Amicus Brief Filed By Bitcoin Foundation in Florida Criminal Case
The Bitcoin Foundation announced Thursday afternoon that they have filed an amicus brief with respect to a criminal case surrounding bitcoin transactions in the state of Florida. Said case involves an individual who has been accused of being an unauthorized money transmitter, in addition to facing two counts of laundering money. The case involves two men, Pascal Reid (29) and Michel Abner Espinoza (30), who were both sellers of bitcoin on LocalBitcoins.com. Undercover officers each purchased $1,500 worth of bitcoin from the men, noting that they were going to use the digital currency to....
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The Bitcoin Foundation, the digital currency's chief trade organization, has filed an amicus brief in connection with a Florida state criminal case involving Pascal Reid, a LocalBitcoins.com user who was arrested and charged with operating an unauthorized money transmission business and money laundering earlier this year. An amicus brief, known formally as an amicus curiae, is a legal tool that can be exercised by parties with strong interests in a case who want to ensure an outcome that is consistent with their views. In this instance, members of the Bitcoin Foundation told CoinDesk, the....
The question of whether or not Bitcoin is money, property or a commodity took one step closer as a Federal judge ruled in the case of Robert Faiella, 54 and Charles Shrem, 24, that Bitcoin was money. This case is actually not the only ruling on the issue by US courts that called Bitcoin money. The judge did not agree with the defense's idea that Bitcoin was not money saying Bitcoin "clearly qualifies as 'money' or ‘funds.’” In this particular case, defendants were moving money through the Silk Road and the judge stated that since Bitcoin has a denominator of value (each Bitcoin is worth a....
On July 9th, Jon Matonis acceptedthe position of Executive Director of theBitcoin Foundation. Jon Matonis is a tech contributor toForbes Magazine, editor of The Monetary Future, and also serves on our editorial board at Bitcoin Magazine. Previously Jon was the CEO of Hushmail and Chief Forex Trader at VISA. How the Bitcoin Foundation will move forward on regulatory and legal issues is of crucial importance to the Bitcoin community. Jon announced a Legal Defense Fund and that it will be structured similarly to that of the Electronic Frontier Foundation. The Foundation intends to file amicus....
Crypto research firm Paradigm has filed an amicus brief in the ongoing court case between the US Securities and Exchange Commission (SEC) and Binance, its US affiliate – Binance.US – and the exchange’s global CEO Changpeng “CZ” Chao. Back in June, the US top securities watchdog launched a lawsuit against the defendants, accusing them of […]
A Florida judge has dismissed long-standing charges against Michel Espinoza, accused since 2014 of illegal money transmission and money laundering for selling bitcoin. The case and decision are now likely to have widespread positive implications for Bitcoin in the South Florida region, said the defense’s main expert witness. Espinoza’s legal team had....