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SEC to drop lawsuit against Kraken
Latest Lawsuit News
News
The Oregon Attorney General filed a lawsuit against Coinbase that echoes the SEC’s lawsuit from 2023. The lawsuit, just like the SEC’s prior suit, alleges that the cryptocurrency exchange operated as an unregistered securities platform and offered staking services without…
News
Crypto wallet provider Phantom is facing a lawsuit after an alleged security flaw allowed hackers to steal over $500,000 worth of Wiener Doge memecoin tokens. The complaint, filed on Apr. 14 in New York by attorney Thomas Liam Murphy and…
SUI
Sui
News
Tron founder Justin Sun took to X to continue accusing First Digital Trust, a Hong Kong-based crypto custodian and issuer of the FDUSD stablecoin, of orchestrating a $500 million embezzlement scheme. In a lengthy post on X, Sun continued his…
News
The U.S. Department of Justice is disbanding the National Cryptocurrency Enforcement Unit, citing its ‘reckless strategy’ in prosecuting crypto firms in the previous administration. According to a recent report by Fortune, a four-page memo issued by U.S. Deputy Attorney General…
News
Crypto attorney James A. Murphy, known online as “MetaLawMan,” has filed a lawsuit against the U.S. Department of Homeland Security. This lawsuit seeks documents that may disclose the identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin (BTC). Filed in…
BTC
Bitcoin
News
Genius Group, an AI-driven education company, announced it must sell its Bitcoin holdings after a U.S. court order blocked the company from selling shares, raising funds, or purchasing Bitcoin. The U.S. District Court for the Southern District of New York…
BTC
Bitcoin
News
Coinbase has filed a motion in the D.C. District Court to resume its Freedom of Information Act lawsuit against the Federal Deposit Insurance Corporation. The exchange alleges that the FDIC continues to withhold crucial documents and is not fully cooperating…
News
Ripple has agreed to drop its appeal against the U.S. Securities and Exchange Commission, according to Ripple chief legal officer Stuart Alderoty. Just days after the SEC dropped its case against XRP (XRP) creator Ripple, the company has confirmed it…
XRP
XRP
Markets
XRP price rallied on Wednesday after Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission will drop its appeal in the lawsuit against the firm. XRP posted a double-digit rally following the announcement after Garlinghouse’s tweet on…
News
Infini Labs, a crypto-focused neobank, has filed a lawsuit against an engineer it accuses of embezzling nearly $50 million from the platform. The stablecoin digital bank accuses Chen Shanxuan of retaining “super admin” authority as the crypto platform’s smart contract…
USDC
USDC
News
Gotbit founder Aleksei Andriunin’s plea agreement would require him to forfeit around $23 million in stablecoins. If approved, he could avoid prison time and additional fines. Andruinin and the U.S. Attorney for the District of Massachusetts have reached a plea…
News
Telegram founder Pavel Durov, detained in France since last August, was granted temporary permission to leave the country for Dubai. Agence France Presse (AFP) first reported the news on Saturday. Shortly afterward, the cryptocurrency market reacted. Toncoin (TON), the digital…
News
The U.S. SEC has agreed to dismiss its lawsuit against cryptocurrency exchange Kraken. Kraken announced that the U.S. Securities and Exchange Commission plans to dismiss the case with prejudice, meaning the agency cannot bring the same claims again. As a…
News
The U.S. SEC has dropped its case against Ethereum software developer Consensys in another regulatory win for the digital asset industry.
News
Nigeria’s Federal government has launched another lawsuit against Binance amid a tussle over alleged illegal operations and unpaid taxes.
News
Former South Korean lawmaker known for the Coin Gate scandal, Kim Nam-guk, has been declared ‘not guilty’ of all charges by court. According to a report from local media News1, a Seoul Southern District Court judge found Kim “not guilty”…
