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Yesterday, an investor filed a lawsuit in Delaware Chancery Court, accusing Coinbase's board members, including Chairman and CEO Brian Armstrong, of selling $2.9 billion in stock during the company's public listing two years ago. The lawsuit claims that the board later revealed "material, negative information" that severely impacted market optimism.
In a separate legal issue, another lawsuit was filed in San Francisco on the same day, alleging that Coinbase violated Illinois' biometric privacy law. The complaint asserts that the company collected customer data without obtaining proper consent beforehand.
As Coinbase faces these dual legal challenges, it seems the company is in for a tumultuous ride. It remains to be seen whether these lawsuits are simply part of a fear, uncertainty, and doubt (FUD) storm brewing on the horizon, or if they represent more substantial concerns for the cryptocurrency giant. 
The state of Illinois decided to make a difference in the world of blockchain, and it succeeded. The local Senate wants to be able to... cancel bitcoin transactions.
According to the Digital Property Protection and Law Enforcement Act, validators must cancel transactions and return the funds to the sender or transfer them to the state Treasury if ordered by the state's attorney. The same goes for smart contracts, which must be rescinded upon a valid court request.
Shall we expect a manual sunset in the next bill? 
Yesterday, the U.S. Securities and Exchange Commission demanded that Kraken shut down its staking service. And today, SEC Commissioner Hester Peirce lashed out at her fellow regulators over their decision on the crypto exchange.
According to Peirce, the SEC should develop transparent registration rules, instead of banning a program that served both investors and companies well.
"Using enforcement actions to tell people what the law is in an emerging industry is not an efficient or fair way of regulating," the commissioner said.
What title is after commissioner? Start a petition! 
In his new post, SBF found inconsistencies in documents filed by the law firm Sullivan & Cromwell (S&C) to a Delaware court alleging that FTX US is insolvent.
S&C somehow failed to include $428 million of assets in FTX US bank accounts in the report.
As a result, SBF concluded that FTX had hundreds of millions of dollars in excess of what the exchange needed to pay its obligations to users.
Just return the money, Sam! Bitcoin inheritance: an interview with a licensed attorney
We all know a simple truth: who owns the key, owns the cryptocurrency. But what if the owner of the key changes for various reasons? How to inherit crypto or divide it during divorce without breaking the law? How cryptocurrencies are seized in Ukraine? 
Crypto Policy Symposium 2022
Crypto Policy Symposium 2022 is an international conference focusing on cryptocurrencies and blockchain technology. On September 5-6, leading representatives of IT, law, banking, regulators, journalism, and other fields will discuss the most resonant issues of the crypto-asset ecosystem in London. 
The bankrupt crypto lender has sent 150 million USDC to Circle, indicating that this amount can be eventually redeemed for US dollars.
This move is part of the company’s strategy to offload its crypto assets, despite objections from regulators that say Voyager's intention to sell its cryptocurrency may violate securities law. 
Yesterday, OpenAI announced that GPT-4 got a score above the 90th percentile out of 100 on the GRE, which is required for admission to many graduate programs.
During the test, the AI took exams in the following specialties:
Law
Mathematics
Biology
Chemistry
Programming
What's even more remarkable is that GPT-4 apparently has a talent for wine, and could even work as a sommelier in a French restaurant. French crypto bloggers face demotion to regular bloggers
French lawmakers have proposed a new law that would restrict the rights of influencers who are not registered with the Financial Markets Authority (AMF). This could mean that such bloggers may no longer be allowed to promote cryptocurrency projects. 
That’s not the first (or even tenth) case of YouTube stars and professional sportsmen being accused of promoting scam projects.
Pro wrestler Logan Paul couldn't slide out of the strong arm of the law, either. He was named in a class-action suit from the CryptoZoo investors, alleging the project to be a typical Rug Pull. Paul was one of the founders of that fraudulent venture, so the plaintiffs have a pretty good chance to receive the compensation.
Previously, we’ve published a complete guide to crypto analysis. Always remember to DYOR! 
