US Federal Judge Rules Bitcoin is Money in Coin.mx Trial
A federal judge in New York has ruled that bitcoin constitutes a form of money. The ruling comes from the ongoing case involving the now-defunct Florida bitcoin exchange Coin.mx and one of its former operators, Anthony Murgio. Murgio, who was indicted on alleged money laundering charges in July of last year, had sought to dismiss two of the charges against him in part by arguing that bitcoins don't count as "funds" in the context of US law. According to Reuters, Judge Alison Nathan of the Southern District Court of New York rejected that bid, writing that bitcoin is money by....
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The criminal case that sees Anthony Murgio – a Florida man charged with operating an illegal (unlicensed) bitcoin exchange – saw the presiding US federal judge reject a bid from Murgio’s defense that bitcoin did not classify as “funds”, which would deem it exempt from applicable federal laws. U.S. District Judge Alison Nathan in Manhattan has rejected Anthony Murgio’s claim to dismiss two charges related to his alleged involvement of unlicensed bitcoin exchange Coin.mx. In his bid, Murgio argued that bitcoin wasn’t money and therefore doesn’t fall under the purview of federal law of....
To be money, or not to be money? That is the question when it comes to Bitcoin. Many people around the world have a very vague understanding of what money actually is, and this can certainly extend to the judges at federal levels, who are now having to wrestle with this definition. In a new case dealing with a recently hacking of J.P. Morgan Chase, and other financial companies, a New York Federal District Judge has ruled that Bitcoin does indeed qualify as money. According to Reuters, Anthony Murgio is seeking to dismiss charges against him related to his alleged operation of the Bitcoin....
During a court hearing held on Thursday, September 28, 2023, the Court ruled that the former CEO of now-bankrupt crypto exchange FTX Sam Bankman-Fried aka SBF will remain in jail throughout his trial. Sam Bankman-Fried To Remain In Jail Throughout His Trial At the brief court hearing on Thursday at the Manhattan federal court, Bankman-Fried’s lawyers requested that the court should temporarily release their client so he could be able to prepare his defense against the charges raised against him. However, the judge overseeing the case Judge Lewis A. Kaplan has denied the request as he....
A federal trial tied to the now-defunct Florida bitcoin exchange Coin.mx has been delayed. Yesterday, the court was set to begin jury selection for the trial of Yuri Lebedev – one of the co-operators of Coin.mx alongside Anthony Murgio, who plead guilty to three charges early last month – and Trevon Gross, a pastor who was accused of helping Coin.mx and its backers to take control of a New Jersey credit union in exchange for bribes. Gross was originally charged last March. Now, according to reports, Judge Alison Nathan has delayed jury selection by a day after the prosecution introduced a....
The federal judge in charge of the tremendous Silk Road trial has been facing several online threats revealed during the previous days. The Darknet has posted leaked personal information and calls to "swat" her home. Also read: Judge Rejects Ross Ulbricht Silk Road Defense On a Technicality. Dissatisfied with the judge's rejection of the arguments put forward by Ulbricht's defense, who argued that the FBI unlawfully penetrated into Silk Road servers, Darknet users have taken the initiative to create an underground web page in the form of a Wiki, dedicated to the New York judge. The Wiki's....