ChainCatcher news, according to the Korean National Assembly's bill information system, South Korean President Yoon Suk-yeol submitted a consent proposal for the appointment of the Chief Justice to the National Assembly on the 12th, stating, "With the end of the Chief Justice's term, I request the National Assembly's consent to appoint a successor Chief Justice."After Yoon Suk-yeol delivered a speech to the public on the 12th, rejecting calls for an early end to his term, he approved 42 bills and enforcement orders, among other things, and submitted the consent proposal for the Chief Justice's appointment, continuing to exercise presidential powers. According to the South Korean Constitution, the Chief Justice should be proposed by the Chief Justice of the Supreme Court (High Court) and appointed by the President after receiving the National Assembly's consent. (Kim Ten)

ChainCatcher News, one of the heads of the U.S. Department of Efficiency (DOGE), Vivek Ramaswamy, stated on X that federal regulatory spending will face "significant" cuts, with two key judicial developments laying the groundwork for weakening federal regulatory power.He pointed out that the Supreme Court rejected the "Chevron Deference Doctrine" (which allows federal agencies to interpret ambiguous regulations) and the "Major Questions Doctrine" (which requires agencies to act only when there is clear legal authority), which is considered transformative, "This paves the way for a significant reduction in the scope of federal regulation. That day is coming."The court's rulings were finalized in 2024 and 2022, respectively, limiting the ability of federal agencies to interpret regulations. Analysts indicate that these changes are expected to impact numerous industries, including the cryptocurrency sector.

ChainCatcher news, according to Cointelegraph, a ruling by the New York State Supreme Court allows Greenidge Generation to continue generating power and conducting Bitcoin mining at its facility in Dresden, New York, and to reapply for the Chapter V air permit under the Clean Air Act that was denied by the New York State Department of Environmental Conservation (DEC) in June 2022.Nevertheless, the court also affirmed DEC's authority to deny permits under the Climate Leadership and Community Protection Act (CLCPA). The court found that DEC's decision was arbitrary and capricious, but there was no evidence of improper policymaking by DEC, which means that Greenidge's permit will be reconsidered.

ChainCatcher news, according to U.S. Newsweek, a legal analyst from CNN hinted that Vice President Harris may be nominated to the U.S. Supreme Court.The report states that Bakari Sellers, a lawyer who served as a Democratic member of the South Carolina House of Representatives for eight years, suggested that 70-year-old liberal Justice Sonia Sotomayor could retire from the Supreme Court to allow President Biden to nominate Harris. Before being elected as a senator and then becoming vice president, Harris served as the district attorney for San Francisco and the Attorney General of California. While it is uncommon to nominate a lawyer without judicial experience to the Supreme Court, it is not unprecedented.Bakari Sellers believes this move could be rushed before Donald Trump, who won the U.S. presidential election, takes office. He also stated, "I think this is actually a really good plan. I think it will happen."

ChainCatcher news, Michael Kong, the current CEO of the Fantom Foundation, announced that the Supreme Court of Korea unanimously dismissed all appeals by former Fantom CEO Byung-Ik Ahn on October 31, 2024. This means that the favorable ruling made by the Seoul High Court on June 19, 2024, in favor of the Fantom Foundation has been fully upheld, bringing an end to this legal dispute that has lasted for more than two years.In its ruling, the Supreme Court of Korea stated that after a comprehensive review, the appellant's claims lacked legal basis. Previously, Byung-Ik Ahn had repeatedly claimed that the foundation was "stolen," but the Seoul High Court determined that "there is no evidence to support this." Michael Kong particularly thanked the contributions of legal advisor RosettaLegal, stating that their accurate advice and in-depth understanding of the case played a crucial role in the victory. This ruling clears legal obstacles for the future development of the Fantom Foundation and is expected to boost market confidence in the project.

ChainCatcher news, according to Protos, the U.S. Supreme Court has declined to hear an appeal regarding 69,370 bitcoins related to Silk Road, effectively lifting restrictions on the sale of bitcoins worth $4.4 billion. Due to a lower court's order for the U.S. government to "dispose of the seized defendant's property according to law," U.S. Marshals or other agencies may soon receive court instructions to liquidate a large amount of bitcoin stolen from Silk Road.Battle Born Investments purchased bankruptcy claims after Ross Ulbricht's dark web market Silk Road shut down in 2013. Battle Born claims to possess bitcoins seized from "Individual X," who allegedly stole the bitcoins from Silk Road. The disputed wallet has now been emptied and is held by the U.S. government, awaiting court instructions.Battle Born has requested a hearing on its claims, asserting that it is "an innocent owner of the defendant's property by virtue of its status as a purchaser of bankruptcy assets." However, since the nine justices will not hear the case during this term, the U.S. District Court's forfeiture order is likely to prevail. Although some procedures and legal reviews still need to be completed before the U.S. government can actually sell the bitcoins, due to the Supreme Court's rejection, U.S. Marshals may auction off additional billions.

ChainCatcher news, according to a report by Xinhua News Agency's new media, the social media platform X, owned by American tech tycoon Elon Musk, announced on the 4th that it has paid all fines and applied to lift its operating ban in Brazil. However, the Brazilian Supreme Court responded the same day that the decision on whether to allow the X platform to resume operations would be delayed due to the fines being transferred to the "wrong" bank account.According to Reuters, earlier on the 4th, the X platform submitted an application to the Brazilian Supreme Court, stating that it has paid all previously owed fines and hopes to restore its operating services in Brazil. Reuters cited a related document reporting that X platform's lawyers stated the company has paid a fine of 28.6 million reais (approximately 5.24 million USD).

ChainCatcher news, according to Jinshi reports, Elon Musk's social media platform X has paid the fine imposed by the Brazilian Supreme Court, and the company will submit a new request to restore its services in the country.

ChainCatcher news, according to Cointelegraph, the U.S. Department of Justice and the U.S. Securities and Exchange Commission (SEC) have informed the U.S. Supreme Court that the class action lawsuit accusing Nvidia of misleading cryptocurrency miners during sales should be allowed to proceed.Since 2018, Nvidia has been in a legal battle with investor groups, and the case has now reached the U.S. Supreme Court.In a brief filed on October 2, U.S. Acting Attorney General Elizabeth Prelogar and SEC senior attorney Theodore Weiman argued that the lawsuit "provides sufficient detail" to allow it to continue after being dismissed in district court, adding that the Supreme Court should greenlight the restoration of the lawsuit through the appellate court.The brief further stated, "Valuable private litigation is an important complement to the criminal prosecutions and civil enforcement actions of the Department of Justice and the SEC."

ChainCatcher news, the Brazilian Supreme Court has ordered that social media platform X must pay a fine of approximately 5.2 million USD before it can resume services in the country.Earlier, the platform, controlled by American billionaire Elon Musk, had appointed a local legal representative and removed inappropriate messages in accordance with the court's directive. Judge Alexandre de Moraes ruled on Friday that X must complete the payment of the 18.3 million reais fine he previously imposed, as well as pay an additional 10 million reais fine he ruled last week due to the platform allowing some Brazilian users to use the service during the ban, before it can operate again in the country. The total fines amount to approximately 5.2 million USD.

ChainCatcher news, according to sources, Musk's X platform has requested the Brazilian Supreme Court to allow it to resume services in the country. (Jinshi)

ChainCatcher news, the official YouTube channel of the Indian Supreme Court, which has over 217,000 followers, has been renamed to a Ripple-themed account to implement a cryptocurrency scam. Hackers used the channel to stream a fake live video of Ripple Labs CEO Brad Garlinghouse. The channel also encouraged potential victims to invest in the scam, promising unrealistic returns.Additionally, the hackers renamed the channel, changed the URL, and deleted all videos previously uploaded by the original account owner. However, YouTube later had to remove the compromised channel, stating, "The channel was removed because it violated our community guidelines."

ChainCatcher news, according to the acting president of the Supreme Court of Montenegro, it is expected that the Supreme Court will decide by the end of this month whether the ruling on the extradition case of Do Kwon violates the law.Vesna Vučković stated that the Supreme Court will make a decision on the "request for protection of legality" submitted by the Supreme State Prosecutor. The prosecutor believes that there are multiple illegalities in the final rulings of the High Court and the Court of Appeals regarding the extradition of cryptocurrency founder Do Kwon.

ChainCatcher news, according to Cointelegraph, Brazilian Supreme Court Justice Alexandre de Moraes stated that if Elon Musk does not appoint a legal contact to represent X's business in Brazil, the company's X social media platform will be suspended in Brazil by August 29, 2024. Two weeks ago, X indicated that Justice Alexandre de Moraes threatened to arrest its legal representative in Brazil. In response, the X platform announced on August 17 that it would cease operations in Brazil, but the social media service would remain available to all Brazilian users.It is reported that earlier this year, Musk claimed that Moraes was taking "illegal" and secret measures to force content moderation on X. Moraes, on the other hand, alleged that X allows the promotion of "misinformation" about the Brazilian government on its social media site.

ChainCatcher message, the Supreme People's Court announced through its official account that it has determined the major judicial research topics for 2024 based on extensive solicitation of opinions and thorough demonstration. It has also released the tender announcement for the major judicial research topics for 2024. The key funded topics include research on the disposal of virtual currencies involved in cases, research on judicial issues related to the digital economy, and research on judicial responses to disputes involving artificial intelligence. It is reported that the project management unit will provide research funding support to the winning project teams, with special funded topics receiving 150,000 yuan each, key funded topics receiving 50,000 yuan each, and youth topics receiving 30,000 yuan each.

ChainCatcher news, according to the Montenegrin daily Vijesti, the Supreme Court of Montenegro has suspended the procedure to extradite Do Kwon to South Korea. This decision was made after the Supreme State Prosecutor's Office appealed the legality of the previous court ruling that approved his extradition. The suspension will put the extradition process on hold while the Supreme Court reviews the case.This extradition case involves multiple legal inconsistencies, with the court having previously made several rulings regarding Do Kwon's extradition to both the United States and South Korea. Do Kwon is accused of orchestrating a $40 billion fraud scheme through the Luna and Terra cryptocurrencies and was arrested in March 2023, after which he has been awaiting extradition. Do Kwon's lawyers have criticized the handling of the case, pointing out the existence of multiple judicial rulings and emphasizing that the appellate court's consistent legal reasoning is a positive exception. The case has attracted significant attention due to its legal complexities and political implications in Montenegro.

ChainCatcher news, according to Jin Shi reports, the U.S. Supreme Court has refused to halt the enforcement of former President Donald Trump's judgment and gag order in the New York hush money case before the election.

ChainCatcher News: U.S. Vice President Harris stated that both she and President Biden support term limits for the Supreme Court and other reforms. (Jin Ten)

ChainCatcher news, according to The New York Times, reported that on Monday, the Supreme Court ruled that former President Donald J. Trump is entitled to broad criminal prosecution immunity for actions taken during his presidency. Trump will seek to overturn the New York "hush money" conviction following the immunity ruling.Previously, American adult film star Daniels claimed that she had an affair with Trump starting in 2006, while Trump has strongly denied having an extramarital affair with Daniels. Out of concern for her family's safety, Daniels accepted a "hush money" payment from Trump's personal lawyer. Trump's personal lawyer, Michael Cohen, also confirmed that he privately paid Daniels $130,000.However, Daniels pointed out that she signed the document regarding the so-called "hush money" with Trump's lawyer Cohen shortly before the election, but Trump did not sign it, making it legally invalid.

ChainCatcher news, investment bank TD Cowen stated on Monday that the recent Supreme Court ruling overturning the Chevron principle may complicate cryptocurrency legislation efforts.The report stated: After the Supreme Court's action, there is a general belief that the ruling is favorable to the cryptocurrency industry. We partially agree with this view, as it will help the cryptocurrency industry challenge the rules and enforcement of the U.S. Securities and Exchange Commission in the future. However, this does not change any past rulings nor will it reconsider previous decisions.The report argues that a bigger question is what this decision means for lawmakers hoping to enact legislation to regulate the industry and stablecoins. Analysts stated, "We are discussing details that are typically not seen in legislation, such as what happens when retail investors participate in staking programs on trading platforms, or how AML/BSA controls would apply if tokens have previously hidden their origins through mixers. Both sides are no longer willing to heed the opinions of regulators, as the courts may now conduct secondary reviews of these decisions."