COURT SLAPS CFTC FOR OVERREACH IN CONWAY TRUST CASE The Seventh Circuit has reversed a CFTC order that punished a family trust for trading futures without registration, ruling the agency exceeded its statutory reach. The decision limits the CFTC’s ability to regulate passive investors and signals courts will scrutinize how far the agency can stretch…
Uphold Adds XRP and Bitcoin Inheritance Services, Citing $331 Billion in Stranded Assets Uphold has announced the addition of XRP and a Bitcoin inheritance offering, highlighting what it describes as $331 billion in stranded cryptocurrency. The move links access to digital assets with estate planning, an issue that has become increasingly important as more people…
Fifth Circuit Slaps SEC Over Crypto Classification Power The Fifth Circuit just told the SEC it cannot unilaterally label digital assets as securities without proving they meet the Howey test on their own terms. The ruling lands in the middle of a wave of enforcement actions and forces regulators to show their homework before freezing…
Court Slaps Down Trader’s Bid to Dodge Commodity Rules In a ruling that could ripple through New York’s futures desks, an appellate panel refused to let trader Michael Tauber wriggle out of a judgment by claiming his trading accounts were somehow exempt from state commodity laws. The decision tightens the noose around the argument that…
Saylor Says Strategy, Strive Can Win Share of $318.5T With Bitcoin Michael Saylor said Strategy and Strive can capture a share of a market valued at $318.5 trillion through Bitcoin, according to the information provided. The statement frames Bitcoin as an opportunity for both companies to participate in a much larger pool of global value….
CFTC Loses Bid to Hide Kraft Subpoena Battle The Seventh Circuit refused to let the CFTC keep its enforcement subpoena against Kraft Foods under wraps, ordering the agency to defend its demands in open court. The decision strips the Commission of its preferred cloak of secrecy and hands traders a new window into how regulators…
SEC RULING UPHELD: FIFTH CIRCUIT BATS DOWN CRYPTO APPEAL The Fifth Circuit just told crypto a hard truth: federal securities law still applies to digital assets. In a terse November 26 order, the court denied an appeal in Case 23-50669, leaving the lower court’s judgment intact and keeping the SEC’s enforcement powers over unregistered token…
Court Panel Denies Crypto Lawsuit Consolidation Bid A federal judicial panel has rejected an attempt to fold three separate crypto-related lawsuits into one centralized proceeding, leaving the cases to proceed independently in Illinois, California, and Pennsylvania. The decision preserves distinct legal fronts that could produce conflicting rulings on how digital assets are classified and whether…
Bitcoin Hovers at $84K as Treasury Yields Hold Near Multi-Year Highs Bitcoin is holding near $84,000 as U.S. Treasury yields remain close to multi-year highs, placing attention on the broader financial backdrop surrounding digital assets. Higher Treasury yields can influence how investors assess risk across markets by offering relatively attractive returns in government bonds. With…
Court Hands CFTC Rare Win Over Monex in Ninth Circuit The Ninth Circuit ruled that the Commodity Futures Trading Commission can pursue fraud charges against Monex Credit Company even without proving actual delivery of precious metals, expanding the agency’s reach over leveraged retail transactions that many in the industry had long considered off-limits. The decision…
Crypto slides amid Trump tariff volatility as NYSE explores tokenized trading Major cryptocurrencies traded lower after renewed market uncertainty tied to Donald Trump’s tariff announcements, with broad weakness also spilling into meme coins and onchain tokens. Bitcoin fell 2% to $91,100, while Ethereum dropped 4% to $3,105. Solana was down 3% at $129 and XRP…
COURT SLAMS CFTC ON KITCHEN APPEAL — CRYPTO GETS A WIN The D.C. Circuit just handed crypto traders a rare procedural victory, reversing a CFTC order that had barred Trevor Kitchen from futures markets for three years. Judges ruled the agency overstepped by treating Kitchen’s DeFi-linked token trades as regulated commodity futures without proving the…
Bitwise Launches First U.S. Spot NEAR ETF After Token Nearly Triples Since August Bitwise has launched the first U.S. spot exchange-traded fund (ETF) focused on NEAR, giving investors access to the token through a regulated market product. The launch comes after NEAR nearly tripled in value since August, placing the token among the digital assets…
Court Hands CFTC Full Reins Over Binary Options The Ninth Circuit just ruled that the Commodity Futures Trading Commission can sue a California man for running an unregistered binary-options platform. The decision hands the agency broad authority to police any product that looks like a futures contract, even if the underlying asset is forex or…
Court Declares Crypto Wallets Fair Game in IRS Dragnet The United States District Court for the District of Columbia just green-lit the IRS’s seizure of twenty-four cryptocurrency accounts tied to suspected tax evasion, giving the government sweeping new reach into digital wallets. The ruling matters because it signals that crypto is no longer a tax…
COURT SLAMS BRAKES ON SEC’S BINANCE CRUSADE The D.C. District Court just handed the SEC a stinging procedural loss, refusing to let the agency steamroll Binance Holdings with a lightning-fast judgment. By declining to rubber-stamp the regulator’s case, Judge Amy Berman Jackson signaled that the crypto exchange’s defenses—and the novel legal questions they raise—deserve a…
Introducing The Information Exchange on Solana, Powered by Decrypt and MYR Decrypt and MYR are introducing The Information Exchange, a new initiative built on the Solana blockchain. The announcement identifies Solana as the platform supporting the project, with Decrypt and MYR serving as its named partners. Further details about the exchange, including its features, availability,…
COURT HANDS DELAWARE TECH FIRM PARTIAL WIN IN TOKEN-ROYALTY DISPUTE Delaware’s Superior Court just ruled that a blockchain-linked software company can pursue contract claims against its former partner, while tossing out most fraud and unjust-enrichment counts. The decision narrows the battlefield in a case that sits at the uneasy intersection of traditional corporate agreements and…
Court Slams SEC for Arbitrarily Blocking Grayscale Bitcoin ETF The D.C. Circuit just handed Grayscale a decisive win and the SEC a stinging rebuke. Judges ruled the agency’s rejection of the spot Bitcoin ETF was “arbitrary and capricious,” forcing the Commission to revisit its refusal. The decision doesn’t green-light the product yet, but it cracks…
Court Slams Donelson—Crypto Promoter’s Appeal Crashes The Seventh Circuit just handed the CFTC a major win, ruling that James Donelson’s crypto investment scheme qualifies as a commodity pool under federal law. The decision extends CFTC oversight into retail crypto sales and slams the door on promoters who claim they’re merely “selling tokens.” The stakes are…
