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At least 30 tech and crypto founders were reportedly “secretly debanked” in the US during Operation Chokepoint 2.0. Some US government agencies continue to deny transparency regarding their role in Operation Chokepoint 2.0, a period during the Biden administration when crypto and tech founders were allegedly denied banking services, according to Coinbase chief legal officer…
Following the successful campaign to free Silk Road founder Ross Ulbricht, industry executives have turned their attention to Roger Ver. Ethereum co-founder Vitalik Buterin has joined calls to free early crypto investor and entrepreneur Roger Ver, who is locked in a legal battle with the United States Department of Justice (DOJ) over alleged tax evasion…
A US judge tossed the SEC’s case against Hex founder Richard Heart, stating it couldn’t decide whether he defrauded investors of $12.1 million because the US lacked jurisdiction. A district court judge has dismissed the US securities regulator’s lawsuit accusing Hex founder Richard Heart of raising over $1 billion through unregistered crypto offerings and defrauding…
Only the altcoins with potential ETF approvals and solid revenue-generation models will outperform the crypto market in 2025. Tether’s competitors are exerting increasingly more pressure to push the world’s largest stablecoin issuer out of the crypto market, including political pressure aimed at reducing the firm’s leading market share. In the wider crypto markets, analysts are…
Given Generative AI is very good at interpreting dense texts, it’s been a boon for startups attacking one of the most complex sets of texts there is: the law. We’ve thus seen an explosion of legal tech, supercharged by AI, in the last year or so. Lawtech startup Eudia bagged $105 million only last week. …
The committee’s report recommends imposing lower initial limits on the value of retail digital pounds to alleviate the risk of potential bank runs amid market instability. <p>British legislators are urging a careful stance regarding implementing a retail digital pound. Members of the Treasury Select Committee have expressed reservations regarding the possible launch of a retail…
Though many filings in the SEC case were made under seal, Judge Jed Rakoff reportedly suggested that nothing would remain confidential should the matter go to trial. <p>Lawyers representing the United States Securities and Exchange Commission and Terraform Labs and co-founder Do Kwon sparred in court over information provided by a whistleblower in the securities…
Stéphanie Cabossioras is at least the tenth senior executive to depart the crypto exchange this year. Stéphanie Cabossioras has stepped down from her role as the executive director of Binance France, becoming at least the 10th senior executive to leave Binance this year. In an Oct. 19 post on X (formerly known as Twitter), Binance…
Ohio Representative Jim Jordan, the Republican Party’s nominee for Speaker, won the support of 200 of his colleagues in an Oct. 17 vote — below the 217 needed to hold the position. North Carolina Representative Patrick McHenry, chair of the United States House Financial Services Committee and crypto proponent in Congress, is still temporarily in…
The lawyer representing Ryder Ripps and Jeremy Cahen struggled to convince a panel of judges that Yuga Labs’ case against his clients should be thrown out under California’s anti-SLAPP statute. Nonfungible token (NFT) artist Ryder Ripps’ most recent attempt to dismiss the Bored Ape Yacht Club-related lawsuit against him appears to have fallen on skeptical…