The VC firms sued in a California case were active in DAO management, much like general partners, said the court. They could face hefty lawsuits.
Court news
A federal judge has temporarily halted Arkansas laws targeting foreign crypto mining firms, citing potential constitutional violations.
Kristoffer Krohn unsuccessfully argued in his appeal that the SEC had not established that the Green Boxes were securities offerings or investment contracts in its complaint.
The court decision raises alarming legal concerns for the developers of privacy-preserving blockchain protocols.
A group of JENNER memecoin buyers sued Caitlyn Jenner, claiming she made “false and misleading statements” about the token, which they allege is an unregistered security.
Secondary market resales of crypto assets long after they were first distributed by their developers are not “securities” transactions, lawyers for Binance and its former CEO argued.
Microsoft has a “fiduciary duty” to do what is in the financial interests of shareholders and knocking back Bitcoin could go against those interests, a policy research center executive explained.
Heather Morgan has argued for no more jail time for her role in laundering some of the 120,000 Bitcoin stolen from Bitfinex by her husband Ilya Lichtenstein.
Ripple challenges SEC’s ruling on institutional XRP sales, claiming the Howey test was misapplied.
The fraudsters stole $21.6 million from over 40,000 investors to fund their lavish lifestyle, which also reportedly included $100,000 spent on sex workers.