Lawsuit

XRP community criticizes SEC for unequal treatment compared to Ethereum. SEC’s suspension of Ethereum lawsuit sparks debate over crypto regulation fairness. The US Securities and Exchange Commission (SEC) chose to put on hold its lawsuit contesting Ethereum’s security status just before the spot Ethereum ETF’s approval. The SEC is also closed investigation into Ethereum 2.0, as previously reported by ETHNews. The XRP community, which has openly blasted the SEC for its biassed approach, has not been pleased with the outcome,…

The post Ripple vs SEC: US SEC Pushes for $102M Settlement with Ripple as XRP Lawsuit Nears Conclusion appeared first on Coinpedia Fintech News After more than three years of legal dispute over XRP sales between the United States Securities and Exchange Commission (SEC) and Ripple Labs, the case has reached the final phase.  Following the notable change in cryptocurrency oversight by the United States government amid approaching elections, the U.S. SEC has advocated for a settlement with Ripple. Moreover,…

The post Ripple vs SEC Lawsuit: Can $2B Fine Be Reduced? Will Terraform Labs Settlement Influence Outcome? appeared first on Coinpedia Fintech News Ripple Labs has challenged the U.S. Securities and Exchange Commission (SEC) on their $2 billion fine in the ongoing lawsuit. On Thursday, the company’s attorney stated in a “notice of supplemental authority” that the penalty proposed by the SEC is excessively punitive. In addition, they brought the comparison with the recent Terraform Labs settlement, and persuaded the…

The post $80 Million Lawsuit Against Chainalysis Dismissed  appeared first on Coinpedia Fintech News A lawsuit seeking $80 million in damages against Chainalysis was dismissed by Manhattan Supreme Court Justice Joel Cohen. The plaintiff was a former employee, Blake Ratliff had claimed that the firm breached an alleged oral agreement to modify the terms of his stock options. The Supreme Court dismissed it due to the failure to state a viable claim and the lawsuit being time-barred. Ratliff had argued…

The post Elon Musk Withdraws Lawsuit Against OpenAI Amidst New AI Ventures appeared first on Coinpedia Fintech News Elon Musk has withdrawn his lawsuit against OpenAI and its co-founders, Sam Altman and Greg Brockman. The lawsuit was filed in February, and the defendants were accused of breaching contract and fiduciary duty. The lawsuit alleges that OpenAI diverted from its originally promised mission of developing AGI or Artificial General Intelligence to benefit humanity. In addition, Musk’s decision to drop the lawsuit…

The Ripple vs. SEC lawsuit advances to the Second Circuit Court of Appeals, marking a critical phase in the legal battle over XRP’s status. Recent court developments and the SEC’s enforcement strategies could set significant precedents for the cryptocurrency sector. The ongoing legal confrontation between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has taken a new turn with the SEC challenging Ripple’s bid for privacy. According to the latest updates from CNF and Coin Market Cap news,…

The post Crypto Exchanges Face $9B Lawsuit Over Bitcoin SV Delisting appeared first on Coinpedia Fintech News The Competition Appeal Tribunal is hearing a high-stakes legal challenge brought by BSV Claims Ltd against several major cryptocurrency exchanges, including Binance, Kraken, and ShapeShift. The 2019 delisting of Bitcoin SV (BSV) allegedly deprived Bitcoin SV investors of significant growth opportunities. BSV demands a staggering $9 billion in compensation for BSV holders. However, the defendants argue that BSV investors had ample opportunity to…

The post Ripple vs SEC Lawsuit Nears the End: Will XRP Price Crash? appeared first on Coinpedia Fintech News After more than three years of legal battles, the Ripple vs. SEC case is nearing its final stages. Presiding Judge Analisa Torres is carefully reviewing a series of motions, the latest being Ripple’s reply letter supporting its motion to seal documents related to the SEC’s judgment and remedies. Despite progress, Ripple’s substantial XRP holdings remain a significant obstacle. The US SEC…

The post Billionaire Bitcoin Investor Michael Saylor Settles $40 Million Tax Fraud Lawsuit appeared first on Coinpedia Fintech News Billionaire bitcoin investor Michael Saylor and his company, MicroStrategy, have settled a tax fraud lawsuit brought by the Washington, D.C., attorney general. The lawsuit alleged that Saylor evaded over $25 million in District of Columbia income taxes by falsely claiming residency in lower-tax states like Florida and Virginia.  Now, after months of legal proceedings, Saylor and MicroStrategy have agreed to pay…