A U.S. District Court has upheld claims by HBZ investors that the company acted fraudulently and also asserted that its token violated securities laws.
Category: Regulation News
SEC vs. Coinbase: New lawyer Patrick Kennedy joins fight
Lawyer Patrick Kennedy files a motion to appear pro hac vice in the Coinbase vs. U.S. SEC lawsuit for the Chamber of Digital Commerce.
FTX court filing reveals former Alameda CEO’s $2.5M yacht purchase
The payment to the American Yacht Group was disclosed under the category of payments benefiting any insider within one year prior to the crypto exchange […]
UK MPs call for global alliance to tackle AI misuse
The collaboration aims to collectively safeguard against actors, whether state-affiliated or not, who seek to misuse AI for their objectives.
Ripple legal team opposes SEC appeal over XRP decision
Lawyers argued the SEC’s grounds for an appeal was based on “dissatisfaction” with a July court decision that the XRP token did not largely qualify […]
Kentucky regulator denies plan for subsidizing crypto mining facility
A proposed contact with the Kentucky Power Company would have allowed Ebon International to receive a discounted rate for service at its crypto mining facility […]
UK’s Travel Rule comes into effect, could halt certain crypto transfers
The crypto Travel Rule, which came into effect on Sept. 1, aims to stop money laundering and terrorist financing activities carried out on-chain.
Former SEC chair says spot Bitcoin ETF approval is ‘inevitable’ despite delays
The commission has another 45 days to approve, deny, or delay spot Bitcoin exchange-traded fund applications from 7 major firms.
Onboarding crypto users in Africa vs. the West — Fonbnk founder Christian Duffus explains
Christian Duffus, founder of Fonbnk, believes a lack of basic infrastructure such as telecommunications is slowing down cryptocurrency adoption in Africa.
US regulators deny blocking AI chip exports to Middle East
The U.S. Department of Commerce denied blocking AI chip sales to the Middle East and remained silent about whether the requirements were only imposed on […]