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The lawsuit between the U.S Securities and Exchange Commission (SEC) and cryptocurrency exchange Coinbase is moving forward as the date for initial arguments has been confirmed. Coinbase's chief legal officer, Paul Grewal, revealed on Twitter that New York judge Katherine Polk Failla had approved the joint request from both parties to proceed with hearings.
Coinbase has until August 4, 2023, to submit its initial brief and additional supporting documents by August 11. The SEC's opposition brief is due on or before October 10, with Coinbase's reply by October 24 or sooner. 
On the morning of July 13, Alex Mashinsky, the former CEO of the now-bankrupt crypto lender Celsius, was reportedly arrested. The news broke minutes after the United States Securities and Exchange Commission filed a lawsuit against the crypto lender on the same day.
The company’s token dropped 6% upon hearing the news.
The former CEO was arrested following an investigation into the company’s collapse. Celsius Network initiated the process of filing for bankruptcy on July 14 of the previous year. Investigators at the Commodity Futures Trading Commission found Mashinsky guilty of breaking numerous U.S. regulations prior to the company’s implosion in 2022.
The investigation into the troubled crypto lender began after the New York Attorney General sued Mashinsky on January 5. The lawsuit alleged that the former CEO misled investors and caused billions of dollars in losses. AI Surrealism: An Emerging Frontier for Digital Artists
The confluence of Web3 and artificial intelligence: what might it yield? Digital artists delving into the distinctive potential of these groundbreaking technologies are blazing the trail for a genre dubbed as AI Surrealism. At its epicenter — an exhibition in the heart of New York City. 
A New York court has issued a ruling allowing the former chief executive of FTX to use messaging apps, but with some restrictions.
?No Signal and other apps with disappearing or hidden chat features
?Ban on contacting FTX or Alameda employees
?Communication is allowed only in the presence of counsel
How will Sam now send some meaningful messages under the watchful eye of the accusing party's lawyer? Does he know any secret language? We'll see soon enough. 
Is crypto winter over?
As the curtain fell on April, the New York-based investment behemoth, HC Wainwright, unveiled optimistic forecasts concerning the imminent evolution of the crypto sector. Those stalwart platforms that weathered the harshest days are primed to reap rewards in the upcoming bull market. Such deductions were drawn from a thorough examination of the market potentialities of the crypto trading titan. OneCoin's Legal and Compliance Head Charged with Money Laundering
The Southern District of New York Attorney's Office, led by Damian Williams, is targeting another crucial player in the notorious OneCoin crypto pyramid scheme – Irina Dilkinska. According to charges, Dilkinska assisted Ignatova and Greenwood in laundering money. 
The SEC accuses Paxos Trust, the Pax Dollar, and BUSD stablecoins issuer, of illegal trading securities. You sound like a broken record, Mr. Gensler!
The Commission seems to have a hard time in court: Paxos has been authorized by the New York Department of Financial Services (NYDFS); it operates under its supervision, and its stablecoins are actively used by institutional investors in the United States.
The crypto community will see an epic battle between SEC prosecutors and NYDFS lawyers! We’re wondering who has more powerful attorneys: Paxos or Ripple? 
Genesis Global also failed to stay afloat and filed for bankruptcy.
It was reported that the exchange founders filed in the New York Southern District Court for Chapter 11 bankruptcy, which provides for "sale, capital raise or reorganization of debt. That is, the exchange can still be saved, but with a different owner.
Genesis Trading owes creditors more than $3 billion. The company representatives claim that they have only $150 million in cash. Blockparty CTO stole over $1 million from the company
The U.S. Department of Justice continues to bring new crypto scammers under the Christmas tree for the FBI. According to the U.S. Attorney's Office for the Southern District of New York, Blockparty's co-founder and CTO Rikesh Thapa was arrested on December 7. 
