Legal Archives - Free Bitcoin Earning Sites

Ripple faces a new class-action lawsuit over unregistered XRP sales in Florida

January 27, 2021 class action, court cases, Florida, Lawsuits, Legal, Ripple, ripple class action, XRP Eddy 0

A new class-action lawsuit has been filed against Ripple, its CEO Brad Garlinghouse and its subsidiary XRP II, LLC. Filed in the Middle District Court of Florida on Monday, the case alleges that the defendants sold “millions of dollars (or more)” of XRP without registering it either with federal or Florida authorities. “On numerous occasions, […]

Janet Yellen sworn in as the Biden administration’s Treasury Secretary

January 26, 2021 Janet Yellen, Legal, Regulation, Treasury Eddy 0

UPDATE 1: 55 p.m. EST 1/26: Janet Yellen has officially been sworn in as Treasury Secretary, according to a statement from the Treasury Department: “Earlier today, Vice President Kamala D. Harris administered the oath of office to Janet L. Yellen. Secretary Yellen is the first woman to lead the U.S. Department of the Treasury in […]

Crypto trader known as ‘Coin Signals’ charged in $5 million investment fraud case

January 26, 2021 Crime, crypto trading, DoJ, fraud, Legal, new york Eddy 0

Federal prosecutors have charged a Rhode Island-based cryptocurrency trader for defrauding investors out of $5 million in investments in a Ponzi-like scheme. On Tuesday, the U.S. Department of Justice said that Jeremy Spence — known as “Coin Signals” allegedly defrauded investors between November 2017 and April 2019. Specifically, Spence is charged with commodities fraud and […]

Janet Yellen confirmed as the Biden administration’s Treasury Secretary

January 26, 2021 Janet Yellen, Legal, Regulation, Treasury Eddy 0

Janet Yellen will serve as the next Secretary of the Treasury Department following a vote Monday evening in the U.S. Senate. At press time, the ongoing vote shows Yellen with 76 votes in favor to 12 against — more than enough to secure confirmation. Yellen, who previously served as chairwoman of the U.S. Federal Reserve, cleared […]

Yellen: US government should consider benefits of cryptocurrencies and digital assets

January 21, 2021 Legal, Regulation, Treasury, yellen Eddy 0

Treasury Secretary nominee Janet Yellen, who previously headed up the U.S. Federal Reserve, said in written testimony on Thursday that cryptocurrencies and digital assets have the potential to “improve the efficiency of the financial system.” As she noted in her written remarks: “Bitcoin and other digital and cryptocurrencies are providing financial transactions around the globe. Like […]

Examining the STABLE Act Proposal, Part II

January 21, 2021 Banking regulation, bill, coin center, congress, Cryptocurrency, Custody, Institutional, Legal, legislation, Regulation, Research, Stablecoin, stablecoin law, Stablecoins Eddy 0

Quick Take A controversial legislative proposal for the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act was recently announced by members of Congress, which could have extensive implications for digital assets if the bill were signed into law. Our two-part series examines the STABLE Act Discussion Draft, those endorsing the potential legislation, reactions from the […]

Lawyer for Bitfinex, Tether says firms are almost finished producing documents sought by NYAG

January 20, 2021 Bitfinex, iFinex, Legal, NYAG, Tether Eddy 0

A new court filing indicates that the New York Attorney General has received much of the information it has sought from iFinex, the parent company of stablecoin issuer Tether and crypto exchange Bitfinex. The letter, penned by Steptoe partner Charles Michael, explains: “The Respondents have largely completed the document production and have produced a substantial volume material to […]

IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

January 17, 2021 CBDC, Central Banks, currency, Digital Currencies, digital currency money, Digital Money, IMF, issue digital currency, Legal, legal tender, money, Regulation Eddy 0

Researchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the question of whether a digital currency is really money. They found that of all the central banks studied, only about 23%, or 40 central banks, “are legally allowed to issue digital currencies.” IMF Explores if […]

Fiat Freeway: The OCC addresses the use of Stablecoins for Payment Activities

January 13, 2021 Cryptocurrency, Infrastructure, Institutional, Legal, OCC, Payments and Banking, Regulation, Research, Stablecoins, Technology Eddy 0

Quick Take ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins. This week’s column examines the most recent interpretive letter on digital assets from the U.S. Office of the Comptroller of the Currency’s (OCC). This research piece is available to members of The Block Genesis. You […]

Examining the STABLE Act Proposal, Part I

January 12, 2021 Cryptocurrency, Custody, Legal, Regulation, Research, Stablecoins Eddy 0

Quick Take A controversial legislative proposal for the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act was recently announced by members of Congress, which could have extensive implications for digital assets if the bill were signed into law. Our two-part series will examine the STABLE Act Discussion Draft, those endorsing the potential legislation, reactions from […]

Category: Legal