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Law And Legislation

Latest Ethereum and Blockchain News

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.
NEWS
law and legislation

Federal Judge Dismisses ICO Lawsuit Against Floyd Mayweather And DJ Khaled

CoinDesk
Federal Judge Robert Scola found that the plaintiffs in the case failed to prove they had participated in the Central Tech initial coin offering as a direct result of Floyd Mayweather or DJ Khaled's promotions of the ICO.
NEWS
law and legislation

Amended Complaint Adds Kevin Hart To Flik ICO Lawsuit

Decrypt
Twenty-five investors filed a lawsuit over an alleged pump-and-dump scheme perpetrated by music producer Ryan Felton and rapper T.I., co-owners of the blockchain-based funding and distribution network Flik. Now those 25 investors have added Kevin Hart's name to their lawsuit, stating the comedian contributed to the supposed fraud.
NEWS
law and legislation

Craig Wright's Bitcoin Addresses Revealed

Legal documents containing Wright's Bitcoin addresses were supposed to prove his claims of being the real Satoshi Nakamoto. Unsurprisingly, the addresses failed to prove anything.
NEWS
law and legislation

Congressman Brad Sherman Calls For US To Ban Crypto

Cointelegraph
In his remarks, Representative Sherman stated cryptocurrencies would disempower US foreign policy and destroy tax collection and law enforcement management.
NEWS
law and legislation

Hester Peirce Criticizes SEC's Handling Of Crypto Regulations At Securities Enforcement Forum

CCN
Hester Peirce, aka "Crypto Mom," spoke at the Securities Enforcement Forum on Thursday, May 9, making note of her worries that the US Securities and Exchange Commission may stifle innovation in the cryptosphere with overzealous regulations.
NEWS
law and legislation

The Senate Banking Committee Wants To Talk To Facebook About 'Project Libra'

CoinDesk
The banking committee sent an open letter to Mark Zuckerberg earlier this week looking for details regarding Facebook's cryptocurrency project, Project Libra. The committee wants to know what kind of discussions the company has had with financial regulators and what kind of privacy protection will be offered to those holding Facebook's crypto.
NEWS
law and legislation

Bitfinex's LEO Token Has An Awfully Similar Name To A Crypto Capital Shell Company

Decrypt
LEO, the token being sold in Bitfinex's strangely timed IEO, has a strikingly similar name to a Crypto Capital shell company, the same Crypto Capital caught up in the lawsuit the New York attorney general brought down on Bitfinex and Tether.
NEWS
law and legislation

WeChat Updates Payment Service Protocol, Bans Crypto Trading

CoinDesk
WeChat, a popular messaging application in China, has banned merchants on its platform from being directly or indirectly involved in cryptocurrency trading, impacting over-the-counter traders who use WeChat Pay to interact with exchanges.
NEWS
law and legislation

Binance CEO Wants To Raise Money For Individuals Sued By Craig Wright

Decrypt
Binance's CEO Changpeng Zhao has done little to hide his dislike for Craig Wright, and now Zhao wants to create a fund to help pay for legal fees accrued by those hit with lawsuits from Wright.
NEWS
law and legislation

CFTC May Approve Ethereum Futures

CoinDesk
The US Commodity Futures Trading Commission says it's willing to approve Ether futures contracts as long as proposals meet all the regulator's requirements. If approved, these futures could give investors access to a new derivatives product, ease retailer concerns over accepting crypto, and solidify the CFTC's authority in the crypto industry.
NEWS
law and legislation

Alleged Shadow Banker Brings Down Minor Football League

Quartz
Cryptojournalist Matthew de Silva discusses the connections between the actions and subsequent arrest of alleged shadow banker Reggie Fowler and the demise of the Alliance of American Football league.
NEWS
law and legislation

Indian Government May Ban Crypto After All

The Economic Times
Several government entities in India have begun talks about drafting a bill to outlaw the purchase, sale, and trade of cryptocurrency in the country and strictly regulate government-approved digital currencies.
NEWS
law and legislation

Letter Sheds Light On Discord Within MakerDAO

CoinDesk
A letter issued by an attorney representing five MakerDAO Ecosystem Growth Foundation (MEGF) board members details squabbles within the foundation. According to the letter, the MEGF's CEO has demanded the resignation or replacement of five board members based on allegations that they conspired and "breached their fiduciary duties as directors."
NEWS
law and legislation

New French Law Almost Guarantees Blockchain Startups Banking Services

CoinDesk
Domitille Dessertine – head of the FinTech, innovation, and competitiveness division for France's financial markets watchdog, Autorité des Marchés Financiers – explains France's new blockchain banking law. Under the new law, cryptocurrency and blockchain startups are guaranteed financial services if they agree to be regulated. Banks that refuse financial services to these types of companies must justify their reasoning to the Autorité des Marchés Financiers.
NEWS
law and legislation

FinCEN Fines California Man For Operating Illegal Crypto Exchange

CoinDesk
In what is being called a first, the Financial Crimes Enforcement Network has fined Eric Powers of California $35,000 for operating an illegal bitcoin exchange, failing to register as a money transmitter, and not filing currency transaction reports.
NEWS
law and legislation

Judge Dismisses Winklevoss Lawsuit Against Charlie Shrem

CoinDesk
Judge Jed Rakoff of the US District Court for the Southern District of New York dismissed the Winklevoss case against Charlie Shrem in which the twins allege Shrem stole $26 million worth of cryptocurrency. The judge said a settlement was reached, though details of the settlement are confidential. Either party can reopen the case by May 5 if not completely satisfied.