3AC liquidators file motion to hold Kyle Davies in contempt
Civil sanctions against 3AC co-founder Kyle Davies include an award of attorneys’ fees and a $10,000 daily fine until he is in compliance with a subpoena.
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Bittrex’s American Subsidiary to Enable Customer Withdrawals This Week (Report)
The US affiliate of the cryptocurrency platform Bittrex will reportedly allow user withdrawals on June 15. The upcoming permission comes a few days after US District Judge Brendan Shannon from…
US prosecutors say SBF will be tried on original 8 criminal charges — for now
DoJ lawyers said the decision came following litigation filed by the FTX co-founder in the Bahamas protesting the additional charges, which could be lengthy.
Requiring DEXes to register with SEC like other exchanges is ‘impossible’, says Coinbase CLO
“The SEC is attempting to front run Congressional action by baking unsupported assumptions about its crypto jurisdiction into the proposed rules," said Paul Grewal.
US senators propose bill to eliminate Section 230 protection for AI companies
The bipartisan bill purportedly seeks to hold companies accountable for harm, but it’s unclear whether Section 230 even applies to AI.
US lawmaker invokes SEC lawsuits in considering crypto regulatory framework
According to Rep. Maxine Waters, granting crypto firms provisional registration under a proposed framework "could reward bad actors with a ‘get out of jail free’ card".
SEC and Binance seek compromise on US assets freeze
Binance.US would have to transfer all U.S.-based assets to new wallets but would be allowed to pay its bills under a proposed consent order.
Bitcoin Spikes Toward $26.5K as US CPI Clocks 4% for May
The general estimations for the CPI and Core CPI numbers were at 4.1% and 5.2%, both of which were slightly different in reality. As a result, bitcoin reacted with an…
Hinman docs unsealed: SEC concerned over ‘Ether is not a security’ statement
Hinman risked contradicting himself over the statement Ether isn’t a security, unsealed SEC internal discussion documents show.
Binance.US hires former SEC enforcement official amid lawsuit: Report
Former SEC enforcement co-director George Canellos reportedly joins the Binance.US legal team as the firm faces challenges to keep its assets unfrozen.
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