The week’s legal showdowns in the crypto world ?️
The courtrooms are buzzing this week with legal battles involving several high-profile cases. Let’s take a look at the key developments happening/to happen this week -
TODAY: Custodia Bank vs. Federal Reserve: Major Legal Talent Joins the Case
- In just a few hours you will witness the legal counsel of Custodia Bank present in Court to appeal against the Federal Reserve.
- The two high-profile lawyers, Ian Gershengorn and Michelle Kallen, are set to file a notice of appearance today.
- The case will have a broader impact on the U.S. market regulator’s stance on the crypto market.
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MAY 10: SEC vs. Coinbase: Awaiting Responses in Two Legal Battles
- The 10th of May, Friday, is a crucial date for the Coinbase vs SEC case as the Commission is placed with a deadline to file its response in two separate cases.
- Coinbase’s request for an interlocutory appeal aims to address a “controlling question” in its case against the SEC.
- The implications for the SEC’s jurisdiction over crypto transactions could be significant if the court grants the appeal.
- Coinbase is challenging the SEC’s refusal to create clear regulations for the crypto industry.
- The SEC is set with the deadline of May 10 to file their response brief on this matter.
Response to Interlocutory Appeal
Response to SEC’s Refusal to Do Crypto Rule-Making
LATEST: Robinhood Receives Wells Notice from SEC
- The digital assets arm of Robinhood Crypto has received a Wells notice from the SEC, making headlines recently.
- The SEC is likely to take enforcement actions based on this notice.
- Robinhood believes that the assets on their platform are not securities.
WHAT’S NEXT?
- As we start the week, we have 3 cases that will impact the crypto world. Keep an eye out for updates on these cases as well as any new developments that may arise unexpectedly!
Hot Take ?
Stay informed about the ongoing legal battles in the crypto industry to understand the evolving regulatory landscape ?. Make sure to follow these cases closely to gauge their potential impact on the market ?.
