The United States Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, accusing it of operating as an unregistered securities exchange, broker, dealer, and clearing agency. This legal action is part of SEC Chair Gary Gensler’s efforts to assert the agency’s jurisdiction over the crypto industry. The SEC claims that Kraken […]
BlockFi, a cryptocurrency lending company, has resumed allowing eligible clients in the United States to withdraw their digital assets. This comes after a court directive and is a significant development in the ongoing bankruptcy proceedings. However, the resumption of withdrawals only applies to US-based holders of BlockFi Wallets who meet specific conditions outlined in the […]
The Blockchain Association is once again supporting six plaintiffs in their legal battle against the U.S. Treasury Office of Foreign Assets Control (OFAC) over sanctions on Tornado Cash. In a recent amicus curiae brief, the blockchain advocacy group argued that OFAC’s decision to sanction the privacy-centric cryptocurrency mixer not only raised legal questions but also […]
The Securities and Exchange Commission (SEC) has filed a lawsuit against Kraken, a prominent cryptocurrency exchange, accusing it of operating without proper registration as a securities exchange. This development has caused significant disruption within the crypto space, particularly in light of the recent Binance-DoJ situation.Kraken, based in San Francisco, has strongly defended its operations, arguing […]
Kraken, one of the largest cryptocurrency exchanges, is facing legal action from the U.S. Securities and Exchange Commission (SEC) for allegedly operating as a securities exchange without proper registration. The SEC claims that Kraken failed to meet the registration requirements for being a securities exchange, broker, dealer, and clearing agency. The lawsuit argues that many […]
Disgruntled consumers have filed a class-action lawsuit against Apple, accusing the tech giant of engaging in anti-competitive practices. The lawsuit alleges that Apple conspired with PayPal’s Venmo and Block’s Cash App to limit peer-to-peer payment options and block decentralized cryptocurrency technology from iOS payment apps. According to the complaint, these agreements have resulted in inflated […]
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, accusing the company of violating securities laws and commingling customer funds with corporate assets. The SEC claims that Kraken has been operating as an unregistered securities exchange, broker, dealer, and clearing agency since 2018. The lawsuit alleges that Kraken unlawfully […]
The Blockchain Association has expressed its support for six plaintiffs who are suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on Tornado Cash, a cryptocurrency mixer. In a recent amicus curiae brief, the crypto advocacy group argued that OFAC’s decision to sanction the privacy protocol was not only unlawful […]
Binance Holdings, one of the largest cryptocurrency platforms, is currently in talks with the U.S. Justice Department (DOJ) to settle allegations of criminal activities. The settlement amount being discussed could exceed $4 billion, making it one of the largest penalties in the history of the cryptocurrency industry. The allegations against Binance include money laundering, bank […]
The U.S. Securities and Exchange Commission (SEC) has filed charges against cryptocurrency exchange Kraken for operating an unregistered securities exchange, broker, dealer, and clearing agency. The SEC alleges that Kraken has generated hundreds of millions of dollars in revenue since 2018 by facilitating the purchase and sale of securities without registering with the SEC, which […]
