ChainCatcher news, according to former U.S. federal prosecutor James K. Filan, the SEC and Ripple have jointly submitted a motion to the U.S. Court of Appeals for the Second Circuit, requesting to "stay" the proceedings of both parties' appeals and cross-appeals, on the grounds that the parties have reached a "principled settlement agreement," which is currently awaiting approval from the SEC Commission. If approved, a motion for a declaratory judgment will be filed in the district court. The court has canceled the previously scheduled submission of response materials on April 16.This motion signifies that the case may soon reach a final settlement.

ChainCatcher news, at the Hong Kong Crypto Finance Forum, Binance co-founder He Yi stated: "As the crypto industry matures, the integration with traditional finance becomes crucial. For any founder, it is essential to have an absolute will to undergo processes like tempering. The appeal of any product is to serve users, and behind any track is the creation of products that meet user needs, while also considering whether one is willing to give back to users."

ChainCatcher news, according to The Washington Post, over the past weekend, when Elon Musk repeatedly posted on social media criticizing a tough tariff plan pushed by one of President Trump's main White House advisors, he had actually bypassed this official and made a direct appeal to Trump himself.According to two insiders (who requested anonymity due to the private nature of the conversations), Musk's intervention has not yet been effective. However, Trump has also expressed an openness to negotiating some aspects of the policy.Meanwhile, Musk uploaded a video on the X platform featuring the late conservative economist Milton Friedman, in which Friedman emphasized the benefits of international trade cooperation, calling it "the impersonal operation of prices," and used an ordinary wooden pencil as an example to analyze the global sources of its various raw materials.

ChainCatcher message, Jupiter posted on X that the appeals for users marked as witches or bots in the January 2025 JUPuary airdrop will close on March 31 at 11:59 PM UTC. The team will review and process valid appeals by the end of May.

ChainCatcher news, Ripple's Chief Legal Officer Stuart Alderoty stated, "Last week, the U.S. Securities and Exchange Commission (SEC) agreed to unconditionally drop its appeal. Ripple has now agreed to drop its cross-appeal. The SEC will retain $50 million of the $125 million fine (which has been deposited in an interest-bearing escrow account), and the remaining amount will be refunded to Ripple. The agency will also request the court to lift the standard injunction previously imposed at the SEC's request. All of this will require a commission vote, the drafting of final documents, and the usual court procedures."

ChainCatcher news, Ripple CEO Brad Garlinghouse posted on social media that the U.S. SEC will drop the appeal against Ripple------from any perspective, this is a huge victory for Ripple and the crypto industry.

ChainCatcher news, according to Cointelegraph, James Howells' appeal to recover 8,000 Bitcoin private key hard drives from a UK landfill has been rejected again. He stated that he would seek final relief through the International Human Rights Act."The Royal Court of Appeal has denied my request. The unjust system in the UK is at work again," said the early Bitcoin holder, announcing that the next step would be to file a complaint with the European Convention on Human Rights (ECHR).UK judges believe the case "has no realistic prospect of success" and that there are "no other compelling reasons" to support a hearing.Howells will argue at the ECHR that the UK courts violated his property rights and the right to a fair trial, stating, "The UK authorities want to cover this up, but I will not let them succeed."It is worth mentioning that these 8,000 Bitcoins are currently valued at approximately $660 million and were accidentally discarded in a landfill by his former partner in 2013.

ChainCatcher news, according to Decrypt, the UK Court of Appeal has rejected a request from a Welsh man to excavate a landfill, claiming that his hard drive was discarded there over a decade ago, containing $676 million worth of Bitcoin.It is reported that the software engineer mined the lost Bitcoin in 2009, and in 2013, his former partner threw away the hard drive, which contained the keys to 8,000 Bitcoins. He subsequently launched a lengthy legal battle to gain the right to search the landfill for the Bitcoin hard drive.

ChainCatcher news, according to Yonhap News Agency, the operator of the South Korean virtual asset exchange Upbit, Dunamu, has filed a lawsuit with the Seoul Administrative Court to revoke the business suspension order imposed by the Financial Intelligence Unit (FIU) of South Korea and has applied for a stay of execution.Previously, on February 25, the FIU made several punitive decisions against Dunamu and its employees for violating the Specific Financial Information Act, including a three-month business suspension for nine employees, a warning issued to CEO Lee Seok-woo, and the dismissal of the compliance officer. The suspension order will restrict new customers from transferring virtual assets from March 7 to June 6.The FIU's penalties stem from on-site inspections conducted from August to October last year, which found that Dunamu had conducted transactions with unreported virtual asset operators abroad and violated customer verification obligations. Dunamu stated that it will truthfully explain the relevant circumstances during the court hearing.

ChainCatcher News, the U.S. SEC voluntarily withdrew its appeal on Wednesday regarding a ruling that prevented the agency from expanding the scope of existing securities laws to cover DeFi users and projects.In a four-page motion submitted to the U.S. Fifth Circuit Court of Appeals, the SEC expressed its desire to "voluntarily withdraw this appeal," a move that faced no opposition.In November of last year, a federal judge in Texas ruled that the SEC's expansion of the legal definition of "dealer" exceeded the agency's authority. The judge found that the modification of the SEC's dealer rules was unlawful because it conflated DeFi traders with financial brokers.Kristin Smith, CEO of the Blockchain Association, stated in a release that the SEC's voluntary withdrawal of the appeal is a significant victory for the digital asset industry, "We initially sued the SEC to challenge the agency's illegal overreach, which attempted to unilaterally redefine the boundaries of its statutory authority. With the new leadership of the agency leading to today's final dismissal, we look forward to productive dialogue between the industry and the SEC."

ChainCatcher message, Linea announced on social media that it has completed the review of complaints regarding ecosystem Sybil Attacks and updated the witch list.This review confirmed 3,500 misjudged addresses and removed them from the list. Users can check their account status through the official link.

ChainCatcher news, according to Cryptonews, the U.S. Securities and Exchange Commission (SEC) previously requested to extend the deadline for responding to the appeal against Coinbase from February 14 to March 14, and Coinbase has agreed to this extension request.The case dates back to June 2023, when the SEC accused Coinbase of offering unregistered securities and failing to fulfill disclosure obligations. Coinbase claims that the crypto transactions on its platform do not constitute securities and seeks clarification on whether secondary market transactions fall under the definition of investment contracts in securities law. Previously, Judge Katherine Failla approved Coinbase's mid-term appeal request and suspended all litigation proceedings in the case until the Second Circuit Court reviews the appeal. Notably, the SEC's recently established crypto task force is led by Commissioner Hester Peirce, known for her support of crypto, raising speculation that the long-standing litigation may be nearing resolution.

ChainCatcher News, the U.S. SEC has requested to extend the deadline for responses to the appeal against Coinbase from February 14 to March 14, with February 14 being the agency's original response deadline. The legal dispute between Coinbase and the SEC centers on "whether digital assets should be classified as securities or whether they represent a new type of financial instrument."In the latest court filings, the SEC stated that the work of the cryptocurrency working group may impact and facilitate the resolution of potential district court litigation and potential appellate review, thereby saving judicial resources. This newly established working group is organized by SEC Acting Chair Mark Uyeda and led by Commissioner Hester Peirce.

ChainCatcher news, Fox Business reporter Eleanor Terrett revealed that the SEC will respond to Coinbase's appeal request on February 14. Previously, Judge Failla had approved Coinbase's request for an interlocutory appeal regarding whether the existing securities laws apply to its platform's digital assets.The SEC currently faces four options: first, oppose the appeal request, maintaining the stance from the Gensler era that securities laws clearly apply to most crypto tokens, despite the current acting chair Uyeda and Commissioner Peirce both stating that the law in this area is not clear; second, not oppose the appeal, indicating a willingness to address the applicability of securities laws through a crypto working group; third, request an extension; fourth, choose to withdraw the lawsuit.The SEC's decision will serve as an important indicator of its stance on crypto regulation under the new leadership.

According to ChainCatcher's message, Coinbase's Chief Legal Officer Paul Grewal stated on social media that Delaware may lose its status as the preferred state for business registration in the United States. He mentioned that he has handled cases in Delaware, built friendships with judges, and taught courses to local lawyers, but the state's business environment is currently facing challenges.Although Grewal did not specify the reasons behind the threat to Delaware's status, the market speculates that it may involve regulatory environment, changes in judicial policies, or the attractiveness of competing states (such as Wyoming and Florida) in terms of policies for blockchain and tech company registrations. Delaware has long attracted a large number of business registrations due to its favorable corporate laws and court system, and if the current situation does not improve, it may affect its status as a business hub in the United States.

ChainCatcher news, early Bitcoin investor Roger Ver, known as the "Bitcoin Jesus," posted a video on social media asking for help from Trump. Ver is currently facing extradition risks in Spain, where he is accused of failing to report capital gains when selling Bitcoin in 2017 and underreporting his Bitcoin holdings when renouncing his U.S. citizenship in 2014.Ver claims to be the world's first Bitcoin ecosystem investor and emphasizes that he gave up his U.S. citizenship due to fears of political persecution, but he is now facing a maximum sentence of 109 years. He pleads with Trump to help end this "legal battle" so he can return to the U.S. to invest and develop.

ChainCatcher news, according to Bitcoin.com, the Fifth Circuit Court of Appeals in Texas overturned the sanctions imposed on the cryptocurrency mixing platform Tornado Cash, stating that the sanctions by the Treasury Department's Office of Foreign Assets Control (OFAC) on Tornado Cash's immutable smart contracts exceeded its jurisdiction, as these smart contracts cannot be owned or controlled by any party.The court noted that Tornado Cash's immutable smart contracts do not fall under the definition of "property" in the International Emergency Economic Powers Act, as these self-executing programs operate independently and are not affected by shutdowns or modifications. The ruling also addressed the plaintiffs' defense of Tornado Cash's legitimate applications, such as ensuring financial privacy and preventing cyber threats.Legal analysts expect that this ruling will contribute to the ongoing discussions regarding cryptocurrency regulation and the governance of open-source blockchain systems.OFAC has not indicated whether it will appeal this case to the Supreme Court. Currently, the case has been returned to the district court for further proceedings based on the appellate court's ruling.

ChainCatcher news, Jupiter DAO has released answers to questions related to the airdrop: Users marked as witches can submit appeals after January 27; the Jupuary airdrop supports claims from any device, and Carrots rewards will be processed separately; for users who mistakenly displayed a 25 JUP allocation limit, the platform promises to show the corresponding limit on the dashboard within a week.In addition, users who have lost access or used temporary emails must submit a ticket via Discord after January 27, and users with stolen wallets can prevent others from accessing tokens by signing a waiver.

ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal posted on X: "We have requested the Second Circuit Court to hear our emergency appeal. Decades of appellate precedent confirm that 'investment contracts' must contain contractual elements. The circuit court can provide much-needed guidance on this fundamental legal issue.There are many details in the document, but simply put, transactions on the Coinbase platform do not violate federal securities laws. As I have repeatedly stated, Coinbase does not list securities.Last week, the district court acknowledged that the questions we raised presented 'clear and controlling legal issues' and 'substantial reasons for disagreement.' After years of uncertainty, we finally have the opportunity to resolve this issue once and for all.This lingering issue has plagued our industry for years, limiting potential technological innovations and services that could create a fairer economic system for everyone. Clarifying the issue can propel us forward so that we can foster innovation and growth while focusing on protecting consumers."