The crypto industry is gearing up for an event-packed few months. From the resolution of the New York Attorney General’s injunction against Bitfinex and Tether to the final decisions of the long-awaited cryptocurrency ETFs, here’s a list of some of the most relevant dates in the crypto industry to keep an eye on.
Aug. 22: New York Attorney General’s injunction against Bitfinex to expire
The ongoing case between iFinex, the parent company of both Bitfinex and Tether, and the New York Attorney General (NYAG) is about to see a major milestone. Earlier in July, the judge delayed the date to decide whether to dismiss the case or to continue with the trial proceedings. After iFinex filed a motion for the dismissal of the case, Judge Joel M. Cohen stated that he will be extending the injunction until Aug. 22.
While a potentially unlawful loan Bitfinex took from its sister company Tether might not seem like a major milestone for the crypto industry, the court’s decision has the potential to sway the crypto market. Namely, if the judge decides to dismiss iFinex’s motion, the decision will ultimately go in favor of the New York Attorney General.
This won’t be the end of the case, but it will give NYAG better odds of proving that Bitfinex mixed corporate funds to cover losses and served customers in New York despite an explicit ban. However, if the judge decides to accept the motion, it will allow both Bitfinex and Tether to continue their operations and recover some of the losses they suffered during the proceedings.
Sept. 23: Bakkt will officially launch