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Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week (Mar 11 - Mar 17)? 1/ Yuga Labs has filed a new lawsuit against artist Ryder Ripps for copying the BAYC collection and failing to comply with a previous court decision. Ripps claimed he lost access to the wallets containing the copied NFTs.
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Philipp Petkevitch
@petkevitch
2/ Coinbase contests SEC's refusal to clarify its authority, labeling the decision as "arbitrary and capricious," an abuse of discretion, and a violation of the Administrative Procedure Act.
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Philipp Petkevitch
@petkevitch
3/ A Texas resident faces charges for evading cryptocurrency tax obligations, potentially leading to five years in prison per count of structuring and three years per count of filing false tax returns.
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Philipp Petkevitch
@petkevitch
4/ Williams v. Binance case questions extraterritorial application of the US laws to cryptocurrencies. 5/ Biden administration suggests a 30% tax on mining companies' electricity use. 6/ Craig Wright is not Satoshi Nakamoto or the author of the Bitcoin whitepaper, U.K. Judge James Mellor ruled.
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