Crypto Law And Legal

The US Securities and Exchange Commission has dismissed its case against BitClout founder Nader Al-Naji, ending a civil action tied to $257 million in alleged unregistered securities sales.

US prosecutors have urged a federal judge to reject Sam Bankman-Fried’s request for a new criminal trial, arguing the former FTX chief failed to meet the legal standard required for a retrial.

JPMorgan Chase is facing a class-action lawsuit accusing the bank of allowing a $328 million cryptocurrency Ponzi scheme to operate through its banking infrastructure.

A US federal court in Alabama dismissed significant portions of a lawsuit accusing Binance, Binance.US and former CEO Changpeng Zhao of facilitating crypto transfers to terrorist groups.

Prediction market platform Kalshi has filed a lawsuit against Iowa regulators, claiming there is a substantial risk the state could bring enforcement action against its sports event contracts.

A US federal court has ordered that more than 94,000 Bitcoin seized in connection with the 2016 hack of Bitfinex be returned to the exchange, marking a major restitution decision for the crypto industry.

Anthropic has filed a federal lawsuit against the administration of Donald Trump after the government labeled the company a national security “supply chain risk” and barred Pentagon contractors from working with it.

A Coinbase shareholder has filed a derivative lawsuit against several of the crypto exchange’s executives and board members, alleging oversight failures that exposed the company to regulatory penalties and legal risks.

The U.S. Securities and Exchange Commission has moved to partially resolve its enforcement case against crypto entrepreneur Justin Sun, proposing a settlement that would see BitTorrent owner Rainberry pay a $10 million civil penalty.

Police in South Korea have arrested individuals allegedly paid in cryptocurrency to carry out “private revenge” attacks involving vandalism, threats and the spreading of food and human waste.

The US Supreme Court declined to hear a case seeking copyright protection for artwork created entirely by artificial intelligence, leaving intact rulings that limit US copyright to works authored by humans.

Republican and Democratic senators have publicly rejected imprisoned FTX founder Sam Bankman-Fried’s support for the proposed Clarity Act crypto market structure bill.