Uniswap Decision

Uniswap Case: Why the Judgment Does Not Give DeFi Blanket Immunity

Crypto coverage is already treating the Uniswap dismissal as another big win for the sector. That reaction is understandable, but it overreads the judgment. On 2 March 2026, Judge Katherine Polk Failla dismissed the Second Amended Complaint with prejudice in the class action Risley v. Universal Navigation Inc. Yet the

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EFRI’s Shared Liability Framework Proposal for the PSR

Europe built fast, low-cost payment rails. Victims deceived into initiating payments are still left alone. Our paper, a contribution to the ongoing discussion, sets out a solution based on the experience we made during the past years: treat fraudulently induced payments as unauthorised, make reimbursement the default at the payer’s

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Fraud is Fraud

Tornado Cash: Storm Guilty, FinCEN Guidance Upheld

Late last night, a federal jury in New York delivered an interesting decision in the fight against crypto‑enabled money laundering. Roman Storm, co‑founder of the Ethereum mixer Tornado Cash, was found guilty of operating an unlicensed money‑transmitting business—a conviction of a decentralized mixer operator in the United States. While the

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The New ADR Reform: An Illusion of Consumer Protection

The European Commission’s recent ADR reform package —touted as a step forward—amounts to little more than regulatory window dressing. It tweaks reporting obligations, mandates faster response times, and modestly expands the scope of covered disputes. But it deliberately avoids the core issue: the absence of binding authority and enforceable obligations

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