COURT RIPS TAUBER’S COMMODITY CLAIM, HANDS REGAL A WIN New York’s Appellate Division just gutted a trader’s attempt to pin blame on a commodity brokerage for market losses, ruling that Regal Commodities owed no duty to police Tauber’s trades or hedge his positions. The decision tightens the legal leash around brokers and signals that courts…
CFTC WINS MANDAMUS FIGHT OVER KRAFT DOCUMENTS The Seventh Circuit just handed the CFTC a narrow but important victory, ordering a lower court to release documents that Kraft and Mondelēz tried to keep hidden in the agency’s long-running manipulation case. The decision matters because it signals that regulators can still use federal courts to pry…
COURT WON’T MERGE THREE CRYPTO CASES—FOR NOW Three separate crypto lawsuits dodged consolidation today when a federal panel refused to merge them into one mega-case. The ruling keeps litigation scattered across Illinois, California, and Pennsylvania, meaning different judges, different rules, and more uncertainty for token issuers and exchanges. Anthony Motto, the lead plaintiff in an…
Bitcoin Treasury SPAC Deal Seeks Fresh Terms Adam Back’s Bitcoin Standard Treasury Company and Cantor Equity Partners are renegotiating the terms of their planned 2025 merger after market conditions shifted. The two sides say the original agreement no longer reflects reality, and they want to avoid a forced deal that could leave shareholders holding the…
Court Slaps SEC With Major Setback on Crypto Authority The Fifth Circuit just handed the SEC a stinging loss, ruling that the agency exceeded its statutory authority when it attempted to regulate decentralized crypto networks. The decision could reshape how enforcement actions target exchanges, token issuers, and DeFi protocols for years to come. The lawsuit…
Bitcoin Drops Toward $60K as Macro Pressure Mounts Bitcoin is sliding back toward the $60,000 support zone as a cocktail of macro shocks collides with fresh institutional selling. Oil prices are spiking, Japan’s economic outlook is darkening, and Strategy — the prominent crypto asset manager — has been offloading coins again. The move has wiped…
CFTC WINS KEY LEVERAGE RULING AGAINST MONEX The Ninth Circuit just handed the CFTC its biggest structural win in years, holding that leveraged retail metals contracts sold by Monex are futures and therefore squarely under the agency’s jurisdiction. The ruling reverses a lower court’s dismissal and opens the door for the CFTC to pursue fraud…
Mirae plans to turn crypto exchange Korbit into something Korea hasn’t seen before Mirae has outlined plans to transform South Korean cryptocurrency exchange Korbit into a new kind of platform for the local market, signaling a broader push to reshape what a domestic exchange can offer. The company’s message suggests an effort to move beyond…
India Finds Most Crypto Traders Skipped Tax Returns India’s tax department uncovered a massive gap between trading activity and tax compliance, revealing that fewer than one in four of the 645,000 crypto traders who transacted actually declared those trades on their returns. The finding signals both aggressive enforcement potential and widespread under-reporting across the country’s…
Judge Slams CFTC’s “Gatekeeper” Power Grab A federal appeals court has ruled that the Commodity Futures Trading Commission cannot punish a futures trader for failing to register as a “floor broker” when the trader never stepped onto an exchange floor. The June 5 decision in Kitchen v. CFTC guts the agency’s attempt to stretch decades-old…
CFTC Wins Big: Crypto Pioneer Loses Ninth Circuit Appeal A federal appeals court just handed the Commodity Futures Trading Commission its clearest victory yet in policing digital currency. The Ninth Circuit upheld a massive judgment against James Devlin Crombie, slamming the door on his last-ditch effort to escape CFTC oversight of crypto derivatives. For the…
Court Deals IRS Fresh Win in Crypto Account Hunt The D.C. District Court just green-lit the IRS’s use of “John Doe” summonses to force Circle and Coinbase to hand over records on 24 unnamed cryptocurrency accounts. The ruling strengthens Washington’s hand in piercing blockchain anonymity and signals that tax agents can treat crypto wallets like…
Bull Bitcoin Sues France Over New Crypto Surveillance Rules A non-custodial Bitcoin exchange just took France to court over a decree that could force crypto platforms to collect and share user data under Europe’s DAC8 tax rules. The suit claims the new requirements create surveillance risks and physical danger for up to 135 million European…
SEC V. BINANCE: JUDGE KILLS KEY CHARGES, LEAVES CRYPTO IN LIMBO A federal judge just gutted the SEC’s case against Binance by tossing most of its charges while keeping a few alive, sending an unmistakable signal that the agency may be overreaching in its hunt for crypto exchanges. The ruling strikes down the SEC’s claim…
Adam Back’s Bitcoin Treasury SPAC Seeks Fresh Deal Terms Bitcoin Standard Treasury Company and Cantor Equity Partners I are renegotiating the terms of their planned 2025 merger, a move they say is needed to “better reflect market conditions.” The adjustment comes amid shifting sentiment around Bitcoin-related public vehicles and a broader recalibration of SPAC valuations…
COURT SLAMS DELAWARE TECH FIRM IN CRYPTO SUIT Delaware’s Superior Court just tossed a $50-million lawsuit brought by a crypto-adjacent tech company against its former partners, ruling that the claims were too thin to survive. The decision narrows the legal runway for Delaware firms hoping to weaponize state courts when crypto deals go south. The…
Live updates: Bitcoin gives up gains, falls below $64,000 as stocks retreat Bitcoin surrendered earlier gains and fell below $64,000 as U.S. stocks moved lower, underscoring the cryptocurrency’s tendency to track broader risk sentiment during periods of market stress. The move came as equities retreated, signaling a shift away from risk assets. Bitcoin’s decline alongside…
Bitcoin Slips Back to $60K as Oil, Japan, and Strategy Stack Up Bitcoin is back testing the $60,000 line after a fresh wave of selling pressure tied to surging oil prices, shaky Japanese markets, and renewed distribution from Strategy. Traders are watching the level closely because it has acted as both a springboard and a…
Grayscale Wins: Appeals Court Slaps Down SEC’s Bitcoin ETF Rejection The D.C. Circuit just told the SEC it can’t keep saying “no” to Bitcoin exchange-traded products without explaining why its reasons apply to one fund but not another. In a unanimous ruling, the three-judge panel vacated the Commission’s order denying Grayscale’s spot-Bitcoin ETF, calling the…
CFTC Wins Big in Donelson—Court Backs Broad Authority Over Crypto Futures The Seventh Circuit just handed the Commodity Futures Trading Commission a decisive win, ruling that unregistered crypto-futures promoter James Donelson must face civil penalties and a trading ban for running an illegal operation. The decision cements the agency’s power to police off-exchange crypto derivatives…
