LEGAL
UK Introduces Bill to Classify Crypto and NFTs as Personal Property
The UK has introduced a bill to classify cryptocurrencies and NFTs as personal property, enhancing legal protections for owners and clarifying their legal status.
SFC Initiates Legal Action Against SoftMedx Healthcare and Former Directors
The SFC has commenced legal proceedings against SoftMedx Healthcare Limited and its former directors for alleged regulatory violations.
Three Sentenced in Landmark Market Manipulation Case
Three individuals have been sentenced to prison terms ranging from 52 to 80 months in a landmark market manipulation case, according to the SFC.
WordSmith Enhances Legal AI Operations with LangSmith Integration
WordSmith leverages LangSmith for prototyping, debugging, and evaluating LLM performance, enhancing operations for in-house legal teams.
Tse Tsun Wai Convicted and Fined for Unlicensed Activity
Tse Tsun Wai has been convicted and fined for engaging in unlicensed financial activities, according to the Securities and Futures Commission.
HK SFC: Sentencing Adjourned in Market Manipulation Case
Sentencing in a significant market manipulation case has been postponed, according to the Securities and Futures Commission.
Crypto Regulatory Developments: Congressional Review Act, DOJ Charges, and More
A summary of recent regulatory actions and legal developments impacting the global crypto industry, for the period May 5 – May 20, 2024.
Yuga Labs Legal Battle Escalates as Defendants Allegedly Thwart Court Orders
Yuga Labs' lawsuit sees non-compliance accusations against defendants, potentially impacting the NFT and cryptocurrency landscape.
The Rescheduling of Changpeng 'CZ' Zhao's Sentencing Reflects Legal Complexities and Implications
Changpeng "CZ" Zhao, founder of Binance, faces a legal hurdle as his money laundering charges are postponed to April 30. The case highlights the ongoing struggle between cryptocurrency entities and regulatory bodies, raising questions about digital asset future.
US Court Approves Sealed Settlement in BlockFi vs. 3AC Dispute
A US judge approved a confidential settlement between BlockFi and Three Arrows Capital, aiming to resolve financial disputes without further litigation. The details remain sealed to protect sensitive information amidst BlockFi's bankruptcy proceedings and its implications on the broader crypto market.