Bradley Sostack, a lawyer who is well-known for his support of the Ripple cryptocurrency, recently revealed that he has begun buying cryptocurrency, opting to invest in Bitcoin following the recent news regarding Ripple’s case with the SEC.
The trial of Sam Bankman-Fried, a prominent financier, began this week. The case focuses on various financial improprieties, and will decide whether Bankman-Fried is found guilty or not guilty of the charges.
Circle, a crypto finance firm, has intervened in the US SEC’s case against Binance, arguing that its stablecoins are not securities. Circle goes on to say that stablecoins benefit customers and the crypto economy as a whole.
The US Department of Justice has criticized a proposal by tech entrepreneur Sam Bankman-Fried to use an intrusive set of jury questions, saying it is “troubling” and “not consistent” with American trial procedures.
Sam Bankman-Fried’s trial is set to begin this month, with multiple charges stemming from alleged securities and tax violations. With a slew of important dates and legal proceedings on the horizon, it’s essential to stay up to date on this high-profile case.
Binance US’s Head of Legal and Chief Risk Officer are both reportedly leaving the cryptocurrency exchange, according to The Wall Street Journal. The departures come as the US arm of the crypto exchange seeks to expand its offerings in America.
LBRY Inc has announced its intent to appeal a ruling by a U.S. District Court which ruled that the company’s digital token sale was in violation of federal securities law. CEO Jeremy Kauffman stated that the judgement was ‘unjust and incorrect’ and must be overturned in the interest of justice.
Sam Bankman-Fried, a founder of crypto asset exchange FTX, awaits a ruling from a three-judge panel on his motion for pretrial release. If released, Bankman-Fried would face additional charges stemming from a December 2020 charge of failing to register as a money services business.
El Salvador has marked two years since the world’s first national law recognizing Bitcoin as legal tender. President Nayib Bukele celebrated the milestone, saying it had “secure[d] economic inclusion & financial sovereignty for the people of El Salvador”.
Grayscale, a digital asset investment firm, has scored a major legal victory against the U.S. Securities and Exchange Commission, making it more probable that a Bitcoin-based ETF will receive approval. JPMorgan strategists have concluded that the decision will give the SEC greater confidence in Digital Assets.