A policy that could allow the use of bitcoin in city financing has been enacted by the Vancouver City Council. Vancouver Votes to Get Ahead on Bitcoin Vancouver, the third-largest metropolitan area in Canada, has passed a policy that could result in the use of bitcoin in city finances. The council of the Canadian city […]
Roman Storm, a software developer of Tornado Cash, is headed to trial after a New York judge ruled against his motion to dismiss criminal charges. District Judge Katherine Polk Failla rejected Storm’s request to drop charges tied to money laundering and sanctions violations. Russian co-defendant Roman Semenov remains elusive and on the run, evading capture […]
The U.S. District Court for the Northern District of California has denied Kraken’s motion to dismiss a lawsuit by the U.S. Securities and Exchange Commission (SEC). The court determined that the SEC “has plausibly alleged” that certain crypto tokens traded on the Kraken exchange could be considered securities, thereby allowing the case to proceed. Kraken’s […]
Crypto Freedom Alliance of Texas and Blockchain Association filed a motion on May 17 to vacate the U.S. Securities and Exchange Commission (SEC)’s new Dealer Rule. The plaintiffs’ counsel argues that the SEC’s expanded definition of “dealer” exceeds its statutory authority under the Securities Exchange Act, particularly affecting the digital asset industry. The brief asserts […]
In a notable development, the U.S. Department of Justice (DOJ) has countered a motion to dismiss the criminal charges against Roman Semenov, a developer of the cryptocurrency mixing service Tornado Cash, highlighting the alleged strength of its case in a recent court submission. Prosecutors Assert Strong Evidence Is Coming in Tornado Cash Laundering Case The […]