DOJ moves to drop $722M BitClub case before trial as victims wait to learn what they will recover
The $722 million alleged scheme total is separate from recovery, while final terms and a court filing remain unresolved.
Read crypto legal news on court cases, enforcement actions, lawsuits, and legal disputes affecting digital asset markets.
The New York case still targets more than 39,000 addresses, but recent transfers are testing the claim that long silence proves abandonment.
The ruling gives New York room to press sports-event enforcement while the CFTC is still writing national rules.
A respondent has appeared in court to argue that wallet inactivity does not erase the rights of real owners.
The court’s decision may make financial regulators more responsive to presidential priorities just as they prepare to define US digital asset oversight.
CZ praised the product, but his Galaxy remarks put the access model at the center of the next regulatory fight.
Banks are pressing the Fed to review Kraken’s limited access, turning one crypto firm’s account into a test for the wider industry.