The United Kingdom has targeted crypto-related platforms Cryptomus and TokenSpot as part of a new sanctions package focused on Russia.
The move places both entities within the scope of the UK’s Russia-related sanctions framework. However, no further details about the specific measures or the allegations behind the designations were provided.
Delaware Court Slams Brakes on Crypto Contract Dispute Diamond Fortress Technologies and Charles Hatcher II sued in Delaware Superior Court after a crypto-related business deal collapsed, claiming breach of contract and fraud over what they say were misrepresented token economics and development timelines. The case, filed under C.A. No. N21C-05-048, quickly became a test of…
U.S. Judge Green-Lights IRS Seizure of Crypto Wallets Federal agents just won the right to keep millions in digital assets seized from suspected tax cheats—without ever proving the owners broke the law. The ruling hands the IRS a powerful new enforcement tool and signals that crypto anonymity is no longer a shield against tax collection….
CFTC Wins Big in Monex Ruling, Crypto Dealers Face New Oversight The Ninth Circuit just handed the Commodity Futures Trading Commission a major victory in its fight against Monex Credit Company and its affiliates, ruling that leveraged metals trading contracts sold to retail customers fall squarely under CFTC jurisdiction even when actual delivery never occurs….
Bitcoin Price Stalls Near $84K After Liquidations Sweep Out Longs Bitcoin traded largely flat around $84,000 after a sharp move lower that knocked the asset down from roughly $87,000. Intraday trading ranged from about $82,870 to $84,830, as the market attempted to stabilize following heavy selling pressure. The broader backdrop remains weak: Bitcoin is down…
SEC LOSES FIFTH CIRCUIT BATTLE OVER CRYPTO JURISDICTION The Fifth Circuit just handed the SEC a setback that could reshape how crypto enforcement plays out nationwide. In a ruling issued April 17, the appeals court narrowed the Commission’s ability to stretch its authority into areas traditionally left to the CFTC, signaling that not every digital…
Crypto for Advisors: Beyond Bitcoin and Ether Information about the developments, assets or trends covered in this topic was not provided.
