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Date set for Boeing fraud case
A U.S. judge has set a June 23 trial date in the Justice Department’s criminal fraud case against Boeing, marking a major turn in the ongoing legal fallout from two fatal 737 MAX crashes. Boeing had agreed last year to plead guilty to a criminal conspiracy charge and pay up to $487.2m, but U.S. District…
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Crypto ‘mixer’ sanctions dropped
The U.S. Treasury Department has reversed sanctions on Tornado Cash, a cryptocurrency “mixer” previously accused by the Biden administration of laundering over $7bn, including funds for North Korea’s Lazarus hacking group, following a court ruling that the Office of Foreign Assets Control exceeded its authority in 2022. This decision aligns with President Donald Trump’s crypto-friendly…
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Crypto task force meeting held by SEC
The U.S. Securities and Exchange Commission’s crypto task force, led by Republican Commissioner Hester Peirce, convened its first public roundtable on March 21, 2025, to explore how securities laws apply to digital assets, amid President Donald Trump’s push to reshape cryptocurrency regulations. Experts, including former SEC officials and industry leaders like Miles Jennings from Andreessen…
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White House expected to narrow ‘Liberation Day’ tariffs
The White House is narrowing its approach to tariffs set to take effect on April 2nd, dubbed “Liberation Day” by President Donald Trump, likely omitting a set of industry-specific tariffs while applying reciprocal levies on a targeted set of nations that account for the bulk of foreign trade with the U.S. There had been plans…
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JPMorgan faces lawsuit over health benefits
JPMorgan Chase is facing a lawsuit filed in the United States District Court for the Southern District of New York alleging mismanagement of employee health benefits. The lawsuit accuses the bank of failing its employees by agreeing to overcharges in prescription drugs by the company’s pharmacy benefit manager (PBM), CVS Caremark, which sets the drug…
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Greenpeace ordered to pay more than $660m for defaming oil firm
A North Dakota jury has found Greenpeace liable for defamation, and ordered the environmental group to pay more than $660m in damages to Texas-based pipeline company Energy Transfer for its role in one of the largest anti-fossil fuel protests in U.S. history. Energy Transfer also accused Greenpeace of trespass, nuisance and civil conspiracy over the…
