Law

In Congress, a New Bill Asks for Mass Survey of Blockchain Technology in the US

On May 19, Representative Brett Guthrie (R-KY) introduced the “Advancing Blockchain Act.” Per a May 18 draft of the legislation obtained by Cointelegraph, the bill asks the Federal Trade Commission and the Secretary of Commerce to put together a new survey of blockchain’s uses and the state of adoption in the United States. Establishing jurisdictions …

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Motions Fly High as Craig Wright Set to Face Kleiman Estate in Court

The crypto news headlines at the start of May with regard to Kleiman v. Wright were mostly variations on the theme of Craig Wright’s Satoshi case going to trial. The two parties appear well entrenched in their positions, and lawyers for both sides have said they expect the trial to begin as scheduled on July …

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Overstock Wants Lawsuit Nixed Ahead of Security Token Distribution

Online retailer and early Bitcoin adopter Overstock has filed for the dismissal of a lawsuit that accuses the company of misrepresenting the nature of its ‘digital dividend’ token. The dividend is a security token airdrop that will see ‘OSTKO’ tokens distributed to company shareholders on a basis of one token to every ten Overstock shares. …

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Bitcoin Is a Digital Asset Says Intermediate People’s Court in China

The Shanghai No. 1 Intermediate People’s Court publicly announced an appeal for a Bitcoin foreign property damage compensation dispute on May 6, according to Baidu news.  The second Court trial’s findings indicated that Bitcoin is a digital asset and should be protected by the law. All Bitcoin obtained through illegal means should be returned or …

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Ripple Hit with Another Lawsuit Alleging XRP Security Laws Violations

Attorneys for a company called Bitcoin Manipulation Abatement LLC have filed a lawsuit in a U.S. federal district court alleging Ripple misled investors and sold XRP as an unregistered security in violation of federal law.  According to court documents filed May 1, the mysterious entity with little online presence accused Ripple and its Chief Executive …

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Supreme Court broadcasts oral arguments live for the first time

Sponsored Links Drew Angerer/Getty Images The COVID-19 pandemic has dragged the US Supreme Court into the modern era, if just for a little while. The institution has held oral arguments for a case (Patent and Trademark Office v. Booking.com) over teleconference for the first time, including live online broadcasts. Until now, the only way for …

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Senate bill would set privacy requirements for COVID-19 tracking

Sponsored Links Alexi Rosenfeld/Getty Images Now that COVID-19 lockdowns are slowly starting to lift in the US, a group of senators want to set privacy expectations for the contact tracing apps that could help keep the virus in check. Senators Marsha Blackburn, Jerry Moran, John Thune and Roger Wicker plan to introduce (via iMore) a …

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Google Keeps Promoting Crypto Scams Despite Strict Crypto Policies

While Google’s subsidiary, YouTube, is facing a lawsuit for promoting cryptocurrency scams, Google’s advertising platform continues to display fraudulent crypto ads through its advertising network. According to a report by Bitcoin (BTC) crypto exchange, CoinCorner, Google Ads was running an ad for CoinCorner’s phishing clone website, CoinCornerr.com. The issue was reported by CoinCorner’s marketing manager, …

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