Bloomberg Law

Court Rejects Crypto User’s Effort to Shield Records From IRS

A New Hampshire federal court dismissed a cryptocurrency user’s constitutional challenge to the IRS’s seizure of his records without prior notice.

Binance Explores Letting Some Traders Keep Collateral at a Bank

Binance is discussing a proposal to let some of its institutional clients keep their trading collateral at a bank instead of with the crypto platform, a step that could help reduce counterparty risk.

China Crypto Pioneer Warns Hong Kong May Cool on Digital Assets

A crypto entrepreneur whose business in China was upended by a regulatory crackdown considers his experience to be a cautionary tale for companies attracted by Hong Kong’s push to create a digital-asset hub.

Hacker Who Robbed Crypto Laundering Service Uses It to Mask Loot

A hacker who took control of the sanctioned crypto mixer Tornado Cash has relinquished power over the service while also using the protocol to launder the digital tokens plundered during the attack.

Winklevoss Twins Try to Pivot After Gemini Loses Money, Staff

Since going all-in on Bitcoin over a decade ago, Tyler and Cameron Winklevoss have had their share of ups and downs. But these days, issues around the billionaire twins’ Gemini crypto exchange just seem to keep piling up.


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IRS Data Leak Damages Suit Should Proceed, Says Ken Griffin

Hedge fund manager Ken Griffin has called on a Florida district court to allow his lawsuit to proceed against the IRS for allegedly failing to protect his confidential financial information, arguing that he made a plausible claim that tax records were leaked to the press.

Why Custodia Bank Is Suing the Federal Reserve

Wyoming-based Custodia Bank is suing to become part of the Federal Reserve System. Custodia Bank CEO Caitlin Long is on "Bloomberg Crypto."