Twice a week, Bankman-Fried has access to an internet-enabled laptop. Defense attorneys had previously raised issues about the battery life and weak internet connection, but Tuesday’s letter said the defense team had provided a new battery that “has approximately 8 hours battery life,” and the internet speed over the course of a day ranged from […]
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July’s ruling did not “present a controlling question of law,” and neither did the SEC’s motion for an appeal, Ripple said in Friday’s filing, which added that the regulator hasn’t proven that different judges might disagree with the ruling, or that an appeal would lead to a faster end for the court case – all […]
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Judge Neomi Rao, writing for the unanimous court, said the SEC’s denial of the application was inconsistent with the approval of a pair of bitcoin futures ETFs, and did not explain why it viewed these types of products differently given the underlying bitcoin market had a “99.9% correlation” between spot and futures market prices. Grayscale’s […]
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“Debtors have repeatedly promised that a plan that resolves claims against DCG is right around the corner, as they seek extension after extension of mediation periods, hearing dates, and bid deadlines,” the Gemini filing said. The harm to Gemini is made worse, it added, as DCG has “not paid any of the approximately $630 million […]
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“The Court should preclude irrelevant, confusing, and prejudicial questioning, evidence, and arguments about the involvement of attorneys” if no further details are provided, U.S. Attorney Damian Williams said in the filing, arguing Bankman-Fried should specify the legal advice or abandon his proposed defense.
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Bankman-Fried is currently locked up at the Brooklyn Metropolitan Detention Center which his lawyers have argued multiple times interferes with his preparation for trial, which is a constitutional right. He is set to go on trial on allegations of wire fraud, commodities fraud, securities fraud, money laundering and related conspiracy charges.
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Chastain, 33, was convicted of fraud and money laundering in federal court in New York in May. The conviction marked the end to what prosecutors called the first prominent NFT insider trading case. Chastain reaped more than $50,000 by buying and selling at least 45 NFTs he knew would be featured on OpenSea’s homepage, concealing […]
Continue ReadingSam Bankman-Fried will have five and a half hours with his attorneys, minus any time spent being arraigned yet again Tuesday on his latest indictment, which folded campaign finance allegations into existing charges.
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“The rulings that the SEC seeks to appeal were legal determinations about the existence of investment contracts based on undisputed facts. The undisputed facts (e.g., Order at 23 (Programmatic Sales are ‘blind bid/ask transactions’)) present a legal question – can an issuer’s offers and sales on crypto asset trading platforms create a reasonable expectation of […]
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A group of crypto investors and developers lost a lawsuit funded by Coinbase which sought to argue that the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash, a mixing service.
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