SEC and Ripple voluntarily dismiss appeals, ending 2020 lawsuit over XRP sales
The SEC and Ripple have officially ended their long-running 2020 lawsuit by voluntarily dismissing their appeals. The dismissal leaves in place a 2023 ruling that included $125 million in fines…
Celsius vs Tether lawsuit moves ahead in US court over $4 billion Bitcoin sale
Celsius claims Tether’s 2022 Bitcoin sale broke contract terms. Over 39,500 BTC were liquidated at $20,656 average price. Claims include breach of contract and fraudulent transfer. Celsius Network’s efforts to…
Genius Group to split $1B lawsuit proceeds between shareholders and its Bitcoin treasury
Genius Group plans to split lawsuit wins between shareholder dividends and Bitcoin. The company is pursuing two lawsuits seeking over $1 billion in shareholder-related damages. Genius Group’s current BTC holdings…
Judge rejects Ripple and SEC’s joint bid to conclude XRP lawsuit
A US federal judge has denied Ripple and the SEC’s joint request to end the XRP case. Ripple must now appeal or accept the court’s partial ruling. Legal uncertainty around…
Strategy hit with lawsuit as Bitcoin holding tops $59B
The company’s total Bitcoin holdings now stand at 576,230 BTC. Average cost basis updated to $69,726 per Bitcoin. The lawsuit was filed by Pomerantz LLP in Virginia over alleged investor…
SEC to drop lawsuit against Kraken, ending a “wasteful, politically motivated campaign”
The SEC filed a lawsuit against Kraken in 2023 The agency argued that the platform was operating without conducting the proper registration Kraken said the SEC’s decision was a “turning…
Coinbase scores major win as SEC set to drop lawsuit
Coinbase says the SEC has agreed to dismiss its lawsuit against the US-based crypto exchange. The SEC sued Coinbase in 2023 but with Gary Gensler’s exit, the regulator is eyeing…
Investors withdraw appeal in Dogecoin lawsuit against Elon Musk
Plaintiffs have dropped their appeal in the Dogecoin lawsuit against Elon Musk. Judge Hellerstein in August ruled Musk’s public statements weren’t grounds for fraud claims. Both parties have withdrawn motions…
Coinbase faces legal setback as judge allows shareholder lawsuit to proceed
Judge allows parts of Coinbase’s shareholder lawsuit to proceed on negligence claims. Plaintiffs allege Coinbase misled about regulatory risks; some claims dismissed. Coinbase remains confident and committed to defending against…
Judge denies Kraken motion to dismiss SEC lawsuit
US District Judge William H. Orrick has ruled that the US Securities and Exchange Commission has a plausible case against crypto exchange Kraken. According to the judge, the SEC’s lawsuit…