The judge suggested that a brief stay while awaiting a ruling in a similar case in the appellate court could “reduce the burden of litigation.”
Turner Wright
Turner Wright is a senior policy reporter at Coinpectra, focusing on US laws and regulations related to digital assets. He writes features and news stories for the website and Coinpectra Magazine, and is sometimes featured in one of the publication’s podcast series. He holds a bachelor’s degree in aerospace engineering from the University of Texas at Austin and started as a freelance journalist covering issues in Japan and around the world, joining the Coinpectra team in 2020. Turner has no crypto holdings above Coinpectra’s disclosure threshold of $1,000.
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US court grants brief stay in Coinbase lawsuit involving biometric data - News
US court signs off on $13M BlockFi settlement after objection withdrawn After a BlockFi investor withdrew an objection filed in February, a judge appeared to clear the way for the next step in a settlement of a class-action lawsuit.
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Interpol coordinates crackdown on illegal Angola-based crypto miners A mining ban went into effect in the African nation in April 2024, followed by Chinese officials warning residents not to “support or engage in virtual currency mining activities.”
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Pennsylvania state lawmaker proposes ban on public officials trading crypto The bill pushed by the representative included a ban on lawmakers and their families from "launching, promoting, or trading in coins where they hold a personal financial interest.”
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US OCC terminates 2022 order targeting Anchorage Digital over AML The financial regulator said the bank’s “compliance with laws and regulations does not require the continued existence of the order,” first issued in April 2022.
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US DOJ official signals department opposes retrial for Roman Storm Though a Justice Department official did not mention the Tornado Cash developer by name, he made many general references to enforcement cases involving similar allegations.
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Winklevoss twins donate $21M in BTC to pro-Trump PAC ahead of US midterms The Gemini co-founders, with a combined net worth in the billions, have said they will make another political contribution in support of US President Donald Trump’s crypto agenda.
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Crypto advocacy groups double down on Quintenz confirmation at CFTC amid pushback Seven organizations affiliated with crypto urged a quick confirmation of Brian Quintenz to the CFTC, though nothing was scheduled on the Senate calendar before its recess.
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US Senator Lummis: Crypto market structure bill will be law by 2026 The Wyoming lawmaker is one of the Republicans taking the lead to pass market structure in the US Senate.
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New crypto advocacy group debuts at Wyoming summit The American Innovation Project’s board includes executives from the Solana Policy Institute, Blockchain Association, Paradigm, Digital Currency Group and Coinbase.
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SEC Chair Atkins: There are very few tokens that are securities Paul Atkins spoke at Wyoming Blockchain Symposium on the SEC's Project Crypto, its relationship with the Trump administration, and its plans on handling digital asset regulations.
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Key Republican senator expects Democratic support for US crypto market structure bill The CLARITY Act awaits Senate consideration in September, with Senator Tim Scott saying he expects 12 to 18 Democrats to back the market structure bill.
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US Treasury calls for public comment on GENIUS stablecoin bill The comments, due by Oct. 17, will focus on “innovative methods to detect illicit activity involving digital assets,” as required by the GENIUS Act.
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Sherrod Brown, targeted by crypto PAC in 2024, to run for US Senate again The former Ohio senator’s 2024 race against Bernie Moreno, whose campaign was bolstered by money from the crypto industry, was one of the most expensive in the state’s history.
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Digital Currency Group sues subsidiaries over $1.1B promissory note The latest legal battle between Digital Currency Group and Genesis centered on a promissory note issued amid the collapse of Three Arrows Capital in 2022.
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US authorities to seize $2.8M in crypto from alleged ransomware operator The cryptocurrency, allegedly linked to ransomware proceeds, is expected to be added to the US crypto reserve.
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US Fed to end oversight program for banks’ crypto activities The Federal Reserve said it would sunset a program specifically to monitor banks’ digital asset activities and would integrate them back into its “standard supervisory process.”
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FBI warns of ‘fictitious law firms‘ targeting crypto scam victims The bureau warned that anyone offering recommendations on a “crypto recovery law firm” or claiming to be a lawyer could be targeting the victims of crypto scams.
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US Treasury’s OFAC sanctions crypto exchange Garantex for second time The Office of Foreign Assets Control said it was taking additional action against the crypto exchange after including it on its list of Specially Designated Nationals in 2022.
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Crypto lawyer signals challenge to NY AG with 'lawfare' message Letitia James, who holds New York state’s top law enforcement position, has come under scrutiny from some, claiming she was engaging in “lawfare” against the crypto industry.
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A16z Crypto and advocacy group call for NFT, DeFi app safe harbor at SEC The two entities requested that the financial regulator provide a “safe harbor” for certain applications under the SEC's broker-dealer registration requirements.
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Ethereum dev detained in Turkey donates to Roman Storm’s defense fund Federico Carrone, an Ethereum core developer, pledged $500,000 to the Tornado Cash co-founder’s legal fund after being detained in Turkey over alleged links to a privacy protocol.
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US prosecutors double down on 10-year sentence for HashFlare co-founders The two men pleaded guilty to conspiracy to commit wire fraud in February and later received a letter directing them to “self-deport” from the United States.
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Roman Storm’s potential retrial pushed back following court extension After a New York jury found the Tornado Cash co-founder guilty of one of three charges he had been facing, US authorities still have the option of filing for a retrial.
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Do Kwon pleads guilty to two charges related to his role at Terraform The Terraform Labs co-founder was indicted in 2023 on nine charges related to the collapse of the ecosystem, resulting in an estimated $40 billion in losses.
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Do Kwon to change plea in criminal case at Tuesday conference In January, the Terraform Labs co-founder pleaded not guilty to several charges, including securities fraud, market manipulation, money laundering and wire fraud.
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Top US Democrat signals fight over crypto market structure The US Senate is not scheduled to be in session until Sept. 2, but Senator Elizabeth Warren offered a preview for how she may address the CLARITY Act.
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Harvard endowment invests $116M into BlackRock Bitcoin ETF Though possibly not its first foray into crypto, Harvard’s reported stake in BlackRock's Bitcoin exchange-traded fund represented a significant investment.
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The jury’s journey to the Roman Storm verdict Court documents showed there was at least one 90-year-old, and some people had “set in stone” their opinions about the Tornado Cash co-founder’s criminal charges.
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EthereumMax investors secure partial win in class-action lawsuit Four state-level lawsuits against three celebrities and individuals tied to the EMAX token may proceed after a California judge’s ruling.