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.
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 📈.
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