Onchain, in court: What happened in crypto legal news this week
The CFTC ordered a trading ban for former Alameda and FTX executives, and US prosecutors opposed a motion from a US soldier accused of profiting from the removal of Nicolas Maduro.
The CFTC imposed strict trading bans on former Alameda and FTX executives Caroline Ellison and Zixiao "Gary" Wang. Ellison faced a ten-year registration ban, while Wang received an eight-year ban. The orders came as part of the CFTC's investigation into the FTX exchange collapse and reflected their "material assistance" in the case.
Meanwhile, a US soldier named Gannon Ken Van Dyke, who allegedly profited from the removal of Venezuelan President Nicolas Maduro, had his motion to dismiss his case filed by government lawyers. The motion claimed the Commodity Exchange Act was ambiguous in treating event contracts as swaps under the CFTC's jurisdiction. The government argued that Van Dyke's claims were unnecessary at the motion-to-dismiss stage and relied on speculative assertions.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
