A US court has dismissed a class action lawsuit against Uniswap, a crypto platform. The suit alleged that users lost money in scam tokens on the platform, but the judge ruled that the software provider cannot be held liable for crimes committed by third parties.Judge Katherine Polk Failla of the US District Court for the […]
The SEC is facing mounting legal setbacks in its case against Ripple and Coinbase, potentially signaling a shift in the regulatory landscape for cryptocurrencies. Ripple’s Chief Legal Officer, Stuart Alderoty, has commented that recent court rulings show the SEC’s approach as “arbitrary and capricious.” This sentiment was echoed in the recent Grayscale Bitcoin ETF case, […]
Bloomberg has raised the odds of a Bitcoin ETF gaining approval to 75% by the end of 2023 and 95% by 2024, following Grayscale’s legal win against the U.S. Securities and Exchange Commission (SEC). The SEC is now expected to make ‘first deadline’ decisions on seven major Bitcoin ETF applications from industry giants like BlackRock, […]
The United States District Court for the Southern District of New York has dismissed a class action lawsuit against Uniswap, its CEO, and its venture capital backers. The suit was brought by six individuals who bought what they alleged were scam tokens on Uniswap between December 2020 and March 2022. The plaintiffs claimed they lost […]
The United States could be seeing a resurgence in the crypto industry after several rulings this year have seen court judges “rein in the SEC,” according to a digital asset lawyer from K&L Gates. Jeremy McLaughlin, a partner at the global law firm, noted that multiple U.S. court cases have challenged the Securities and Exchange […]
Grayscale Investments CEO Michael Sonnenshein recently described the US appeals court’s decision to overturn the Securities and Exchange Commission’s (SEC) block of his firm’s proposed spot Bitcoin exchange-traded fund (ETF) as a “huge win” for the digital-assets industry. This ruling has rekindled hopes for the launch of the first US ETF that would invest directly […]
Binance, one of the world’s largest cryptocurrency exchanges, is set to expand its services in Japan. The Japanese subsidiary of Binance will reportedly provide trading services with additional digital currencies in the near future. The crypto behemoth re-entered the Land of the Rising Sun earlier this summer after departing in 2018 due to regulatory problems.According […]
Vivek Ramaswamy, a United States presidential candidate, has praised Grayscale’s recent victory over the federal securities regulator, arguing that it will help keep Bitcoin and blockchain innovation from going overseas. Ramaswamy believes that the U.S. courts have become a last line of defense to keep cryptocurrency innovators in the country, and that the decision will […]
The US Securities and Exchange Commission is set to make a decision on the first of seven applications to launch spot Bitcoin ETFs on Thursday. The SEC has been hesitant to approve a spot ETF application because it believes the Bitcoin market is prone to price manipulation. However, Bloomberg ETF analyst James Seyffart believes the […]
A United States District Court judge has declared Ether (ETH) and Bitcoin (BTC) as “crypto commodities” in her dismissal of a class action lawsuit against the decentralized exchange Uniswap. Judge Katherine Polk Failla, who is also overseeing the SEC lawsuit against Coinbase, dismissed the case brought by Uniswap users who claimed they lost money due […]
