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Breaking news and analysis exploring how the legal industry and regulators are approaching virtual currency and other blockchain-enabled items.
By Maydeen Merino | October 30, 2023
Lawyers voice concern with what they call the SEC's use of enforcement actions against cryptocurrency firms based on nebulous regulations concerning non-fungible tokens.
4 minute read
By Jane Wester | October 30, 2023
Bankman-Fried said he was not sure whether he described the FTX platforms as safe.
3 minute read
By Jane Wester | October 27, 2023
Over several objections from prosecutors who argued that Bankman-Fried was providing "narrative" rather than simply responding to Cohen's questions, Bankman-Fried described his leadership of FTX and Alameda Research, the crypto trading firm he founded in 2017.
4 minute read
By Jane Wester | October 26, 2023
U.S. District Judge Lewis Kaplan of the Southern District of New York observed that FTX and Alameda Research founder Sam Bankman-Fried has "an interesting way of responding to questions" as he took the stand in his fraud and money laundering trial.
3 minute read
By Maydeen Merino | October 25, 2023
"We would never allow the New York Stock Exchange … to do the things that crypto intermediaries may be doing," Gensler said.
3 minute read
By Jane Wester | October 25, 2023
U.S. District Judge Lewis Kaplan of the Southern District of New York already demonstrated a willingness to question witnesses himself in the course of the first three weeks of the trial.
5 minute read
By Maydeen Merino | October 20, 2023
"The division's efforts, as laid out in the 2024 priorities, enhance trust in our ever-evolving markets," SEC Chair Gary Gensler said.
5 minute read
By Jane Wester | October 20, 2023
With the charges dismissed, the only step remaining before a potential appeal is a remedies phase.
4 minute read
By Jane Wester | October 17, 2023
Defense counsel' Mark S. Cohen's first questions related to Singh's testimony, on direct examination, that he sometimes thought Bankman-Fried's spending was excessive or involved bad business decisions.
3 minute read
By Jane Wester | October 16, 2023
Bankman-Fried's lead defense counsel has raised concerns about his client's limited access to Adderall several times since Bankman-Fried was remanded to Brooklyn's Metropolitan Detention Center in August, saying he needs the medication to be able to meaningfully participate in the preparation of the defense case.
3 minute read
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