ChainCatcher news, according to the U.S. cryptocurrency law firm Burwick Law announced on the X platform, Burwick Law and @WolfPopperLLP have filed a second lawsuit on behalf of investors against the pump.fun platform, accusing it of violating U.S. securities laws by offering unregistered securities to investors.Burwick Law stated, "The core function of pump.fun is to collaborate with influencers to jointly issue and market unregistered securities, and its operations inherently involve a new evolution of Ponzi schemes and pump-and-dump schemes."Previous news, U.S. law firms plan to initiate legal action against Pump.fun, claiming it is involved in fraud.

ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal posted on LinkedIn that Coinbase has hired Ryan VanGrack to join its legal team as Vice President of Legal Litigation.According to reports, Ryan previously served as General Counsel at the globally renowned market maker Citadel Securities. Ryan has extensive experience in legal and regulatory affairs, including work at the U.S. Securities and Exchange Commission and the White House.

ChainCatcher news, the legal dispute of Tornado Cash developer Alexey Pertsev has reached a critical moment as he seeks to raise more funds to address the lawsuit. Last month, a Dutch court announced the refusal to release Alexey Pertsev, forcing him to prepare for further appeals.In addition, another Tornado Cash developer, Roman Storm, will be tried in the U.S. in September, facing charges of money laundering, conspiracy to operate an unlicensed money transmission business, and conspiracy to violate U.S. sanctions laws.

ChainCatcher news, according to CoinDesk, broker KBW stated in a research report on Monday that it is surprising that the U.S. SEC issued a Wells notice to Robinhood (HOOD) given the company's very conservative approach to launching digital assets. KBW pointed out that Robinhood only offers 15 cryptocurrencies on its U.S. platform, while some peers offer over 200 digital assets.Analysts led by Kyle Voigt wrote: "We expect that Robinhood's current crypto business or asset listings in the U.S. will not change, and we anticipate that the U.S. Securities and Exchange Commission will file a lawsuit in the coming months. Our initial view is that Robinhood may fight the U.S. SEC in court, and considering Robinhood's stricter listing standards, its chances of winning are higher than most U.S. competitors (if in a similar situation)."The report stated that crypto trading accounts for 12% of Robinhood's revenue, and KBW believes the SEC may investigate a portion of the digital assets on the platform, adding: "From a risk revenue perspective, the worst-case scenario is if the SEC chooses to classify ETH as a security, as this could account for about 25% of Robinhood's crypto assets/trading."

ChainCatcher news, Worldcoin is suspected of illegal operations in Buenos Aires and is facing legal action. The company is accused of including unfair terms in contracts that violate Argentina's National Consumer Protection Law, and there are contradictions in handling biometric data. Alleged issues include unfair terms such as suspending services without refunds, prohibiting collective claims, and limiting dispute resolution to California, among others.Additionally, the company has been criticized for failing to prevent minors from registering and is involved in issues related to iris data storage, currently facing fines exceeding $1 million.