A New York judge ruled that the U.S. Securities and Exchange Commission’s complaint against Gemini and Genesis “plausibly alleges” that the two firms violated securities laws. The Wednesday motion tosses out the two firms’ motions to dismiss filed last May. Up to 340,000 Gemini Earn customers have had their crypto stuck in limbo since November … Read more
Terraform Labs has been allowed to hire law firm Dentons by a U.S. court, Reuters reported on Wednesday. Terraform’s creditors, the SEC, and the U.S. Justice Department objected to Terraform hiring Dentons in February. Last month, Terraform’s creditors, the SEC, and the U.S. Justice Department objected to Terraform hiring Dentons after it had filed … Read more
Thailand’s cabinet on Tuesday approved a tax exemption for crypto earnings to encourage fundraising via investment tokens, multiple local news outlets reported. Under the exemption, holders of investment tokens that have had the 15% capital gains tax withheld don’t need to include the profits when calculating their income tax, essentially ending a scenario of … Read more