ETF issuer Osprey Funds is asking a Connecticut court judge to review its decision that Grayscale Investments prevailed in a $2 million unfair trading lawsuit against the bitcoin fund of asset manager Grayscale Investments. Osprey filed a motion for reargument in the Connecticut Superior Court on Feb. 10, claiming that Judge Mark Gould's Feb. 7 ruling, which expanded the exemption under the Connecticut Unfair Trade Practices Act, was made "before the evidence was available."
Judge Ann Marie McKeefe Allen of the US District Court for the District of Utah said the Securities Exchange Commission (SEC) had sufficiently charged that Green Boxes combined with escrow agreements constituted securities. The case is different from an investigation into whether digital assets and their transactions meet the investment contract test. Green United LLC failed to persuade a federal court to dismiss a civil fraud lawsuit brought against it by the SEC. The SEC filed a lawsuit in Mar...
On August 30, according to Cointelegraph, Brazilian Supreme Court Justice Alexandrede Moraes said that if Elon Musk does not appoint a legal contact to represent X's business in Brazil, the company's X social media platform will be suspended in Brazil until August 29, 2024. Two weeks ago, X said that Supreme Court Justice Alexandrede Moraes threatened to arrest him in Brazil.