From the Blockchain Association to the Chamber of Commerce and House Financial Service Committee — last week was marked by a series of attacks on the SEC's efforts to regulate crypto.
Another reason for criticizing the SEC was its “legal threat” to Coinbase in late March, accusing it of “
.” The U.S.-headquartered crypto exchange filed a complaint, supported by a U.S. Chamber of Commerce amicus brief last week., accusing the SEC of deliberately creating a precarious and uncertain landscape for crypto companies operating in the country. Paradigm — the crypto investment firm led by Coinbase co-founder Fred Ehrsam — has also filed an amicus brief.
to force it to comply with a Freedom of Information Act request for access to communications between former Commission officials and their former and future employers.in its suit that the former SEC officials had a potential conflict of interest regarding cryptocurrency. The lawsuit specifically mentioned former SEC chair Jay Clayton, former enforcement division director Marc Berger and former director of corporate finance William Hinman.
The court has accepted the proposed bail offer for Kwon and Terraform Labs chief financial officer Han Chang-Joon of 400,000 euros each. This is in addition to being put under house arrest instead of being taken into custody. According to the documents, if the house arrest is compromised, the bail will be entered into a “special section” of the court’s working budget. The current criminal trial in Montenegro is anticipated to start on June 16.
Bankman-Fried was initially extradited to the U.S. from the Bahamas to face eight criminal charges of alleged fraud and money laundering. However, his legal team argues that four of the five additional charges, which have since been added, “violates the Treaty’s rule of specialty provision.” Under the “rule of specialty,” the requesting state is generally bound to trial the extradited offender only for the offense for which they were extradited.
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