Court

The post Do Kwon Appeals to Montenegrin Supreme Court Against HC’s Ruling of Extradition to South Korea  appeared first on Coinpedia Fintech News Terraform Labs founder Do Kwon has appealed against a Montenegrin court’s extradition ruling, seeking to be sent to South Korea instead of the United States. His legal team argues against the court’s decision, pointing to flawed legal interpretations and raising concerns about potential political influence. Legal Battle in Montenegro Do Kwon, co-founder of cryptocurrency firm Terraform Labs,…

Ripple’s legal maneuvering in the SEC case intensified as it filed a Motion to Strike against new expert materials submitted by the SEC. The motion challenges the SEC’s late submission of crucial accounting analysis and substantive conclusions regarding remedies. On Monday, April 22, the Ripple vs SEC case took an interesting turn with Defense attorney James Filan sharing key developments in the ongoing case. Ripple has lodged a Motion to Strike against the recent expert materials submitted by the SEC…

Ripple CEO Brad Garlinghouse remains committed to challenging the SEC’s stance on XRP to the Supreme Court. Legal battles over cryptocurrency regulations intensify, with potential implications for asset classification and industry standards. Following recent updates from CNF, Ripple’s Chief Legal Officer, Stuart Alderoty, has called for U.S. Congress intervention amid the ongoing regulatory challenges. He urges Congress to halt funding for the SEC, emphasizing the need for legislative support to navigate the complex landscape of cryptocurrency regulations. Continued Legal Battle…

The post Ripple vs. SEC Lawsuit Update: Preparing for April 22nd as Supreme Court Showdown Looms appeared first on Coinpedia Fintech News Amidst regulatory challenges and court disputes, Ripple Labs Inc. continues its legal battle with the U.S. Securities and Exchange Commission (SEC), a conflict that has significant implications for the cryptocurrency landscape. Exploring the Legal Terrain As Ripple and the SEC lock horns over the classification of crypto assets, the debate intensifies over how these digital tokens should be…

The post US or Korea? Montenegrin Court Greenlights Do Kwon’s Extradition appeared first on Coinpedia Fintech News In a gripping turn of events, the Montenegrin court has once again given the green light to extradite Kwon Do-hyeong, a central figure in the infamous cryptocurrency crash involving Terra Luna. This decision reignites the legal saga surrounding his potential extradition, following a recent ruling that invalidated the previous verdict, prompting a fresh evaluation of the extradition process. The Battle Resumes! After a…

Although the US has yet to win the extradition victory against South Korea for Do Kwon, a New York court has already ruled against the fallen former crypto mogul in a legal case launched by the Securities and Exchange Commission. Do Kwon and his crypto brainchild – Terraform Labs – were found guilty of misleading investors in the 2022 crash. The Terra collapse from two years ago was among the loudest in the cryptocurrency industry, which resulted in an investor…

The entity behind layer-1 blockchain Tron has urged a New York federal court to dismiss a lawsuit against it brought by the United States Securities and Exchange Commission (SEC).  Tron has argued that the regulator is attempting to target predominantly foreign conduct and that it isn’t a worldwide regulator.  Tron Seeks Dismissal Of SEC Lawsuit  Tron sought the dismissal in a request under a New York-based federal court. The company asserted that the court must dismiss the lawsuit the Securities…

Wladimir van der Laan – the former lead maintainer of Bitcoin Core – is mulling a comeback to Bitcoin development after the high-profile industry lawsuit, COPA v. Wright, came to a close earlier this month. In a blog post last Friday, the Bitcoin pioneer expressed relief and disbelief over the prosecutors’ victory, which saw London high court judge Edward James Mellor declare that self-styled Bitcoin creator Craig S. Wright is not, in fact, Satoshi Nakamoto, nor the author of Bitcoin’s…

A Singapore court recently noted that the trade reversal practice on exchanges is not right. The ruling came in favor of trader B2C2 against a cryptocurrency exchange firm dubbed Quoine. & orders by B2C2 were canceled by this exchange firm Quione in the 2017 bull market period. Both parties, in particular transactions, were autonomous algorithms; there was no chance of human errors. Exchange operations involve deriving the prices of the crypto assets from other crypto exchanges.  The other exchange platforms…