New York Judge Classifies Bitcoin As Money

New York Judge Classifies Bitcoin As Money

On September 19 U.S. Federal Judge Alison Nathan in Manhattan declared Bitcoin is money. The judgment follows the recent Florida ruling in which the Judge decided the opposite — that Bitcoin is not money. The decisions in both states show U.S. officials don’t see eye to eye on classifiying cryptocurrency. New York Federal Judge Deems Bitcoin as Money.....


Related News

Bitcoin is Money, Rules New York Federal Judge

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....

US District Judge: “Bitcoin is Money”

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....

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....

Get Ready for 2017 – These Legal Precedents on Bitcoin Were Set in 2016

2016 saw numerous important court decisions made which affect the Bitcoin industry as a whole. We consulted lawyers and researched the biggest court cases of the year, ranging from whether or not Bitcoin is money to the fate of Ross Ulbricht. Here’s what we’ve found. Is Bitcoin money? An age-old Bitcoin question returned to the spotlight in 2016: is....

New York Judge Orders Terraform Labs to Comply With SEC’s Investigative Subpo...

A recent court filing stemming from the Southern District of New York shows that a U.S. district judge has ordered the crypto startup Terraform Labs to comply with the Securities and Exchange Commission’s (SEC) subpoenas. During the second week of November 2021, the U.S. regulator filed a subpoena enforcement action against Terraform Labs and the startup’s CEO, Do Kwon. U.S. Regulator Gets New York Judge to Side With Investigative Subpoenas Plea On February 17, 2022, a court order signed by the United States district judge J. Paul Oetken details that the startup Terraform....