Texas State

The U.S. Securities and Exchange Commission (SEC) may have just been gelded by the Supreme Court, but the agency is going down schwinging with a new civil suit against blockchain software firm Consensys. On June 28, the SEC filed a civil complaint against Consensys Software Inc. for failing to register...

SEC sues Consensys over unregistered securities as Supreme Court defangs federal agencies

Binance.US said the Securities and Exchange Commission has yet to identify evidence of wrongdoing by the American entity. A federal judge ruled on Friday that the court upheld most of the SEC’s charges against Binance.US. Binance.US, the American arm of the world’s largest cryptocurrency exchange, said that it was...

Binance.US says it’s ‘prepared’ for discovery as legal battle with SEC advances

Over the past few days, Coinbase and Ripple have pointed to a lack of clarity on how crypto is regulated in filings submitted in their respective cases. Both firms point judges to a decision made in the SEC’s case against Binance last week that dismissed the agency’s claim that the secondary sales of BNB were securities.

Ripple and Coinbase aim to leverage judge's ruling in SEC's Binance case

Binance US is preparing for a legal battle against the Securities and Exchange Commission (SEC) after the District Court for the District of Columbia determined the SEC’s lawsuit would continue. The exchange remains confident in its case after Judge Amy Berman Jackson dismissed several “key claims” in the lawsuit.

Binance ‘Confident’ In Legal Battle Against SEC: Judge Rejects Main Claims

Coinbase has filed a notice in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), citing a recent court ruling in favor of Binance. The ruling from Judge Jackson in the SEC v. Binance Holdings Limited case late last month dismissed the SEC's claim secondary market transactions in the BNB token on Binance's platform were investment contracts.

Coinbase Puts SEC on Notice: ‘Liability Shouldn't Depend on Which Court You Get Sued In’

The United States Supreme Court has voted to overturn a 40-year-old court decision, known as ‘Chevron,’ which defers to federal agencies to interpret the law how they see fit. Some in the digital asset industry have viewed the decision as a win, particularly those critical of how the Securities Exchange and Commission (SEC) has enforced its mandate in the space, while others have warned of it creating legislative issues.

US Supreme Court’s decision to overturn Chevron a win for digital assets but a loss for legislation

“Bottom line: Absent Congressional action, the move to Schedule III just isn’t going to happen anytime soon.”. The regulatory state has been in full force since, ironically, 1984, with the institution of the Chevron doctrine. Chevron has required courts to defer to the expertise of administrative agencies when the legislative intent of an underlying law is ambiguous, which made it a cornerstone of how regulators and businesses interact.

The Supreme Court Nuked Cannabis Rescheduling With Its Chevron Ruling (Op-Ed)

Kentucky State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

Virginia State

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Margaret Minnicks

Have you ever been out and about and needed to use a bathroom in an emergency? If you asked a restaurant, retailer, or other business if you could use their bathroom, they might have told you they had one for employees only. That situation is going to change in Virginia on July 1, 2024.

New Virginia law allows restroom access for those with medical issues in an emergency

North Dakota State

Watford City, ND

The Supreme Court ruled Monday that a lawsuit by a North Dakota merchants group challenging a debit card interchange rate set by the Federal Reserve can proceed. The case, filed in 2021, had been blocked previously because a lower court ruled, and an appellate court agreed, that the complaint was barred by a six-year statute of limitations. But the Supreme Court disagreed in a 28-page opinion issued Monday, saying that the statute of limitations didn’t apply “until the plaintiff is injured by final agency action,” and therefore the lawsuit isn’t extinguished in this instance.

Supreme Court lets complaint on debit fees proceed

Salon

The Supreme Court voted along party lines in a historic decision on Friday, ruling against the government in a pair of cases — Loper Bright Enterprises v. Raimondo and Relentless, Inc. v. Department of Commerce. The conservative judges sided against the liberals, setting a precedent gutting the power of regulatory agencies to protect the environment and consumers.

"Power grab": Supreme Court guts agency power, posing "devastating" environmental risks

Newark, NJ

Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

This story first ran in Financial Advisor IQ sister publication FundFire. The Securities and Exchange Commission may have to rethink its approach to rulemaking, following back-to-back rulings by the U.S. Supreme Court that will further circumscribe the agency's regulatory and enforcement powers. The Supreme Court on Friday overturned a 40-year-old...

Chevron Ruling May 'Hamstring' SEC Rulemaking Agenda: Lawyers

The Securities Industry and Financial Markets Association and the Financial Services Institute joined a lawsuit against the Department of Labor’s Retirement Security Rule on Friday, broadening the range of firms seeking to beat back the new rule beyond just insurers—who would be hit by rules around annuity sales in particular.

Non-Insurer Plaintiffs Join ACLI in Fiduciary Rule Lawsuit

Florida State

CBS News

Washington — The Supreme Court on Monday ordered lower courts to take another look at a pair of laws from Florida and Texas that imposed restrictions on how social media companies can moderate the content posted to their platforms, keeping the laws blocked during the additional proceedings.Justice Elena Kagan delivered the court's opinion, which tossed out lower court rulings and sent the two cases back for the proceedings. The court said neither lower court conducted the proper analysis of the First Amendment challenges to the laws regulating major social media platforms. There were no noted dissents, although some justices concurred...

Supreme Court orders new look at Texas, Florida social media laws

Ali Carney, 46, of Newark, received a 65-month prison sentence for conspiring to distribute narcotics, including fentanyl and heroin, and possessing with intent to distribute fentanyl, according to U.S. Attorney Philip R. Sellinger.

Gang Member Sentenced to 65 Months for Drug Trafficking

Wyoming State

WyoFile

Gov. Mark Gordon was right to applaud the recent U.S. Supreme Court decision that hammered the final nail in the coffin of what was known as the “Chevron deference.” For states and their rights to govern closest to the people, it is indeed a victory.

Chevron’s death is a victory against federal overreach

Georgia State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Coffee County, GA

Douglas, GA

Daily Coffee Press

A 49-year-old woman from Douglas was recently arrested for allegedly submitting a life insurance policy for her ex-husband without his knowledge. According to a Coffee County Sheriff’s Office incident report, detectives met with a man on May 7 at the Coffee County Law Enforcement Center concerning a reported case of insurance fraud.

Georgia woman charged for allegedly filing life insurance policy application on ex-husband

The Supreme Court on Monday revived a lawsuit by a North Dakota truck stop that is challenging the fees banks can charge for debit-card transactions in a ruling that could have deeper implications for other government regulations.

Supreme Court lets a truck stop sue the Federal Reserve in latest threat to agency regulations

Massachusetts State

Uber can require that a passenger seriously injured in a crash involving an Uber driver go to arbitration over his $63 million damages claim without a trial, the highest court in Massachusetts has ruled, overturning a lower court. The Massachusetts Supreme Judicial Court in a 5-1 ruling found that the...

Massachusetts High Court Reverses, Says Uber Can Force Paralyzed Rider to Arbitrate

NewsBreak

Texas judge approves expedited schedule for SEC's case against Consensys

A Texas judge approved an expedited schedule of legal proceedings in the SEC’s case against Consensys. A decision could come by the end of the year...

Texas judge approves expedited schedule for SEC's case against Consensys

Comments / 0