Grayscale Crushes SEC: Bitcoin ETFs Get Green Light In a seismic win for crypto, the D.C. Circuit Court just gutted the SEC’s blockade on spot Bitcoin ETFs, ruling the agency’s denial of Grayscale’s conversion request was “arbitrary and capricious.” Grayscale Investments, manager of the $8 billion Grayscale Bitcoin Trust (GBTC), petitioned to convert its closed-end…
CFTC Crushes Crypto Trader in Landmark Securities Dodge The Seventh Circuit just slammed the door on James Donelson’s bid to escape CFTC charges, ruling his crypto Ponzi scheme fell squarely under commodities law—not SEC turf. This affirms the CFTC’s muscle over crypto trading schemes, signaling regulators won’t let scammers hide behind blurry security labels. Markets…
Coinbase Smacks Down SEC in Landmark Crypto Win Coinbase just gutted the SEC’s overreach in a Third Circuit smackdown, ruling the agency can’t unilaterally deem crypto listings as securities violations without fair notice. This precedential decision shreds the SEC’s “regulation by enforcement” playbook, handing exchanges a shield against arbitrary crackdowns. Crypto markets surged on the…
Crypto Market Crash ‘Worse Than Expected’ But Bottom Might Be Near, Says Tom Lee The information provided does not include any details beyond the headline, and there is no raw content to substantiate what happened, what Tom Lee said, or the context around his comments. To write a clean, accurate news story without adding or…
Senator Warns of ‘Potentially Criminal Conduct’ Over UAE–World Liberty Financial Deal A U.S. senator has raised concerns about a reported deal involving the United Arab Emirates and World Liberty Financial, warning it could involve “potentially criminal conduct.” The warning signals heightened scrutiny of how cross-border crypto-related arrangements are structured, who benefits from them, and whether…
Crypto Crash: Liquidations Top $2.5 Billion as Bitcoin, Ethereum and XRP Prices Plummet A sharp selloff across major cryptocurrencies triggered a wave of forced liquidations, with total liquidations topping $2.5 billion as Bitcoin, Ethereum and XRP fell steeply. The moves reflected a rapid unwind in leveraged positions. In crypto derivatives markets, traders often use borrowed…
Ethereum Founder Vitalik Buterin Made $70K Betting Against “Crazy Mode” on Polymarket Ethereum co-founder Vitalik Buterin made about $70,000 by taking a position on Polymarket that bet against an outcome described as “Crazy Mode.” The activity surfaced through on-chain and platform-visible betting positions tied to Buterin, highlighting how prominent crypto figures sometimes use on-chain prediction…
SEC Crushes Bilzerian’s Crypto Dreams in Latest Injunction Clash The U.S. District Court for the District of Columbia just slammed the door on Paul Bilzerian, the notorious 1980s stock raider, blocking his latest bid to dive into crypto without SEC oversight. In a sharp memorandum opinion, Judge Royce Lamberth upheld a decades-old injunction, ruling Bilzerian’s…
NY Slip Op 2016: Slip Op 00012 Order, Supreme Court, New York County (Nancy M. Bannon, J.), entered January 6, 2016, which granted defendants’ motion for summary judgment dismissing the complaint, unanimously affirmed, without costs. Defendants established entitlement to judgment as a matter of law, in this action for personal injuries arising out of plaintiff’s
Bitcoin can still fall further. Historical data shows $60,000 will be the bottom Bitcoin may have room to decline further, according to an interpretation of historical market data that points to $60,000 as a potential downside floor. The view is based on comparisons to previous Bitcoin drawdowns, where analysts often look at how far price…
Texas Court Slaps Down Blockchain Firm’s SEC Dodge. In a swift mandamus ruling, the Eighth District Court of Appeals in El Paso, Texas denied Envy Blockchain Inc., NV Landco 1 LLC, and Stephen Decani’s emergency petition to block a lower court from enforcing SEC subpoenas. The trio claimed the agency’s demands for records on their…
CFTC Fails to Block Election Betting on Kalshi Platform The D.C. Circuit Court of Appeals denied the Commodity Futures Trading Commission’s emergency stay on October 2, slamming the door on its bid to halt KalshiEX’s event contracts betting on congressional election outcomes. This keeps Kalshi’s innovative market live, where traders wager on control of the…
SEC Crushed: Court Slaps Down Overreach on Food Giant. In a stunning rebuke to federal regulators, the Seventh Circuit Court of Appeals denied the Commodity Futures Trading Commission’s (CFTC) bid for a writ of mandamus against Kraft Foods Group and Mondelēz Global, halting an aggressive probe into alleged commodities trading violations. This rare judicial smackdown…
NY Court Slaps Down Crypto Case Appeal New York’s Appellate Division, 1st Department, denied an appeal in case 140 AD3d 451, shutting the door on whatever challenge was mounted. This curt rejection signals courts won’t indulge every crypto dispute without ironclad grounds, potentially cooling off speculative litigation that rattles markets. The case hit the docket…
CFTC Victor Crushes Crypto Commodity Bid The Seventh Circuit just slammed the door on a bold challenge to the CFTC’s iron grip over commodity futures, ruling unanimously that the agency can regulate even privately traded swaps without needing a public exchange. This Conway Family Trust loss reinforces federal oversight on derivatives, sending a chill through…
Bed Bath & Beyond Makes Real World Asset Tokenization Move, Acquiring Tokens.com Bed Bath & Beyond has made a move into real world asset (RWA) tokenization through the acquisition of Tokens.com, signaling a notable crossover between a traditional retail name and a crypto-native company focused on token-based digital assets. RWA tokenization refers to the process…
SEC Slaps Down: Fifth Circuit Tosses Coinbase Securities Case In a stinging rebuke to the SEC, the Fifth Circuit Court of Appeals vacated a lower court ruling against Coinbase, remanding the case for dismissal on key claims that XRP and other tokens aren’t securities. This decision guts the SEC’s aggressive push to label crypto trading…
SEC Crushed: Crypto Can’t Hide as Commodity in NY Court Clash In a stinging rebuke to crypto traders dodging SEC oversight, New York’s Appellate Division ruled that Bitcoin and Ether are commodities—not securities—slashing the SEC’s grip on Regal Commodities’ unlicensed trading scheme. Regal, a firm hawking crypto contracts to retail punters without a securities license,…
SEC Slaps Down in Coinbase Win: Private Ripple Ruling Exposed The Fifth Circuit just gutted a key SEC weapon in its war on crypto exchanges, vacating an order that forced Coinbase to hand over customer data without a warrant in a fraud probe. This isn’t just a procedural slap—it’s a seismic shift weakening the SEC’s…
SEC Panel Greenlights Crypto Case Centralization in Chicago A federal judicial panel chaired by Judge Sarah S. Vance has approved consolidating three crypto-related lawsuits into the Northern District of Illinois, following a motion by plaintiff Anthony Motto in the Greene case. This move streamlines battles over alleged unregistered securities tied to digital assets, signaling courts’…
