subpoena

The Federal Court for the Northern District of California recently dismissed Coinbase user Roger Metz's attempt to block the IRS subpoena.Metz claimed that the IRS's subpoena requiring Coinbase to hand over financial records related to its 2022 tax audit violated his privacy rights and procedural rules, and stated that he had discovered errors and paid additional taxes before the subpoena was issued. The court ruled that Metz's failure to notify the U.S. Attorney General within 90 days constituted "insufficient service," dismissing the case but allowing him to resubmit the application in the future.

According to a report by The Wall Street Journal citing informed sources, the Federal Reserve is secretly initiating a legal challenge in response to two subpoenas issued by U.S. prosecutor Jeanine Pirro in the criminal investigation against Powell.Pirro, a longtime ally of President Trump, launched the investigation to examine whether Powell made false statements to Congress last summer regarding the Federal Reserve building renovation project. This action prompted Powell to respond publicly in an unprecedented manner, stating in a video statement on January 11 that the investigation is a guise for Trump's ongoing pressure on the Federal Reserve to cut interest rates and undermine the central bank's independence.In the secret proceedings, the Federal Reserve is requesting the judge to quash the subpoenas to reduce or eliminate its obligation to respond. The specific legal arguments have not been disclosed. In high-profile investigations, it is not uncommon for recipients of subpoenas to challenge prosecutors on the grounds that the requests are overly broad or involve information protected by legal privilege.Due to the confidentiality rules applicable to criminal investigations before grand juries, this legal battle is quietly ongoing and not open to the public.

The U.S. government shutdown has temporarily frozen the Securities and Exchange Commission (SEC)'s insider trading investigation into Digital Asset Taxation (DAT) strategies.Several former SEC lawyers have stated that once the government reopens, the regulatory agency will almost certainly restart the investigation, and if suspicious trading patterns are found, subpoenas may be issued within 1-2 months. At the end of September this year, the SEC and FINRA contacted several publicly traded companies that employ cryptocurrency taxation strategies to investigate unusual fluctuations in stock prices and trading volumes. Notably, the Trump family has connections to several DAT companies, including ALT5 Sigma, which holds WLFI tokens, and Trump Media, making this investigation a "sensitive topic."

Due to the U.S. government shutdown entering its second month, the SEC's investigation into potential insider trading related to the Digital Asset Treasury (DAT) strategies adopted by public companies has been temporarily halted.Several former SEC lawyers have stated that once the government reopens, the investigation will almost certainly resume, noting that if the preliminary investigation escalates to a formal investigation, regulators may issue subpoenas within one to two months. Legal experts believe that although the Trump administration is seen as more friendly to the crypto industry, if the SEC can clarify potential violations, it will help establish a healthy regulatory framework for the digital asset market.

ChainCatcher news, according to market news, Three Arrows Capital has submitted a subpoena notice, requesting to summon SBF, Ryne Salame, and Caroline Ellison. SBF's statement will take place on October 14, 2025. Zhu Su stated that SBF illegally liquidated their $1.5 billion position, while Ryne Salame traded on client positions using insider information, cashing out $1 billion.

ChainCatcher news, according to Cryptoslate, a court in Brazil has approved the use of NFTs to notify an unconfirmed defendant in a case involving missing bitcoins, which are related to the alleged pyramid scheme BWA Brazil.This decision stems from a legal action initiated by the bankruptcy estate's court-appointed trustee, who is attempting to interrupt the statute of limitations for claims related to crypto assets allegedly acquired using creditor funds. The bankruptcy estate requested the court to allow the minting of NFTs containing relevant legal documents and sending them to the wallet address originally involved in the transactions, to digitally deliver legal procedural documents.Additionally, the prosecutor's office submitted a favorable opinion supporting the trustee's request. This measure targets digital asset holders whose identities are unknown but whose wallet addresses can be traced through the Bitcoin blockchain. The bankruptcy estate claims that approximately 11,200 BTC were acquired using creditor funds. At current prices, 11,200 bitcoins are worth over $900 million. According to the legal documents, these transactions occurred prior to the bankruptcy and may currently face recovery proceedings.

ChainCatcher news, according to CoinDesk, sources revealed that the Commodity Futures Trading Commission (CFTC) is collecting customer data from the crypto prediction market Polymarket and has issued a subpoena to Coinbase. The CFTC is requesting Coinbase to provide information related to its interactions with Polymarket, and Coinbase has informed its customers that it may have to share this data. "When we receive government information requests, each request is carefully reviewed by a trained team of experts according to established procedures to determine whether it complies with legal requirements."

ChainCatcher news, it is reported that the U.S. Department of Justice has issued subpoenas to Nvidia (NVDA.O) and other companies to seek evidence of Nvidia's violation of antitrust laws, reflecting an escalation of the investigation.According to informed sources, previously, the Department of Justice only issued questionnaires to the relevant companies, but now it has made legally binding requests for information from the recipients. This means that the government's investigation is one step closer to formally filing a lawsuit. Insiders have indicated that antitrust officials are concerned that Nvidia is making it harder for customers to switch to other suppliers and punishing those buyers who do not exclusively use its AI chips. Both the Department of Justice and representatives of Nvidia declined to comment.In addition, Nvidia (NVDA.O) fell 9.5% on Tuesday, with a market value evaporating by nearly $280 billion, bringing its total market capitalization to $2.65 trillion.

ChainCatcher message, according to the Wall Street Journal, a person close to Pavel Durov revealed that Telegram has long ignored subpoenas from law enforcement, piling them up in a company email inbox that is rarely checked.In 2018, French President Macron invited Pavel Durov to move Telegram to Paris and considered granting him French citizenship. Additionally, sources indicated that in 2017, French and UAE intelligence agencies collaborated to hack Durov's iPhone, with the operation code-named "Purple Music."

ChainCatcher news, according to CoinDesk, U.S. SEC lawyers oppose Coinbase's subpoena request, which seeks to search "essentially all documents related to crypto," with the SEC claiming it is breathtakingly broad.The court documents submitted on Monday represent the latest development in the ongoing legal battle between the SEC and Coinbase. Coinbase is attempting to subpoena the SEC and its employees, including Chairman Gary Gensler, for communications and other records that may assist Coinbase in its defense against the SEC in the upcoming trial.It is reported that the SEC filed a civil lawsuit against Coinbase last year, accusing it of operating as an unregistered securities exchange, broker, and clearing agency. The SEC also accused Coinbase of selling securities related to its equity products without registration.

ChainCatcher news, according to The Block, the U.S. CFTC is investigating possible cryptocurrency fraud activities conducted by unknown individuals, which may involve 15 tokens including the memecoin BEN. The agency issued a subpoena to the cryptocurrency-focused media company Hit Network on July 16, which had previously hired Ben "BitBoy" Armstrong as a spokesperson. The subpoena requests information about the trading activities and digital wallets related to these 15 tokens, including the BEN memecoin associated with Armstrong. Armstrong had recommended the other 14 tokens in YouTube videos (mainly before the establishment of Hit Network), suggesting them as potential purchases.

ChainCatcher news, according to CoinDesk, at a hearing this Thursday, U.S. District Judge Katherine Polk Failla of the Southern District of New York denied Coinbase's request to subpoena SEC Chairman Gary Gensler's personal communications, asking for a revised plan and a briefing schedule.Earlier in June, Coinbase informed the SEC that it planned to subpoena SEC Chairman Gary Gensler for personal communications related to cryptocurrency during his tenure and the four years prior to his appointment as chairman. Judge Failla stated that she was "actually quite surprised by the request made to Gensler in his personal capacity at the start of the hearing."As the hearing was nearing its end, after both sides had explained their arguments, the judge still found Coinbase's request inappropriate but asked the trading platform to file a motion to compel formal proceedings, allowing both sides to elaborate on their arguments more thoroughly.

ChainCatcher news, citing sources from The Block, reports that Coinbase has sent emails to some customers stating that it has received a subpoena from the Commodity Futures Trading Commission (CFTC) regarding Bybit.In the email sent to users, Coinbase stated that no action is required on their part, but Coinbase may respond to the subpoena unless a motion to quash is delivered or other objections to the subpoena submitted to the court are raised by November 30, 2023 -- including sending information related to your Coinbase account to the Commodity Futures Trading Commission. A source confirmed the authenticity of the email.According to its enforcement manual, the CFTC has certain powers to conduct investigations, including through voluntary statements and subpoenas. Coinbase stated in a May article that U.S. law requires Coinbase to collect information, including matters related to the subpoena.

ChainCatcher news, according to a report by Reuters, PayPal received a subpoena from the enforcement division of the U.S. Securities and Exchange Commission (SEC) regarding the PayPal USD stablecoin on November 1.Previous report indicates that in August this year, PayPal launched the PayPal USD (PYUSD) stablecoin for transfers and payments. This stablecoin is issued by Paxos Trust Co. and is fully backed by U.S. dollar deposits, short-term government bonds, and similar cash equivalents, and will be gradually made available to PayPal's U.S. customers. The current issuance has exceeded 158 million tokens.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on social media that U.S. House Financial Services Committee Chairman Patrick McHenry criticized SEC Chairman Gary Gensler for his lack of response to regulatory requests.Patrick McHenry stated: "You (referring to the SEC) have taken no action to address the reasonable concerns of both parties. This is shameful. Our patience is wearing thin."McHenry threatened Gensler, stating that if Gensler continues to ignore regulatory requests, he will receive a subpoena. McHenry pointed out: "I don't think you would want to be the first SEC chairman to receive a subpoena from Congress."

ChainCatcher news, according to The Information, in an investigation into the website MyForexFunds, which is suspected of operating a Ponzi scheme, the Commodity Futures Trading Commission (CFTC) subpoenaed Deel and Coinbase for information regarding payment details between the two from the end of 2021 to the end of 2022.Last week, the CFTC froze MyForexFunds' assets and filed a lawsuit against it for defrauding investors, requesting the court to rule that all wages, fees, and other profits generated from the alleged fraudulent activities, whether paid to MyForexFunds or related third parties, must be returned.Court documents show that My Forex Funds' CEO Murtuza Kazmi also controls an account with Coinbase Commerce, and Kazmi and MyForexFunds received over $20 million in cryptocurrency transactions from what the CFTC claims are likely clients of trading companies through the Coinbase Commerce account. Coinbase charges a 1% fee on transactions made through Coinbase Commerce. Kazmi sent over $9.4 million in cryptocurrency from another Coinbase account to recipients who may be clients of MyForexFunds.A spokesperson for Coinbase stated, "We take all questions raised by regulators seriously," and committed to cooperating with regulators in compliance and other areas.

ChainCatcher news, according to a report by The Wall Street Journal citing informed sources, the Federal Reserve and the Securities and Exchange Commission (SEC) are investigating Goldman Sachs. According to insiders, financing was conducted before the collapse of Silicon Valley Bank, and Goldman Sachs played a role in purchasing the securities portfolio of Silicon Valley Bank.As part of the SVB investigation, the Department of Justice has also issued a subpoena to Goldman Sachs. Insiders indicate that the investigation into Goldman Sachs is part of the ongoing investigation by the SEC and the Department of Justice into the collapse of SVB. The Federal Reserve and the SEC are seeking documents related to Goldman Sachs' role as a buyer of the securities portfolio and as a financing advisor to SVB, and are examining whether Goldman Sachs' investment banking and trading departments had improper communications regarding the sale of the portfolio. (The Wall Street Journal)

ChainCatcher news, according to a report by CoinDesk citing court documents submitted by the bankrupt hedge fund's estate management agency, Three Arrows Capital (3AC) founder Kyle Davies should be held in contempt of court for failing to respond to a subpoena regarding information about 3AC's collapse. The document urges the New York court to impose a daily fine of $10,000 for willfully ignoring previous requests, citing Davies' lavish lifestyle and the substantial profits from running the company. (source link)

ChainCatcher news, Binance founder Zhao Changpeng tweeted to confirm that a U.S. district court has issued a subpoena to him, but he stated that this is part of the compliance process of the U.S. Securities and Exchange Commission (SEC), and he does not need to appear in person but must respond within the specified time. (Source link)