The Chamber of Digital Commerce, a Washington-based blockchain advocacy group, has filed an amicus curiae document on the SEC v Payward, Inc. (Kraken) case. The chamber argues that the actions of the SEC pose “separation of powers and due process” concerns and that digital assets are not inherently investment contracts. Chamber of Digital Commerce Slams […] Source: https://news.bitcoin.com/chamber-of-digital-commerce-sec-actions-pose-separation-of-powers-and-due-process-concerns/
Gemini has reached a settlement with Genesis and other creditors within the Genesis bankruptcy proceedings, promising a full in-kind return of digital assets to Earn program users. This resolution, pending bankruptcy court approval, signifies a major victory for users, with over $1.8 billion in assets set to be returned. Potential Full Crypto Asset Recovery for […] Source: https://news.bitcoin.com/coin-for-coin-payback-gemini-announces-full-recovery-of-crypto-assets-for-earn-users-after-genesis-settlement/
Do Kwon, the embattled former CEO of Terraform Labs, is currently stranded in Montenegro due to extradition delays, following accusations by the U.S. Securities and Exchange Commission (SEC) of conducting a massive fraudulent crypto scheme. Last year, the SEC charged that from April 2018 to May 2022, Terraform and Kwon’s operations resulted in at least […] Source: https://news.bitcoin.com/terraform-labs-founder-do-kwon-faces-extradition-delay-in-montenegro-amid-sec-fraud-allegations/
Leonidas, the pseudonymous founder of Ord.io, an ordinals explorer, has reported one of the biggest sales of inscriptions, the so-called Bitcoin native non-fungible tokens (NFTs), to date. Leonidas stated that the second inscription on the Bitcoin blockchain had been sold for 24.48 BTC (over $1.1 million), predicting that more sales will beat this record in […] Source: https://news.bitcoin.com/ordinals-market-registers-record-sale-bitcoin-budgie-changes-hands-for-over-1-1-million-in-btc/
