Read crypto legal news on court cases, enforcement actions, lawsuits, and legal disputes affecting digital asset markets.
According to the terms of the settlement, the IRS will receive a $200 million priority claim to be paid within 60 days after FTX's proposed restructuring plan is implemented.
The attorney general's office said the settlement is the largest income tax fraud recovery in its history.
Coinbase filed its closing brief on May 31, slamming the SEC for its refusal to provide regulatory clarity for the digital asset industry.
The sentencing is set for July 11, but legal experts affirm that Trump can still run for president despite the conviction.
Matter Labs' CEO Alex Gluchowski said he is opposed to the "very idea of “Intellectual Property."
The details of the settlement have not been made public as of press time.
The Tornado Cash developers have enjoyed strong backing from the crypto community over their issues with the authorities.
The SEC succeeded in obtaining a voluntary dismissal without prejudice.
The appeal aims to challenge a recent court order concerning a critical legal question in its ongoing case with the SEC.
