Judge Brushes Off Traders' Offer Of Cryptocurrency Tutorial

By Emma Whitford (July 13, 2021, 6:44 PM EDT) -- The California federal judge overseeing a racketeering suit against cryptocurrency exchange BitMEX denied plaintiffs' motion suggesting that he receive a tutorial on the currency following an adverse ruling, saying that he did not think it would benefit the court.

In a briskly-worded one-page order Tuesday, U.S. District Judge William H. Orrick rejected Bitcoin Manipulation Abatement LLC, or BMA, and several traders' July 8 offer to provide a "cryptocurrency basics" lesson. The plaintiffs filed the motion after Judge Orrick refused to lift a discovery stay in the case, court records show.

BMA LLC's motion was "not well taken," according to the order....

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