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Law And Legislation

Latest Ethereum and Blockchain News

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.
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.