Crypto Law And Legal

Sullivan & Cromwell has apologised to a federal judge after submitting a legal filing containing about 40 incorrect citations and errors linked to AI hallucinations.

New York Attorney General's Office has sued Coinbase and Gemini, alleging their prediction market products violate state gambling laws.

Anthropic has lost its initial legal bid to block the US Defense Department from labelling its products a national security supply chain risk.

A US court has dismissed a lawsuit by crypto developer Michael Lewellen seeking legal protection for his software from money transmitter laws, ruling there was no credible threat of prosecution.

An Indian court has granted bail to CoinDCX co-founders Sumit Surendra Gupta and Niraj Ashok Khandelwal, ruling that no prima facie case exists against them in a fraud complaint.

A California court has dismissed a Coinbase user’s attempt to block an IRS summons seeking his financial records, ruling the case failed on procedural grounds.

Arizona has filed 20 criminal charges against prediction market platform Kalshi, accusing it of operating an illegal gambling business and offering election wagering within the state.

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.