๐ US federal judge rejects SEC appeal over huge loss against Ripple! XRP price increased by 5% on the news. ๐ฒ Judge Analisa Torres stated that the SEC did not fulfill its legal obligations. However, it is not a total loss for the SEC, with a hearing date set for April 2024 to resolve other matters.
๐ The US Department of Justice stated that the lack of a clear crypto legal framework in the US did not prevent it from filing fraud charges against FTX founder Sam Bankman-Fried. Bankman-Fried's trial began Tuesday, and he pleaded not guilty to accusations from FTX of misusing customer funds.
๐ A new decentralized finance data platform could form the basis for future regulation of crypto market players, according to a study published by the Bank for International Settlements (BIS). Project Atlas was initially used to map major international flows between crypto exchanges.
๐ The US Department of Justice stated that the lack of a clear crypto legal framework in the US did not prevent it from filing fraud charges against FTX founder Sam Bankman-Fried. Bankman-Fried's trial began Tuesday, and he pleaded not guilty to accusations from FTX of misusing customer funds.
๐ A new decentralized finance data platform could form the basis for future regulation of crypto market players, according to a study published by the Bank for International Settlements (BIS). Project Atlas was initially used to map major international flows between crypto exchanges.