News with the tag "Crypto law"

Do Kwon, founder of Terraform Labs, may change his plea in the legal proceedings against him, marking a pivotal moment in the case related to the collapse of TerraUSD (UST) and Luna (LUNA).

The detention of an Ethereum developer in Turkey highlights growing legal concerns and regulatory uncertainties in the cryptocurrency industry, emphasizing the need for clearer global blockchain regulations.

The Ethereum Foundation has pledged to match up to $500,000 in community donations to support the legal defense of Roman Storm, co-founder of Tornado Cash, amid ongoing legal challenges that could impact crypto privacy and DeFi regulations.

Salomon Brothers is using Bitcoin's OP_Return notices to claim legal rights over abandoned BTC wallets dormant for 14 years, sparking controversy and legal debate in the crypto space.

Roman Storm, co-founder of Tornado Cash, was found guilty on unlicensed money transmission charges but not guilty on sanctions evasion, with a hung jury on money laundering, impacting crypto privacy and regulatory compliance.

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The U.S. Department of Justice (DOJ) is considering charges against executives from Dragonfly, a crypto venture capital firm, due to their association with controversial projects like Tornado Cash, signaling heightened regulatory scrutiny for crypto venture capital.

Hong Kong is introducing strict stablecoin regulations starting August 1, 2024, to bring clarity and compliance to the stablecoin market, aligning with global regulatory trends.

The trial of an alleged $25 million Ethereum fraud case involving MIT graduates Anton and James Peraire-Bueno is proceeding, with the court rejecting their 'code is law' defense and emphasizing that existing laws apply to blockchain activities.

A RICO lawsuit has been expanded against memecoin platform Pump.fun and key Solana executives, alleging illicit activities and exploitation of users, with potential implications for the broader crypto industry.