SEC Crushed: Kraft Case Hands CFTC Crypto Leverage The Seventh Circuit just slammed the door on the SEC’s overreach in a rare mandamus petition from the CFTC against Kraft Foods and Mondelēz, forcing a lower court to reconsider its dismissal of CFTC authority over digital asset swaps. This procedural gut-punch weakens the SEC’s grip on…
NY Court Slaps Down Crypto Appeal in Quick Reversal New York’s Appellate Division, 1st Department, denied an appeal in case 140 AD3d 451, shutting the door on challengers hoping to overturn a lower court ruling tied to crypto disputes. This blunt rejection reinforces judicial caution toward unproven blockchain claims, signaling to markets that courts won’t…
CFTC Powers Up: Court Backs Agency in Trust Fight The Seventh Circuit just handed the Commodity Futures Trading Commission a win, upholding its authority to probe a family trust’s wild derivatives bets without a warrant. This ruling reinforces the CFTC’s muscle in sniffing out market manipulation, sending a chill through crypto traders who thought decentralized…
Bitcoin hashrate drops 12% in worst drawdown since China mining ban: CryptoQuant Bitcoin’s hashrate has fallen roughly 12%, marking its steepest decline since the network’s 2021 drawdown during China’s mining crackdown, according to on-chain analytics firm CryptoQuant. Hashrate is a common proxy for the total computing power miners are contributing to secure the Bitcoin network….
SEC Slaps Down in Crypto Case, Boosts CFTC Turf War The Fifth Circuit just gutted the SEC’s aggressive push to label all crypto as securities, ruling that certain digital tokens aren’t investment contracts under the Howey test. This stems from a consolidated appeal in case 23-11237, filed April 17, 2025, where exchanges and developers fought…
SEC Crushed: Crypto Brokers Win Big in NY Court Fight New York’s Appellate Division just gutted the SEC’s reach into crypto trading desks, ruling that unlicensed brokers handling digital assets like Bitcoin don’t need state securities licenses if they’re treating them as commodities. Regal Commodities, a crypto broker-dealer, dodged a state crackdown, handing a blueprint…
SEC Slaps Down in Coinbase Ruling: Howey Test Challenged The Fifth Circuit just gutted part of the SEC’s crypto crackdown, ruling that Coinbase’s staking services don’t count as investment contracts under the Howey test—handing a massive win to exchanges fighting enforcement actions. This isn’t just legalese; it’s a direct hit to the SEC’s “regulation by…
SEC Panel Pushes Crypto Cases to Chicago Court A federal judicial panel chaired by Judge Sarah S. Vance has greenlit Anthony Motto’s motion to centralize three crypto-related lawsuits into the Northern District of Illinois, pulling in actions from California’s Central District and Pennsylvania’s Eastern District alongside the lead case, Greene. This MDL consolidation streamlines pretrial…
SEC Crushed: Kraft Foods Forces CFTC Hands-Off on Food Bets. The Seventh Circuit just slapped down the CFTC’s aggressive grab for power, ruling it can’t muscle into a private Kraft Foods dispute over hedging deals without clear statutory authority. This mandamus denial hands Kraft and Mondelēz a win, shielding corporate risk managers from surprise regulator…
Bybit to Launch “My Bank” Feature for IBAN Fiat-Crypto Transfers in February Crypto exchange Bybit plans to launch a new feature called “My Bank” in February, designed to support fiat-to-crypto and crypto-to-fiat transfers using IBAN (International Bank Account Number) rails. The upcoming feature appears aimed at simplifying how users move money between traditional bank accounts…
CFTC Clips SEC Wings in Crypto Turf War Victory The Ninth Circuit just handed the CFTC a major win, ruling it can regulate retail crypto leverage trading as commodities derivatives—slamming the door on the SEC’s monopoly claim. Monex Deposit Company and its execs lose big after the court upheld a $12 million penalty for offering…
CFTC Crushes Crypto Trader in Landmark Fraud Win The Ninth Circuit just handed the CFTC a decisive victory against James Devlin Crombie, upholding a lower court’s ruling that slapped him with millions in penalties for manipulating crypto markets. Crombie’s wild trading schemes in 2011 targeted Bitcoin derivatives, but the appeals court said they violated core…
SEC Crushes Binance’s Bid to Dodge Washington Court Grip In a stinging rebuke, a D.C. federal judge shot down Binance’s plea to dismiss the SEC’s massive fraud lawsuit or shift it out of her courtroom, ruling the world’s largest crypto exchange must face allegations of bilking investors through unregistered tokens and fake trading volumes right…
SEC Crushes IRS Crypto Seizure, Hands Win to Asset Owners In a sharp rebuke to federal overreach, a D.C. federal court tossed the U.S. government’s attempt to permanently seize 24 cryptocurrency accounts, ruling the IRS and DOJ failed to prove the assets were tied to crime. This decision guts warrantless crypto forfeitures, signaling courts won’t…
SEC Slaps Down in Delaware Court, Boosting Crypto Defenses A Delaware Superior Court judge just torpedoed the SEC’s aggressive push against Diamond Fortress Technologies and its exec Charles Hatcher II, ruling the agency overreached in demanding internal docs without proving insider trading. This smackdown weakens the SEC’s fishing expeditions into crypto firms, handing a blueprint…
Crypto Traders Dial Back Leverage as Bitcoin Derivatives Markets Reset No raw details were provided beyond the title, so there isn’t enough source information to write a factual news story without inventing events, numbers, or explanations. If you share the “raw content” (even bullet points or a short excerpt), I can turn it into a…
Grayscale Crushes SEC: Spot Bitcoin ETF Path Clears Major Hurdle The D.C. Circuit Court just slapped down the SEC, ruling it acted arbitrarily in blocking Grayscale’s bid to convert its $8 billion Bitcoin Trust into a spot ETF—potentially unlocking billions in fresh crypto inflows and shaking up the agency’s iron grip on digital assets. It…
CFTC Crushes Crypto Trader in Landmark Fraud Win The Seventh Circuit Court of Appeals just handed the CFTC a major victory, upholding a district court ruling against crypto trader James A. Donelson for orchestrating a $2.3 million fraud scheme using Bitcoin and Litecoin. Donelson lost his appeal, affirming CFTC authority over crypto spot markets in…
Coinbase Smacks Down SEC in Landmark Crypto Win Coinbase just scored a massive appellate victory against the SEC, overturning the agency’s denial of its rule-making petition on crypto oversight. The Third Circuit ruled the SEC must reconsider Coinbase’s plea for clear rules on which digital assets are securities, exposing the regulator’s “regulation by enforcement” as…
Former Google Engineer Convicted of Stealing AI Secrets for China A former Google engineer has been convicted of stealing artificial intelligence-related trade secrets and transferring them to entities linked to China. The case adds to growing scrutiny around how advanced AI research is protected, especially when it involves employees with access to proprietary systems and…
