Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
The US Supreme Court will review @Nvidia’s request to dismiss a securities fraud lawsuit. Shareholders allege Nvidia misled investors about crypto-related sales. The outcome could shape future securities fraud cases. $NVDA #Update
Indian ED freezes ₹32 crore ($3.83M) from Highrich Group, accused of running a ₹1,500 crore ($179M) crypto Ponzi scheme led by K.D. and Sreena Prathapan. This follows a broader crackdown on illegal crypto activities. #Update #CryptoFraud
Uniswap Labs challenges the SEC’s Wells notice, calling the agency’s DeFi regulation attempts misguided and legally flawed. They argue that the $UNI token is not an investment contract and assert their decentralized exchange aligns with the SEC’s mission. #DeFi #Update
The SEC accuses @Ripple of repeating past violations in its ODL sales amid ongoing legal disputes. Legal experts predict a July judgment. XRP dips to $0.4759. #Crypto #Updates
Ripple CEO @bgarlinghouse announces collaboration with 10 governments on CBDCs using Ripple’s blockchain to boost global financial security and efficiency. Also, Ripple’s new stablecoin RLUSD will link to the US dollar across XRP Ledger and Ethereum. #Update #CBDC
SEC accuses @Ripple of repeating past violations in their ODL service, with potential $2B fines looming. Court’s uncertain on regulation breaches. XRP price drops amid legal battles. Ruling expected by August. $XRP #Update
Gemini will pay $50M to defrauded investors of its Earn program and is banned from lending in NY. The settlement, announced by AG Letitia James, affects over 230,000 investors, including 29,000 New Yorkers. #CryptoRegulation
.@Gemini agrees to a $50M settlement over fraud claims related to its Gemini Earn program, affecting over 230,000 users. The deal includes restitution and a permanent ban on crypto lending in NY. #CryptoNews #Update
President Biden has renominated Democrat Caroline Crenshaw as SEC Commissioner, sparking backlash from the crypto community due to her anti-crypto stance and vote against spot Bitcoin ETFs. Critics highlight tensions between Biden’s policies and crypto supporters. #CryptoNews
New York District Judge Jed Rakoff approves a $4.47B settlement where Terraform Labs will pay the SEC, marking the largest corporate fine ever. Former CEO Do Kwon to reimburse $204M. #Crypto #Regulation
The WA State DFI has alerted on a $310K crypto scam by Ethfinance, where an investor couldn’t withdraw funds after refusing to add money to a “smart contract.” #CryptoScam #CryptoAlert
The European Banking Authority finalizes the MiCA crypto framework, requiring issuers of ARTs and EMTs to meet strict liquidity and recovery standards. This boosts EUR-stablecoin use. #CryptoRegulation
The Ripple vs SEC lawsuit nears final judgment, with a possible appeal by the SEC on XRP programmatic sales. Lawyers predict no settlement before judgment. #Ripple #SECUpdates
Coinbase CLO Paul Grewal criticizes SEC’s $4.47B settlement with Do Kwon & Terraform Labs, highlighting inadequate investor compensation. #Crypto #Regulation
