CFTC Crushes Crypto Trader in Landmark Fraud Win The Ninth Circuit just handed the CFTC a decisive victory, upholding a lower court’s ruling against James Devlin Crombie for commodities fraud tied to Bitcoin trading. Crombie’s appeal failed, affirming a permanent trading ban, disgorgement of ill-gotten gains, and civil penalties—signaling regulators can chase crypto fraud under…
SEC Crushes IRS Bid to Freeze Crypto Wallets in Tax Probe A federal judge in D.C. just slammed the door on the IRS’s attempt to seize 24 cryptocurrency accounts without a proper warrant, ruling the government’s vague claims of money laundering don’t cut it. This rare judicial smackdown against federal overreach signals a big win…
SEC Crushes Binance in Landmark Ruling, Boosting Crypto Regulation. The U.S. District Court for the District of Columbia handed the SEC a major win against Binance, denying the exchange giant’s motion to dismiss a sweeping fraud lawsuit filed in June 2023. This decision keeps alive allegations of unregistered securities sales, misleading investors, and bypassing U.S….
SEC Slaps Down Diamond Fortress in Delaware Court Clash Over Unregistered Securities Delaware Superior Court ruled against Diamond Fortress Technologies and executive Charles Hatcher II, finding their diamond-backed digital asset sales constituted unregistered securities under state law. The decision enforces Blue Sky laws, hitting the crypto firm with liability for failing to register offerings that…
Tether Targets Cross-Border Payments With t-0 Network Investment The information provided only includes a headline: Tether Targets Cross-Border Payments With t-0 Network Investment. No additional raw details were included about the size of the investment, the timing, the companies involved beyond their names, or any statements explaining the goals and structure of the deal. Without…
Grayscale Crushes SEC: Bitcoin ETF Path Cleared The D.C. Circuit Court just gutted the SEC’s blockade on spot Bitcoin ETFs, ruling the agency’s rejection of Grayscale’s conversion bid was “arbitrary and capricious.” Grayscale Investments, with its blockbuster $8 billion Grayscale Bitcoin Trust (GBTC), petitioned to swap its closed-end fund into a true ETF—only to get…
CFTC Crushes Crypto Trader in Landmark Fraud Win The Seventh Circuit just handed the CFTC a major victory, upholding a district court ruling against crypto trader James A. Donelson for fraudulently pocketing over $1.3 million from victims via a sham Bitcoin investment scheme. Donelson appealed, claiming Bitcoin isn’t a “commodity” under CFTC jurisdiction, but the…
Coinbase Crushes SEC in Landmark Crypto Listing Win Coinbase just handed the SEC a stinging defeat in federal court, overturning an agency order that tried to block the exchange from listing crypto tokens without prior approval. The Third Circuit ruled the SEC overreached its authority, freeing Coinbase to expand offerings and signaling a major check…
Bitfarms Stock Pumps as It Dumps Bitcoin Mining for AI With Name Change, Move to US Bitfarms has signaled a major shift in strategy, moving away from its roots in Bitcoin mining to focus on artificial intelligence infrastructure. The company’s shares rose on the news as it outlined plans that include a corporate name change…
UK Teens Jailed After $4.3M Wrench Attack Robbery Caught on Police Video Two teenagers in the UK have been jailed after a violent “wrench attack” robbery in which $4.3 million worth of crypto-related assets were taken, according to police video footage cited in the case. The attack falls into a category of crime that has…
Crypto’s eligibility for 401(k) retirement funds faces scrutiny after $2 trillion market wipeout Cryptocurrency’s place inside 401(k) retirement plans is coming under renewed pressure after a sharp market rout erased roughly $2 trillion in value across the sector. The scale of the drawdown has intensified concerns about whether crypto’s volatility is compatible with retirement accounts…
Bitfarms shares surge after it ditches its “bitcoin company” identity and doubles down on AI with U.S. move Bitfarms’ shares jumped after the company signaled a strategic shift away from presenting itself primarily as a bitcoin-focused business, highlighting a renewed emphasis on artificial intelligence infrastructure tied to a move in the United States. The change…
SEC Crushes Bilzerian’s Crypto Dreams in Decade-Old Injunction Clash The SEC just slammed the door on Paul Bilzerian’s latest bid to dive back into crypto deals, enforcing a 2001 court injunction that bars the convicted stock fraudster from future securities plays. In a D.C. federal ruling, Judge Royce Lamberth upheld the permanent ban, rejecting Bilzerian’s…
NY Slip Case Dismissed: Stairway Fall Suit Crumbles on Summary Judgment New York appeals court upholds dismissal of a personal injury lawsuit against building owners after a tenant slipped on an exterior stairway, ruling defendants proved no negligence as a matter of law. This unanimous affirmance reinforces strict standards for summary judgment in premises liability…
XRP price rockets 18%, staging wildest recovery among major tokens XRP posted an 18% jump, marking the strongest rebound among major cryptocurrencies over the same window. The move stood out in a market where large-cap tokens often trade in tighter ranges and tend to recover in tandem rather than diverge sharply. Without additional details on…
Texas Court Slaps Down Envy Blockchain’s SEC Evasion Bid Texas’ Eighth Court of Appeals in El Paso just denied Envy Blockchain Inc., NV Landco 1 LLC, and exec Stephen Decani’s desperate mandamus petition, blocking their ploy to dodge a lower court’s order in a brewing SEC showdown. This ruling keeps the heat on crypto players…
Kalshi Wins: CFTC Blocked from Banning Election Betting Markets The D.C. Circuit Court of Appeals slammed the brakes on the CFTC’s attempt to outlaw Kalshi’s event contracts on election outcomes, denying the agency’s emergency stay in a swift October 2 ruling. This keeps Kalshi’s platform live, letting traders bet on congressional control amid the 2024…
SEC Crushed: Court Slaps Down Overreach on Kraft’s Food Swaps. In a stinging rebuke to federal regulators, the Seventh Circuit Court of Appeals denied the Commodity Futures Trading Commission’s (CFTC) petition for a writ of mandamus against Kraft Foods Group and Mondelēz Global, ruling that physical commodity swaps between food giants don’t fall under CFTC…
NY Appellate Court Slams Door on Crypto Class Action Dreams In a swift smackdown, New York’s Appellate Division, First Department, denied leave to appeal in case 140 AD3d 451, torpedoing a potential class action that could have rattled crypto exchanges. This procedural kill shot reinforces barriers to mass lawsuits against digital asset platforms, signaling to…
CFTC Powers Shredded: Trusts Win Big on Fraud Claims The Seventh Circuit just gutted the CFTC’s reach into private trusts, ruling it can’t pursue fraud claims against family investment vehicles without a clear “commodity” hook. This Conway Family Trust victory slams the brakes on aggressive CFTC overreach, handing crypto traders and DeFi builders a rare…
