Meta Seeks Dismissal of AI Lawsuit
@Meta faces allegations from Strike 3 Holdings for misusing 2,400 adult videos for AI training, seeking $350M in damages; Meta denies claims and seeks dismissal. #Update #Legal
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
XRP Debit Card Relaunches After SEC Resolution
@UpholdInc has relaunched its XRP Debit Card in the U.S., allowing users to spend over 300 digital assets and earn up to 6% cashback in $XRP. #Update #Crypto $XRP
SEC CFTC Launch Collaborative Crypto Regulation Shift
The U.S. CFTC and SEC have initiated a collaborative effort to clarify crypto regulations, aiming to make the U.S. a global crypto capital, with plans for regulated spot trading by year-end. #Update #Crypto $BTC $ETH
SEC Removes Delay for Canary XRP ETF Launch
@CanaryFunds has filed an updated S-1 for its $XRP spot ETF, removing SEC delay control, potentially launching on November 13 pending Nasdaq approval. #Update #Crypto $XRP
Crypto Casino Stake Promotion Sparks Lawsuit
Drake and Adin Ross face a class-action lawsuit for promoting Stake.us, accused of illegal gambling targeting youth. Filed in Missouri, the suit alleges fraudulent practices. #Breaking #Legal
SEC Warns Crypto Gambling Threaten Investments
Nigerian SEC warns gambling and crypto trading divert funds from capital markets, threatening $150B infrastructure investment. #Update #Finance
SEC Receives 21Shares $HYPE ETF Filing
21Shares has filed an S-1 with the SEC for a Hyperliquid (HYPE) ETF, highlighting growing interest in HYPE-based investment products. Asset managers like VanEck and Bitwise are also pursuing similar ETFs. #Update #ETF
OpenAI Stake Valued at $135B Amid Legal Pressures
Microsoft values its OpenAI stake at $135 billion amid legal scrutiny over Azure’s alleged monopolization. The partnership allows OpenAI to work with third-party developers and pursue AGI independently. #Update #Legal
Beijing Court Sentences Five for $166M Fraud
A Beijing court sentenced five individuals for $166M in disguised foreign exchange transactions using $USDT to bypass China’s controls, highlighting ongoing enforcement against unauthorized currency transfers. #Update #Legal $USDT
Crypto.com Partners With Trump Media
Trump Media partners with @CryptoCom to launch Truth Predict, a prediction market platform. This follows Crypto.com’s regulatory setback in Nevada. #Update #Crypto
Circle’s Arc Testnet Launches with 100 Partners
Circle launched the public testnet for its Arc blockchain, a Layer-1 platform using $USDC as its native gas token, targeting institutions for stablecoin finance. #Update #Crypto $USDC
Microsoft Faces Lawsuit Over 365 Price Surge
Australia’s ACCC sues @Microsoft for allegedly misleading 2.7 million customers about cheaper Microsoft 365 plans amid Copilot integration price hikes. #Breaking #Legal
Bitcoin Boost: Pro-Crypto CFTC Chair Install
President Trump nominates pro-crypto Michael Selig as CFTC chair, potentially reshaping U.S. crypto regulation landscape. #Breaking #Crypto @CFTC
SEC Appoints Selig to Lead CFTC Nomination
President Trump has nominated Mike Selig to lead the U.S. Commodity Futures Trading Commission, crucial for shaping crypto regulations if confirmed by the Senate. #Update #Crypto $BTC $ETH