Ripple Labs has secured another win in its legal battle against the US Securities and Exchange Commission (SEC). The court denied the SEC's motion to seal the Hinman speech documents, which the agency claimed reflected non-public deliberations by its officials. However, the court overruled the SEC's objections and found that the documents did not fall under the deliberative process or attorney-client privileges as claimed by the SEC. This is a developing story and more updates are expected. Additionally, a list of crypto presale projects and Telegram channels for 2023 has been updated.
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Ripple Secures Another Win as Judge Denies SEC's Motion to Seal Hinman Speech Documents
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UAE to introduce legal framework for DAOs
The United Arab Emirates is focusing on introducing a legal framework for decentralized autonomous organizations (DAOs) in the Ras Al Khaimah Digital Asset Oasis (RAK DAO), a free economic zone dedicated to digital assets. Law firm NeosLegal and RAK DAO announced that the new system will be launched and discussed at the DAO Legal Clinic on October 25th. Irina Heaver, a partner at NeosLegal, said that the framework is expected to clarify how DAOs can remain legally compliant, and she believes this will have a significant impact on decentralized governance in the UAE and the wider Web3 ecosystem. The announcement emphasizes that the legal structure will clarify tax obligations and benefits. It will also establish property rights for on-chain and off-chain assets and provide legal protection for the founders, members, and contributors of the DAO from personal liability. The legal framework will also enable DAOs to enter into legally binding contracts and establish guidelines for resolving internal and external disputes. -
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U.S. prosecutors urge five-year prison sentence for $6 billion cryptocurrency heist mastermind
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Bloomberg ETF Analyst: XRP ETF may be the next exchange-traded fund product to be launched
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