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Law And Legislation

Latest Ethereum and Blockchain News

NEWS
law and legislation

Creator Of TV Series 'Big Brother' Sues Facebook For Fake Bitcoin Ads

Reuters
Dutch billionaire and businessman John de Mol, known for creating the "Big Brother" reality television show, has filed a lawsuit against Facebook, claiming the social media giant allowed fake ads on its platform that used de Mol's face and name to carry out bitcoin-related fraud.
NEWS
law and legislation

The SEC's Case Against Kik Could Have Ramifications For Other 2017 ICOs

CoinDesk
As more details have emerged regarding the case the US Securities and Exchange Commission has built against Kik and its Kin token ICO, the odds seem stacked in the agency's favor. A legal win for the SEC could spell trouble for other ICOs that were held around the same time.
NEWS
law and legislation

The SEC Has Filed Suit Against Kik For Its 2017 ICO

CoinDesk
In 2017, messaging service Kik raised $100 million during its Kin token ICO. The US Securities and Exchange Commission now claims the ICO constituted an illegal securities offering.
NEWS
law and legislation

FBI Publishes Questionnaire Targeting Potential QuadrigaCX Victims

CoinDesk
The Internal Revenue Service’s Criminal Investigation Division, the U.S. Attorney General’s office for the District of Columbia, the Department of Justice’s Computer Crime and Intellectual Property Section, and the FBI have all begun investigating the events of now-defunct Canadian crypto exchange QuadrigaCX. The Bureau's own questionnaire specifically targets users who believe they may have been affected by QuadrigaCX's shutdown.
NEWS
law and legislation

Facebook Meets With CFTC Members As GlobalCoin Moves Forward

Financial Times
Christopher Giancarlo, head of the Commodity Futures Trading Commission, is in early talks with Facebook to help the commission better understand the social media giant's plans for its stablecoin, GlobalCoin.
NEWS
law and legislation

SEC Director Of Corporate Finance Sees ICOs Becoming Exempt From Securities Laws

Decrypt
Speaking at today's SEC FinTech Forum 2019, Director of Corporate Finance William Hinman said he believes ICO-funded projects could become exempt from securities laws if they become sufficiently decentralized.
NEWS
law and legislation

Wei Liu Registers Bitcoin White Paper Copyright, Challenging Craig Wright

Decrypt
Wei Liu's copyright registration was filed a week after Craig Wright announced his own copyright. Now Wright is ready to take Liu to court to "face a jail term" despite the fact that the maximum punishment for a false copyright claim is a $2,500 fine.
NEWS
law and legislation

Congressional Report Gives A Peek At Bitcoin Adoption And Transaction Numbers

The Next Web
While transaction numbers for traditional cash options still tower over bitcoin usage, the report acknowledges that regulators will have to start considering the market for cryptocurrencies when working on new policies.
NEWS
law and legislation

Kik Crowdfunds To Support Court Battle With SEC

CoinDesk
At DefendCrypto.org, individuals can donate in any of 19 cryptocurrencies. Along with using the funds in its own lawsuit with the US Securities and Exchange Commission, Kik hopes to raise money for other crypto-related businesses facing legal skirmishes with the regulatory agency.
NEWS
law and legislation

Montana Governor Signs Bill, Utility Tokens Exempt From Securities Laws

CoinDesk
While the recently signed bill exempts utility tokens from securities laws in the state of Montana, a plethora of specific conditions surround the ruling. These include how a token is marketed to investors and when its "consumptive purpose" becomes available to holders.
NEWS
law and legislation

SEC Files Charges, Alleges Daniel Pacheco Ran Crypto Ponzi Scheme

CoinDesk
The US Securities and Exchange Commission is suing Daniel Pacheco, claiming he sold unregistered securities and raised $26 million with a crypto-related Ponzi scheme he ran through his companies IPro Solutions LLC and IPro Network LLC.
NEWS
law and legislation

US Copyright Office Clarifies Craig Wright's Bitcoin Filing

CoinDesk
Earlier this week, a press representative for Craig Wright issued a press release claiming the US Copyright Office was the first government agency to recognize him as Satoshi Nakamoto. Now the Copyright Office has released its own statement, making it clear it did no such thing.
NEWS
law and legislation

Petition Aims To Stop Craig Wright From Copyrighting Bitcoin White Paper

The Next Web
Nobody liked Craig Wright's attempt to copyright the Bitcoin white paper and code, and now the self-proclaimed Satoshi Nakamoto has a petition with a whopping 146 signatures (and growing) to deal with.
NEWS
law and legislation

Craig Wright Files Copyright Registration For Bitcoin White Paper And Code

CoinDesk
While Craig Wright is able to register for the copyright – and may very well receive it – the process in no way solidifies his claims of being Satoshi Nakamoto.
NEWS
law and legislation

NY Judge Grants Motion To Modify Preliminary Injunction Against Bitfinex

The Block
Bitfinex is calling it a victory, but the exchange is still barred from using Tether as a line of credit.
NEWS
law and legislation

Hester Peirce Voices Support For Bitcoin ETF

Decrypt
During a fireside chat at Consensus, New York, SEC Commissioner Hester Peirce spoke in support of a bitcoin ETF and encouraged the crypto community to continue to contact the SEC and explain the kind of security measures in place to keep funds safe.