Law & Policy

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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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.

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.

7/ Binance's CZ Passport Surrender: Altered bail conditions demand CZ hands over his passport. 

8/ Binance Executives Detained in Nigeria: Remain in custody until March 20 amid ongoing legal matters.

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.