The New York Department of Financial Services (DFS) proposed new standards for crypto businesses to follow when listing and delisting tokens. The guidance aims to heighten risk assessment standards for coin-listing policies, tailor enhanced requirements for retail consumer-facing businesses, require licensees to develop and submit a coin-delisting policy to DFS, and update the DFS Greenlist, or the list of coins and tokens approved for all licensees to list or custody.

FTX is suing the parents of Sam Bankman-Fried in order to “recover millions of dollars in fraudulently transferred and misappropriated funds,” according to a court filing.

Jacksonville Jaguars quarterback Trevor Lawrence and two other defendants reached proposed settlements in a multidistrict litigation brought by FTX customers, who claim Lawrence and other media personalities helped promote the collapsed cryptocurrency exchange.

US District Judge Edgardo Ramos refused to grant a new trial to former Locke Lord LLP partner Mark Scott, who was convicted in 2019 of laundering over $400 million tied to the global OneCoin cryptocurrency scam.

Federal Magistrate Judge Zia Faruqui denied the SEC’s request to let officials inspect Binance.US’s software, stating that the SEC must come up with more tailored requests and speak with additional witnesses.

Gemini Trust Company LLC told a New York bankruptcy judge that Digital Currency Group Inc. (DCG) is trying to deceive Genesis creditors into accepting a Chapter 11 plan that would allow DCG to skip out on nearly $600 million of overdue obligations it owes to Genesis.

Federal prosecutors wrote a letter to US District Court Judge Lewis A. Kaplan objecting to a series of questions Sam Bankman-Fried’s lawyers plan to ask prospective jurors for his upcoming trial, calling them “unnecessarily intrusive.”

A district judge approved the SEC’s motion to unseal documents in the agency’s lawsuit against Binance.US after the SEC accused Binance of a lack of transparency.

The House Financial Services Committee is holding a markup of several bills on September 20, including H.R. 3712, the Digital Dollar Pilot Prevention Act. The bill, introduced by Rep. Alex Mooney (R-WV) in May, would restrict the Federal Reserve from launching pilot programs to test CBDCs without prior approval from Congress.