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Consensys Files Lawsuit Against SEC Over Ethereum Regulation

Consensys Files Lawsuit Against SEC Over Ethereum Regulation

Consensys has taken legal action against the U.S. Securities and Exchange Commission (SEC). The lawsuit, filed on Thursday, aims to stop an impending SEC crackdown on Consensys’ MetaMask wallet and seeks a crucial ruling on the classification of Ethereum’s native token, Ether. Consensys Challenges SEC’s Stance The filing asserted, “The U.S. Securities and Exchange Commission’s […]

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Coinbase Files Appeal Over ‘Investment Contracts’ in SEC Battle 

Coinbase Files Appeal Over ‘Investment Contracts’ in SEC Battle 

On April 12, Coinbase’s legal counsel filed a brief asking the court’s permission to seek an interlocutory appeal in its case. The controlling question was whether an “investment contract” requires something contractual. Coinbase believes it does, whereas the SEC disagrees. An interlocutory appeal occurs when a ruling by a trial court is appealed while other

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Grayscale Files For ‘Mini’ Bitcoin Spot ETF To Stop GBTC Bleed

Grayscale Files For ‘Mini’ Bitcoin Spot ETF To Stop GBTC Bleed

Last updated: March 12, 2024 18:45 EDT | 2 min read Source: DALL·ECrypto management firm Grayscale has hatched a plan to stop its rapidly accelerating asset bleed – and it involves launching a brand new Bitcoin spot ETF. The Grayscale Bitcoin Mini Trust (BTC) – as filed for with the SEC on Tuesday – will

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FTX Files Amended Plan to Pay Creditors Amid Soaring Legal Expenses

FTX Files Amended Plan to Pay Creditors Amid Soaring Legal Expenses

On Dec. 18, it was reported that FTX had filed its latest proposal to return billions of dollars to its customers and creditors. Moreover, the plan did not indicate whether the exchange would be restarted. It will be sent to creditors for a vote before being submitted to court for final approval. The payout plan

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Safemoon Files for Chapter 7 Bankruptcy Month After SEC Charged Founders With Fraud

Safemoon Files for Chapter 7 Bankruptcy Month After SEC Charged Founders With Fraud

Source: Pixabay Decentralized finance protocol SafeMoon has officially filed for Chapter 7 bankruptcy protection in the face of mounting allegations of fraud and mismanagement. The company’s founders Kyle Nagy, Thomas Smith, and Braden Karony, accused of misleading investors, are facing a $200 million SEC lawsuit for securities fraud. The bankruptcy filing comes after a tumultuous

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Genesis Files $689 Million Lawsuit Against Gemini to Recover ‘Preferential Transfers’

Genesis Files $689 Million Lawsuit Against Gemini to Recover ‘Preferential Transfers’

Genesis Global Capital, a cryptocurrency lender, has filed a lawsuit against its former business partner, Gemini Trust, seeking the recovery of over $689 million. The court filing, made late on Tuesday, alleges that Gemini engaged in ‘preferential transfers’ totaling approximately $689,302,000 from Genesis. Genesis and Gemini Clash in Legal Battle The lawsuit contends that these

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Grayscale Files for Fresh Spot Bitcoin ETF on NYSE Arca

Grayscale Files for Fresh Spot Bitcoin ETF on NYSE Arca

Grayscale has submitted a fresh application to the Securities and Exchange Commission (SEC), aiming to establish one of the first spot Bitcoin exchange-traded funds (ETFs) in the United States through its Grayscale Bitcoin Trust. The filing revealed that Grayscale intends to list Grayscale Bitcoin Trust shares on the New York Stock Exchange (NYSE) Arca. Issuers

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