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” Judge refuses to consolidate class-action lawsuits against FTX “ A federal judge has refused to consolidate several proposed class-action lawsuits against the FTX exchange by investors. According to the judge, the exchange and its defendants have not yet been heard. Excerpt from the order denying the motion to consolidate. Source: Law360 On March 8,…
” CFTC continues to explore digital asset policy considerations in MRAC meeting “ The United States Commodity Futures Trading Commission, or CFTC, was a part of discussions on a regulatory framework for digital assets as well as use cases for blockchain technology. In a March 8 meeting of the CFTC’s Market Risk Advisory Committee, commissioners,…
” Lawyers picnic: FTX counsel and advisors rake in $34M in January “ The law firms, investment banks and consulting companies working with FTX on its bankruptcy case billed the crypto exchange a combined $34.18 million in January, court documents reveal. FTX’s chief restructuring officer and new CEO, John J. Ray III, also received a…
” Mt. Gox creditors have until March 10 to register and choose repayment method “ Creditors from Mt. Gox have until the end of the week to register and select a repayment method as part of the plan by which they will be compensated for their losses with the defunct crypto exchange. In a March…
” US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements: Report “ A group of United States lawmakers is reportedly planning to reintroduce legislation to change the reporting requirements for certain taxpayers involved in crypto transactions. According to a March 7 report from Punchbowl News, Representatives Patrick McHenry and Ritchie Torres plan…
” DAO gets legal recognition in the US as Utah DAO Act passes “ The Utah State Legislature passed Act HB 357, the Utah Decentralized Autonomous Organizations Act (Utah DAO Act). This new law provides legal recognition and limited liability to DAOs, legally framing them as “Utah LLDs.“ The act resulted from combined efforts between…
” ‘Home’ regulator could solve crypto’s ‘fragmented supervision’ issue: Comptroller “ Cryptocurrency firms operating multiple entities in different countries should be overseen by one consolidated “home” regulator to stop them from playing “games” aimed at skirting regulators, the acting head of the United States banking regulator has opined. Michael Hsu, the Acting Head of the…
” SEC accuses Utah firm of ‘fraudulent’ $18M crypto mining scheme “ Software and crypto mining equipment offered by the Utah-based Green United LLC was part of an $18 million “fraudulent scheme” that never mined the crypto it said it would, according to allegations by the United States Securities and Exchange Commission (SEC). The regulator…
” Hermès asks court to halt sales of MetaBirkin NFTs following recent jury decision “ Hermès International, the French luxury fashion house, has requested a Manhattan federal court to block artist Mason Rothschild from marketing or owning his “MetaBirkin” non-fungible tokens (NFTs) following a recent jury decision that found Rothschild had violated Hermes’ trademark rights…
” US trustee appeals FTX bankruptcy judge’s ruling to deny appointment of independent examiner “ Lawyers for Andrew Vara, the United States Trustee representing the interests of the Department of Justice in crypto exchange FTX’s bankruptcy proceedings, has filed an appeal against a federal judge’s denial of a motion appointing an independent examiner in the…