Tag lawsuit
State Attorneys General Challenge SEC’s Lawsuit Against Kraken
Key Takeaways A group of state attorneys general has challenged the U.S. Securities and Exchange Commission (SEC) over its lawsuit against crypto exchange Kraken, contending that the SEC overstepped its jurisdiction. The state AGs argued that the SEC’s legal action…
Binance Faces $10B Damages Demand as Nigerian Naira Removed from P2P Platform
Kraken Seeks Dismissal of SEC Lawsuit, Cites Concerns Over Regulatory Overreach
Lejilex and CFAT Challenges SEC’s Crypto Authority in Legal Dispute
Court Rules Against Crypto Exchange Block Earner, ASIC Wins Case
Key Takeaways Block Earner, a startup in the fintech space, found itself entangled in legal proceedings after offering consumers its Earner product from March 2022 to November 2022, promising fixed yield returns from various crypto-assets. However, a recent ruling by…
SEC Moves to Dismiss Lawsuit Against DEBT Box After Acknowledging Mistake
Key Takeaways In a recent development, the Securities and Exchange Commission (SEC) has expressed its intention to dismiss the lawsuit against crypto startup DEBT Box. The decision comes after the SEC admitted to making inaccurate statements during court proceedings. The…
Binance and SEC Lawyers Clash: Intense Arguments Over Crypto as Security
Abra Settles Lawsuit, Investors Can Access $13M in Frozen Crypto
Key Takeaways Cryptocurrency lending platform Abra has resolved a legal dispute with the Texas State Securities Bureau (TSSB), paving the way for over 12,000 investors to withdraw approximately $13 million worth of previously frozen cryptocurrency. The settlement, which concluded on…
Coinbase and SEC Face Off in High-Stakes Legal Battle
Key Takeaways The highly-anticipated legal clash between cryptocurrency exchange Coinbase and the U.S. Securities and Exchange Commission (SEC) unfolded in a federal court, where Coinbase seeks the dismissal of a lawsuit filed by the SEC in June 2023. The regulatory…