoin-focused business, highlighting a renewed emphasis on artificial intelligence infrastructure tied to a move in the United States. The change…
SEC Crushes Bilzerian’s Crypto Dreams in Decade-Old Injunction Clash The SEC just slammed the door on Paul Bilzerian’s latest bid to dive back into crypto deals, enforcing a 2001 court injunction that bars the convicted stock fraudster from future securities plays. In a D.C. federal ruling, Judge Royce Lamberth upheld the permanent ban, rejecting Bilzerian’s…
NY Slip Case Dismissed: Stairway Fall Suit Crumbles on Summary Judgment New York appeals court upholds dismissal of a personal injury lawsuit against building owners after a tenant slipped on an exterior stairway, ruling defendants proved no negligence as a matter of law. This unanimous affirmance reinforces strict standards for summary judgment in premises liability…
XRP price rockets 18%, staging wildest recovery among major tokens XRP posted an 18% jump, marking the strongest rebound among major cryptocurrencies over the same window. The move stood out in a market where large-cap tokens often trade in tighter ranges and tend to recover in tandem rather than diverge sharply. Without additional details on…
Texas Court Slaps Down Envy Blockchain’s SEC Evasion Bid Texas’ Eighth Court of Appeals in El Paso just denied Envy Blockchain Inc., NV Landco 1 LLC, and exec Stephen Decani’s desperate mandamus petition, blocking their ploy to dodge a lower court’s order in a brewing SEC showdown. This ruling keeps the heat on crypto players…
Kalshi Wins: CFTC Blocked from Banning Election Betting Markets The D.C. Circuit Court of Appeals slammed the brakes on the CFTC’s attempt to outlaw Kalshi’s event contracts on election outcomes, denying the agency’s emergency stay in a swift October 2 ruling. This keeps Kalshi’s platform live, letting traders bet on congressional control amid the 2024…
SEC Crushed: Court Slaps Down Overreach on Kraft’s Food Swaps. In a stinging rebuke to federal regulators, the Seventh Circuit Court of Appeals denied the Commodity Futures Trading Commission’s (CFTC) petition for a writ of mandamus against Kraft Foods Group and Mondelēz Global, ruling that physical commodity swaps between food giants don’t fall under CFTC…
NY Appellate Court Slams Door on Crypto Class Action Dreams In a swift smackdown, New York’s Appellate Division, First Department, denied leave to appeal in case 140 AD3d 451, torpedoing a potential class action that could have rattled crypto exchanges. This procedural kill shot reinforces barriers to mass lawsuits against digital asset platforms, signaling to…
CFTC Powers Shredded: Trusts Win Big on Fraud Claims The Seventh Circuit just gutted the CFTC’s reach into private trusts, ruling it can’t pursue fraud claims against family investment vehicles without a clear “commodity” hook. This Conway Family Trust victory slams the brakes on aggressive CFTC overreach, handing crypto traders and DeFi builders a rare…
Bitcoin Crashes Below $67K, Erasing All Gains Since Trump’s Election Win Bitcoin fell sharply, dropping below $67,000 and wiping out the market’s gains since Donald Trump’s election victory. The move marked a notable reversal in sentiment, taking the price back to levels last seen before the post-election advance. The decline matters because it resets the…
SEC Slaps Down: Ripple Ruling Ripped Apart on Appeal The Fifth Circuit just torched a lower court’s slap on the wrist for Ripple Labs, vacating a $125 million penalty for XRP sales and sending the case back for a full reckoning on unregistered securities violations. This reversal shreds the partial win Ripple claimed in 2023,…
SEC Crushes Crypto Trader in Precious Metals Futures Bust A New York appeals court slammed commodities broker Regal Commodities with a reversal in its fight against fired trader Aaron Tauber, upholding his right to sue over unpaid commissions on massive precious metals trades. This ruling exposes brokers to bigger payout liabilities just as crypto markets…
SEC Smacks Down in Coinbase Ruling: Courts Reject “Crypto = Securities” Overreach The Fifth Circuit just torched the SEC’s aggressive push to label Coinbase’s crypto trading and staking services as unregistered securities offerings, vacating key parts of a lower court injunction in a blockbuster win for the exchange giant. This decision slashes the SEC’s unchecked…
SEC Panel Backs Centralization of Crypto Cases in Chicago Court A federal judicial panel led by Chair Sarah S. Vance has greenlit Anthony Motto’s push to consolidate three crypto-related lawsuits into the Northern District of Illinois, pulling in actions from California and Pennsylvania. This move streamlines battles over digital assets, signaling courts’ drive to unify…
### CFTC Victorious: Kraft Forced to Hand Over Commodity Data The Seventh Circuit Court of Appeals just slammed the door on Kraft Foods and Mondelēz’s stalling tactics, granting the CFTC’s mandamus petition in a rare procedural smackdown. This ruling compels the food giants to cough up massive datasets on wheat derivatives trades, marking a big…
