C. Wright to Challenge Court Order

Court ruled mr. Right to pay his former business partner Dave Clayman family more than 500,000 BTC
02 September 2019   232

Craig Wright, an Australian entrepreneur who has been trying in vain for several years to prove to the community that he is the creator of Bitcoin, intends to challenge the court decision, in which he must pay the family of his former business partner Dave Clayman more than 500,000 BTC. This is reported by the Cointelegraph.

As it became known, on August 30, Wright's lawyer Andres Rivero sent a petition to the District Court of the Southern District of Florida with a request to grant a 14-day delay in appealing the decision to recover from Craig Wright half of all bitcoins and intellectual property rights that he allegedly owned until 2014 years, in favor of the relatives of deceased Dave Kleiman.

According to the document, Craig Wright believes that Judge Bruce Reinhart did not have the necessary authority to make such a decision and that the Australian lawyers team would need an additional 14 days to evaluate its legal force.

Officially, the appeal deadline is September 10th, and if the application is granted, this date will be postponed to September 24th.

It is noteworthy that as one of the reasons for the postponement of the time, lawyers also cite circumstances of an exceptional nature - Hurricane Dorian, which threatens to soon fall on Central and South Florida and thereby limit the possibilities for full-fledged work.

Andres Rivero also emphasizes that the petition was filed “on the basis of best intentions”, and not with the aim of delaying the case.

The Kleiman v. Wright case affects 1.1 million BTC in a certain Tulip Trust. However, the existence of this trust, presumably protected by a complex cryptographic scheme and legal barriers, remains in great doubt, as is the fact that Wright is indeed Satoshi Nakamoto.

Nevertheless, when deciding last week, Judge Reinhart did not understand whether the Australian scientist created Bitcoin, after which the lawyer of the latter concluded that the court decision only proves this. You can read more about the process here.

It is noteworthy that Ira Kleiman, the brother of the deceased computer criminalist, will have to pay 40% of the amount awarded to him if Wright does not manage to challenge the decision of the district court in the court of appeal. Some have already expressed concerns that this may adversely affect the price of bitcoin. However, after several years of embarrassment, almost no one in the community takes Wright’s claim to Satoshi’s laurels seriously, respectively - it is unlikely that he ever owned such bitcoin capital at all.

SEC Chairman to Speak About BTC Listing

It looks like Bitcoin listing on the tradional exchanges won't happen in the nearest future
20 September 2019   80

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC.

If [investors] think there’s the same rigor around that price discovery as there is on the Nasdaq or New York Stock Exchange ... they are sorely mistaken. We have to get to a place where we can be confident that trading is better regulated.

Jay Clayton

Chairman, SEC

He was talking about listing conditions for bitcoin itself, and not derivatives, such as CME futures.