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Class-Action Lawsuit Alleges AST SpaceMobile Misrepresented Capital Needs and Competition
x/united-states-of-america
— 3d
Multiple securities class actions have been filed against AST SpaceMobile alleging false and misleading statements about its capital needs, debt load, liquidity, and competitive position, including claims tied to the EchoStar transaction; investors who purchased ASTS securities during the specified period may pursue recovery, with lead-plaintiff deadlines and no out-of-pocket costs to participate. The actions are being led by Rosen Law Firm, Levi & Korsinsky, and Robbins Geller as they seek to represent shareholders affected by the alleged fraud between March 4, 2025 and July 15, 2026.
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Digital Chamber Sues Illinois Over Crypto Tax
x/j-b-pritzker
— Jul 21, 2026
The Digital Chamber filed lawsuits to block Illinois’ Digital Asset Tax Act, the first state-level tax on digital-asset business activity set to take effect in January 2027, arguing the 0.2% levy unfairly singles out blockchain transactions and violates constitutional provisions. This legal push underscores ongoing regulatory scrutiny of crypto taxation and could influence market perceptions and future state policy across the industry.
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