Poloniex, Bittrex Want Kyle Roche’s Law Firm Removed From Class-Action Against the Exchanges

Following the controversy surrounding Kyle Roche, the attorney and founding partner of the litigation firm Roche Freedman LLP, the two crypto exchange firms Bittrex and Poloniex want the law firm removed from the class-action lawsuit against them. Similar to the attorney representing Tether, the lawyers representing Bittrex and Poloniex argue that “Mr. Roche’s recent statements raise serious concerns.” Poloniex, Bittrex Lawyers Want Roche Freedman LLP Removed From a Lawsuit Against the Exchanges Bittrex and Poloniex want the law firm Roche Freedman LLP removed from a specific class-action lawsuit filed against…

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Tether Asks Court to Remove Crypto Boutique Law Firm Roche Freedman From Class-Action Lawsuit

Kyle Roche, an attorney and founding partner of the crypto boutique litigation firm Roche Freedman LLP, recently withdrew from a number of class-action lawsuits initiated by the law firm. The attorney’s withdrawal follows videos that circulated showing the lawyer discussing associations with cryptocurrency companies. After the attorney’s initial filing, the stablecoin issuer Tether is requesting that the litigation firm Roche Freedman be removed from the class action against the company. Tether Wants Law Firm Roche Freedman Removed From Class-Action Lawsuit Elliot Greenfield of Debevoise & Plimpton LLP has written to…

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Russian Crypto Mining Giant Bitriver Considers Challenging US Sanctions

Russia’s Bitriver, one of the largest operators of crypto mining data centers, may take legal action against the U.S. over the decision to place it under sanctions. The company insists it does not help the Russian government to circumvent international restrictions. Bitriver Rejects US Accusations as Unfounded, Sees No Legal Ground for Sanctions Leading Russian mining enterprise Bitriver is considering filing a lawsuit against the U.S. Treasury Department, which recently designated the Swiss-registered company and a number of affiliated entities in a new round of sanctions against Russian businesses and…

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Over 6,000 XRP holders volunteer as third-party defendants in SEC lawsuit

[ad_1] XRP tokenholders have attempted to insert themselves as third-party defendants in the United States Securities and Exchange Commission’s lawsuit against Ripple Labs. A motion to intervene was filed by John Deaton of Deaton Law Firm on Sunday on behalf of over 6,000 XRP holders. Deaton, himself an XRP holder, argued that the interests of tokenholders were not being adequately represented in the securities lawsuit against Ripple Labs and its executives. Deaton’s argument builds upon the refutation of any securities violations by Ripple Labs. Specifically, if XRP is not a security…

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Ripple Achieves ‘Strongest Year Ever’ Despite SEC Lawsuit Over XRP, Says CEO – Regulation Bitcoin News

[ad_1] Ripple has achieved the “strongest year ever” despite the lawsuit over XRP by the U.S. Securities and Exchange Commission (SEC), according to CEO Brad Garlinghouse. “Calling crypto the ‘Wild West’ is a farce,” he said, emphasizing that “most are complying with financial regulators globally.” Ripple Has Best Year Despite SEC’s Lawsuit Over XRP Ripple CEO Brad Garlinghouse talked about his company’s achievement and cryptocurrency regulation in a series of tweets Wednesday. He explained that despite the lawsuit over XRP, Ripple had the “strongest year ever.” The U.S. Securities and…

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Medical Q&A platform Ask The Doctor files lawsuit against Shiba Inu, engages war of words on Twitter

[ad_1] Tuesdays can be boring, but an ongoing Twitter drama is captivating the attention of many blockchain enthusiasts. Ask The Doctor, a Canadian medical questions and answers website, announced that it would be suing Shytoshi Kusama, volunteer project lead of meme token Shiba Inu (SHIB), for alleged libel and will attempt to uncover his personal identity in court. Kusama immediately fired back, alleging that “it is illegal [for Ask The Doctor] to take people’s money for a service it never provides.” Tell your legal team that it is illegal to…

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Judge rejects class certification in $400M Mt Gox fraud lawsuit

[ad_1] A federal judge has rejected a bid for class certification from clients of the defunct Japanese Bitcoin exchange Mt. Gox, which was forced into bankruptcy in 2014 following a major hack. Judge Gary Feinerman made the declaration in the U.S. District Court for the Northern District of Illinois on Tuesday, June 22 saying it would require 30,000 “mini-trials” to find otherwise. The move handed a victory to former Mt. Gox CEO Mark Karpeles, who has argued that a compensation plan in Japan would serve better than litigation in the…

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US Judge Orders Both Parties from the XRP Lawsuit to Hold a Discovery Conference – Regulation Bitcoin News

[ad_1] In a fresh twist to the Securities and Exchange Commission (SEC)’s fight against Ripple Labs, US judge Sarah Netburn has directed both parties to hold “a telephonic discovery conference on Tuesday, April 6, 2021.” The judge’s order directs the parties to discuss a motion to compel filed by Ripple’s lawyers. Motion to Compel On March 15, lawyers representing current Ripple Labs CEO Brad Garlinghouse and Christian Larsen had asked Judge Netburn to compel the SEC to produce documents relating to the regulator’s lawsuit against the fintech firm. In their…

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