SEC Convicts Citron’s Left of Fraud
Andrew Left of @CitronResearch was convicted on 13 securities fraud counts, facing up to 25 years in prison; he plans to appeal. #Breaking #Legal
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
USDC Freeze Lifted Zama Accelerates Compliance
@Zama will launch its confidential USDC after a court lifted a $12.5M freeze linked to an unrelated dispute, prompting the protocol to enhance compliance measures. #Update #Crypto $USDC
Bitcoin Wallet Moves $2.54M Amid Lawsuit
A dormant bitcoin wallet since 2011 moved 35.55 BTC on June 2, undermining Noah Doe’s abandoned-property claim in a $293B NY lawsuit. #Update #Legal
OpenAI Faces Florida Lawsuit Over ChatGPT
Florida sues @OpenAI and CEO Sam Altman over ChatGPT safety claims, alleging risks to children. The state seeks damages and regulatory changes. #Breaking #Legal
Ripple Surges with 500+ Bank Partnerships
Ripple’s Payments documentation reveals over 500 financial institution IDs, sparking interest in $XRP’s potential role in global payments. These IDs facilitate routing, not necessarily XRP usage.
Bitcoin HYPE Soars as CFTC Approves
The CFTC approved KalshiEX’s BTCPERP, the first Bitcoin perpetual on a US-regulated exchange, boosting $HYPE 17% to a new ATH. #Update #Crypto $HYPE
SEC Sues Privvy Founder Over $12.3M Scheme
The SEC accuses Nathan Fuller of a $12.3M crypto scheme using fake AI bots, with only $380K buying crypto and $6.2M misappropriated. #Breaking #Legal @SECGov
SEC Bans Binance US Operations
Blockchain.com has confidentially filed for a U.S. IPO, signaling confidence in regulatory stability. ECB warns against euro stablecoin risks, highlighting policy divides with the U.S. #Update #Crypto
SEC Charges Texas Man in $12.3M Crypto Fraud
Nathan Fuller charged by the SEC for a $12.3M crypto fraud, promising 40-50% returns but misappropriating $6.2M. The SEC seeks permanent injunctions and restitution. #Breaking #Legal $BTC
Bitcoin Lawsuit Targets Satoshi’s $286B Wallets
Ripple CTO Emeritus David Schwartz criticizes a New York lawsuit claiming $286B in Bitcoin ownership linked to Satoshi Nakamoto and the Mt. Gox hack for its flawed reasoning. #Update #Legal $BTC
Gemini CFTC Seek $5M Settlement Reversal
The CFTC and @Gemini seek to reverse a $5M settlement, acknowledging their original complaint should not have been filed under current standards. #Update #Legal
Gemini CFTC Reverse $5M Settlement Motion
The CFTC and @Gemini seek to reverse a $5M settlement, citing a flawed 2022 complaint. The CFTC now views Gemini as a fraud victim. #Breaking #Legal
Gemini CFTC Seek to Reverse $5M Settlement
The CFTC and @Gemini have filed to reverse a $5M settlement, citing flawed evidence in a 2022 case against the exchange. #Breaking #Legal
SEC Approves Paxos as Clearing Agency
Paxos Securities Settlement Company gains SEC registration as a clearing agency, becoming the first blockchain-native firm to operate as a central securities depository in the U.S. #Update #Legal