NY Slip Op 2024, Supreme Court, Appellate Division, First Department, affirmed dismissal of a personal injury lawsuit against building owners after a tenant slipped on an exterior stairway. The lower court’s summary judgment for defendants holds firm, closing the case without costs or appeals dragging on. This routine win for property owners underscores New York’s…
SEC Drops Futuristic Grip on Food Giant Trades The Seventh Circuit Court of Appeals just slapped down the CFTC’s aggressive push to micromanage Kraft Foods’ internal currency hedging, denying the agency’s mandamus petition in a ruling that echoes across commodities and crypto markets. This decision reins in overreaching regulators, signaling that even vanilla corporate risk…
NY Court Slaps Down Crypto Case Appeal. In a swift blow to hopeful litigants, New York’s Appellate Division, First Department ruled in case 140 AD3d 451 to deny an appeal, upholding a lower court’s decision without elaboration. This terse rejection signals courts’ impatience with drawn-out crypto disputes, potentially chilling minor challenges against exchanges or DeFi…
SEC’s ‘Crypto Mom’ Peirce Warns: Tokenized Assets Remain Securities SEC Commissioner Hester Peirce, known as “Crypto Mom,” just dropped a reality check: tokenized securities are still securities under U.S. law, no matter the blockchain hype. Echoing ex-chair Gary Gensler’s stance, she urged market players to chat with the SEC before diving in. This cuts through…
Kalshi Wins CFTC Blockbuster: Event Contracts Cleared for Crypto Takeoff The D.C. Circuit Court just slammed the brakes on the CFTC’s ban against KalshiEX’s election betting contracts, denying the agency’s emergency stay in a swift October 2 ruling. This isn’t just about political wagers—it’s a direct hit to how regulators police prediction markets, opening doors…
XRP Eyes New Highs as Ripple Joins US Senate Web3 Summit Ripple is stepping into the spotlight at next week’s “From Wall Street to Web3” summit hosted by the US Senate, sparking fresh buzz around XRP’s price charts. Technical indicators are flashing bullish signals for new all-time highs, with traders betting the event could catalyze…
CFTC Slaps Down Trust’s Bid to Dodge Oversight. The Seventh Circuit just crushed a family trust’s attempt to shield itself from Commodity Futures Trading Commission (CFTC) rules, upholding fines for trading violations in a ruling that bolsters federal watchdogs over commodity deals. This decision reinforces the CFTC’s grip on futures and swaps, sending a clear…
Gemini Shares Rise After Hours as Investors Back Shift Beyond Crypto Trading Shares of Gemini rose in after-hours trading as investors responded positively to signs the company is pushing beyond its core crypto trading business. The move suggests markets are rewarding efforts to diversify revenue sources at a time when crypto exchanges face uneven trading…
Chinese Creditor Slams FTX’s Bid to Block Payouts in Restricted Nations A Chinese creditor has fired back at FTX’s latest court motion to halt repayments to users in China and other restricted countries, escalating the bankrupt exchange’s drawn-out recovery drama. This clash highlights the tension between global user rights and regulatory roadblocks, potentially delaying billions…
SEC Slapped Down: Fifth Circuit Tosses Coinbase SEC Case In a seismic blow to the SEC’s crypto crackdown, the Fifth Circuit Court of Appeals vacated key parts of a district court ruling against Coinbase, remanding the case with instructions to dismiss the agency’s claims that certain crypto assets are unregistered securities. This April 17, 2025,…
SEC Crushed: Crypto Not a Commodity in NY Court Clash New York’s Appellate Division just gutted a crypto trader’s bid to dodge debts by claiming his digital assets were “commodities” under state law, ruling Regal Commodities wins big against Aaron Tauber. This smackdown clarifies that cryptocurrencies don’t automatically qualify as commodities in New York, slamming…
SEC Crushed: Coinbase Win Slashes Crypto Enforcement Power In a stinging rebuke to Gary Gensler’s SEC, the Fifth Circuit Court of Appeals ruled on November 26 that the agency overreached by demanding Coinbase turn over all customer data without proving specific violations, vacating broad summonses in a high-stakes enforcement clash. This decision guts the SEC’s…
Trump Jr. Backs Thumzup: Social Media Firm Pivots to Bitcoin Treasury Donald Trump Jr. has invested in Thumzup Media Corporation, a social media marketing platform that’s boldly shifting into a Bitcoin treasury play. This move signals growing elite interest in BTC as a corporate reserve asset, potentially sparking a wave of similar adoptions amid rising…
SEC Panel Eyes Crypto Class Action Centralization in Illinois A judicial panel led by Chair Sarah S. Vance is weighing a push to consolidate three crypto-related lawsuits into Chicago’s Northern District of Illinois, sparked by plaintiff Anthony Motto’s motion in the Greene case. This move could streamline battles over digital asset claims, signaling faster resolution…
Bitcoin Blasts Past $112K All-Time High, Crushing Short Sellers Bitcoin has surged to a staggering new all-time high above $112,000, igniting euphoria across crypto markets. Short sellers got obliterated in the rally, with massive liquidations fueling even more upside. This breakout signals roaring investor confidence amid global economic shifts. The spark? A perfect storm of…
SEC Loses Grip: Court Slaps Down Overreach on Food Giant Tokens The Seventh Circuit just denied the CFTC’s desperate bid for mandamus against Kraft Foods and Mondelēz, refusing to force a lower court to unwind a settlement in a bizarre crypto-trespass case. This ruling reins in agency bullying, signaling courts won’t let regulators rewrite rules…
Canadian Regulator Revokes Registrations of 23 Crypto Firms A Canadian financial regulator has revoked the registrations of 23 crypto firms, removing their ability to operate under the regulator’s registration framework. The move signals a coordinated enforcement step aimed at tightening compliance in Canada’s crypto market. Registration is generally used to ensure firms meet baseline requirements…
Chinese Creditor Fights FTX’s Plan to Block Payouts in Restricted Nations A Chinese creditor has fired back at FTX’s latest bankruptcy maneuver, challenging the exchange’s motion to halt repayments to users in “restricted” countries like China. This clash threatens to delay the already drawn-out distribution of over $16 billion in recovered assets. For investors still…
CFTC Nails Monex in $12M Forex Fraud Win The Ninth Circuit just handed the CFTC a major victory, upholding a $12 million penalty against Monex for illegally peddling forex trading to retail suckers without registering as required. This isn’t just a slap on the wrist—it’s a blueprint for regulators to crack down on unregistered derivatives…
CFTC Nails Crypto Trader in Landmark Fraud Win The Ninth Circuit just upheld a district court smackdown against James Devlin Crombie, a crypto trader accused of defrauding customers out of millions through a Ponzi-like scheme involving Bitcoin investments. This ruling hands the CFTC a major victory, affirming its muscle to police crypto fraud as commodities…
