News list for " Federal Law"
A U.S. federal judge has sentenced HDR Global Trading Limited, also known as the parent company of cryptocurrency exchange BitMEX, to two years of non-supervised probation and a $100 million fine. On January 15, at a hearing in the U.S. District Court for the Southern District of New York, Judge John Koeltl ruled against BitMEX. About six months ago, the cryptocurrency exchange admitted to violating the U.S. Bank Secrecy Act (BSA).
A U.S. federal judge rejected the SEC's request for sanctions against Elon Musk for his absence from testifying in court orders related to his $44 billion acquisition of Twitter. Judge Jacqueline Scott Corley ruled that Musk did not need sanctions when he testified on October 3 and reimbursed the SEC $2,923 in travel expenses. The SEC argued that Musk violated the May 31 order and sought a stronger deterrent, but Corley argued that the issue was moot. Musk blamed his September 10 absence on...
On Tuesday, United States Federal Judge Stan Baker rejected a request by the Georgia Republican Party to reject absentee ballots that had been handed over in several counties. The Republican party had accused the counties of illegally accepting ballots after early voting ended, but Judge Baker called it "critical" of counties that allowed voters to cast ballots over the weekend, arguing that the extended voting time did not constitute a "material difference."
A U.S. federal judge has said she will not prevent the Department of Justice from deploying surveillance personnel at polling stations in St. Louis, dismissing a lawsuit filed by Republican officials in Missouri who said the department could send observers to election sites in St. Louis and Texas.
Federal Judge Tanya Chutkan released evidence in Trump's election immunity lawsuit on October 18 local time, failing to delay publication until after the November 5 US Presidential Election. Previously, the US Supreme Court ruled on July 1 that Trump enjoys a degree of immunity from criminal prosecution in federal cases of alleged "interference in the 2020 election", but is not entitled to immunity from prosecution for actions taken in a private capacity, and directed lower courts to reconsider ...
On October 9, the Department of Justice told a federal judge that the Justice Department is considering a proposal to force Google to sell some of its businesses in order to mitigate the damage caused by its monopoly on the online search market. In a court filing on Tuesday, the Justice Department said Judge Amit Mehta could also force Alphabet to provide information used to build search results and artificial intelligence products.
A Brazilian federal judge has ordered the dismissal of criminal charges against Johann Steynberg, the late CEO of Bitcoin Ponzi scheme Mirror trading International (MTI), after a police investigation confirmed reports of his death. Steynberg's death certificate has been added to the case file. After the news was revealed, some of the victims immediately slandered the claims. Some believe that Steynberg may have faked his death. At the time of his death, Steynberg's death certificate revealed tha...
A federal judge in the United States ruled Monday that Google (GOOG. O) 's maintenance of an online search monopoly is illegal, a decision that strikes at the power of big tech companies and could fundamentally change the way they do business. U.S. District Court Judge Amit P. Mehta said Google had abused its monopoly on search. The Justice Department and states sued Google, accusing it of illegally solidifying its dominance, in part by paying billions of dollars a year to other companies like A...
A federal court in Illinois has ordered cryptocurrency hedge fund Jafia LLC and its owner, Sam Ikkurty, to pay $84 million to settle allegations of "Ponzi-like" cryptocurrency fraud by the Commodity Futures Trading Commission.
A federal judge in the United States upheld most of the SEC's charges against Binance, arguing that the company may have violated anti-fraud rules by offering unregistered investment products. The ruling found that most of the agency's arguments were reasonable and rejected some of Binance's arguments, which were also rejected by other judges, such as the Major Questions Doctrine, which means the SEC does not have the authority to fully regulate the cryptocurrency industry. In addition, the cour...
A federal judge has dismissed part of the Securities Exchange Commission's (SEC) lawsuit against cryptocurrency trading platform Binance and its founder, CZ. The SEC's initial coin offerings against Binance and ongoing sales of BNB, BNB Vault, pledge services, non-registration, and fraud charges can proceed. The judge granted Binance and CZ's motion to dismiss charges related to secondary market BNB sales and Simple Earn.
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