legal

Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability. For example, an apartment lease legally binds the lessor and the lessee.

Report: UK CBDC Will Need New Finance and Data Laws
Report: UK CBDC Will Need New Finance and Data Laws
May 22, 2023  |  CBDC

If the United Kingdom wants to launch a digital pound, it will need to update its finance and data laws. That’s according to a Monday...

READ MORE >
Meta Hit With Landmark $1.3 Billion EU Privacy Fine
Meta Hit With Landmark $1.3 Billion EU Privacy Fine
May 22, 2023  |  Meta

Meta Platforms has been fined a record $1.3 billion for violating Europe’s data privacy law. The fine, announced Monday (May 22) by the Irish Data...

READ MORE >
FTX Subsidiaries Sue to Claw Back $6.9 Million From Embed
FTX Subsidiaries Sue to Claw Back $6.9 Million From Embed
May 18, 2023  |  Legal

Two of FTX’s businesses are suing to recover $6.9 million from Embed Financial. Alameda Research (FTX’s former sister trading firm) and FTX US (aka West Realm Shires), alleged in a court...

READ MORE >
SEC Says Coinbase Not Entitled to Clarity on Crypto Rules
SEC Says Coinbase Not Entitled to Clarity on Crypto Rules
May 17, 2023  |  Cryptocurrency

The relationship between Coinbase and the U.S. Securities and Exchange Commission (SEC) is growing irreparable. After dynamics between the two curdled substantially during the past...

READ MORE >
IRS Targets FTX While US Chamber of Commerce Backs Coinbase
IRS Targets FTX While US Chamber of Commerce Backs Coinbase
May 12, 2023  |  Legal

The taxmen are coming for the estate of Sam Bankman-Fried’s bankrupt FTX crypto exchange. And they want the collapsed firm and its affiliates to pay...

READ MORE >
Bankman-Fried Wants Bulk of Charges in FTX Case Dismissed
Bankman-Fried Wants Bulk of Charges in FTX Case Dismissed
May 09, 2023  |  Legal

Accused cryptocurrency fraudster Sam Bankman-Fried wants most of the charges against him thrown out. In court documents filed late Monday (May 8), the founder of...

READ MORE >
JPMorgan Ordered to Pay Frank Founder’s Legal Fees
JPMorgan Ordered to Pay Frank Founder’s Legal Fees
May 08, 2023  |  Legal

J.P. Morgan Chase must pay the legal fees of a disgraced FinTech founder it is suing. That’s according to a court ruling Monday (May 8),...

READ MORE >
SEC Crypto Enforcement Actions on Track to Outpace 2022
SEC Crypto Enforcement Actions on Track to Outpace 2022
May 05, 2023  |  Cryptocurrency

The Securities and Exchange Commission (SEC) isn’t backing down on cryptocurrency regulation by enforcement. While the crypto industry has criticized the SEC for failing to...

READ MORE >
Bed Bath & Beyond Claims Shipping Company ‘Exploited Customers’
Bed Bath & Beyond Claims Shipping Company ‘Exploited Customers’
May 04, 2023  |  Retail

Bed Bath & Beyond is seeking reparations from a shipping company it says “exploited customers.” The bankrupt retailer filed its complaint against Orient Overseas Container Line Limited and OOCL (Europe)...

READ MORE >