Category: Law of the Chain
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US Lawmakers Kick Off ‘Crypto Week’: What You Need To Know
US House Republicans designate ‘Crypto Week’ to vote on three key digital asset bills: GENIUS Act for stablecoins, Anti-CBDC Surveillance Act, and CLARITY Act for market structure, exposing party divisions.
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Tornado Cash’s Roman Storm makes urgent plea for $500K as trial looms
Tornado Cash co-founder Roman Storm urgently seeks $500K for legal defense ahead of his money laundering trial, with total costs estimated at $3.5 million. Supporters have raised 57% so far.
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Nobody Holds Up Ripple vs SEC Case, Says Lawyer
Former SEC lawyer Marc Fagel clarifies that the Ripple vs SEC case is progressing normally, with no delays from the judge or SEC. Dismissal of appeals is expected within 1-2 months.
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Tornado Cash’s Roman Storm Alleges DOJ Botched Key Telegram Evidence – Decrypt
Tornado Cash co-founder Roman Storm’s defense alleges DOJ misrepresented Telegram evidence, lacking proper metadata, potentially misleading the grand jury in his money laundering case.
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Collapsed UK Crypto Firm Ziglu Reveals $2.7M Shortfall, Imperiling Investors – Crypto News Bitcoin News
UK crypto firm Ziglu collapsed with a $2.7M shortfall, risking investor losses. Administrators allege management misused customer funds, worsening the financial crisis.
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NFT lawsuit against Dolce & Gabbana in doubt as US arm cleared
A US court dismissed a class-action lawsuit against Dolce & Gabbana USA over its parent company’s abandoned NFT project, ruling the US arm wasn’t liable for the Italian firm’s alleged $25M NFT scheme failures.
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BOE Governor Warns Private Stablecoins Pose Financial Instability
BOE Governor Andrew Bailey warns private stablecoins risk financial instability, preferring tokenized bank deposits. He opposes CBDCs, advocating for digitized deposits instead as stablecoin market grows.
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India Probes Binance Over Crypto Transfers From Pakistan – News Bytes Bitcoin News
India’s FIU investigates Binance and crypto wallets over suspected illicit transfers from Pakistan, focusing on potential security threats and cross-border financing networks.
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Ripple CEO Urges Congress to Pass Swift Legislation for Explosive Crypto Growth – Regulation Bitcoin News
Ripple CEO Brad Garlinghouse urges U.S. Congress to pass swift crypto legislation to foster growth, ensure consumer protection, and solidify America’s global blockchain leadership.
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Bank of England governor warns against private stablecoin issuance
Bank of England governor Andrew Bailey warns against private stablecoin issuance, citing systemic risks to financial systems and loss of currency control. He advocates for tokenizing deposits instead.
