ChainCatcher news, according to official sources, Movement Labs has relieved co-founder Rushi Manche of his duties, and the project will be continued by a new leadership team. Details regarding the leadership changes and the new governance structure will be announced soon.

ChainCatcher news, Trump plans to fire Federal Reserve Chairman Jerome Powell, but the experience of the Turkish central bank's interventions seems to serve as a warning against such actions. Turkish President Erodgan issued the first decree to dismiss the country's central bank governor Murat Cetinkaya in July 2019, and subsequently, a series of interventions by the Turkish central bank in 2020-21 led to the collapse of the national currency and directed capital towards BTC and stablecoins. Once Powell is dismissed, it may accelerate the sell-off of the dollar and subsequently drive Bitcoin adoption. Data shows that the dollar index has already fallen by more than 10% in three months and is currently down to 98.

ChainCatcher news, according to CNBC, Ripple announced this week that the U.S. Securities and Exchange Commission has officially withdrawn its four-year lawsuit against the company. CNBC stated that this represents the end of the SEC's years-long crackdown on the cryptocurrency industry. The Ripple case may become the final chapter of related lawsuits, as this case was filed on the last day of former SEC Chairman Jay Clayton's tenure.As of now, lawsuits or investigations against Coinbase, Kraken, Robinhood, Binance, and OpenSea have all been withdrawn, resolved, or put on hold.

ChainCatcher news, according to Fortune, Hester Peirce, a Republican commissioner of the U.S. Securities and Exchange Commission (SEC) known as the "crypto mom," defended the SEC's recent decision to drop lawsuits against several cryptocurrency companies in an interview. She stated, "Our laws should not be a game of hide and seek. Let's take a step back, re-examine these issues, and listen to people's opinions. Now people know they can come and talk to us."In the first month of the Trump administration, the SEC has suspended or withdrawn key lawsuits and investigations against leading crypto companies such as Coinbase, Binance, Kraken, and Yuga Labs. Peirce is leading a special task force aimed at establishing clearer rules for the blockchain industry. This task force has held a series of meetings with key figures in the crypto space, including Michael Saylor of MicroStrategy, Fidelity, and Robinhood.Peirce believes it is unreasonable to involve multiple courts in these cases before the SEC has clarified the relevant issues internally. Unlike former chairman Gary Gensler, who prioritized consumer protection, Peirce opposes the so-called "nanny state" approach to protecting investors from making poor choices. She stated, "People lose money on many different things. If the SEC's jurisdiction standard becomes whether you might lose money when buying something, then our jurisdiction would be enormous. But that is not the jurisdiction Congress has given us."

ChainCatcher news, on Thursday local time, a federal judge in California temporarily blocked the Trump administration's order for the Department of Defense and other federal agencies to lay off thousands of newly hired employees.U.S. District Judge William Alsup in San Francisco stated at the hearing that the Office of Personnel Management does not have the authority to order federal agencies to dismiss any employees, including probationary employees who typically have less than one year of work experience.

ChainCatcher news, according to market news, the U.S. Securities and Exchange Commission (SEC) has announced the dismissal of the civil enforcement action against Coinbase (COIN.O).The case dates back to June 2023 (two years after Coinbase went public), when the SEC sued Coinbase, accusing it of merging the three typically separate functions of broker, exchange, and clearinghouse, in violation of U.S. securities laws.

ChainCatcher news, according to Jin10 reports, The Wall Street Journal analysis pointed out that cryptocurrency exchange Coinbase stated that the SEC intends to withdraw its lawsuit against the company, marking the end of years of strict enforcement by U.S. regulators on the cryptocurrency market.

ChainCatcher news, according to CoinDesk, the U.S. SEC is about to withdraw its lawsuit against Coinbase. This move could not only boost the market sentiment for cryptocurrencies previously labeled as securities but also bring benefits to trading platforms like Robinhood (HOOD).In June 2023, Robinhood was forced to delist several tokens that were accused of being securities by the SEC, but after Trump won the presidential election, the platform has re-listed some tokens, including Solana (SOL). The SEC's withdrawal of the lawsuit will reduce the regulatory risks for trading platforms when listing new tokens, potentially increasing their trading revenue.According to market data, the top five tokens accused of being securities by market capitalization include BNB, SOL, ADA, TRX, and TON. Additionally, several cryptocurrency companies, including Blockchain.com, BitGo, and Gemini, are considering going public (IPO) in the U.S.

ChainCatcher news, according to Jinshi reports, Argentine President Milei's spokesperson Adorni stated that considering Milei's involvement in bribery while promoting cryptocurrency is an "insult," and the government currently does not plan to dismiss any officials due to the cryptocurrency scandal.

ChainCatcher news, Celsius Network filed an appeal on December 31, contesting Judge John Dorsey's decision to dismiss its $2 billion defamation claim against FTX. The appeal is currently set for consideration in the district court, marking the latest development in the ongoing legal battle between the two struggling cryptocurrency companies.This appeal stems from Celsius's claim that defamatory statements made by FTX executives, employees, and affiliates negatively impacted its company's reputation and financial health, accelerating its bankruptcy in July 2022. Celsius argues that FTX's public statements undermined customer confidence in its services, leading to a rush of withdrawals and ultimately pushing the platform toward bankruptcy.According to court documents, Celsius initially filed a $2 billion claim, citing that FTX insiders spread "unverified and disparaging statements." However, FTX rejected the claim, arguing that Celsius's assertions lacked sufficient evidence and did not fall within the scope of bankruptcy claims.In December, more than a year after the initial claim, Celsius amended its application, reducing the claim amount to $444 million. The amended claim shifted focus to priority transfers, asserting that certain payments made before FTX's bankruptcy should be recovered. However, Judge Dorsey dismissed both the original and amended lawsuits on procedural grounds.

ChainCatcher news, according to Bloomberg, former Binance executive Amrita Srivastava has filed a whistleblower lawsuit in the UK, accusing a colleague of soliciting bribes from clients to expedite service processes, and claiming she was unfairly dismissed for exposing the incident. Srivastava stated that the colleague charged clients under the guise of "consulting services," while falsely claiming to not be an employee of Binance.In response, Binance stated that the company was already aware of the matter and had launched an internal investigation, and that Srivastava was dismissed due to poor performance, with the termination decision made prior to her whistleblowing.

ChainCatcher news, according to Jinshi reports, based on market news, the Trump team plans to push for the dismissal of the Georgia 2020 election case.

ChainCatcher news, according to The Block, OpenEden wrote in a statement on Thursday that did not disclose the name of the individual (presumably referring to Eugene Ng): "Following yesterday's statement, we have officially terminated the employment relationship of a certain individual with OpenEden. We reiterate that this individual no longer represents OpenEden. OpenEden takes these allegations seriously and will not condone this person's personal conduct." Eugene Ng is a founding partner of DWF and co-founded OpenEden with Jeremy Ng, who still serves as CEO.Previous news, X user @hananotsorry posted on social media that they encountered danger while interacting with a partner from DWF Labs, alleging that the partner attempted to drug and sexually assault them, and was subsequently rescued after being informed by the relevant restaurant staff.On October 30, DWF Labs announced on social media that one of its partners had been accused of inappropriate and unacceptable behavior. During the investigation of this matter, DWF Labs has decided to immediately terminate the management and operational duties of the aforementioned partner.

ChainCatcher news, former OpenAI board member Helen Toner harshly criticized Altman in an interview for his lack of transparency in decision-making, which left the board unaware of key decisions at OpenAI. This was the reason why the board members ultimately decided to dismiss him. She revealed that Altman had repeatedly concealed information from the board and distorted the ongoing business of the company, and in some cases, outright lied to the board.It is reported that last fall, OpenAI CEO Sam Altman was first removed by the board and then regained his position, which led to a major reshuffle of the company's board members.

ChainCatcher news, cryptocurrency miner Bitfarms has announced the immediate dismissal of CEO Geoffrey Morphy. Bitfarms Chairman and Co-Founder Nicholas Bonta has been appointed as interim President and CEO.On May 10, Geoffrey Morphy filed a lawsuit against the company in the Ontario Superior Court, seeking damages for breach of contract, wrongful dismissal, and aggravated and punitive damages in the amount of $27 million.

ChainCatcher news, according to Bloomberg, Elon Musk is intensifying his legal battle with OpenAI, demanding former board member Helen Toner to provide documents and communications regarding her departure from the OpenAI board and the decision to remove and reinstate CEO Sam Altman. Helen Toner is required to submit the relevant information by May 21.

ChainCatcher news, according to Cointelegraph, Tron has requested the dismissal of a lawsuit from the U.S. Securities and Exchange Commission (SEC), claiming it has no jurisdiction over "digital assets sold to foreign users on a global platform." Tron stated that the sale of tokens was "entirely overseas," and the measures taken were to avoid the U.S. market. The SEC has not accused them of "initially selling or offering to any U.S. residents," nor has it pointed out any victims.Previously, the SEC issued electronic subpoenas to Justin Sun, the Tron Foundation, the BitTorrent Foundation, and BitTorrent in March last year, alleging illegal sales of unregistered securities, fraud, and market manipulation.

ChainCatcher news, Uniswap founder Hayden Adams posted that the judge of the Southern District Court of New York dismissed the arguments against the class action lawsuit involving Uniswap and Paradigm, which is very encouraging. He listed several comments from the court, including "the lawsuit contradicts the logic that the drafters of the computer code of a specific software platform may be held responsible for third-party misuse of that platform, as smart contracts are automatically executed, self-executing code," and "the court found the defendants' rebuttal reasonable, stating that this case is more akin to holding the developers of self-driving cars liable for traffic violations or bank robberies committed by third parties using those cars."Hayden Adams summarized, "I am pleased that the court has recently engaged in thoughtful consideration of DeFi and cryptocurrency, and to see many flawed legal theories overturned, DeFi will continue to exist."

ChainCatcher news, according to CoinDesk, Coinbase has filed documents with the court requesting the court to dismiss the lawsuit from the U.S. Securities and Exchange Commission (SEC). Coinbase states that it does not offer "investment contracts," and the SEC ignores this precedent, violates due process, abuses its discretion, and abandons its previous interpretation of securities law.