constitution

The Russian Constitutional Court recently ruled that cryptocurrency assets fall under the category of property protected by property rights, a decision that is expected to have far-reaching implications for future civil disputes and criminal cases involving cryptocurrency assets.Ignat Likhunov, head of the Russian law firm Cartesius, stated that this ruling provides clear legal grounds for law enforcement agencies and courts when dealing with issues related to stolen or disputed digital assets, and establishes an important precedent. The ruling also clarifies that as long as cryptocurrency assets are legally obtained, their property rights should be protected by the judiciary, even if they have not been declared to tax authorities.The case originated from a civil lawsuit filed by Moscow resident Dmitry Timchenko. In 2023, Timchenko lent 1,000 USDT to another party, but the latter failed to return it as agreed. A lower court had previously dismissed his claim on the grounds that "stablecoins are not within the scope of digital financial asset legislation." The Constitutional Court pointed out that failing to declare cryptocurrency assets does not automatically negate property rights, and the relevant declaration obligations only apply to miners.As this ruling comes into effect, Russia is advancing a new round of cryptocurrency regulatory legislation. Analysts believe that this judgment provides clearer judicial protection for cryptocurrency holders before the legislation is completed.

In response to the South Korean financial authorities' discussion on limiting the shareholding ratio of major shareholders in virtual asset exchanges to the range of 15% to 20%, several scholars expressed cautious attitudes at the seminar on "The Direction of Institutionalization of Stablecoin Issuance and Trading Infrastructure" held on January 16. Professor Moon Cheol-woo from Sungkyunkwan University's Business School pointed out that forcibly compressing the shareholding ratio of major shareholders may touch upon property rights protection issues, posing a risk of unconstitutionality.He also mentioned that comparing the equity structures of Binance and Coinbase, it is not uncommon globally for founders to maintain a high shareholding ratio, and such restrictive measures may contradict the international trend of emphasizing responsible management.Additionally, Professor Kim Yoon-kyung from Incheon University believes that directly intervening in the equity structure through ratio limits is too radical and may weaken the industry's innovation and development momentum. Several experts at the meeting suggested that regulatory authorities could guide equity dispersion and compliant development by strengthening the qualification review of major shareholders and improving IPO-related systems, rather than adopting mandatory divestiture arrangements.

The Russian Constitutional Court is currently hearing a key case that will determine whether citizens have property rights over stablecoins such as USDT.Several regulatory experts have informed the court that fiat-backed stablecoins like USDT do not fall under the category of "digital financial assets" (DFA) according to Russian law, nor do they apply to domestic digital currency circulation rules. The case originated from Moscow resident Dmitry Timchenko, who lent 1,000 USDT in 2023 but was refused repayment by the other party. His appeals to the district court, the higher court, and the Supreme Court were all rejected, with the courts stating that stablecoins do not belong to the protected category of DFA. Timchenko subsequently appealed to the Constitutional Court, claiming that "no other asset class in Russia faces such restrictions." During the hearing, both the central bank and the anti-money laundering agency Rosfinmonitoring stated that stablecoins possess characteristics of "foreign currency digital assets," making it difficult to classify them as DFA, and proving ownership on public chains is challenging. Some legal experts believe that if stablecoins are not recognized as DFA, it could actually benefit ordinary traders in everyday transactions or in evading sanctions, but the lack of legal protection also increases the risk of asset freezing by the issuer. The final ruling in this case is expected to be announced in a few weeks in a non-public manner and is seen as an important precedent for the judicial recognition of stablecoins in Russia.

The Ontario Court of Appeal ruled in the case of "Binance Holdings Limited v. Ontario Securities Commission (OSC)" to revoke the OSC's previous large-scale document request against Binance, stating that its "scope is shocking" and violates Section 8 of the Canadian Charter of Rights and Freedoms regarding "protection against unreasonable search and seizure."The court noted that although capital market participants have a lower expectation of privacy in regulated activities, they are still protected by the Charter. The OSC had previously requested Binance to submit "all internal and related party communication records involving Canada for a period of two and a half years," which the court found exceeded reasonable regulatory purposes. The ruling emphasized that regulatory investigations may proceed without evidence of wrongdoing, but must still be limited to "categories of documents reasonably related to the investigation's purpose," or they may be dismissed by the court.Additionally, the court commented on Binance's use of encrypted communication tools like Signal that feature "self-destructing messages," stating that the mere use of such technology is insufficient to infer an intent to "evade regulation," providing important clarification for financial institutions using privacy communication software. This ruling is seen as establishing the boundaries of Canadian securities regulatory authority and reminding companies that they can assert the privacy and due process rights granted by the Charter when faced with cross-border or overly broad investigation requests.

ChainCatcher news, according to The Bitcoin Historian's monitoring, Swiss parliament member Kullmann announced that he is working to incorporate BTC into the constitution and national reserves.

ChainCatcher news, El Salvador's legislative body has approved comprehensive constitutional reforms that allow for indefinite presidential re-election, effectively enabling President Nayib Bukele to remain in power after the end of his current term. The Salvadoran Legislative Assembly stated that Bukele's New Ideas party and its allies passed five reform proposals with a vote of 57 to 3, which also extends the presidential term from five years to six years and eliminates runoff voting. Opponents warn that this move will concentrate power and threaten democratic institutions, as these changes remove long-standing term limits that constrained executive power.New Ideas party lawmaker Ana Figueroa proposed to end Bukele's current term two years early to align the presidential and congressional elections on the same timeline. If approved, Bukele's current term would end on June 1, 2027, instead of June 1, 2029.

ChainCatcher news, according to a report by Jinshi, a senior official from the U.S. Department of Justice stated that President Trump, under the executive powers granted by Article II of the Constitution, has decided to carry out airstrikes on Iran's nuclear facilities. This decision has been discussed with the White House legal counsel and the Department of Justice.The official stated that the president has broad military command authority in national security matters, while Article I of the Constitution grants Congress the power to declare war. Currently, the airstrikes on three nuclear targets "do not constitute an act of war requiring congressional approval," but if the conflict continues, the government may need to seek congressional authorization. The Department of Justice noted that this action references authoritative memoranda previously issued by the legal counsel offices of past administrations (both parties).The White House believes that it has already gained support from senior members of both houses of Congress, providing a solid legal basis. Attorney General Pam Bondi is expected to testify before Congress tomorrow, reaffirming the legality of the president's actions under Article II of the Constitution.

According to ChainCatcher news, as reported by Jinshi Data, on the evening of June 21 local time, NBC News reported that New York Democratic Congresswoman Alexandria Ocasio-Cortez stated that President Trump's decision to attack Iran without congressional authorization "absolutely and clearly constitutes grounds for impeachment." She claimed that the president's unauthorized bombing of Iran was a catastrophic decision that severely violated the Constitution and Congress's war powers.

ChainCatcher news, according to a tweet by American political commentator Brian Tyler Cohen on the X platform, U.S. Republican Congressman Andy Ogles is currently proposing a constitutional amendment that would allow Trump to run for a third term.

ChainCatcher news, encrypted media Coinage founder Zack Guzmán posted an analysis that the Trump family quickly launched TRUMP and MELANIA tokens before the inauguration, possibly to avoid constitutional risks.According to the compensation clause of the U.S. Constitution, the president cannot receive profits from foreign governments. Trump has previously earned about $7.2 million from the NFT project, and his wife Melania has also made over $330,000 from NFT sales. Guzmán pointed out that issuing tokens before officially taking office could reduce the risk of being accused of violating the compensation clause.

ChainCatcher news, according to Jinshi reports, lawyer for Yoon Suk-yeol stated that South Korean President Yoon Suk-yeol will attend the Constitutional Court debate and express his opinion on an appropriate date.

ChainCatcher news, Bitcoin advocate Dennis Porter revealed that Swiss legislator Samuel Kullmann is pushing for a referendum plan to incorporate Bitcoin into the Swiss Constitution. The plan requires collecting 100,000 signatures within 18 months to prompt a vote in the state parliaments regarding Bitcoin's constitutional inclusion. Even if it ultimately fails to pass, the signature collection process will encourage all state parliament members to gain a deeper understanding of Bitcoin. Currently, the proposal has entered the review stage by the Swiss Federal Government.Previous news, Switzerland plans to incorporate Bitcoin into the constitutional system and has now initiated the referendum review process.

ChainCatcher news, according to Bitcoin Magazine, the Swiss Federal Government has officially begun reviewing a referendum proposal titled "Building a Financially Robust, Sovereign, and Responsible Switzerland (Bitcoin Initiative)."The proposal has been published in the Federal Gazette and has entered the signature collection phase, aiming to incorporate Bitcoin into the Swiss national financial system through a constitutional amendment.

ChainCatcher news, the Constitutional Court of Korea has officially opened the trial for the impeachment case against President Yoon Suk-yeol. It is reported that the first stage will be the "preparatory hearing" (also known as the "pre-trial conference"). During this period, the Constitutional Court will hold one or more hearings, where both sides, namely the National Assembly of Korea and Yoon Suk-yeol's side, will focus on organizing their respective positions, claims, evidence, and points of contention. After that, the Constitutional Court will choose an appropriate time to conduct court debates between the two parties until the final ruling is announced. (Jinshi)

ChainCatcher news, the Constitutional Court of Korea stated that the impeachment case documents sent to Yoon Suk-yeol were not received, but they still have delivery effect. The Constitutional Court announced that the first preparatory hearing (pre-trial meeting) for the impeachment case will be held as scheduled on December 27. (Jin Ten)

ChainCatcher news, a spokesperson for the Constitutional Court of Korea stated that the Constitutional Court will hold its first hearing on the impeachment case of Yoon Suk-yeol on December 27.

ChainCatcher news, according to the Korea JoongAng Daily, a pro-Yoon Suk-yeol official stated that the president has made up his mind to face the constitutional hearing in an impeached state rather than resigning early.

ChainCatcher news, according to a report by Jinshi citing the Korean Central News Agency, South Korean Democratic Party leader Lee Jae-myung stated that President Yoon Suk-yeol's declaration of martial law is an unconstitutional act.

ChainCatcher news, HashKey Global has now launched the ConstitutionDAO (PEOPLE) and Artificial Superintelligence Alliance (FET) perpetual contracts, supporting U-based trading mode.Users can trade PEOPLEUSDT and FETUSDT contracts, both offering up to 10x leverage, with USDT as the settlement currency, and trading available 24/7. The funding fee settlement frequency is every 8 hours, with a fee cap of +0.75%/-0.75%. The PEOPLEUSDT contract has a face value of 100 PEOPLE, with a minimum price fluctuation of 0.00001; the FETUSDT contract has a face value of 1 FET, with a minimum price fluctuation of 0.0001.

ChainCatcher message, Ethereum Stories stated on social media that "ConstitutionDAO: An Ethereum Story" has been released, with a runtime of about 7 minutes, telling the "crazy story of how thousands of strangers came together to try to purchase the U.S. Constitution."It is reported that in mid-November 2021, Sotheby's was auctioning an official first edition print of the U.S. Constitution, which is also the only copy currently held in private hands. ConstitutionDAO successfully raised over 10,000 ETH, approximately 47 million dollars, through the Juicebox crowdfunding platform in just 6 days. After failing to win the auction, ConstitutionDAO announced that it would cease operations and open a donation refund channel.