El Salvador Ends Bitcoin Legal Tender Experiment—What Went Wrong?
El Salvador, the first country to adopt Bitcoin as legal tender in 2021, recently reversed its decision after pressure from the IMF. What led to this change, and what were the outcomes of its nearly four-year crypto experiment? The curious case of El Salvador The 2021 law in El Salvador made Bitcoin (BTC) legal tender, […]
Kraken appoints ex-Paxos exec as new chief legal officer
Crypto exchange Kraken has appointed Ben Gray, former Global General Counsel at Paxos, as its new chief legal officer. U.S.-based cryptocurrency exchange Kraken has hired Ben Gray as its new chief legal officer to strengthen its legal team. In a blog announcement, the exchange said that Gray will oversee the company’s legal, compliance, and enterprise […]
IRS secures first crypto tax fraud conviction, setting legal precedent
For the first time, the IRS has successfully prosecuted a case of tax fraud solely involving crypto. The U.S. Internal Revenue Service has won a major victory, setting a legal precedent in the fight against crypto-related tax fraud. In December 2024, Frank Richard Ahlgren III was sentenced to two years in prison and fined $1.1 […]
Ivanka Trump denounces IVANKA memecoin, warns of legal action
Ivanka Trump, the daughter of President Donald Trump, has issued a statement distancing herself from a cryptocurrency project called the $IVANKA memecoin. Writing on X, Trump clarified that she has no connection to the token and condemned its use of her name and likeness. “To be clear: I have no involvement with this coin. This […]
2024 in review: The UAE crypto legal chronicles
2024 cemented the UAE’s status as a global crypto hub as its landscape changed substantially with new stablecoin regulations, tax exemptions and stricter marketing rules. Source link
Influencers shilling memecoin scams face severe legal consequences
Why Elon Musk gets away with pumping Dogecoin but Kim Kardashian was fined $1.26 million: The laws around shilling crypto on social media. Source link
Legal issues surround the FBI’s creation of fake crypto tokens
Did the FBI token infringe copyright rules? Who should be responsible for AI agents and their crypto activities? Crypto lawyers weigh in. Source link
Bitcoin miner Greenidge Generation wins legal battle in New York
Greenidge Generation Holdings Inc. will continue operating its Dresden, New York, facility following a legal victory against the state’s Department of Environmental Conservation. According to a Nov. 14 press release, the New York Supreme Court ruled in favor of Greenidge, overturning the Department of Environmental Conservation’s denial of a Title V Air Permit. Judge Vincent […]
Sphere 3D’s legal issues escalate as Gryphon seeks to block $10M
Gryphon Digital Mining is seeking to block Sphere 3D from using $10 million from a recent settlement with Core Scientific. Source link
Crypto Biz: Exchanges face new legal issues, Goldman Sachs’ clients eye crypto, and more
Crypto exchanges, including KuCoin, Coinbase and Binance, are facing a new wave of regulatory hurdles worldwide. Source link
