U.S. Department of Justice

The U.S. Department of Justice (DOJ) has moved to prevent all seven expert witnesses lined up for Sam Bankman-Fried from giving their testimonies in court. The DOJ has raised concerns about the qualifications and disclosures of these experts, stating that many of them have failed to adequately...

The U.S. Department of Justice (DoJ) has intensified its efforts to secure FTX (CRYPTO: FTT) founder Sam Bankman-Fried's detention pending trial. The DoJ has submitted a letter to Judge Lewis A. Kaplan of the District Court for the Southern District of New York, arguing for the revocation of...

The trial against Sam Bankman-Fried, the co-founder of FTX (CRYPTO: FTT), might face considerable delays if additional charges are brought against him, according to statements from his legal representatives. The additional charges could postpone the proceedings initially scheduled for October ...

The Securities Commission of the Bahamas announced plans to strengthen its cryptocurrency laws in response to the collapse of cryptocurrency exchange FTX (CRYPTO: FTT), which had its headquarters in the Caribbean nation. The new bill will introduce measures on stablecoins, proof-of-work mining...

Florida Congressman Brian Mast recently introduced the Gun Rights and Marijuana (GRAM) Act with the hope of allowing consumers in legal states to be eligible to buy and possess firearms — something currently barred under federal law. This legislation was previously led by the late Rep. Don...

On Wednesday, a panel of experts at the Benzinga Cannabis Capital Conference discussed the issue of the IRS code 280E, which prohibits the marijuana industry from taking federal deductions. This limitation prevents cannabis companies from benefiting from key tax deductions in their federal...

Recent Second Amendment cases have set a precedent for stricter scrutiny of gun restrictions, presenting mounting challenges for the U.S. Department of Justice (DOJ) in its defense of the gun ban on cannabis users in multiple courts. A New Case A federal court has ruled once again that it is...

Shares of Credit Suisse Group (NYSE: CS) and UBS Group AG (NYSE: UBS) closed Thursday's session significantly lower, and new report released after the bell indicates the banks are now facing a U.S. Justice Department probe. What To Know: Credit Suisse and UBS are among...

The U.S. Department of Justice has addressed the federal government ban on medical marijuana patients' ability to buy and own guns. “Although plaintiffs seek to use marijuana, their arguments on this score are not limited to marijuana and would instead cast doubt on Congress’s...

The group of professionals assigned to the FTX bankruptcy case billed a total of $38 million plus expenses for their services in January. The bankruptcy administrators have hired the law firm Sullivan & Cromwell as their primary counsel, along with Quinn Emanuel Urquhart & Sullivan and...

A federal grand jury in the District of Oregon has charged four founders of Forsage, a purportedly decentralized finance (DeFi) cryptocurrency investment platform, with running Ponzi and pyramid scheme that raised approximately $340 million from victim investors. What Happened: The...

Spanish authorities, in collaboration with several other countries, arrested the CEO, sales executive and marketing director of cryptocurrency platform Bitzlato for their alleged involvement in money laundering. What Happened: A total of six people were apprehended, all of whom were...

The U.S. Securities and Exchange Commission (SEC) is seeking information about the due diligence conducted by investors in FTX, Reuters reported citing unnamed sources. The SEC has already brought charges against three top executives of the bankrupt crypto firm, which allegedly defrauded...

The U.S. Department of Justice (DOJ) has opened a criminal investigation into the alleged hack that resulted in approximately $372 million being stolen from FTX-controlled wallets on the evening that the Bahamas-based exchange declared bankruptcy. Massive cryptocurrency outflows began on Nov....

The U.S. Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) should consider banning cryptocurrencies, according to Sherrod Brown, chairman of the United States Banking Committee. “We want them to do what they need to do at the same time, maybe banning it...