News list for " Revocation"
The Securities Exchange Commission has agreed to drop its lawsuit against Coinbase pending approval from its commissioners. The SEC has decided to drop all charges against Coinbase for operating an unregistered exchange and listing unregistered securities. Halting the regulator's core legal objections will shift the focus from the courts to Congress to determine the operating standards of cryptocurrencies in the United States. According to the lead lawyer for Coinbase, the Securities Exchange Co...
On December 3, according to the Korea Herald, late Tuesday night, South Korea's president declared a state of martial law. However, if the opposition-controlled National Assembly votes to repeal the martial law, the decree will be short-lived. After South Korean President Yoon Seok-yuk made the unexpected move, the opposition Democratic Party quickly mobilized to repeal the decree, despite earlier reports that access to the National Assembly building was blocked under the emergency decree. Democ...
FTX creditors have voluntarily dropped a class action lawsuit against U.S. law firm Sullivan & Cromwell (S & C). On February 16, a group of FTX creditors sued the law firm, alleging that it had financially benefited from its role in FTX's multibillion-dollar fraud. The lawsuit seeks damages for civil conspiracy, aiding and abetting breach of fiduciary duty, and aiding and abetting fraud. S & C served as external counsel on multiple FTX transactions and was responsible for overseeing FTX's bankru...
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...
The House of Representatives failed to overturn Mr. Biden's veto to repeal the SAB 121 bill, according to market sources. "To override the considered judgment of SEC staff in this way risks undermining the SEC's broader authority on accounting practices," Mr. Biden said in an official statement on May 31. "My administration will not support measures that endanger the well-being of consumers and investors," Mr. Biden said.
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