ChainCatcher news, according to Globenewswire, the NYSE-listed company Genius Group announced that it has filed a lawsuit against LZGI International, Inc (LZGI) and its two executives Peter Ritz and Michael Moe in the Southern District of Florida under the U.S. Racketeer Influenced and Corrupt Organizations Act (RICO), seeking $450 million in damages.Previous news, the New York District Court has prohibited Genius Group from selling stock to raise funds to purchase Bitcoin.

ChainCatcher news, according to Cointelegraph, investors in Bakkt Holdings have filed a class action lawsuit against the company and its executives, accusing them of making false or misleading statements and failing to adequately disclose important information related to major clients Webull and Bank of America (BoA), allegedly violating U.S. securities laws.The group of investors claims in the lawsuit that losing Bank of America and Webull would result in a "73% loss in revenue." The documents state that for most of 2023 and 2024, Webull accounted for 74% of Bakkt's crypto services revenue, while Bank of America accounted for 17% of its loyalty services revenue from January to September 2024.On March 17, 2025, Bakkt disclosed that Bank of America and Webull had no intention of renewing the agreement set to expire in 2025, causing the company's stock price to drop more than 27% within the following 24 hours. Investors accuse Bakkt of "misrepresenting the stability and/or diversity of its crypto services revenue" and failing to disclose that this revenue "largely depended on" contracts with Webull. The lawsuit states: "As a result of the defendants' wrongful conduct and inaction, along with the sharp decline in the company's market value, the plaintiffs and other class members suffered significant losses and damages."

ChainCatcher news, according to CoinDesk, Illinois plans to withdraw its staking-related lawsuit against Coinbase, becoming the fourth U.S. state to do so after Kentucky, Vermont, and South Carolina.Currently, Alabama, California, Maryland, New Jersey, Washington, and Wisconsin continue to pursue staking-related lawsuits against Coinbase. Among them, representatives from New Jersey and Washington confirmed that the cases are still ongoing, while California, Maryland, and Wisconsin declined to comment. Alabama has not yet responded to media requests for comment.Previous news, Kentucky withdrew its staking lawsuit against Coinbase.

ChainCatcher message, Binance co-founder He Yi stated on social media: "Sun Yuchen is suing TUSD, not FDUSD."

ChainCatcher news, just days after South Carolina dismissed its staking lawsuit against cryptocurrency exchange Coinbase, Kentucky has become the third state to withdraw such a lawsuit, following Vermont. Kentucky's financial regulators submitted a joint motion to dismiss on Monday, officially ending the legal action against Coinbase's staking services. The service had previously been accused of violating state securities laws.Coinbase's Chief Legal Officer Paul Grewal stated on the X platform: "Congress needs to pass the federal market structure bill as soon as possible to end this litigation-driven, state-by-state regulatory approach."

ChainCatcher news, according to Crypto in America, the U.S. cryptocurrency exchange Coinbase is still pursuing a Freedom of Information Act (FOIA) lawsuit against the Federal Deposit Insurance Corporation (FDIC), despite the regulator's recent shift towards a more lenient stance on cryptocurrency.

ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal stated on the X platform that South Carolina has followed Vermont in withdrawing its lawsuit against Coinbase's staking services, which will be restored soon. He noted that this case resulted in South Carolina users losing approximately $2 million in staking rewards and emphasized that American consumers should have clear regulations and protections. He thanked South Carolina Attorney General Alan Wilson for pushing to resolve this matter and hopes other states will follow suit.

ChainCatcher news, the SEC has officially announced the withdrawal of lawsuits against Kraken, Consensys, and Cumberland, and has released a related notice.

ChainCatcher news, a federal judge in California dismissed a class action lawsuit against the Dfinity Foundation, the developer of ICP. U.S. District Judge James Donato granted Dfinity's motion to dismiss, ruling that the case was "time-barred" due to exceeding the three-year statute of limitations under the Securities Exchange Act.The court supported Dfinity's argument that it first offered ICP tokens to the public in February 2017, thus the investor lawsuit from August 2021 was beyond the statutory timeframe.The plaintiffs, represented at the time by Freedman Normand Friedland LLP (formerly Roche Freedman), did not respond to the defendants' arguments. Therefore, Judge Donato wrote that dismissing these claims due to the statute of limitations was "obvious."

ChainCatcher news, after the U.S. Securities and Exchange Commission (SEC) agreed to dismiss the lawsuit, Ripple CEO Brad Garlinghouse accepted an interview with Fox Business to discuss the company's next steps. He pointed out that the SEC's lawsuit has hindered Ripple's business in the U.S., resulting in 95% of its customers being overseas, but this situation is about to change.Brad Garlinghouse emphasized Trump's executive order on cryptocurrency, particularly the establishment of strategic Bitcoin reserves and digital asset reserves, which creates a more favorable environment for U.S. crypto companies. Therefore, Ripple plans to shift its focus to the U.S. and aims to enter financial sectors such as payments, real estate, and securities trading.

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 crypto journalist Eleanor Terrett, after the U.S. Securities and Exchange Commission (SEC) agreed to withdraw its appeal against Ripple, the cryptocurrency derivatives exchange Bitnomial plans to withdraw its lawsuit against the SEC. Bitnomial had previously sued the SEC last October, as the SEC claimed regulatory authority over Bitnomial's planned XRP futures contracts.Terrett further revealed that Bitnomial will officially launch its XRP futures contracts, which have been approved by the U.S. Commodity Futures Trading Commission (CFTC), tomorrow morning.

ChainCatcher news, according to Cointelegraph, the law firm Burwick Law has filed a lawsuit on behalf of its clients in the New York Supreme Court against Kelsier Ventures, KIP Protocol, Meteora, and related parties regarding the issuance of LIBRA tokens. This class action complaint accuses the defendants of orchestrating an unfair token issuance campaign that misled purchasers and harmed the interests of retail investors.

ChainCatcher news, according to Cointelegraph, four suspects have been charged with the armed robbery of online streamer Amouranth (real name Kaitlyn Siragusa). The suspects include two minors aged 16-17, who are accused of entering the home with firearms and demanding the streamer hand over her cryptocurrency private keys.The incident occurred on the evening of March 2, when several armed individuals broke into Siragusa's home, assaulted her, and threatened her with a gun, demanding access to her cryptocurrency. Fortunately, Siragusa's husband was informed of the situation through a phone call and surveillance cameras. While the suspects searched for cold wallet devices, Siragusa managed to escape and reunite with her husband, who then fired at the intruders, causing them to flee the scene.It is reported that Siragusa had previously revealed online that she held approximately 211 bitcoins, worth over $20 million, which may have made her a target for the robbery.

ChainCatcher news, according to Bitcoin.com, last Sunday, Marla Maples, the second wife of U.S. President Donald Trump, posted on social media platform X, calling for Trump and his team to drop the lawsuit against early Bitcoin investor Roger Ver. Videos related to Roger Ver's charitable work have been widely circulated online, with several libertarian advocates, including "Students for Trump" co-founder Ryan Fournier, among the disseminators.Last week, a group of international supporters released a video showcasing Roger Ver's charitable work, which Trump’s ex-wife Marla Maples retweeted to her 61,500 followers on the X platform on Sunday. Maples added, "Share more about the call to drop the lawsuit against Roger Ver." In her message, she tagged U.S. Attorney General Pam Bondi, White House Counsel Dave Warrington, Elon Musk, and President Trump’s @realDonaldTrump X account.In May of last year, Roger Ver was arrested in Spain and was charged by the U.S. with mail fraud, tax evasion, and submitting false tax returns. He is known online as "Bitcoin Jesus" and is the former CEO of digital wallet developer Bitcoin.com.

ChainCatcher news, Token Metrics CEO Ian Balina said on Wednesday that he expects the U.S. Securities and Exchange Commission (SEC) to dismiss the lawsuit against him, thus ending a three-year legal battle over allegations of violating U.S. securities laws. "This is official news: the SEC will dismiss the charges against me," Balina wrote on Twitter. "This was never just about me, but about fairness in cryptocurrency." The allegations against Balina stem from a September 2022 order stating that he failed to disclose the compensation he received while promoting the Sparkster (SPRK) initial coin offering. To support the CEO's claim, Token Metrics stated on Twitter on Monday that the allegations have been "dismissed," adding that "enforcement trends may be shifting."

ChainCatcher news, according to Forbes business reporter Eleanor Terrett, the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple is in its final stages and may conclude soon.According to two insiders, the delay in reaching an agreement is due to Ripple's legal team negotiating the terms of last August's district court ruling, hoping to secure more favorable conditions.The ruling imposed a $125 million fine on Ripple and permanently prohibited it from selling XRP to institutional investors. Insiders indicate that Ripple believes if the new leadership at the SEC is clearing the enforcement records for all previously investigated cryptocurrency companies, then why should Ripple still be penalized. Accepting Judge Torres's ruling would essentially mean Ripple acknowledges wrongdoing, while now the SEC itself seems uncertain whether any violations occurred.

ChainCatcher news, according to statistics, as of now, the U.S. Securities and Exchange Commission (SEC) has rejected or suspended lawsuits and investigations against 11 crypto companies/individuals, including: Binance (February 10), Coinbase (February 21), OpenSea (February 21), Robinhood (February 24), Uniswap (February 25), Justin Sun (February 26), Consensys (February 27), Kraken (March 3), Yuga Labs (March 4), DRW (March 4). (Cointelegraph)

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."