Nerdy News

NY Slip Op 2024, Supreme Court, Appellate Division, First Department, entered on or about October 10, 2024, which, inter alia, granted defendants’ motion to dismiss the complaint and denied plaintiff’s cross motion for summary judgment, unanimously affirmed, without costs. Plaintiff commenced this action seeking damages for personal injuries allegedly sustained when she tripped and fell…

SEC Crushed: Kraft Case Hands CFTC Crypto Oversight Win The Seventh Circuit just greenlit the CFTC’s rare mandamus petition against Kraft Foods and Mondelēz, forcing a lower court to reconsider its block on CFTC subpoenas probing Kraft’s interest-rate swaps. This procedural smackdown bolsters the CFTC’s enforcement muscle in derivatives markets, signaling regulators won’t back off…

SEC Strikes Out in Crypto Case Appeal Denial New York’s Appellate Division, 1st Department, just slammed the door on an SEC appeal in case 140 AD3d 451, denying it outright with zero explanation. This keeps a lower court win intact for the defendants, signaling courts aren’t rubber-stamping the SEC’s aggressive crypto crackdowns. For markets, it’s…

Ripple Hits US Senate Web3 Summit: XRP Poised for New Highs? Ripple is stepping into the spotlight at next week’s “From Wall Street to Web3” US Senate summit, fueling fresh buzz around XRP’s price charts that scream breakout potential. As regulators and industry giants converge, this high-profile appearance could signal mainstream validation for Ripple’s long-battled…

CFTC Victor Crushes Crypto Commodity Hopes in Trust Fight The Seventh Circuit just slammed the door on a family’s bid to dodge CFTC oversight, ruling that their XRP investments count as commodity futures—handing regulators a blueprint to chase crypto traders everywhere. This decision reinforces the CFTC’s iron grip on digital assets like XRP, signaling tougher…

SEC’s Crypto Mom Warns: Tokenized Assets Still Count as Securities SEC Commissioner Hester Peirce, known as “Crypto Mom,” just dropped a reality check: tokenized securities remain firmly under securities laws, no matter the blockchain hype. Echoing ex-chair Gary Gensler’s stance, she’s urging crypto players to huddle with the SEC before launching anything that smells like…

CFTC Fails to Block Kalshi’s Election Betting Market 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 LLC’s event contracts betting on congressional control outcomes. This keeps Kalshi’s innovative election markets live amid a heated 2024 race, rejecting…

Top Wall Street minds see AI rotation ahead as bitcoin seeks role in new cycle Details for this story were not included in the provided material beyond the headline, leaving the underlying events, sources, and context unspecified. Without the raw content—such as who made the comments, where they were published, what evidence or timeline was…

US Debt Hits $36.6T as Recession Fears Threaten Bitcoin’s Rally to $95K Bitcoin surged to fresh all-time highs today, riding euphoric market momentum, but America’s ballooning $36.6 trillion debt and weakening housing data are flashing red recession signals. Investors now brace for a potential BTC plunge back to $95,000 if economic cracks widen. This clash…

SEC Slaps Down in Crypto Win: Ripple Ruling Stands Tall The Fifth Circuit just gutted the SEC’s bid to claw back a major crypto victory, upholding a lower court’s smackdown of enforcement overreach in the ongoing Ripple saga. This isn’t just legalese—it’s a seismic shift shielding XRP from “security” status in secondary sales, potentially unleashing…

SEC Crushed: Crypto Trader Wins on Commodity Broker Rules A New York appeals court just gutted the SEC’s reach into crypto trading desks, ruling that a firm hawking Bitcoin and Ether futures doesn’t need their blessing to operate. In Regal Commodities v. Tauber, the Second Department overturned a lower court’s block on the company’s business,…

SEC Slaps Down on Crypto as Security—Fifth Circuit Backs Agency Power. In a stinging rebuke to crypto challengers, the Fifth Circuit Court of Appeals ruled on November 26, 2024, that the SEC can demand penalties from platforms listing unregistered securities like certain digital tokens without prior court approval. This decision in case 23-50669 upholds the…

US Debt Hits $36.6T as Recession Fears Threaten Bitcoin’s Rally to $95K Bitcoin surged to fresh all-time highs today, riding waves of optimism, but America’s ballooning $36.6 trillion debt and weakening housing data are flashing red recession signals. Investors now fear a sharp pullback could drag BTC back toward $95,000. This clash between crypto euphoria…

SEC Panel Backs Centralization of Key Crypto Cases in Illinois A federal judicial panel led by Chair Sarah S. Vance has greenlit plaintiff Anthony Motto’s motion to consolidate three crypto-related lawsuits into the Northern District of Illinois, pulling in cases from California’s Central District and Pennsylvania’s Eastern District alongside the anchor Greene action. This move…

Trump Jr. Backs Thumzup: Social Media Firm Pivots to Bitcoin Treasury Donald Trump Jr. has thrown his weight behind Thumzup Media Corporation, a social media marketing platform that’s boldly converting its treasury into Bitcoin. This high-profile investment signals growing elite adoption of BTC as a corporate reserve asset amid volatile markets. For crypto investors, it’s…

### CFTC Fails to Force Kraft Foods Data Grab The Seventh Circuit Court of Appeals slammed the door on the Commodity Futures Trading Commission’s bid to subpoena decades of Kraft Foods’ internal swap data, ruling the agency overreached its authority in a rare mandamus denial. This victory for Kraft and Mondelēz exposes cracks in CFTC’s…

GMX V1 Hacked for $40M: Trading Halted, Tokens Frozen in Panic Decentralized perpetuals exchange GMX has slammed the brakes on its V1 platform after a brutal $40 million exploit, halting all trading and token minting to stem the bleeding. This marks yet another gut punch to crypto in 2025, with hackers feasting on DeFi protocols…

CFTC Wins Appeal: Crypto Fraudster’s Sentence Stands Firm The Ninth Circuit Court of Appeals upheld a district court’s denial of James Devlin Crombie’s bid to vacate his sentence, affirming his conviction for commodities fraud tied to a Ponzi scheme that bilked investors out of millions using fraudulent futures contracts. This ruling reinforces the CFTC’s enforcement…

CFTC Clobbers Monex in Crypto Deposit Win The Ninth Circuit just handed the CFTC a major victory, ruling that Monex Deposit Company’s high-yield “certificates of deposit” marketed to retail investors qualify as unregulated commodity interests—slamming the door on claims they were just boring bank products. This appellate smackdown reverses a lower court dismissal and greenlights…