South Carolina Passes Law Banning CBDCs While Protecting Crypto Users, Bitcoin Miners
In brief Senate Bill 163 was signed into law by South Carolina Governor Henry McMaster on Tuesday. The bill effectively bans the use of CBDCs...
Tag : law
Minnesota crypto custody law lets banks hold assets from Aug. 1
Minnesota has signed a new crypto custody law that lets banks and credit unions hold digital assets for customers from Aug. 1. Summary Minnesota banks...
A Lawsuit Just Demanded Tether Hand Over $344 Million in Frozen Iranian Funds, Could This Rewrite Stablecoin Law?
Attorney Charles Gerstein filed a claim in Manhattan federal court Thursday seeking to force Tether to transfer 344,149,759 USDT, roughly $344 million, frozen at two...
US law firm files motion requesting redistribution of $344M USDt linked to Iran
Law firm Gerstein Harrow LLP filed a new motion on Thursday in a miscellaneous enforcement lawsuit, asking the court to compel stablecoin company Tether to...
Law firm Fenwick & West sued for $525M over alleged role in FTX collapse
A group of 20 victims from five countries or jurisdictions has filed a $525 million lawsuit against Fenwick & West LLP, one of Silicon Valley’s...
Law enforcement freezes $41M connected to $150M crypto Ponzi collapse
Investment group BG Wealth Sharing, a suspected $150 million crypto Ponzi scheme, has had its domain seized by law enforcement days after allegedly rug-pulling users....
Colorado Lawmakers Move to Replace Contentious AI Law With New Rules
In brief Colorado lawmakers plan to repeal and replace the state’s AI law, SB24-205. New rules would regulate AI used in high-stakes decisions like jobs...
US law firm attempts to block transfer of frozen ETH from Kelp exploit
A US law firm has filed a restraining notice to block the transfer of frozen Ether from the Kelp exploit, arguing that its clients are...
Elon Musk’s Fight With Colorado Over AI Law Hits Pause as State Considers Revisions
In brief xAI and Colorado jointly moved to pause the lawsuit over SB24-205. Enforcement of Colorado’s AI law is on hold while lawmakers consider amendments....
Trump DOJ Backs Elon Musk's xAI in Fight Over Colorado AI Bias Law
In brief The DOJ moved to intervene in xAI’s lawsuit challenging Colorado’s AI discrimination law. The department argues the law violates the Constitution by requiring...