Bitcoin ETF Litigation Could Take Over Two Years – Grayscale Legal Officer
Grayscale says that approvals have nothing to do with the differences between futures and spot Bitcoin ETFs because prices are based on the same spot Bitcoin markets. As asset management businesses continue to compete for a Bitcoin (BTC) exchange-traded fund (ETF) spot in the United States, despite regulators’ skepticism, Craig Salm, chief legal officer at […]
Ripple Lampoons SEC For Unprecedented Request In Recent Response
Following litigation against Ripple by SEC, Ripple’s legal team believes that the commission lacks tenable evidence as it continues to make its information shrouded in secrecy. Ripple responded angrily to the SEC’s request to seal its response to an amici motion relating to the Daubert case. The Ripple team told Judge Torres of the Southern […]
Celsius Changes Legal Team, Pays Off $20 Million Part of Aave Debt
Celsius is still paying off its debts to decentralized finance (DeFi) lending protocols. It just sent 20 million USDC to Aave to settle its debt to them. Celsius has hired Kirkland & Ellis LLP lawyers to advise on its restructuring alternatives – the same company that supported Voyager Digital with its bankruptcy filing last week. […]
Terra Projects Agglomerates To Migrate To Polygon Ecosystem
Projects that used to run on the defunct Terra blockchain are helping each other move to the Polygon layer-two network. More than 48 different crypto projects that were previously centered on the bankrupt Terra environment have found new life by switching to Polygon. In a July 9 tweet , Polygon Studios CEO Ryan Wyatt expressed […]
CoinFLEX Sets To Begin Arbitration For $84 Million Recovery
Due to an unknown whale’s delinquent account, CoinFLEX has lost $84 million in liquidity. CoinFLEX is striving fast to recover as much liquidity as possible. CoinFLEX, a cryptocurrency investment platform, is proceeding with its plan to collect $84 million in money by initiating arbitration proceedings in Hong Kong against an individual account holder. Sudhu Arumugam […]