The protracted legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has come to a definitive close. Both parties have jointly requested the Second Circuit Appeals Court to dismiss their respective appeals, effectively cementing the long-awaited outcome of one of the crypto industry’s most pivotal lawsuits. This milestone resolution removes a…
Roman Storm’s remarkable rise from self-taught programmer to co-creator of Tornado Cash and now a high-profile criminal defendant captures both the promise and the peril of building in crypto’s fast-moving privacy sector. The 36-year-old developer, celebrated for his technical ingenuity, now stands at the center of a watershed court case that could redefine the legal…
Paxos, a leading crypto infrastructure provider, has agreed to a $48.5 million settlement with the New York Department of Financial Services (NYDFS) following allegations that the company failed to uphold robust anti-money laundering (AML) and Know Your Customer (KYC) standards in its partnership with Binance. The regulatory crackdown and subsequent penalty highlight intensifying scrutiny on…
