Fifth Circuit Slams SEC on Crypto Rulemaking, Sends Shockwaves Through Markets The Fifth Circuit just gutted the SEC’s attempt to expand its crypto oversight without public input, ruling that the agency jumped the gun on enforcement actions targeting digital asset platforms. The decision marks a significant check on SEC authority and could reshape how crypto…
Court Orders Consolidation of Three Crypto Cases Three separate lawsuits against the same crypto platform will now move forward as one case in Chicago. The Judicial Panel on Multidistrict Litigation granted Anthony Motto’s motion to centralize the actions, pulling cases from California and Pennsylvania into the Northern District of Illinois. The decision signals that courts…
US Prosecutors Seek $84.2 Million From Bank Tied to Tether US prosecutors are seeking $84.2 million from a bank tied to Tether, the issuer of the USDT stablecoin. The information provided does not specify the bank involved, the legal basis for the claim, or the stage of the proceeding. The case could draw attention because…
CFTC Loses Major Appeal Over Monex Leverage Contracts The Ninth Circuit just handed the CFTC a stinging defeat in its eight-year effort to regulate Monex’s leveraged metals trading as futures. The three-judge panel ruled that Monex’s contracts are not “commodity futures” under the Commodity Exchange Act, shielding the firm from CFTC oversight and forcing the…
Court Hands CFTC Fresh Power Over Crypto Swaps A federal appeals court just gave the CFTC a green light to police crypto-linked swaps, and the implications for every exchange and DeFi protocol are immediate. Trevor Kitchen’s loss in D.C. Circuit means the agency can now treat certain digital-asset contracts as regulated swaps even when the…
Strategy Sets New BTC Holdings Record After $143M Bitcoin Purchase Strategy has increased its Bitcoin holdings after purchasing $143 million worth of BTC, setting a new record for the company’s total holdings. The purchase further expands Strategy’s exposure to Bitcoin and reinforces its position as one of the most prominent corporate holders of the asset….
CFTC Readies Action on Prediction Market Promos, Expected This Week The Commodity Futures Trading Commission (CFTC) is reviewing the bonus and incentive programs used by prediction markets, with an announcement of some kind reportedly expected by the end of the week. The review follows a compliance deadline set by the regulator for exchanges to bring…
JUDGE UPHOLDS CFTC’S SWEEP ON CRYPTO PITCHMAN Crombie loses appeal. The Ninth Circuit just told a California man who sold “bitcoin mining contracts” that the CFTC can regulate his pitch as a futures contract, even when no actual coins ever changed hands. The ruling keeps the agency’s enforcement net wide and signals that anyone promising…
COURT SEIZES 24 WALLETS IN IRS CRYPTO HUNT Federal agents just grabbed twenty-four crypto accounts in one of the first large-scale civil forfeiture actions against digital assets, and the D.C. district court blessed every seizure. The ruling matters because it shows how quickly the government can turn blockchain records into frozen property without ever charging…
SEC Slaps Binance With $4.3 Billion Blow in Landmark Ruling A federal judge in Washington just hammered Binance with a $4.3 billion civil penalty, ending the SEC’s three-year assault on the world’s largest crypto exchange. The decision cements the SEC’s authority over digital-asset platforms and sends an unmistakable warning to every exchange that claims to…
Crypto ETFs Surge as Bitcoin Funds Add $2.95 Billion in 30 Days Bitcoin-focused funds recorded a combined $2.95 billion in inflows over the past 30 days, highlighting strong demand for crypto exchange-traded products. The increase indicates that investors are directing more capital toward regulated funds that provide exposure to Bitcoin without requiring them to hold…
Delaware Court Hands Crypto Firm Rare Win Over SEC Tactics A Delaware judge just refused to let the SEC turn a routine contract fight into a federal securities case, giving Diamond Fortress Technologies and its founder a decisive procedural victory that could reshape how regulators pursue crypto enforcement. The dispute began when Diamond Fortress accused…
Grayscale Beats SEC, Forces Bitcoin ETF Review The D.C. Circuit just handed the SEC its first major loss on Bitcoin spot ETFs, ordering the agency to reconsider its January 2022 rejection of Grayscale’s proposed conversion of the Grayscale Bitcoin Trust into an exchange-traded product. The ruling slams the SEC for treating similar products inconsistently and…
CFTC Wins Big in Seventh Circuit, Donelson’s Appeal Crushed The Seventh Circuit just handed the CFTC a sweeping victory, ruling that James Donelson’s unregistered crypto scheme fell squarely inside the agency’s jurisdiction. The decision slams the door on arguments that digital assets sit outside traditional commodity definitions and signals courts are willing to treat crypto…
Ethereum Gets Another Privacy Boost as Aztec Brings Back zk.money Aztec is bringing back zk.money, giving Ethereum users another option focused on privacy. The move adds to Ethereum’s broader privacy landscape, where zero-knowledge technology is used to help protect transaction details while maintaining compatibility with blockchain-based systems. Further details about the relaunch, including its features…
Court of Appeals Rejects Coinbase’s Bid to Rein In SEC Crypto Rules The Third Circuit just slammed the door on Coinbase’s attempt to force the SEC into court over whether most tokens are securities. In a single-paragraph order issued last week, the three-judge panel dismissed the exchange’s petition for review, ruling that the SEC’s broad…
Tether is a ‘lifeline’ for Iranian regime, Senate Democrats say in new report Democrats in the U.S. Senate have described Tether as a “lifeline” for Iran’s regime in a new report, placing the stablecoin issuer at the center of renewed scrutiny over cryptocurrency and international finance. The report’s characterization highlights concerns about how digital assets…
Cboe, S&P Dow Jones may explore tokenized options contracts under extended licensing deal Cboe Global Markets and S&P Dow Jones Indices have extended a licensing agreement that could allow the firms to explore tokenized options contracts tied to widely used market benchmarks. The updated deal expands how Cboe can use S&P DJI index intellectual property,…
Crypto’s Greatest Mysteries Still Defy a Clear Answer Crypto’s history is packed with missing founders, unexplained deaths, vanished fortunes, and unanswered questions. These cases matter because they expose the industry’s biggest weaknesses: anonymous power, weak oversight, poor documentation, and the risks of trusting people who operate outside traditional financial systems. The mystery list includes the…
Ethereum users get another way to pay privately as zk.money returns after three years zk.money has returned after a three-year absence, giving Ethereum users another option for making private payments. The platform’s comeback adds to the privacy tools available within the Ethereum ecosystem, where transactions are typically recorded on a public blockchain. By returning to…
