Tag Archives: lawsuit

Coinbase Investor Class Action Can Move Forward, Federal Judge Rules

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A federal judge has allowed parts of an investor class-action lawsuit against Coinbase and certain executives to proceed, keeping allegations over risk disclosures alive in court. US District Judge Katherine Polk Failla ruled on August 20 that some claims could move into discovery. The court dismissed several claims but allowed allegations that Coinbase misled investors… Continue reading Coinbase Investor Class Action Can Move Forward, Federal Judge Rules→

Crypto Groups Sue To Block Illinois Digital Asset Tax Act

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The Blockchain Association and Crypto Council for Innovation have filed a joint lawsuit challenging Illinois’ Digital Asset Tax Act, setting up a legal fight over whether the state can impose a transaction tax on digital asset activity. The lawsuit was filed in Illinois state court on August 21 and seeks to block the law before… Continue reading Crypto Groups Sue To Block Illinois Digital Asset Tax Act→

Binance Theft Lawsuit Can Proceed In Federal Court, Appeals Panel Rules

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A US appeals court has allowed a proposed Binance-related theft lawsuit to proceed in federal court, rejecting a lower-court order that had forced the plaintiffs into arbitration. The Eleventh Circuit issued an extraordinary writ of mandamus on August 19, directing the lower court to vacate its arbitration order. The panel found that the eight alleged… Continue reading Binance Theft Lawsuit Can Proceed In Federal Court, Appeals Panel Rules→

CME Group Sues CFTC Over Competitor Crypto Perpetual Futures Approval

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CME Group, the world’s largest traditional futures exchange, has filed a federal lawsuit against the Commodity Futures Trading Commission (CFTC), as detailed in the official announcement. This legal action challenges the CFTC’s recent approval of competitor crypto perpetual futures contracts, arguing the regulator overstepped its statutory authority under the Commodity Exchange Act. CME Group, a… Continue reading CME Group Sues CFTC Over Competitor Crypto Perpetual Futures Approval→

Dogecoin Drama Ends: Investors Drop Elon Musk Lawsuit Appeal

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A lawsuit claiming that Tesla’s Elon Musk rigged Dogecoin to benefit his company has ended. According to reports, investors who initially claimed that Musk manipulated Dogecoin’s price have withdrawn their complaint. Also, the group is withdrawing its bid to sanction Musk’s lawyers for supposedly interfering with the appeal, including canceling a request to cover their… Continue reading Dogecoin Drama Ends: Investors Drop Elon Musk Lawsuit Appeal→

XRP Takes A 16% Hit In SEC Lawsuit Drama, But Analysts See Hope

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With about 16% of its value lost in October 2024 alone, XRP, the native coin of Ripple, has been under heavy assault this month. The US Securities and Exchange Commission’s (SEC) fresh appeal in its continuous action against Ripple is driving the price drop. Investors are left wondering about XRP’s future as the legal question… Continue reading XRP Takes A 16% Hit In SEC Lawsuit Drama, But Analysts See Hope→