Court Slams IRS Seizure of Crypto Wallets Federal agents just lost a round in their hunt for crypto. A Washington judge ruled that the IRS can’t simply grab anonymous cryptocurrency accounts without showing probable cause that the wallets contain evidence of a specific crime. The case began when the IRS and Homeland Security tried to…
SEC Wins Early Round as Binance Case Moves Forward Federal Judge Amy Berman Jackson just refused to toss the SEC’s case against Binance, keeping the exchange on the hook for selling unregistered securities. The ruling keeps pressure on the world’s largest crypto platform and signals that U.S. regulators still hold the stronger hand in court…
Delaware Court Hands Crypto Startup a Narrow Win Over SEC Precedent Diamond Fortress Technologies and founder Charles Hatcher just scored a procedural victory that could ripple through how crypto cases get litigated in Delaware courts. The Superior Court refused to toss their lawsuit against a former employee, signaling that state contract and trade-secret claims can…
Bitcoin Red Team Says AI Is Finding Critical Exploits Across Core Projects The Bitcoin Red Team says artificial intelligence tools are increasingly identifying critical security exploits across core Bitcoin-related projects, according to the information provided. The update points to a shift in how vulnerabilities are being discovered and assessed in foundational software, where automated systems…
Grayscale Wins, SEC Bitcoin Trust Denial Reversed Grayscale Investments just forced the SEC to revisit its blanket rejection of the first spot Bitcoin ETF, and the D.C. Circuit’s decision is a clear rebuke of the agency’s “trust us” approach to crypto oversight. The three-judge panel ruled that the Commission failed to explain why a Bitcoin…
COURT SLAMS DONELSON—AND CFTC’S BITCOIN CLAIM The Seventh Circuit just handed the CFTC a win and crypto traders a headache. By affirming that James Donelson’s unregistered Bitcoin trading operation violated the Commodity Exchange Act, the court confirmed that digital assets can be regulated as commodities even when they never touch a futures contract. The ruling…
**COINBASE WINS ROUND ONE, SEC LOSES GROUND** The Third Circuit just handed Coinbase a procedural victory that could reshape how the SEC must justify its enforcement blitz against crypto platforms. In a rare win for the industry, the court told the agency it cannot dodge a formal rulemaking petition simply by pointing to enforcement actions….
White House to Senate: Pass Clarity Act by Sept. 15 or Never The White House is urging the U.S. Senate to pass the Clarity Act by Sept. 15, warning that the bill may not move forward if lawmakers miss that deadline. No additional details were provided about the administration’s rationale for the date, the specific…
UK FCA Eyes Tokenized Gold as London Defends 70% Market Share The UK’s Financial Conduct Authority (FCA) is looking at how tokenized gold fits within financial markets as London seeks to protect its dominant position in global gold trading, where it is described as holding a roughly 70% market share. Tokenized gold typically refers to…
Hackers Drain $8 Million From Crypto Exchange Across Two Blockchains A crypto exchange has reported an $8 million loss after hackers drained funds across two separate blockchains, highlighting the continuing operational and security risks faced by centralized trading platforms. Based on the information provided, the incident involved unauthorized outflows totaling $8 million, with the stolen…
Bitcoin Still in Death Cross as Jobs Miss Cuts Rate-Hike Odds Bitcoin remained in a “death cross” technical setup as the latest U.S. jobs data came in below expectations, a combination that kept attention on both market momentum signals and shifting interest-rate expectations. A death cross typically refers to a chart pattern in which a…
KALSHI WINS FIRST ROUND AS CFTC LOSES GRIP ON ELECTION BETS A federal appeals court refused to pause a lower-court order letting Kalshi run election contracts, handing the CFTC a fast and stinging defeat. The decision keeps the prediction market live while regulators scramble to craft a longer-term response. With billions already flowing into election-related…
Texas Appeals Court Halts Blockchain Suit in Dramatic Twist Texas’s Eighth Court of Appeals just froze a civil suit against Envy Blockchain and its co-founder Stephen DeCani, handing them an emergency win that could ripple through crypto-related litigation nationwide. The court granted mandamus relief, ordering a lower-court judge to pause proceedings while the parties fight…
Flock Wanted to Turn 350,000 Uber Drivers Into a Nationwide Plate-Scanning Fleet Flock, a company known for automated license plate reader (ALPR) technology, sought to significantly expand its data-collection footprint by recruiting as many as 350,000 Uber drivers to scan license plates while working. The plan would have effectively transformed a large rideshare workforce into…
Court Slams Brakes on CFTC Power Grab Federal appeals judges just told the Commodity Futures Trading Commission it cannot simply commandeer private company documents whenever it feels like it. The Seventh Circuit’s ruling in a Kraft Foods dispute delivers a sharp check on the agency’s investigative reach, and it arrives at the exact moment crypto…
Court Hands SEC a Fresh Sword in 1989 Bilzerian Case The District Court for the District of Columbia has just revived a twenty-three-year-old injunction that bars Paul Bilzerian and his affiliates from filing or financing any litigation against the SEC without first obtaining judicial permission. The ruling matters because it shows a federal judge willing…
Supreme Court Hands SEC Narrow Win, Crypto Still Wins the War The Supreme Court just handed the SEC a limited procedural victory while carving out the most important substantive ground for the crypto industry. In a ruling that will echo through every exchange, DeFi protocol, and token sale, the justices made it harder for the…
CFTC WINS: TRUST LOSES IN BITCOIN RULING The Seventh Circuit just handed the CFTC a clean win and the Conway Family Trust a painful reminder that bitcoin futures count as commodities. In a short, unanimous opinion, the court upheld a CFTC enforcement order against the Trust, rejecting its claim that digital currencies fall outside federal…
JUDGES STRIKE SEC’S SWEEPING DEFINITION OF EXCHANGE Court says platforms don’t “exchange” unless they match buyers and sellers. The Fifth Circuit just handed crypto a rare legal victory. In a 3–0 opinion issued April 17, the appeals court ruled that the SEC cannot treat every online marketplace that merely lists tokens as an unregistered national…
$2B Crypto Investor Harry Yeh Plunges to Death in Paraguay A news story cannot be responsibly written from the information provided. The only details available are the headline and a one-line claim that crypto investor Harry Yeh “plunges to death in Paraguay,” with no accompanying facts, sourcing, timeline, or official confirmation. To produce a clean,…
