Bibox Grp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Crypto Litigation and Regulation Reporter: May 2022 | Quinn Emanuel Urquhart & Sullivan, LLP

In this issue: • Anderson v. Binance, No. 1:20-CV-2803 (ALC), 2022 WL 976824 (S.D.N.Y. Mar. 31, 2022)

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Securities Litigation Update: Southern District Of New York Dismisses Putative Securities Class Action Alleging Sale Of Unregistered Cryptocurrency, But Risk Remains For Crypto-Issuers And Exchanges - Technology

Securities Litigation Update: Southern District Of New York Dismisses Putative Securities Class Action Alleging Sale Of Unregistered Cryptocurrency, But Risk Remains For Crypto-Issuers And Exchanges - Technology
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SDNY Dismisses Putative Securities Class Action Alleging Sale of Unregistered Cryptocurrency

Advertisement Securities Litigation Update: Southern District of New York Dismisses Putative Securities Class Action Alleging Sale of Unregistered Cryptocurrency, But Risk Remains for Crypto-Issuers and Exchanges Friday, April 23, 2021 In re Bibox Group Holdings Ltd. Securities Litigation, 1 Judge Denise Cote of the U.S. District Court for the Southern District of New York dismissed a putative class action alleging registration violations under securities laws against a cryptocurrency issuer and exchange, holding that the plaintiff lacked standing to assert class claims based on crypto-assets he did not purchase and did not timely file suit. While a win for the defendants, the decision serves as a reminder that the securities laws apply in full force to cryptocurrencies that qualify as securities, and the failure to register cryptocurrencies, as with any other security, may expose crypto-issuers and exchanges to class action claims.

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Securities Litigation Update: Southern District of New York Dismisses Putative Securities Class Action Alleging Sale of Unregistered Cryptocurrency, But Risk Remains for Crypto-Issuers and Exchanges | Cadwalader, Wickersham & Taft LLP

On April 16, 2021, in In re Bibox Group Holdings Ltd. Securities Litigation, 1 Judge Denise Cote of the U.S. District Court for the Southern District of New York dismissed a putative class action alleging registration violations under securities laws against a cryptocurrency issuer and exchange, holding that the plaintiff lacked standing to assert class claims based on crypto-assets he did not purchase and did not timely file suit. While a win for the defendants, the decision serves as a reminder that the securities laws apply in full force to cryptocurrencies that qualify as securities, and the failure to register cryptocurrencies, as with any other security, may expose crypto-issuers and exchanges to class action claims.

New yorkUnited statesAlexander cliffordDenise coteBlue skyBibox grpWickersham taftHoldings ltdCourt decisionUs district courtWj howey coSix nations ltdFund of the city chicagoSupreme courtUs supreme court howeySecurities exchange