Legal

Legal
SBF May Be 57 When He Finishes Serving Time
March 28, 2024

When the facts are crystal clear, often the only recourse is to appeal to emotion. That’s the tack that convicted crypto criminal and former FTX CEO Sam Bankman-Fried’s legal defense hewed to on Thursday (March 28) during the fallen wunderkind’s sentencing hearing — but, as it turned out,...

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Judge Rules SEC Lawsuit Against Coinbase Can Go to Trial
March 27, 2024

A judge ruled Wednesday (March 27) that the Securities and Exchange Commission’s lawsuit against Coinbase can go before a jury trial. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

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Card Networks’ $30 Billion Interchange Settlement Kicks Open Merchant Surcharge Door
March 26, 2024

The simple math on the swipe fee agreement reached by Visa and Mastercard announced Tuesday (March 26) indicates that consumers may not feel much impact at all, at the register, or on their wallets. Get the Full Story Complete the form to unlock this article...

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FTX CEO Slams Bankman-Fried’s ‘Nonexistent’ Remorse
March 21, 2024

FTX’s CEO says Sam Bankman-Fried’s deception didn’t stop with his fraud conviction.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

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Sam Bankman-Fried’s Defense Team Says Prosecutors’ Proposed Sentence Is ‘Medieval’
March 20, 2024

Sam Bankman-Fried’s defense team said Tuesday (March 19) that the prosecution’s proposed 40- to 50-year prison sentence is based on a “distorted” narrative and a “medieval” view of punishment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried
March 15, 2024

Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of massive fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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US Chamber Sues CFPB to Block Credit Card Late Fee Limits
March 07, 2024

The U.S. Chamber of Commerce filed a lawsuit against the Consumer Financial Protection Bureau, aiming to stop the agency from implementing its new rule to limit credit card late fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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OpenAI Plans to Move to Dismiss Elon Musk’s Lawsuit
March 06, 2024

OpenAI plans to move to dismiss all the claims made in a lawsuit by Elon Musk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

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Apple Blocks Developer Account for Epic Games Amid Continuing Disputes
March 06, 2024

Apple has blocked Epic Games from getting a developer account that Epic planned to use to launch a new app store on iPhones in Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...