SEC Panel Backs Centralization of Crypto Cases in Chicago Court A federal judicial panel led by Chair Sarah S. Vance has greenlit Anthony Motto’s push to consolidate three crypto-related lawsuits into the Northern District of Illinois, pulling in actions from California and Pennsylvania. This move streamlines battles likely tied to crypto disputes, signaling courts’ intent…
SEC’s Crypto Mom Peirce: Tokenized Assets Still Count as Securities SEC Commissioner Hester Peirce, known as “Crypto Mom,” just dropped a reality check: tokenized securities remain firmly under the securities umbrella, no matter the blockchain hype. Echoing ex-chair Gary Gensler’s tough stance, she’s urging crypto players to sit down with the SEC before building. This…
SEC Smacks Down in Crypto Case, Hands Win to Coinbase The Fifth Circuit just gutted part of the SEC’s crypto enforcement playbook, ruling that Coinbase’s listing and trading of SOL, ADA, MATIC, and other tokens doesn’t automatically make them securities. In a sharp rebuke filed November 26, 2024, the court vacated the SEC’s dismissal denial,…
Coinbase Links Up With Linux Foundation to Launch x402 Foundation Coinbase and the Linux Foundation have teamed up to launch the x402 Foundation, a new initiative aimed at supporting work around “x402.” The announcement links one of the largest U.S.-based crypto companies with one of the most influential organizations in open-source software. The Linux Foundation…
Chinese Creditor Fights FTX’s Plan to Block Payouts in Restricted Nations A Chinese creditor has fired back at FTX’s latest bankruptcy maneuver, challenging the exchange’s motion to halt repayments to users in China and other restricted countries. This clash threatens to delay the already drawn-out distribution of over $16 billion in recovered assets to victims….
CFTC Crushes Crypto Trader in Landmark Fraud Win The Ninth Circuit just handed the CFTC a major victory, upholding a $2.9 million penalty against crypto trader James Devlin Crombie for fraudulently peddling a Bitcoin investment scheme. This ruling solidifies the agency’s grip on digital asset fraud, signaling to markets that even decentralized trades aren’t immune…
CFTC Clobbers Monex in Crypto Forex Win The Ninth Circuit just handed the CFTC a major victory, upholding a $12 million penalty against Monex for illegally selling leveraged retail forex contracts to Americans without registration. This ruling reinforces the agency’s grip on digital asset derivatives, signaling that crypto-tied forex trades aren’t dodging oversight anytime soon….
### IRS Seizes 24 Crypto Accounts in Tax Evasion Crackdown The U.S. District Court for the District of Columbia upheld the government’s forfeiture of 24 cryptocurrency accounts in a high-stakes IRS probe into tax evasion and money laundering. This ruling greenlights federal seizures of digital assets tied to illicit finance, signaling a tougher stance on…
SEC Crushes Binance’s Bid to Toss Core Fraud Charges In a stinging rebuke to the world’s largest crypto exchange, a D.C. federal judge denied Binance’s motion to dismiss key SEC fraud claims, keeping alive allegations of massive securities violations. The ruling, handed down in the U.S. District Court for the District of Columbia, rejects Binance’s…
SEC Slaps Down Diamond Fortress in Delaware Tech Clash Delaware’s Superior Court just gutted Diamond Fortress Technologies and CEO Charles Hatcher II, tossing their lawsuit against the SEC over a stalled crypto-related merger. The ruling enforces a rare “no jurisdiction” dismissal, letting regulators block the deal without a full fight— a win for SEC muscle…
Defying US Criticism, Brazil Mulls Pix’s Globalization Brazil is weighing steps to expand Pix—its widely used instant payments system—beyond domestic borders, even as the US has voiced criticism of the platform. Pix, operated through Brazil’s banking and payments infrastructure, has become a central rail for fast, low-cost transfers inside the country. The latest discussion signals…
Grayscale Crushes SEC: Spot Bitcoin ETF Greenlit by Appeals Court In a seismic win for crypto investors, the D.C. Circuit Court of Appeals just smacked down the SEC, forcing it to reconsider Grayscale’s bid to convert its $8 billion Bitcoin Trust into a spot ETF. The ruling exposes the agency’s arbitrary favoritism toward Bitcoin futures…
CFTC Crushes Crypto Trader in Landmark Fraud Win The Seventh Circuit just handed the CFTC a decisive victory against crypto trader James A. Donelson, upholding a lower court’s ruling that his digital asset schemes constituted commodities fraud. Donelson, who peddled fraudulent investment contracts tied to Bitcoin and other tokens, now faces millions in penalties and…
Coinbase Smacks Down SEC in Landmark Crypto Win Coinbase just torched an SEC enforcement order in federal court, with the Third Circuit ruling the agency overstepped by demanding the exchange hand over massive user data without proving its case. This precedential smackdown weakens the SEC’s grip on crypto surveillance, handing exchanges a shield against fishing…
Judge continues Nevada ban on Kalshi sports markets A judge has continued Nevada’s ban on Kalshi offering sports-related markets in the state, keeping the company from making those products available to Nevada users while the dispute proceeds. The decision extends the status quo in a case that sits at the intersection of regulated sports betting…
Myriad Traders Predict US Boots in Iran After Downed Fighter Jet Prompts Rescue Mission Trading activity on Myriad, a crypto-based prediction market, shifted toward the view that the United States will deploy ground forces in Iran following reports of a downed fighter jet and a subsequent rescue mission. The move reflects how quickly geopolitically sensitive…
U.S. March jobs smash expectations, with 178,000 added The U.S. labor market delivered a stronger-than-expected result in March, with employers adding 178,000 jobs, according to the information provided. Jobs data like this matters for crypto because it is one of the key inputs that shapes expectations for U.S. monetary policy. Stronger employment can signal that…
Five data sources point to the same trend in bitcoin: Market depth is thinning from within Five separate market data sources are signaling a similar shift in bitcoin’s trading structure: liquidity is becoming thinner, particularly in the underlying order books that support day-to-day trading. The shared message across these sources is that bitcoin’s market appears…
Kalshi Wins CFTC Blockade—Event Contracts Surge Ahead The D.C. Circuit Court just slammed the brakes on the CFTC’s bid to stay its own defeat, letting KalshiEX launch election betting markets despite the agency’s panic. In a swift October 2 ruling, judges denied the Commodity Futures Trading Commission’s emergency motion, greenlighting trades on congressional control and…
Texas Court Slaps Down SEC in Crypto Mandamus Clash In a sharp rebuke to federal overreach, the Eighth District Court of Appeals in El Paso, Texas, denied the SEC’s bid to halt a state court lawsuit against Envy Blockchain, Inc., NV Landco 1 LLC, and Stephen Decani. The relators, facing SEC enforcement for alleged unregistered…
