### CFTC Fails to Force Kraft’s Private Swap Data The Seventh Circuit Court of Appeals slammed the door on the Commodity Futures Trading Commission (CFTC), denying its bid for a writ of mandamus against Kraft Foods and Mondelēz Global. The agency wanted court-ordered access to the companies’ private swap data from a third-party vendor, but…
SEC Crushes Bilzerian’s Crypto Comeback Bid in Decade-Old Injunction Clash The SEC just slammed the door on Paul Bilzerian’s latest attempt to dive back into crypto deals, upholding a 2001 permanent injunction that bars the convicted stock fraudster from future securities violations. In a fresh D.C. federal court ruling, Judge Royce Lamberth reinforced the decades-old…
SEC Slaps Down CFTC in Crypto Turf War Victory The Seventh Circuit just gutted the CFTC’s reach over a family trust’s $8 million loss in a commodity pool scam, ruling the agency can’t claw back funds from innocent investors. This sharp rebuke limits federal overreach in fraud recovery, handing a win to victims while exposing…
Bitcoin Hashrate Reclaims 1 ZH/s as Hashprice Slides Lower Bitcoin’s network hashrate has climbed back above 1 zettahash per second (ZH/s), returning to a milestone level of computational power securing the blockchain. The move underscores how much mining capacity is currently online, even as miner revenue metrics soften. At the same time, hashprice has moved…
SEC Slaps Down in Crypto Case: Fifth Circuit Limits Overreach The Fifth Circuit just torched the SEC’s attempt to classify a crypto platform as an unregistered securities exchange, ruling it doesn’t fit the mold under federal law. This smackdown hands a massive win to the defendants and signals courts are tiring of the SEC’s “regulation…
SEC Drops CFTC Bombshell in Kraft Fight The Seventh Circuit just slammed the brakes on the CFTC’s aggressive push to claw back millions from Kraft Foods and Mondelēz over alleged wheat futures manipulation. In a rare mandamus ruling, the court ordered the district judge to dismiss the case outright, exposing cracks in the CFTC’s enforcement…
SEC Slaps Down Crypto Firm’s Commodity Claim in Broker Fight New York appellate court rules Regal Commodities can’t dodge broker licensing by calling its crypto trading a “commodity” service, handing regulators a win in Regal Commodities v. Tauber. This decision tightens rules on who can legally hawk crypto trades without state oversight, potentially chilling unlicensed…
US Debt Hits $36.6T as Recession Fears Threaten Bitcoin’s Rally to $95K Bitcoin surged to fresh all-time highs today, riding a wave of optimism, but America’s ballooning $36.6 trillion national debt and dismal housing data are flashing red recession warnings. Investors now brace for a potential BTC plunge back to $95,000 if economic cracks widen….
SEC Panel Pushes Crypto Cases to Illinois Hub A federal judicial panel led by Chair Sarah S. Vance just greenlit centralizing three crypto-related lawsuits into Chicago’s Northern District of Illinois, pulling in cases from California and Pennsylvania. Anthony Motto, plaintiff in the lead Greene action, won the motion, creating a single battleground for what could…
Chinese Creditor Battles FTX’s Bid to Block Payouts in Restricted Nations A Chinese creditor has fired back at FTX’s latest court motion to halt repayments to users in China and other restricted countries, escalating the bankrupt exchange’s drawn-out recovery drama. This clash highlights the tension between global user rights and regulatory roadblocks, potentially delaying billions…
SEC Slaps Down in Crypto Securities Win for Coinbase The Fifth Circuit just gutted the SEC’s “Howey test” ambush on Coinbase, ruling that its secondary market sales of already-listed tokens aren’t investment contracts. This 11/26/24 smackdown reverses a lower court greenlight for the SEC’s broad attack, handing Coinbase a massive W and cracking open the…
NYSE Parent Company Finalizes Polymarket Investment, Totaling $1.6 Billion NYSE’s parent company has finalized an investment in Polymarket, bringing the total amount committed to $1.6 billion. The move formalizes a high-profile tie-up between a major traditional market operator and a crypto-native platform best known for prediction markets. The investment signals growing interest from established financial…
Trump Jr. Bets Big on Thumzup’s Wild Bitcoin Treasury Pivot Donald Trump Jr. has thrown his weight behind Thumzup Media, a social media marketing platform that’s morphing into a Bitcoin treasury powerhouse. The investment signals elite confidence in BTC as a corporate balance sheet weapon, amid rising adoption by firms chasing yield and hype. For…
CFTC Clobbers Crypto Trader in Landmark Fraud Win The Ninth Circuit just handed the CFTC a major victory, upholding a lower court’s ruling against James Devlin Crombie for orchestrating a $7.8 million crypto Ponzi scheme. Crombie, who peddled fake investment returns through his platform trading Bitcoin and other digital assets, now faces the full weight…
CFTC Crushes Monex: Metals Dealers Ruled Commodity Traders The Ninth Circuit just handed the CFTC a major win, affirming that Monex Deposit Company and its affiliates illegally operated as unregistered futures merchants by selling leveraged retail commodity contracts on gold, silver, and platinum. This ruling expands CFTC oversight into leveraged bullion deals, signaling regulators can…
SEC Wins Seizure of 24 Crypto Accounts in IRS Probe A federal court in Washington D.C. greenlit the U.S. government’s seizure of 24 cryptocurrency accounts holding millions in digital assets, stemming from an IRS and Treasury probe into unreported offshore holdings. This ruling bolsters federal forfeiture powers over crypto suspected of tax evasion, signaling regulators’…
Chinese Creditor Fights FTX’s Plan to Block Payouts in Restricted Nations A Chinese creditor has thrown a wrench into FTX’s bankruptcy plan by challenging the exchange’s motion to halt payouts to users in 14 restricted countries, including China. This clash highlights the messy global fallout from FTX’s 2022 collapse, where billions in customer funds vanished….
SEC Crushes Binance in Court, Upholds Massive Crypto Crackdown The U.S. District Court for the District of Columbia just slammed the brakes on Binance’s bid to dodge SEC oversight, denying their motion to dismiss in a blockbuster ruling that keeps the crypto giant’s fate in regulators’ crosshairs. This decision blasts open the door for the…
Hyperliquid’s User Boom Sparks HYPE Rally to $45 Hyperliquid, the high-octane decentralized exchange, is exploding in popularity with a surging user base dominating the DEX space. This momentum is fueling predictions of its native token HYPE blasting past $45, rewarding early believers amid a choppy crypto market. For investors, it’s a classic tale of adoption…
SEC Slaps Down in Delaware Court Over Unregistered Securities Push In a stinging rebuke to federal overreach, a Delaware Superior Court judge ruled that Diamond Fortress Technologies and executive Charles Hatcher aren’t liable for selling unregistered securities, tossing the SEC’s lawsuit on summary judgment. The decision hinges on the plaintiffs’ unregistered stock offerings not meeting…
