The UK government recently dropped all charges against Binance executive Tigran Gambaryan after more than seven months of detention. The decision was made due to Gambaryan's non-senior role at Binance and his deteriorating health. In a separate case, Ripple Labs filed an appeal challenging a ruling by the UK Financial Conduct Authority. The appeal seeks a review of the court's application of the Howey test. Additionally, FTX reached a £228 million settlement with Bybit in a lawsuit to recover funds for former customers. The UK Tax Authority recommended taxing unrealized gains and losses on crypto assets held by UK investors starting in 2026. The proposed bill aims to simplify taxation by treating investors' portfolios as a single inventory. These legal developments highlight the evolving regulatory landscape in the cryptocurrency industry. Read more AI-generated news on: https://app.chaingpt.org/news

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