U.S. Judges Demand SEC ‘Explain Itself’ for Rebuffing Requests for Crypto Rules
In another 11th-hour court loss for Chair Gary Gensler’s tenure, judges in a Coinbase case again call the SEC’s crypto position “arbitrary and capricious.”
Federal Court
Tornado Cash Sanctions Overturned by U.S. Appeals Court; TORN Soars Over 500%
A U.S. federal appeals court has delivered a major legal victory to the crypto sector by throwing out the U.S. Treasury Department’s earlier effort to directly sanction crypto mixing service Tornado Cash.
The court found that the government didn’t have the proper tools to include the actual technology underpinning the service as a sanctioned entity.
Tornado Cash’s native token, TORN, rocketed up by over 500% in the hours following the ruling.
Australian Court Hands Over $41 Million of Crypto Held by Blockchain Mining Group at Regulator’s Request
An Australian federal court agreed to a petition by markets regulator ASIC to hand over some US$41 million in digital assets invested by over 450 Australians with the mining companies to specialists from advisory and restructuring company McGrathNicol.
Maine Man Charged in Federal Court for Assaulting and Impeding Law Enforcement Officers During U.S. Capitol Breach
Kyle Fitzsimons of Lebanon, Maine, appeared in court on charges stemming from his assault on local law enforcement officers during the riots at the U.S. Capitol.
Central Idaho Drug Conspiracy Charged in Federal Court
Ryan James Cook, Richard Gordon Bashaw, and Justina Maemarie Foster of Idaho were arrested on February 27, 2020, on federal gun and drug charges.
Three Defendants Plead Guilty in Federal Court to Sex Offenses Involving Minors
Joshua T. Haynes, Matthew David Lambert, and Joshua Kevin Laxton appeared in federal court to plead guilty to sex offenses involving minors.
Baton Rouge Man Pleads Guilty in Federal Court in Connection with Mexican-Based Drug Trafficking Organization
Jaime Gabriel Grimaldi Pena pleaded guilty to conspiracy to possess with intent to distribute and to distribute five kilograms or more of cocaine and heroin.
Two Men Appear in Federal Court for Roles in Methamphetamine Conspiracy
Marquis Edward Henderson and Rigoberto Fernandez, Jr. appeared in court for conspiracy resulting in the distribution of large quantities of methamphetamine.
Mexican Citizen Charged in Federal Court with Illegal Reentry Into the United States, Drug Distribution, and Firearms Charges
Jose Facio-Santos, a Mexican citizen, has been charged with illegal reentry by a previously deported alien.
Eight Milwaukee Defendants Charged in Federal Court with Heroin Conspiracy
Eight Milwaukee defendants were arrested and indicted for offenses related to a conspiracy to distribute heroin and distribution of heroin.