federal court

President Donald Trump claimed losing legal challenges to his sweeping tariffs would lead to the “economic ruination” of America after federal courts blocked his emergency trade powers while an appeals court provided temporary relief. What Happened: Trump warned on Truth Social Sunday...

The Federal Court’s decision to strike down President Donald Trump‘s tariffs could have a widespread effect on the economy, stock market and individual companies, which were starting to settle with the idea of higher duties. What Happened: Considering the same level of imports from 2024...

President Donald Trump has been dealt a significant blow to his trade policies, with a federal court ruling against his authority to impose global tariffs. However, the president is likely to find a workaround to this setback. What Happened: Goldman Sachs economists believe that the court’s...

A federal court has dismissed a lawsuit from major marijuana companies that sought to prevent the U.S. government from enforcing cannabis prohibition against their in-state activities. The U.S. District Court for the District of Massachusetts's Western Division ruled on Monday that despite...

James M. Fejes Jr., owner of Flying High Investments LLC, faces the loss of his pilot license after transporting cannabis within Alaska. The Federal Aviation Administration (FAA) revoked his certificate despite Fejes’s argument that since cannabis is legal in Alaska, its transportation...

Coinbase Global Inc. (NASDAQ: COIN) on Monday submitted a petition to a federal appeals court, challenging a decision made by the U.S. Securities and Exchange Commission (SEC). The SEC had rejected Coinbase's appeal for the establishment of new regulations tailored to the digital asset industry...

In a recent ruling, a federal court has mandated cryptocurrency exchange Kraken must provide account and transaction details to the Internal Revenue Service (IRS). The IRS stated it requires this information to investigate whether Kraken's users have failed to accurately report their...

Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware denied a request on Feb. 15 for an independent examiner for FTX, citing additional expenses and unnecessary burden on the creditors and debtors. According to the judge, if an examiner were appointed, the cost of the...