litigation
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Impact of the Ripple-SEC Settlement on the Crypto Industry
Read More: Impact of the Ripple-SEC Settlement on the Crypto IndustryOn August 7, 2025, the SEC and Ripple Labs concluded their legal dispute, dismissing appeals related to the classification of XRP sales. The joint stipulation reflects a mutual decision to avoid further litigation. This case has implications for crypto regulation, offering insights on token classification and the limits of enforcement. Ripple can now operate without…
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Roman Storm’s Tornado Cash Verdict: What It Means for Crypto
Read More: Roman Storm’s Tornado Cash Verdict: What It Means for CryptoOn August 6, 2025, Roman Storm, co-founder of Tornado Cash, received a mixed verdict from a federal jury, convicting him only of operating an unlicensed money transmitting business. Major charges for money laundering and sanctions evasion resulted in a deadlock, raising questions on the legal liability of software developers in crypto.
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Understanding the ASIC v Wallet Ventures Decision on Digital Assets
Read More: Understanding the ASIC v Wallet Ventures Decision on Digital AssetsOn July 24, 2025, the Full Federal Court of Australia dismissed the ASIC appeal in ASIC v Wallet Ventures Pty Ltd, affirming that Finder Wallet’s “Finder Earn” does not qualify as a “debenture” under the Corporations Act 2001, thus exempting it from licensing. This ruling impacts regulatory clarity for crypto-asset products.
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California’s First DFAL Crypto Enforcement: Coinme’s Case Explained
Read More: California’s First DFAL Crypto Enforcement: Coinme’s Case ExplainedOn June 25, 2025, the California DFPI enforced the Digital Financial Assets Law against Coinme, Inc. for violating transaction limits and disclosure requirements. Coinme must pay $51,700 in restitution and a $300,000 penalty while complying with new regulations. This marks increased scrutiny in the crypto sector aimed at consumer protection.
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SEC Crypto Litigation Releases: November 2024
Read More: SEC Crypto Litigation Releases: November 2024In November, the SEC charged Eng Taing and Touzi Capital with a $115 million securities fraud, misleading investors about crypto mining and debt rehabilitation investments. Funds were misused for personal gains while false profitability claims were made. The SEC seeks penalties and a ban on Taing, reinforcing the need for compliance in crypto markets.
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Can DAOs Be Sued? Insights from Lido’s Recent Case
Read More: Can DAOs Be Sued? Insights from Lido’s Recent CaseAccording to a recent decision from the US District Court for the Northern District of California, decentralized autonomous organizations, or DAOs, may not provide the liability protection the industry once thought. In a seminal case, a Federal Court in California ruled that, despite the governing body being a DAO, several prominent investment firms may in…
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A New Frontier for Crypto: Court Authorizes Service of Process Through NFT Airdrop
Read More: A New Frontier for Crypto: Court Authorizes Service of Process Through NFT AirdropIn a landmark decision highlighting the unique aspects of blockchain technology and crypto, an S.D.N.Y. Bankruptcy Judge ruled in favor of Celsius’s motion for alternative service, whereby Celsius sought to provide legal service by airdopping non-fungible tokens (NFTs) to anonymous defendants’ digital asset wallets. In the wake of the cryptocurrency exchange’s insolvency, its bankruptcy estate…
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FTX Targets Binance and CZ with $1.8 Billion Clawback
Read More: FTX Targets Binance and CZ with $1.8 Billion ClawbackCrypto mogul Changpeng Zhao—notoriously known as “CZ”—may be out of prison, but he’s not out of hot water yet. The bankruptcy estate of former-leviathan FTX has filed suit against Binance and its ex-CEO, CZ, seeking to recoup nearly $1.8 billion in allegedly fraudulent transfers. In a court filing out of Delaware, FTX called attention to…
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SEC Crypto Litigation Releases – October 2024
Read More: SEC Crypto Litigation Releases – October 2024SEC Charges So-Called Market Maker and Two Employees in Crackdown on Manipulation of Crypto Assets Offered and Sold as Securities https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26158 In a sting operation emblematic of a John Grisham novel, the SEC charged ZM Quant Investment Ltd.—a British Virgin Islands entity—with manipulating markets and offering unregistered securities. Acting as a self-proclaimed market maker, ZM…
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Transparent Illusion: The Discrepancy in Polymarket’s Volume
Read More: Transparent Illusion: The Discrepancy in Polymarket’s VolumeThe recent surge in prediction markets has coincided with the upcoming presidential election, as those seeking a supplement to traditional polling look to new methodologies. As election day draws closer, established prediction markets have seen their volumes skyrocket, while fresh players are jumping in to launch their own platforms. This sudden influx of companies offering…