JUDGE STOPS BILZERIAN’S 23-YEAR WAR ON THE SEC A federal judge in Washington just shut down the latest chapter of a decades-old feud between convicted stock manipulator Paul Bilzerian and the Securities and Exchange Commission. The ruling keeps in place a 2001 injunction that bars Bilzerian and his family from filing any new lawsuits against…
COURT SHREDS SEC’S “INVESTMENT CONTRACT” TEST IN MAJOR RULING The Supreme Court just gutted the SEC’s favorite legal weapon for labeling tokens as securities. In a 6–3 decision released this morning, the justices ruled that the agency cannot stretch the 1946 Howey test to cover every digital asset that merely promises future value. The ruling…
**CFTC Loses Major Power Grab Over Commodity Pool Advisers** The Seventh Circuit just stripped the CFTC of its ability to punish a family trust for failing to register as a commodity pool operator, delivering a clear message: regulators cannot stretch definitions to catch private investment vehicles. The ruling matters because it reins in the CFTC’s…
Judge Blocks SEC From Secretly Tagging Crypto as Securities The Fifth Circuit just dropped a procedural hammer on the SEC, ruling that the agency cannot hide its internal classification decisions on digital assets from public view. The court held that Coinbase’s request to force the Commission to disclose how it decides which tokens are securities…
SBI buys 20% stake in Indonesia’s Ajaib for $270 million to expand yen stablecoin in Southeast Asia Japan’s financial group SBI has agreed to buy a 20% stake in Indonesia’s investment platform Ajaib for $270 million, in a move that links a major traditional finance player with one of Southeast Asia’s fast-growing digital brokers. The…
Regal Commodities v Tauber New York Court Hands Regal Commodities Big Win—But Leaves Crypto Questions Unanswered A New York appeals court just handed Regal Commodities a decisive procedural victory over investor Benjamin Tauber, reversing a lower court’s dismissal of Regal’s breach-of-contract suit and reinstating its claims that Tauber still owes nearly $1.8 million in margin…
COURT STOPS CFTC FROM REOPENING KRAFT SETTLEMENT Federal appeals court bars the CFTC from resurrecting a settled lawsuit against Kraft and Mondelēz, tightening the limits on how far regulators can reach back into closed cases. The ruling matters because it signals courts will not let agencies treat consent orders as temporary bargaining chips. The fight…
JUDGES PICK ILLINOIS TO HOST MULTI-STATE CRYPTO SUIT Three related lawsuits targeting the same crypto exchange will now be steered from a single courtroom in Chicago after a federal panel ordered them consolidated under the Northern District of Illinois. The move, handed down last week by the Judicial Panel on Multidistrict Litigation, sets the stage…
Court Stuns SEC With Crypto Ruling — Limits Agency Power The Fifth Circuit just handed the SEC a stinging defeat in its bid to expand regulatory reach over crypto. In a 2-1 decision released November 26, the appeals court blocked the agency from using a sweeping theory of liability that would have turned most crypto…
Court Hands CFTC Rare Win Over Monex in Metals Trading Case The Ninth Circuit just reversed a lower court and ruled that the CFTC can bring enforcement actions against Monex for selling leveraged metals contracts without registration. The decision is a direct blow to the idea that trading platforms can escape federal oversight simply by…
Bitcoin Privacy Wallet Sparrow Issues Update After AI Flags Fixes Sparrow, a Bitcoin-focused desktop wallet known for its privacy and advanced self-custody features, has released an update after an AI system flagged potential fixes. According to the information provided, the update follows the AI flagging specific changes as “fixes,” prompting a release that addresses those…
Court Slaps CFTC: Kitchen Wins, Crypto Loses Clarity Trevor Kitchen just beat the CFTC in federal court, and the agency’s authority over crypto just took a hit. The D.C. Circuit tossed the CFTC’s enforcement order against Kitchen, ruling that the Commission failed to prove his crypto trades were “commodity transactions” under the Commodity Exchange Act….
CFTC WINS NINTH CIRCUIT ROUND IN CROMBIE FRAUD CASE The Ninth Circuit just handed the Commodity Futures Trading Commission a decisive win against James Devlin Crombie, a former currency trader accused of running a $2.1 million Ponzi scheme through his firm Forex Currency Trading Group. The court ruled that the CFTC can pursue fraud charges…
Judge Orders Seizure of 24 Crypto Wallets in IRS Tax Probe U.S. District Judge Dabney L. Friedrich has signed off on the government’s request to seize twenty-four cryptocurrency accounts tied to an ongoing IRS tax investigation, marking another escalation in Washington’s use of civil forfeiture against digital assets. The ruling gives federal agents immediate control…
SEC Suffers Major Blow in Binance Case The U.S. District Court for the District of Columbia has handed the Securities and Exchange Commission a significant setback in its enforcement action against Binance Holdings, ruling that several of the SEC’s key claims lack sufficient legal foundation. The decision, issued by Judge Amy Berman Jackson, narrows the…
COURT RIPS HATCHER’S “FORTRESS” CLAIM APART Delaware’s Superior Court just killed a crypto startup’s lawsuit against a former partner, ruling that Charles Hatcher II and Diamond Fortress Technologies have no viable contract or fraud claims. The decision hands a clear win to defendants and sends a warning shot to founders who treat vague handshake deals…
After Their AI Models Hacked Real Companies, AI Labs Call for Stronger Cyber Defenses The provided information includes only a headline and no supporting details about what occurred, which companies were affected, which AI labs were involved, or what specific cyber defenses were proposed. Without the raw content or any additional verified facts, it isn’t…
Court Slams SEC Over Grayscale Bitcoin ETF Denial The D.C. Circuit just ordered the SEC to take another look at its refusal to let Grayscale convert its Bitcoin Trust into an exchange-traded fund, ruling that the agency treated similar products inconsistently and failed to justify its decision. The three-judge panel found the SEC’s reasoning arbitrary…
Court Slaps Crypto Trader with Fraud Liability, Expands CFTC Reach The Seventh Circuit just ruled that a Chicago-area crypto trader who sold his own tokens and promised trading profits must face civil fraud charges, rejecting his bid to toss the CFTC’s case. The decision matters because it signals that courts are willing to treat certain…
COURT REJECTS COINBASE BID TO HALT SEC CRYPTO CRACKDOWN Coinbase just lost its biggest gamble yet. The Third Circuit denied the exchange’s petition to force the SEC into crypto rulemaking, leaving the agency free to keep pursuing enforcement-first regulation. Markets barely flinched, but the ruling quietly raises the stakes for every token, platform, and trader…
