JUDGES PUSH BACK ON CRYPTO MULTIDISTRICT LAWSUIT BID Three separate class actions against a major crypto exchange will remain scattered across three federal districts after the Judicial Panel on Multidistrict Litigation denied a motion to bundle them into a single proceeding. The ruling keeps alive the possibility of conflicting rulings on whether the exchange’s tokens…
COURT SLAPS SEC FOR OVERREACH ON DIGITAL ASSETS The Fifth Circuit just punched a hole in the SEC’s enforcement playbook, ruling that the agency cannot treat every digital token as a security without proving investors expected profits from the issuer’s ongoing efforts. The decision hands crypto exchanges, DeFi protocols, and token projects a new legal…
COURT SLAMS CFTC IN MONEX RULING, SHAKES COMMODITY ENFORCEMENT PLAYBOOK The Ninth Circuit just handed the CFTC its biggest enforcement loss in years, ruling that Monex’s leveraged metals contracts were not “retail commodity transactions” under the CEA. The decision guts the agency’s authority to police off-exchange retail leverage products and signals that crypto firms structured…
Trump expected to attend White House meeting with crypto CEOs, sources say Donald Trump is expected to attend a White House meeting with cryptocurrency industry CEOs, according to sources familiar with the matter. No further details were provided in the information available, including which executives are expected to participate, what topics are on the agenda,…
COURT HANDS KITCHEN WIN OVER CFTC IN D.C. CIRCUIT The D.C. Circuit just reversed the CFTC’s penalty against Trevor Kitchen, ruling that the agency overstepped when it tried to punish him for trading crypto derivatives on an offshore platform. The decision matters because it chips away at the CFTC’s ability to reach foreign-based trading activity…
CFTC WINS—COURT SAYS CROMBIE’S BITCOIN SCHEME WAS A FUTURES FRAUD The Ninth Circuit just handed the Commodity Futures Trading Commission a decisive win, ruling that a Bitcoin mining investment scheme was a fraudulent “commodity futures” offering—even though no futures contracts were ever written. The decision matters because it expands the CFTC’s reach over crypto products…
IRS SEIZES CRYPTO WALLETS IN FIRST-OF-ITS-KIND RULING The D.C. federal court just signed off on the government’s first mass seizure of cryptocurrency accounts held in foreign exchanges. Twenty-four digital wallets containing an estimated $2 million in Bitcoin and other tokens were forfeited to the U.S. without any live defendants contesting the move. The ruling quietly…
SEC Wins Key Ruling, Binance Case Heads to Trial The U.S. District Court for the District of Columbia just handed the SEC a major procedural victory in its sprawling lawsuit against Binance Holdings and founder Changpeng Zhao. Judge Amy Berman Jackson refused to dismiss the core charges, ruling that the agency’s allegations—centered on unregistered securities…
Delaware Court Deals Blow to Crypto Startup, Exposes Token Sale Risks Diamond Fortress Technologies and its founder just lost a major Delaware lawsuit that could ripple through how courts treat token sales and crypto contracts. The ruling highlights the legal dangers of raising funds through tokens without ironclad paperwork, and signals that judges are willing…
Wintermute Says Institutions Drove 72% Of Its Spot OTC Volume In H1 2026 Wintermute said institutional counterparties accounted for 72% of its spot over-the-counter (OTC) trading volume in the first half of 2026, highlighting the extent to which large, professional firms are shaping activity in private crypto markets. The disclosure points to a continued role…
Court Slaps SEC Over Bitcoin ETF Denial Grayscale Investments just won a stunning reversal against the SEC, forcing the agency to revisit its refusal to convert the world’s largest Bitcoin trust into an exchange-traded fund. The D.C. Circuit ruled that the Commission failed to explain why it approved similar Bitcoin futures products while rejecting spot…
CFTC WINS KEY RULING ON DONELSON’S POOLED FUNDS The Commodity Futures Trading Commission just scored a decisive appellate victory that strengthens its hand against unregistered crypto fund managers. The Seventh Circuit upheld sanctions against James Donelson for running an unregistered commodity pool that traded digital-asset futures. The decision signals that courts will treat pooled crypto…
COINBASE SLAMS SEC DOOR IN THIRD CIRCUIT, BUT CASE NOT OVER The Third Circuit just told the SEC it cannot dodge Coinbase’s petition to challenge the agency’s refusal to write clear crypto rules. In a single-sentence order, the court denied the Commission’s motion to dismiss the petition, keeping alive a direct attack on how the…
Crypto opens 2026 with early strength as Venezuela becomes a market focus and TGE reactions turn more measured Crypto markets began 2026 on a firmer footing, with attention turning to developments involving Venezuela and a noticeable shift in how traders and communities are reacting to new token generation events (TGEs). The move into the new…
Twitch Turns On Amazon AI Training by Default: “Nobody Would Opt In” Twitch has enabled Amazon AI training by default for users, according to the information provided, framing the change around the idea that “nobody would opt in” if the setting were optional. The move matters because it shifts the burden from user consent to…
SEC Shelves Crypto Rule Meeting Days After Senate Punted Clarity Act The U.S. Securities and Exchange Commission has shelved a planned meeting related to a crypto rule, just days after the Senate declined to advance the “Clarity Act,” legislation aimed at defining how digital assets should be regulated. The developments underscore how federal crypto policy…
Luke Dashjr Removed As BIP Editor After BIP-110 Controversy The prompt provided only a headline and does not include the “raw content” or any factual description of the events. Without those details, it isn’t possible to write a news story that accurately explains what happened, why it matters, and the broader context while staying strictly…
Kalshi Beats CFTC in Federal Appeals Court The D.C. Circuit just handed prediction-market platform Kalshi a decisive win over the Commodity Futures Trading Commission, refusing the agency’s emergency bid to halt trading in election contracts. The ruling keeps Kalshi’s high-stakes political markets live and sends a clear signal that regulators cannot simply wave away exchange-listed…
JUDGE ORDERS BLOCKCHAIN FIRM TO TURN OVER RECORDS A Texas appellate court has ordered a blockchain company to comply with discovery demands in an ongoing civil dispute, rejecting its claim that the requests were overly broad and unduly burdensome. The ruling matters because it signals that courts will treat crypto businesses like any other commercial…
Wintermute Says Institutions Drove 72% Of Its Spot OTC Volume In H1 2026 Crypto market maker Wintermute said institutional clients accounted for 72% of its spot over-the-counter (OTC) trading volume in the first half of 2026. The update points to continued institutional participation in crypto spot markets through venues and workflows that sit outside public…
