litigation

Citadel abandons multi-year crypto lawsuit to focus on bankruptcy order against an ex-employee
After winning a 6 million-pound London arbitration award, Citadel dropped its U.S. trade secrets case, saying another judgment would likely go uncollected.

Kalshi and prediction market sector embroiled in mixed bag of legal fights across U.S.
Some of the many battles with state gaming regulators aren't going well for the industry at the moment, but it isn't without its would-be government protectors.

Crypto.com v. SEC Is a Bold, 'Bet the Company' Case
If the exchange's lawsuit can clear one procedural hurdle, it will have the regulator on its heels in Texas.

Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal
Alexander Nikolas Gierczyk of California says the hedge fund he sold his FTX bankruptcy claim to isn't paying out what it promised.

Crypto's Bromance With U.S. CFTC May Be One-Sided
The industry's open preference for the CFTC over the SEC has been answered with record enforcement actions showing the CFTC's enthusiasm for punishing crypto wrongdoing.

Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections
The CFTC denied a valid hedging option when it rebuffed a plan to offer event contracts for traders to bet on political outcomes, the company said.

Do Kwon's Terraform Labs Seeks Early Court Rejection of U.S. SEC Case
The stablecoin issuer filed for summary judgment, asking the judge to toss the regulator's accusations that Do Kwon and his company engaged in a multi-billion-dollar securities fraud.

Coinbase Poised to Make Final Pitch in Bid to Kill SEC Accusations Quickly
The U.S. crypto exchange is ready to argue the SEC's claims about unregistered securities are missing evidence of actual contracts.

Grayscale ETF Case's Final Word Coming in Federal Court as SEC Loss Formalized
The court that ordered the SEC to scrap its rejection of Grayscale's spot bitcoin ETF application will set that ruling in stone by Monday.

SEC Won’t Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF
Bitcoin’s price immediately shot up after the news came out.

