The SEC has taken action against romance scammers for the first time, charging two allegedly fake crypto exchanges with fraud.
Crypto Law Articles
VonMises bought 60 CryptoPunks in a month before the price spiked: NFT Collector
Ex TradFi guy VonMises has built up one of the best NFT collections on the planet by selling when he can, not when he has to.
SEC asks court for four months to produce documents for Coinbase
The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.
Anthropic jumps in on tug-of-war over California AI bill
Things are heating up on the AI legislation front with Anthropic voicing its support of an AI bill introduced by senator Scott Wiener, one which received a letter of opposition from OpenAI.
China accessing high-level AI chips banned by the US: Report
Documents have surfaced revealing state-linked Chinese entities using Amazon cloud services or similar services to access advanced AI chips and capabilities banned by the US.
RFK Jr. drops out of presidential race, while Trump takes lead on Polymarket
Kennedy is set to address the nation from Arizona on Aug. 23 and could potentially reveal more support for Trump’s presidency.
Partner of ex-FTX exec hit with campaign finance charges
Michelle Bond, who ran for a seat in the US House of Representatives in 2022, faces four charges related to violations of campaign finance law.
Changpeng Zhao moved to custody of field office ahead of Sept release
As of Aug. 22, the US Federal Bureau of Prisons listed the former Binance CEO as an inmate of the Residential Reentry Management Long Beach field office.
Kamala Harris campaign may focus on highlighting innovation over crypto
Many in the industry don’t expect the Vice President to mention digital assets at the DNC, but her views on technology and regulation could signal a shift from Biden-era policies.
Bitcoin miners steamrolled after electricity thefts, exchange ‘closure’ scam: Asia Express
Malaysia gets out the steamroller as Bitcoin mining stolen electricity issue worsens, Korea’s new ‘exchange closure’ scam. Asia Express
FBI will use NFTs to contact victims of crypto fraud scheme Clucoin
The FBI will notify victims of a $1.1 million fraud scheme through NFTs after the founder pleaded guilty to using the funds to fund his online gambling habit.
Crypto law firm loses appeal to force SEC’s hand on Ether classification
Hodl Law sued the SEC in 2022, claiming it could face the regulator’s ire for using Ethereum and wanted a court to force it to decide if ETH is a security.