January 01, 2024
The coming year will see the U.S. Securities and Exchange Commission battle with crypto exchanges over how securities laws apply to digital assets, while federal prosecutors will be focused on holding crypto firms and executives responsible for vast compliance failures that happened under their watch.
October 30, 2023
A Florida federal judge upheld a U.S. Treasury Department unit's decision to sanction crypto mixer Tornado Cash when he struck down a challenge from crypto advocacy group Coin Center and ruled the government did not exceed its authority in issuing the sanctions.
August 22, 2023
Crypto advocacy group Coin Center said on Monday that a recent decision upholding the U.S. Treasury Department's sanctions of crypto mixer Tornado Cash shouldn't hold water in its own challenge against the department's designation since the decision "commits a series of errors that are likely to be reversed by the Fifth Circuit on appeal."
January 02, 2023
The breathtaking implosion and bankruptcy of cryptocurrency exchange FTX and the subsequent arrest of its founder showered negative attention on the largely unregulated digital asset space in 2022, prompting legal experts to forecast that more enforcement actions and bankruptcies would hit the crypto industry in 2023.
October 12, 2022
The U.S. Department of the Treasury was hit with another lawsuit on Wednesday over its sanctioning of certain addresses associated with cryptocurrency mixing service Tornado Cash, this time by a group of plaintiffs including the nonprofit advocacy group Coin Center.