You enter into a contract in good faith with another business with the goal of maximizing profits and growth together. The agreement contains cryptocurrency investment details that on the surface, seemed like a good idea. When the transactions turn out to be a scam,...
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Crypto and Digital Currencies
The SEC Withdraws 14 Proposed Rules from March 2022 to November 2023
On 12 June 2023, the SEC withdrew fourteen proposed rules from March 2022 to November 2023 that had been proposed when Gary Gensler served as Chair of the SEC. These withdrawn proposed rules had been targeted by the House Financial Services Committee. The SEC will not...
Developers of Decentralized Exchange Are Not Liable for Fraud Committed by Third Parties on the Exchange
On 26 February 2025, the Court of Appeals for the Second Circuit ruled that developers of “computer codes that facilitate the transfer of cryptocurrency on a decentralized exchange” are not liable for fraud committed by third parties on the decentralized exchange. In...