BIS general manager Agustín Carstens stresses the importance of legal frameworks that protect CBDC users’ privacy and maintain monetary freedom.
BEN Token Plunges 30% as Crypto Influencer Ben Armstrong Apparently Arrested
Armstrong has had an apparent fallout with his former business partners, several tweets suggest.
SEC Counters Ripple in Effort to Appeal Groundbreaking XRP Ruling
Whether or not Ripple violated securities law in making XRP available to retail investors by putting it on crypto exchanges is absolutely a question that needs appeals court intervention, the U.S. Securities and Exchange Commission (SEC) argued Friday.
CFTC Goes After Opyn, Other DeFi Operations in Enforcement Sweep
The Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) operations – Opyn, Inc., ZeroEx (0x), Inc. and Deridex, Inc. – with offering illegal derivatives trading, according to a Thursday statement from the agency.
SEC’s Grayscale Court Rout Puts Agency in Will-They, Won’t-They Role Starring Gensler
The crypto industry’s campaign to set up exchange-traded funds (ETFs) has now pushed the U.S. Securities and Exchange Commission against a wall with Grayscale Investments’ consequential court win, but it’s still up to the agency to decide whether to retreat or keep fighting.
Sam Bankman-Fried’s Lawyers Given Green Light for Unlimited Prison Visits
The FTX founder’s lawyers will visit him in prison to prepare their defense after a judge denied Bankman-Fried’s request to have daily meetings at his lawyers’ Manhattan office.
Coinbase Earn Is Particularly Vulnerable to Being Defined as a Security: Berenberg
The crypto exchange is still faced with significant regulatory challenges, the report said.
Three Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi
A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims.
UK Law Commission recommends ‘distinct’ legal category for crypto
The U.K.’s Law Commission highlights four major recommendations to reform laws relating to cryptocurrency use and ownership.
SEC vs Coinbase Case Set for July 13 After Exchange’s ‘Creative’ Opening Response
The Securities and Exchange Commission (SEC) will present its response to Coinbase’s first legal defense, filed Thursday, on July 13, the court has ordered.
Crypto Community Donates $1M to Sleuth ZachXBT After Defamation Lawsuit
Backers include the likes of prominent crypto businesses and personalities such as Binance, CertiK and Justin Sun, among others.
OKCoin Accused by FDIC of Making False Claims About Customer Protections
OKCoin must scrub misleading statements that suggest its customers’ accounts are protected by the U.S. Federal Deposit Insurance Corp. (FDIC), the U.S. banking regulator ordered late Thursday, complaining the company is making false claims.
Ripple, SEC Seem to Agree About Not Taking Hinman Speech Seriously
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) seem to be on the same page about the documents known as the Hinman Emails: The former official’s past remarks shouldn’t govern current policy.
XRP Prices Jump as Hinman Speech Released in Ripple Labs Filing
Hinman suggested in his 2018 speech that bitcoin (BTC) and ether (ETH) were not securities, in his view.
Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors
The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.
EOS Network Participants Should Consider Legal Action Against Block.one: EOS Foundation CEO
EOS Network Foundation’s founder said the other option is a hard fork to exclude EOS tokens held by B1.
Florida’s DeSantis Waging Toothless Campaign Against Digital Dollars, Lawyers Say
The state-level campaign against a U.S. digital dollar made its first foray into established law with Governor Ron DeSantis’ signature on Florida’s effort to block the use of virtual government-backed money in business transactions.
Kraken’s Top Lawyer Says Signs of Progress in U.S. Congress Put SEC in Legal Bind
While the U.S. Securities and Exchange Commission (SEC) continues to rain enforcement fire onto the crypto industry, Kraken’s chief legal officer, Marco Santori, says a specific legal doctrine could undermine the regulator’s authority.
Judge Upholds Freeze on SpartacusDAO’s $35M in Lawsuit Served Via Discord, NFT
Activist investors are suing the leader of SpartacusDAO. He hasn’t shown up in court after ignoring multiple attempts to serve him.
Estate and Legacy Planning for Crypto Assets
Legacy and estate planning is crucial for cryptocurrency holders because, unlike traditional assets, cryptocurrencies are not regulated by centralized authorities, making it difficult for heirs to access them after the owner’s death. Proper planning can ensure that digital assets are successfully transferred to loved ones and beneficiaries.
