Welcome to State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. I’m your host, Nikhilesh De.
Craig Wright continued to file legal claims tied to intellectual property rights around Bitcoin. A judge found him in contempt of court.
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Craig Wright in March. (Camomile Shumba/CoinDesk) |
Craig Wright continued to file legal claims tied to intellectual property rights around Bitcoin. A judge found him in contempt of court.
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Wright's longstanding legal battles have occupied courts and groups for years. Now he faces a 12-month jail term, though it's suspended for two years.
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"Craig Wright, who falsely claimed to be Satoshi Nakamoto, the pseudonymous creator of bitcoin, was found to be in contempt of court and handed a 12-month jail sentence after starting a legal claim for 900 billion pounds ($1.1 trillion) over intellectual property rights related to the Bitcoin system.
The case was brought by the Crypto Open Patent Alliance, which argued that Wright's suit in October violated the London court's July ruling barring him from pursuing proceedings related to his claim to be Nakamoto." Read the full story here. |
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The central bank of Latvia, Latvijas Banka, invites crypto-asset service providers seeking to acquire the EU MiCA license to participate in free pre-licensing consultations.
Latvijas Banka has developed both licensing and pre-licensing processes to provide the best possible support for innovators. The pre-licensing process offers individual consultations with Latvijas Banka experts, ensuring guidance on the viability of applications, regulatory compliance, and document readiness. |
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Stories you may have missed |
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U.S. Shuts Down North Korean Crypto Money Laundering Network: The U.S. Treasury Department's Office of Foreign Asset Control said it shuttered a money laundering network used by the Democratic People's Republic of Korea (i.e. North Korea). The network, allegedly fronted by a United Arab Emirates-based company called Green Alpine Trading, LLC, converted crypto into fiat currency.
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Next U.S. Senate Banking Chair Calls Crypto 'Next Wonder' of World: Senator Tim Scott and Representative French Hill laid out their broad views on crypto legislation and how that may unfold when Republicans take control of the Senate and White House (and keep control of the House of Representatives) next year.
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- 15:00 UTC (10:00 a.m. ET) There was a status conference in the DOJ case against Samourai Wallet.
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A UK court listened to arguments about whether Craig Wright was in contempt of court after Wright filed a legal claim for intellectual property rights tied to Bitcoin. The judge found Wright in contempt and gave him a 12-month jail sentence.
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- (Reuters) Michael Barr, the Federal Reserve's vice chair for supervision, has spoken to lawyers in the event President-elect Donald Trump tries to remove him, Reuters reported.
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(The Wall Street Journal) The passage of a continuing resolution to fund the U.S. government through March became uncertain earlier this week after Elon Musk, President-elect Donald Trump and Vice President-elect J.D. Vance said they opposed certain provisions. If a CR is not passed today, the U.S. government shuts down.
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If you’ve got thoughts or questions on what I should discuss next week or any other feedback you’d like to share, feel free to email me at nik@coindesk.com or find me on Bluesky @nikhileshde.bsky.social.
You can also join the group conversation on Telegram. See y’all next week! |
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