In April, Coinbase announced changes to its user agreement that added two clauses limiting class action lawsuits and requiring lawsuits to be filed in New York. The changes apply to disputes initiated after May 15.
On May 14, Coinbase disclosed a data breach.
Five lawsuits have been filed against Coinbase in response to the breach since then: all class action, none before May 15, two outside of New York.
Interestingly, the April update email also noted the addition of Appendix 6, which was a 2,250-word section titled “Dispute Resolution (Including Arbitration Agreement; Class Action Waiver; Jury Trial Waiver; Forum Selection Clause)”.
This Appendix has since been removed with no customer notification. It was in place as of April 28, and I can’t determine precisely when it was removed after that date.
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As we watch Trump dismantling cryptocurrency industry regulations and enforcement, it’s worth revisiting the extent to which he and his family personally profit from their cryptocurrency business interests, which they have been rapidly expanding.
The people now in charge of the Office of Personnel Management apparently don’t know how to scrub PDF metadata, and have exposed the original authors of the guidance they’re publishing. Two, Noah Peters and James Sherk, have links to the Heritage Foundation and Project 2025.
Noah Peters is the true author of the OPM Acting Director Charles Ezell’s January 27 memo providing guidance on the Schedule F executive order. Peters also authored the memo exploiting loopholes to bypass limits on political appointments.
As far as I can tell, Peters’ role has in the administration has not been officially announced. However, as far back as 2023, The Heritage Foundation’s Project 2025 was recommending him for a position in Trump’s second administration.
The world's richest man has joined a growing chorus of right-wing voices attacking Wikipedia as part of an intensifying campaign against free and open access information. Why do they hate it so much?
Recent tweets by @elonmusk, Libs of Tiktok, Mario Nawfal, and others have claimed that Wikipedia is spending “$50 million for DEI”, misrepresenting Wikipedia’s actual budget and financial statements to claim Wikipedia is now “Wokepedia”.
Then, Musk amplified an erroneous and months-outdated claim that Bill Clinton had been deleting information about his relationship with Jeffrey Epstein from Wikipedia.
While the cryptocurrency industry failed to convincingly prove a flood of single-issue crypto voters were waiting to hit the polls, they proved that they didn’t actually need people to care about crypto so long as billionaire industry executives had enough money to throw around.
Crypto-focused super PACs spent in 68 races across 35 states. $70.9 million went to support Republicans, and $48.3 million backed Democrats.
While some of the outcomes may have their spending to thank, much of this was a “back-the-winners” strategy.
This website provides a real-time lens into the cryptocurrency industry’s efforts to influence 2024 elections in the United States. followthecrypto.org
I have been working on this for the past two months, after growing more concerned about the influence this industry is trying to exert. Did you know crypto companies have spent more this cycle than the oil or pharmaceutical industries, despite being a fraction of the size?
There is more to come, including a bot that will post real-time updates about contributions or expenditures, which you can follow in advance at @follow__crypto. You can also learn more in my announcement post over at Citation Needed: citationneeded.news/follow-the-cry…