SEC Scores Default Win Against Thor Token Company and Founder David Chin
Default judgements typically occur when the opposing party fails to take certain action, either failing to attend a trial or meet certain deadlines for filing documents.
Financial
Bitcoin Inches Closer to $30K as ETF Hope Drives Bulls
Bitcoin forks led alternative token gains in the past 24 hours, outpacing major tokens.
XRP Registers Biggest Single-Day Gain in 3 Months After SEC Drops Charges Against Ripple’s Leaders
XRP gained 6.5%, the biggest single-day percentage rise since July 13.
Sam Bankman-Fried’s Lawyers, DOJ Propose Final Sets of Jury Instructions
The parties to the criminal fraud trial expect to wrap up witness testimony in the coming weeks.
SEC Drops Charges Against Ripple CEO Garlinghouse, Chairman Larsen
The regulator had included them as defendants in securities violation case, and the agency now says it’s just pursuing Ripple for damages.
Binance Says It Has Onboarded New Euro Fiat Partners for Deposits, Withdrawals
Paysafe, the crypto exchange’s former service provider for euro transfers, ended support last month.
Grayscale ETF Case’s Final Word Coming in Federal Court as SEC Loss Formalized
The court that ordered the SEC to scrap its rejection of Grayscale’s spot bitcoin ETF application will set that ruling in stone by Monday.
U.S. Treasury Seeks to Name Crypto Mixers as ‘Money Laundering Concern’
Under pressure to address reports that Hamas and other terrorist groups are partially funded with crypto, Treasury’s FinCEN proposed a rule to categorize mixers as a threat.
Bitcoin Eyes $29K, Defying Fresh Crypto Lawsuit, Rate Fears
The New York Attorney General filed early Thursday a lawsuit against Genesis, Gemini and DCG for allegedly defrauding investors of $1 billion.
‘Absolutely Not’: FTX’s Former General Counsel Says He Never Approved Loans of Customer Funds
Can Sun, FTX’s general counsel from August 2021 to the time of the exchange’s collapse in November 2022, testified in the Sam Bankman-Fried fraud trial.