ChainCatcher news, according to Jinshi reports, the leader of South Korea's ruling party, Han Dong-hoon, announced his resignation.A spokesperson for the South Korean Ministry of Defense stated that approximately 1,500 soldiers were deployed during the curfew on December 3.

ChainCatcher news, local time today (December 10) afternoon, the South Korean National Assembly passed the "Permanent Special Investigation Act" with a vote result of 210 in favor, 63 against, and 14 abstentions, to investigate the insurrection charges related to President Yoon Suk-yeol's late-night declaration of "emergency martial law" and other issues disrupting constitutional order.The subjects of the investigation include South Korean President Yoon Suk-yeol, former Defense Minister Kim Dong-yeon, and other key figures involved in the "emergency martial law." The ruling party in South Korea stated today (December 10) that it will push for President Yoon Suk-yeol to step down early next year and hold early elections, while the opposition parties expressed their determination to expedite the impeachment of Yoon Suk-yeol. (Jin Ten)

ChainCatcher news, the leader of South Korea's largest opposition party, Lee Jae-myung: calls on the ruling party to participate in the impeachment vote against Yoon Suk-yeol on Saturday. (Jinshi)

ChainCatcher news, according to Jinshi reports, on the evening of the 6th, the ruling party's floor leader Choo Kyung-ho and other ruling party lawmakers met with South Korean President Yoon Suk-yeol at the Blue House in Yongsan, "conveying the party's opinions to the president without reservation." The president stated that he "will consider it carefully."The ruling party indicated that it will maintain a unified stance of "opposing impeachment." On the 6th local time, Han Dong-hoon, the leader of the ruling People Power Party, stated that during the meeting with President Yoon Suk-yeol, no reasons were provided that could overturn the previous stance. Han Dong-hoon will continue to demand that Yoon Suk-yeol cease performing presidential duties.

ChainCatcher news, the leader of the ruling People Power Party of South Korea, Han Dong-hoon, stated that during his meeting with President Yoon Suk-yeol that day, he did not receive any reasons that could overturn his previous views. Han Dong-hoon will continue to demand that Yoon Suk-yeol cease his presidential duties.Han Dong-hoon had previously held talks with Yoon Suk-yeol, during which he confirmed that President Yoon Suk-yeol had ordered the arrest of several major political figures in South Korea under the pretext of "anti-state forces" when declaring "emergency martial law." Han Dong-hoon stated that Yoon Suk-yeol must be made to stop his presidential duties as soon as possible, or South Korea may again face extreme situations such as martial law. This statement is seen as a hint that Han Dong-hoon will support the impeachment motion to pass in the National Assembly.

ChainCatcher news, according to Jin10 reports, South Korean President Yoon Suk-yeol and the leader of the ruling party Han Dong-hoon are holding talks.

ChainCatcher news, on Tuesday, the court ruled that immutable smart contracts do not constitute property and cannot be sanctioned under current law, a significant victory for privacy advocates, some observers claim.10X Research stated in a report to investors on Wednesday: "While this ruling does not recognize money laundering, it sets a precedent that allows programmers to develop and publish smart contract protocols without fear of sanctions and without charging fees." This move also provides developers with clearer insights into what they can build without falling under regulatory scrutiny, especially on Ethereum, "as Ethereum remains the main hub for DeFi, this decision has positive implications for the broader DeFi ecosystem and other protocols (especially on the Ethereum network). This could have a huge impact."Former Coinbase CTO and prominent cryptocurrency entrepreneur Balaji Srinivasan stated on X on Wednesday: "Privacy won. Smart contracts won. Tornado Cash won. And OFAC lost."

ChainCatcher news, according to the Washington Post, the ruling in the "hush money" case involving President-elect Trump, originally scheduled for November 26, has been indefinitely postponed. The New York prosecutor is willing to delay the trial until after Trump's second term in the White House ends. Trump will be inaugurated on January 20 and serve until early 2029.

ChainCatcher news, November 7, FTX co-founder Gary Wang's lawyer argued that Wang should not be sentenced to prison, as he cooperated with authorities and was unaware of the extent of the exchange's criminal activities.According to a sentencing memorandum submitted on Wednesday, Wang stated that he was not aware of the misappropriation of FTX customer funds by sister company Alameda Research and only learned of the situation after the fraudulent activities were "well underway." Wang is scheduled to be sentenced in a New York court on November 20. Wang's son is also set to be born a week later on November 27, and both he and his wife Cheryl Chen are full-time software engineers. The memorandum states that his current work includes supporting "forensic companies, criminal investigators, and judicial professionals seeking to preserve evidence faithfully."Wang later testified in SBF's trial, telling the court about the special privileges secretly granted to Alameda Research for accounts on FTX. The lawyer also stated, "It is crucial, as acknowledged by the government and evidenced in the trial, that when Gary was writing code, he had no idea that Bankman-Fried would exploit these features to steal customer funds. Bankman-Fried did not even inform Gary before he began to utilize these features (let alone coordinate with him)."

ChainCatcher news, according to Cointelegraph, Ripple Labs has submitted a Form C to the U.S. Court of Appeals for the Second Circuit, appealing a recent ruling by the U.S. Securities and Exchange Commission (SEC). Ripple's Chief Legal Officer Stuart Alderoty confirmed this in a post on October 25, adding that "the SEC cannot submit new evidence nor request Ripple to provide more evidence."This submission follows a ruling made in August by the U.S. District Court for the Southern District of New York, which imposed a $125 million fine on Ripple for its institutional XRP sales and determined that these sales constituted securities transactions.

ChainCatcher News, the Fourth Circuit Court of Appeals in the United States recently dismissed a homeowner's lawsuit against the insurance company Lemonade Insurance. The homeowner claimed that the insurance company should compensate for a loss of $170,000 due to a cryptocurrency scam. However, the court ruled that under Virginia law, homeowners insurance only covers "direct physical loss," and digital theft of cryptocurrency does not meet this definition.The judge noted that the insurance company had fulfilled its compensation obligations under the relevant terms of the policy, providing $500 for electronic transfer theft compensation.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has officially appealed the XRP ruling made by Judge Analisa Torres. On Thursday, the regulatory agency submitted Form C to the U.S. Court of Appeals for the Second Circuit. This has reignited the legal dispute over whether the sale of XRP on cryptocurrency trading platforms meets the criteria for securities. The regulatory agency has raised questions about key aspects of the court's ruling, including the acquittal of Ripple executives and the distribution of XRP in non-cash forms. The outcome of this case could have significant implications for future cryptocurrency regulation.

ChainCatcher news, Ripple CEO Brad Garlinghouse continues to strongly oppose the U.S. SEC, particularly its ongoing legal actions against XRP and the appeals related to the Ripple case.The crypto derivatives platform Bitnomial recently filed a lawsuit against the SEC regarding the regulatory authority over XRP futures, to which Garlinghouse responded on X: "For a rebellious agency that many believe cannot further degrade, they have once again broken the bottom line. The SEC now believes it can place itself above the law, ignoring the court's ruling that XRP is not a security."

ChainCatcher news, the Jiangsu High Court's official WeChat account published "2023 Typical Cases of Foreign-related Commercial Trials in Jiangsu Courts," which disclosed that Tian XX, Pan XX, and a third party signed a "Cooperation Agreement" to jointly operate the "MFA Blockchain Project." Pan XX transferred a total of 15.74 million yuan to Tian XX and the third party for the purchase of the MFA virtual currency as stipulated in the agreement; Tian XX subsequently transferred 10.6 million yuan to Pan XX. Tian XX claimed that MEXC (a Singapore trading platform) delisted the MFA/USDT spot trading in September 2020, and the virtual account involved in the case was locked and could not be traded, resulting in a total loss of investment. Pan XX filed a lawsuit, requesting the return of the remaining funds and payment of interest.The Yancheng Intermediate People's Court ruled that the virtual currency trading behavior was invalid, thus dismissing Pan XX's lawsuit. Pan XX was dissatisfied with the ruling and appealed. The Jiangsu Provincial High Court, in its second instance, held that foreign virtual currency exchanges providing services to residents in China via the internet also constitute illegal financial activities, and the relevant civil legal acts are invalid, with the resulting losses to be borne by the parties themselves. The court thus dismissed the appeal and upheld the original ruling.

ChainCatcher news, according to The Block, the U.S. Securities and Exchange Commission (SEC) is appealing the previous ruling by the U.S. Second Circuit Court of Appeals regarding the Web3 payment company Ripple, as indicated by documents released on Wednesday."We believe the district court's ruling in the Ripple case conflicts with decades of Supreme Court precedent and securities law, and we look forward to presenting our case in the Second Circuit," an SEC spokesperson told The Block.Previously, the judge ordered Ripple to pay a civil penalty of $125 million on August 7, significantly lower than the $2 billion penalty initially sought by the SEC. The ruling also partially granted and denied the SEC's motion for preliminary remedies regarding Ripple's sale of XRP tokens.

ChainCatcher news, according to foxbusiness, the U.S. Securities and Exchange Commission must decide by October 7 whether to challenge the ruling made by U.S. District Judge Analisa Torres in July 2023, which found that only some sales of XRP cryptocurrency by Ripple violated securities laws. This ruling has drawn criticism from securities lawyers and other federal judges.This ruling is considered a significant legal victory for the still-nascent cryptocurrency industry as it attempts to demonstrate that this emerging asset class does not violate U.S. securities laws as the SEC believes. It has also become a cornerstone of the legal strategies for other crypto entities, such as trading platforms Coinbase, Binance, and Kraken, which are currently being sued by the commission for allegedly selling unregistered securities.Former SEC enforcement lawyer Arc Powers stated in an interview with Fox Business that the SEC is likely to appeal, as the agency and its cryptocurrency skeptic chair Gary Gensler are determined to exert jurisdiction over this $2 trillion industry.Foxbusiness reports that disclosure is the cornerstone of U.S. securities law. When a company sells stock to raise funds and expand its business, it must file extensive paperwork to provide investors with the information they need to make informed decisions about purchasing the stock. Some legal experts argue that Judge Analisa Torres' ruling undermines this disclosure requirement.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on the X platform stating: "A former SEC lawyer who recently left the agency told me that the SEC may appeal Judge Torres' ruling on the Ripple case from July 2023, partly because everyone within the SEC firmly believes that this ruling is wrong and should be appealed."It is reported that the SEC's deadline for appeal is October 7.

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.