Bitcoin: Treasury Scraps Crypto Surveillance Rules
FinCEN withdraws proposed rules on crypto wallets and mixers, removing compliance threats to self-custody and privacy tools. #Update #Crypto
Legal
SEC Targets Binance in $2B Crackdown
The Independent Community Bankers of America sued the OCC over crypto trust bank regulations, questioning its authority. #Update #Legal
Binance Tokens Delayed: What to Do
Michael Handelsman discusses legal steps if a crypto project delays token delivery under agreements like SAFT. Review contracts and evidence before pursuing claims. #Update #Legal
Libra Class Action Against Kelsier Dismissed
Judge dismisses class action against Libra token, promoted by Argentine President Milei; over 44K investors affected by insider dump lack US legal recourse. #Update #Legal
CFTC Defines Event Contracts as Swaps
The CFTC submitted two rules to the White House on Sept. 28 to redefine swaps, including event contracts and excluding casino-style gambling, impacting regulatory jurisdiction. Legal
SEC Targets 3 Platforms in Probe
Rep. Comer demands trading records from @Hyperliquid, @cryptocom, and Predictit amid insider trading probe involving $150M profit from a $1.1B short. #Breaking #Legal
SEC Blocks Kalshi in Two-State Defeat
The Sixth Circuit ruled against @Kalshi, allowing Ohio and Tennessee to enforce gambling laws on its prediction markets. Pending Maryland decision in Fourth Circuit. #Update #Legal
Brazil Bans Online Betting Pre-Election
Brazil bans online betting and casinos, affecting 85 license holders with no refunds on $492M fees; potential legal challenges expected. Companion bill targets crypto payments. #Breaking #Legal
Bitcoin Firm Blockstream Faces $6.7M Lawsuit
River Financial sues Blockstream Services Canada ULC for $6.7M; Blockstream Corp clarifies separation since mid-2024 amid Liquid Network breach investigation. #Update #Legal
Layerzero Faces $292M Legal Battle
Evercrest Technologies Inc. sues LayerZero Labs over $292M rsETH bridge exploit; LayerZero CEO calls claim “meritless.” Aave faces up to $230.1M in bad debt. #Breaking #Legal @LayerZero_Labs
Curacao Casino Secrets Leak Sparks Backlash
Public documents from Curaçao’s gambling regulator reveal casino licensing details; @Softswiss denies operating casinos, disputes network claims. #Update #Legal
Bitcoin Lawsuit Targets UK Crypto Influencers
X Corp. sues UK crypto influencers for $277,000 fraud, pivots to original content model; accounts with Community Notes lose monetization eligibility.
Blockchain Reveals Polymarket Users to Police
Police booked 26 Polymarket users in Korea for gambling, using blockchain analysis to identify traders; 18 referred to prosecutors. Investigation ongoing. #Update #Legal
Brazil Bans Online Casinos by Decree
Brazil plans to ban online casino games via decree, risking $194.9M in football sponsorships and $5.8M operator licenses; measure faces legal challenges.