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 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, 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, 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."

ChainCatcher News: The U.S. Supreme Court partially supports former President Trump's claim of immunity. The Supreme Court's ruling on immunity may further delay the trial of former President Trump. The vote result among the Supreme Court justices in the Trump immunity case was 6-3.

ChainCatcher news, according to theguardian, the U.S. Supreme Court has overturned one of its most important precedents, Chevron Deference. Chevron Deference is a part of U.S. administrative law that grants federal agencies the power to interpret laws when they are ambiguous.This ruling has a significant impact on the rule-making authority of the U.S. Securities and Exchange Commission (SEC) and other federal agencies, weakening their power in administrative law.

ChainCatcher news, according to apnews, the U.S. Supreme Court ruled that the Securities and Exchange Commission (SEC) must provide defendants the right to a federal jury trial in fraud cases, stripping the SEC of a key enforcement tool used in certain civil fraud complaints through internal procedures. This ruling could have far-reaching implications for other regulatory agencies. The Supreme Court made this decision with a 6 to 3 vote, stating that the SEC's internal procedures violate the Constitution.The SEC generated over $5 billion in civil penalties in fiscal year 2023, but it is currently unclear how much of that came from internal procedures or federal court litigation. This case is part of a push by conservative and business interest groups to limit the power of federal regulatory agencies.

ChainCatcher news, according to Jinshi reports, based on market news, the U.S. Supreme Court has agreed to consider increasing the difficulty for shareholders to file securities fraud lawsuits by hearing a case regarding NVIDIA (NVDA.O) cryptocurrency mining revenue.

ChainCatcher news, cryptocurrency exchange Coinbase launches a DOGE lottery promotion where the user agreement's dispute resolution clauses are in conflict. Coinbase prefers arbitration for financial disputes, while users lean towards court intervention, with both options listed in the platform agreement. On May 23, the U.S. Supreme Court ruled that state and federal courts have exclusive jurisdiction over disputes related to the Coinbase lottery promotion.

ChainCatcher news, according to Fortune, the path for Coinbase to file a lawsuit against the U.S. Securities and Exchange Commission (SEC) looks bleak. Todd Phillips, a professor of banking and administrative law at Georgia State University, stated that Judge Failla's decision last week indicates her agreement with the SEC's interpretation of legal precedent, suggesting that the crypto assets offered on Coinbase appear to be securities. Therefore, Coinbase is operating as an unregistered exchange and broker, and the SEC may prevail.Todd Phillips analyzed two scenarios that could be more favorable for Coinbase. First, hoping that the Republican Party wins the presidential election and forces Gary Gensler out of the SEC; second, Coinbase could immediately appeal this decision, forgoing the next phase of the trial, and directly appeal to the Second Circuit Court, ultimately appealing to the Supreme Court.

ChainCatcher news, according to Bloomberg, Coinbase has won a lawsuit in the U.S. Supreme Court. The news did not specify the details of the case but stated that the ruling enhances the company's ability to submit customer and employee disputes to arbitration. It also mentioned that business groups united in support of Coinbase in this case, arguing that allowing the lawsuit to proceed would incur unnecessary costs. Consumer rights advocates stated that judges should have the authority to decide which claims should be heard during the appeals process, just as courts do in other areas of law.There was a misconception that this case was related to the previous lawsuit filed by the U.S. Securities and Exchange Commission against the cryptocurrency exchange Coinbase in a New York federal court, as Coinbase's stock (COIN) rose to an intraday high before retreating. (Source link)