News

Tumultuous Legal Battle: EMAX Investors Granted Final Chance to Pursue Celebrities in Crypto Promo Suit

EMAX investors have been given a final opportunity to amend their claims against celebrities accused of promoting the now-defunct cryptocurrency EthereumMax (EMAX), according to a recent court order issued by United States District Court Judge Michael Fitzgerald on October 3rd. The class-action lawsuit was initially filed against prominent figures such as boxer Floyd Mayweather, NBA […]

News

Crypto Exchange FTX Founder Barred from Blaming Legal Counsel in Opening Trial Statement, Judge Rules

Judge Lewis Kaplan issued an order stating that Bankman-Fried’s emphasis on implicating FTX’s lawyers in certain company decisions carries the potential to confuse or prejudice the jury. The judge expressed concerns about the risk of confusion and unfair prejudice to the government if the defendant were to focus on the presence or involvement of lawyers […]

Cryptocurrency Regulations

Shaping Crypto Transparency: US Bill Proposes Reporting Off-Chain Transactions

On September 28, U.S. Representative Don Beyer introduced the “Off-Chain Digital Commodity Transaction Reporting Act,” which mandates trading platforms to report all transactions to a repository registered with the Commodity Futures Trading Commission (CFTC). The new legislation aims to protect cryptocurrency investors from disputes, manipulation, or fraud potentially arising from transactions occurring off-chain or beyond […]

Cryptocurrency Regulation

Navigating the Future: SEC’s Review of Spot Bitcoin ETFs Unveiled

On September 28, the U.S. Securities and Exchange Commission (SEC) filed several documents related to pending spot Bitcoin exchange-traded funds (ETFs). These filings serve as orders that initiate proceedings through which the SEC will determine whether to approve or reject proposed rule changes. If these rule changes are approved, it could pave the way for […]