USDT issuer Tether has been dealt a blow in its multibillion-dollar lawsuit with Celsius after a US bankruptcy judge ruled that the lawsuit can proceed. The judge denied Tether’s attempt to dismiss claims that it “improperly” liquidated Celsius’s Bitcoin collateral during the crypto lender’s collapse in 2022. Per court documents filed in New York on … Read more
Ripple’s legal counsel Bill Morgan has dismissed speculation that the U.S. government could seize XRP tokens from the company’s escrow accounts for national reserve purposes. Morgan’s blunt “No it won’t” response countered analyst John Squire’s claims about potential government confiscation of Ripple’s XRP holdings. Technical transfer mechanisms exist but face limitations XRPL validator “Vet” outlined … Read more
A Solana (SOL)-based decentralized wireless network crypto project is skyrocketing after the U.S. Securities and Exchange Commission (SEC) dismissed its lawsuit against the protocol. In a new thread on the social media platform X, the development team behind Helium (HNT) says that the regulatory agency has dropped its lawsuit against the crypto platform, which alleged … Read more