US

NBA-Branded 'Top Shot Moments' NFTs May Be Securities, Judge Rules in Dapper Labs Case
"Ultimately, the Court’s conclusion that what Dapper Labs offered was an investment contract under Howey is narrow," the judge wrote.

Caitlin Long Sees 'Coordinated Effort' Among Regulators for Custodia Rejection
The CEO says crypto is here, get used to it. Custodia Bank has filed another master account application with the Federal Reserve.

FTX Bankruptcy Claims Sell for 20 Cents on the Dollar in Private OTC Markets
The sales suggest distressed asset funds are projecting recoveries of about 50 cents over five years.

Custodia Bank Renews Push for Fed 'Master Account' After Rejection
The Federal Reserve and Kansas City Fed rejected Custodia's applications for membership and a master account last month.

Binance Considers Severing US Ties in Face of Crypto Crackdown: Bloomberg
The crypto exchange has been investigated by a host of U.S. regulators and government agencies.

Bernstein: SEC Tightening of Crypto Regulations Is Not an Existential Threat
Some in the industry had expressed concern that crypto was actively being removed from the banking system with an attack on stablecoins and custody rules, the report said.

BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company
Emergent Fidelity’s case is "futile," says the bankrupt crypto lender seeking access to its 55 million Robinhood shares.

Bankman-Fried $250M Bond Is a ‘Joke,’ Claims Securities Lawyer
“MetaLawMan” James Murphy says that in 30 years of experience he has “never seen anything this lenient in a situation” where someone has lost millions of dollars of users’ money.

SEC Sues Terraform Labs, Do Kwon for Misleading Investors on TerraUSD Stablecoin
The collapse of TerraUSD last year led to a wave of bankruptcies in the crypto industry.

FTX’s Bahamas Unit Commingled Client, Corporate Funds, Liquidators Say
FTX Digital had bank accounts with a balance of $219 million, according to a PriceWaterhouseCoopers report.

