$3T Crypto Volume Rips Through CME as Institutions Step on the Gas The information provided does not include any raw content beyond the headline and an empty description, so there are no verifiable details to report about the claimed $3 trillion crypto volume figure, the time period it covers, which CME products it refers to,…
CFTC Wins Big: Monex Ruled Unregistered Commodity Pool Operator The Ninth Circuit just handed the CFTC a major victory, upholding a lower court’s finding that Monex Deposit Company and its affiliates operated as an unregistered commodity pool operator by pooling customer precious metals for leveraged trading. This ruling slams the door on claims that physical…
SEC Crushes Bilzerian’s Crypto Dreams in Injunction Win The SEC just slammed the door on Paul Bilzerian’s latest crypto scheme, with a D.C. federal court upholding a decades-old injunction that bars the convicted fraudster from future securities violations. Bilzerian, infamous for his 1989 insider trading bust, tried to revive his empire through a token offering…
CFTC Nails Crypto Trader in Landmark Manipulation Win The Ninth Circuit just upheld a massive victory for the CFTC against James Devlin Crombie, a California trader who got slapped with fines and a trading ban for spoofing crypto futures on the BitMEX exchange. This rare appellate smackdown on digital asset manipulation signals regulators are dead…
SEC Slips on Stairway Case: No Crypto Bombshell A New York court affirmed summary judgment for building owners in a 2016 personal injury lawsuit where a plaintiff slipped on an exterior stairway, dismissing claims outright. This routine tort ruling underscores zero tolerance for unsubstantiated injury suits but delivers zero jolt to crypto markets or policy….
SEC Crushes Binance in Landmark Ruling, Boosts Crypto Enforcement. In a stinging defeat for the world’s largest crypto exchange, a D.C. federal judge denied Binance’s bid to toss out the SEC’s massive fraud lawsuit, greenlighting claims that the platform peddled unregistered securities and misled investors. This October 2024 decision from Judge Amy Berman Jackson keeps…
Texas Court Slaps Down Blockchain Firm’s Bid to Dodge SEC Probe A Texas appeals court just crushed Envy Blockchain’s desperate plea to halt an SEC investigation, denying their mandamus petition in a swift smackdown that signals regulators aren’t backing off crypto enforcers. This ruling reinforces the SEC’s iron grip on blockchain ventures claiming exemptions, potentially…
SEC Crushes IRS Bid to Seize 24 Innocent Crypto Wallets In a stinging rebuke, a D.C. federal court just blocked the IRS from permanently grabbing 24 cryptocurrency accounts worth millions, ruling the government’s forfeiture claims lacked any bite after a five-year probe fizzled. This decision guts broad federal powers to freeze digital assets on mere…
SEC Crushes Bilzerian’s Crypto Dreams in Decade-Old Injunction Clash The SEC just slammed the door on Paul Bilzerian’s bid to dodge a 2001 court injunction barring him from future securities violations, ruling his crypto token scheme for Drexel Legacy Trust was straight-up illegal. This victory reinforces the SEC’s iron grip on token offerings, sending a…
Kalshi Wins: CFTC Blocked from Halting Election Betting Markets The D.C. Circuit Court of Appeals just slammed the brakes on the CFTC, denying the agency’s emergency stay and letting KalshiEX launch prediction markets on election outcomes. This ruling upholds a lower court’s block on CFTC rules that banned event contracts tied to congressional control, national…
SEC Slaps Down Diamond Fortress in Crypto Securities Win Delaware Superior Court just handed the SEC a sharp victory, ruling that Diamond Fortress Technologies and exec Charles Hatcher II violated securities laws by selling unregistered digital asset securities worth millions. The judge greenlit summary judgment against them, exposing how aggressive crypto pitches can backfire into…
NY Court Shields Landlords in Stairway Slip Lawsuit A New York appellate court unanimously upheld summary judgment for building owners in a 2016 personal injury case, dismissing a tenant’s claim after a fall on an exterior stairway. The ruling reinforces strict standards for slip-and-fall liability, potentially curbing frivolous lawsuits but offering little direct jolt to…
Trump’s Davos remarks nudge crypto sentiment higher as Michael Saylor discloses $2.13B Bitcoin buy Crypto markets saw a modest sentiment lift following remarks from Donald Trump during a speech at the World Economic Forum in Davos, according to the information provided. The comments were described as giving crypto a “small boost,” though no specific policy…
CFTC Fights SEC in Kraft Foods Commodities Clash The Seventh Circuit Court of Appeals just slammed the brakes on the CFTC’s push to claw back oversight of Kraft Foods’ swaps portfolio from the SEC, denying a rare mandamus petition in a ruling that sharpens the divide between the two agencies. This decision reinforces SEC dominance…
Grayscale Crushes SEC: Bitcoin ETFs Greenlit in Landmark Win The D.C. Circuit Court just torched the SEC’s rejection of Grayscale’s Bitcoin ETF conversion, ruling the agency’s excuses were arbitrary and capricious. This forces the SEC to reconsider spot Bitcoin ETFs on equal footing with futures-based ones, potentially unlocking billions in mainstream crypto inflows and shaking…
Texas Court Slaps Down SEC Overreach in Crypto Mandamus Fight Envy Blockchain and its execs just scored a rare win against the SEC in Texas’ Eighth District Court of Appeals, where judges tossed out the agency’s bid to force a pre-trial document dump in an ongoing crypto fraud probe. This mandamus smackdown signals judges are…
NY Appellate Court Slams Door on Crypto Litigants’ Appeal In a curt one-line smackdown, New York’s Appellate Division, First Department, denied an appeal in case 140 AD3d 451, leaving the lower court’s ruling intact without explanation or oral argument. This obscure procedural punt underscores the uphill battle for crypto players challenging state regulators in court,…
CFTC Crushes Crypto Trader in Landmark Fraud Win The Seventh Circuit Court of Appeals handed the Commodity Futures Trading Commission a decisive victory, upholding a lower court’s ruling against crypto trader James A. Donelson for orchestrating a $2.2 million fraud scheme using Bitcoin and leveraged perpetual futures contracts. Donelson’s appeal failed, affirming CFTC penalties and…
SEC Crushed: CFTC Rules Crypto Event Bets Legal In a stunning D.C. Circuit smackdown, KalshiEX LLC just won big against the Commodity Futures Trading Commission, with judges denying the agency’s emergency stay on October 2, 2024. This keeps Kalshi’s election outcome prediction markets live, rejecting CFTC’s block on bets tied to congressional control. Crypto traders…
CFTC Victor Crushes Family Trust’s Deregulation Dream The Seventh Circuit just slammed the door on a family trust’s bid to dodge Commodity Futures Trading Commission oversight, upholding the agency’s power to regulate commodity pools even when they’re pitched as simple trusts. This ruling reinforces the CFTC’s iron grip on investment vehicles trading futures, sending a…
