Legal

SEC Overstepped Bounds in Kraken Lawsuit, State AGs Charge
State attorneys general argue that the SEC is trying to claim jurisdiction that rightfully belonged to states.

Coinbase Made an Arbitration Case to the U.S. Supreme Court – Again
In a second case involving a legal argument over arbitration, the U.S. crypto exchange again appeared in the high court to argue about these agreements that affect everybody.

Swiss Crypto Hedge Fund Tyr Capital Clashes With Client Over FTX Exposure: FT
Tyr investor TGT has brought claims against the hedge fund that it ignored several warnings over its ties with the now-bankrupt crypto exchange FTX.

Coinbase's SEC Clash Faces First Major Test as Judge Weighs Longshot Dismissal
A federal U.S. judge will hear arguments about whether or not to toss the case based on legal arguments that the regulator was in the wrong when it sued the exchange.

U.S. SEC Seeks to Leverage Terraform Win in Coinbase, Binance Disputes
The agency contends last week's court ruling that offerings from Terraform were securities should help make its case that the exchanges traded unregistered securities.

FTX Founder Sam Bankman-Fried Won't Face Second Criminal Trial, U.S. Prosecutors Say
The lawyers said much of the evidence they planned to introduce in the second trial was already introduced in the first case and can be considered in the sentencing planned for March 2024.

Q Protocol to Apply International Court of Arbitration Rules to DeFi Disputes in a Sign of Growing Industry Maturity
Q protocol allows developers to build organizational constitutions that are enforced by smart contracts and include off-chain avenues for resolving disputes the code can't deal with.

U.S. Judge Warns SEC Over 'False and Misleading' Request in Crypto Case
A federal judge threatened to sanction the SEC's lawyers after their "false" arguments prompted a court to impose a temporary restraining order on crypto firm Debt Box.

Soccer Star Cristiano Ronaldo Faces $1B Class Action Suit Over Binance Endorsement
The suit alleges that Ronaldo "promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance."

Binance Settlements Could End Death-Spiral Fears – And Might Be Good News
While Binance’s deal with the U.S. Department of Justice over anti-money-laundering violations has consequences for Changpeng "CZ" Zhao personally, it could lead to a fresh start for the exchange.

