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https://oanow.com/news/nation-world/crime-courts/article_e1d39f75-33a8-5e2a-beeb-40489437417d.html
**Madras High Court Confirms Cryptocurrencies Can Be Owned and Held in Trust**
In a landmark ruling that could reshape the future of cryptocurrency in India, the Madras High Court has declared that cryptocurrencies qualify as property under Indian law. Delivered by Justice N. Anand Venkatesh, the decision affirms that cryptocurrencies can be owned, held in trust, and protected as legal property — a major step in clarifying the legal status of digital assets in the country.
### Cryptocurrency in India Now Recognised as Property
The case originated from a petition by an investor whose 3,532.30 XRP coins were frozen following a cyberattack on WazirX, one of India’s largest cryptocurrency exchanges. In July 2024, WazirX suffered a $234 million hack involving Ethereum and ERC-20 tokens. Although the investor’s XRP holdings were not part of the stolen assets, WazirX sought to redistribute all users’ funds under its so-called “socialisation of losses” plan.
Justice Venkatesh firmly rejected this proposal, ruling that each investor’s digital holdings are individual property and cannot be diluted or redistributed to cover exchange losses. He emphasised that cryptocurrencies, while intangible, possess all the essential attributes of property: they are identifiable, transferable, and exclusively controlled through private keys.
> “It is not a tangible property nor is it a currency,” the judge observed. “However, it is a property, which is capable of being enjoyed and possessed in a beneficial form.”
This interpretation grants digital asset holders stronger legal standing, ensuring that their cryptocurrencies are recognised as assets protected under Indian law.
### Jurisdiction and Investor Protection
The Court also settled important questions regarding jurisdiction, dismissing WazirX’s argument that Singaporean arbitration rules applied due to its parent company, Zettai Pte Ltd, being based in Singapore.
Justice Venkatesh cited the Supreme Court’s earlier decision in *PASL Wind Solutions Pvt Ltd v. GE Power Conversion India Pvt Ltd* (2021), noting that Indian courts have authority over assets located within India. Because the investor’s transactions originated from Chennai and involved an Indian bank account, the Court confirmed the case fell squarely under Indian jurisdiction.
The Court further highlighted that Zanmai Labs Pvt Ltd, which operates WazirX in India, is registered with the Financial Intelligence Unit (FIU), unlike its foreign parent company or Binance. This distinction reinforces that Indian exchanges operating domestically are subject to Indian oversight and accountability—particularly in protecting user assets and maintaining transparent custodial practices.
### Strengthening Web3 Governance
Justice Venkatesh’s ruling went beyond individual relief, calling for higher standards of corporate governance within the Web3 and cryptocurrency sectors. He urged exchanges to:
– Maintain separate client funds
– Conduct independent audits
– Uphold robust KYC and anti-money laundering controls
The Court noted these measures are vital for building trust in the digital economy and protecting consumers from future mishandling of assets.
Legal experts have hailed the judgment as a milestone in developing “crypto-jurisprudence” in India. Vikram Subburaj, CEO of Indian exchange Giottus, described it as a foundational moment that signals to all market participants — exchanges, users, and regulators — that the digital asset space will be held to strong standards of governance and protection.
### A Foundation for India’s Crypto Future
The Court’s ruling not only protects the rights of individual investors but also strengthens the broader regulatory framework surrounding digital assets. By recognising cryptocurrency as property, the judgment fills a crucial legal gap in a country where tax enforcement on crypto remains strict, but investor protections have lagged.
As Justice Venkatesh wrote, courts now serve as the “central stage where the future of digital value is debated.” Through this ruling, the Madras High Court has provided India with a clearer understanding of ownership, responsibility, and trust in the age of decentralisation.
With cryptocurrency in India now firmly recognised as property under Indian law, this decision marks a turning point for the country’s digital asset ecosystem—affirming that crypto holdings are not merely speculative instruments but protected assets under the law.
https://coinjournal.net/news/cryptocurrency-is-as-property-under-indian-law-rules-madras-high-court/
The strike by about 3,200 machinists at Boeing plants in Mascoutah, Illinois, and the Missouri cities of St. Louis and St. Charles is smaller in scale than last year’s walkout by 33,000 Boeing workers who assemble commercial jetliners. However, it threatens to complicate the aerospace company’s progress in regaining its financial footing.
“Boeing claimed they listened to their employees; the result of today’s vote proves they have not,” Brian Bryant, president of the International Association of Machinists and Aerospace Workers, said in a statement.
Boeing responded by expressing disappointment over the vote’s outcome, noting that the result was close. The company stated it was increasingly hearing from workers “who want to cross the picket line” and “understand the value of our offer.”
“The union’s statement is misleading since the vote failed by the slimmest of margins, 51% to 49%,” the company’s statement read. “We are turning our focus to executing the next phase of our contingency plan in support of our customers.”
In contrast, the machinists’ union acknowledged the vote was close but emphasized in a message to members that “very few” workers have crossed the picket line. “Our solidarity remains strong, and the company’s claim otherwise is wrong,” the union said.
Union leaders report that talks have stalled over key issues such as wages and retirement benefits. Boeing has argued that workers’ demands exceed the cost of living adjustments appropriate for the Midwest.
Ahead of Sunday’s vote, the union advised members not to approve the company’s latest offer, citing a lack of “meaningful improvements” to retirement benefits and wage increases for more senior workers.
Negotiations escalated over the summer in the days leading up to the strike. Workers rejected an earlier proposed agreement that included a 20% wage hike over the life of the five-year contract.
Boeing quickly countered with a modified agreement that did not increase pay raises but removed a scheduling provision affecting workers’ ability to earn overtime pay. Workers rejected that offer as well and commenced the strike the following morning. They also voted against revised terms in September.
The company has stated it was prepared for a strike, with a contingency plan in place “to ensure our non-striking workforce can continue supporting our customers.”
https://fortune.com/2025/10/26/boeing-defense-workers-strike-military-aircraft-weapons-contract-vote/
The Washington Capitals have started their defense of the Metropolitan Division title with a 6-3-0 record in the 2025-26 NHL season. However, an NHL investigation concluded on Sunday has resulted in significant changes to Spencer Carbery’s coaching staff.
The Capitals have fired assistant coach Mitch Love following an NHL investigation into domestic abuse accusations. According to Frank Seravalli, “Sources say NHL has suspended [Capitals] assistant coach Mitch Love for the entirety of the 2025-26 season following an investigation into alleged domestic abuse. The victim reported allegations directly to the NHL and teams Love interviewed with over the summer for head coach vacancies.”
In response to the findings, the Capitals released a statement via their official public relations social media account: “Mitch Love has been relieved of his duties as an assistant coach, effective immediately. This decision follows the findings of an NHL-led investigation into past allegations. The organization is committed to maintaining the highest standards of conduct and accountability.”
Mitch Love joined the Capitals coaching staff in the 2023-24 season when Spencer Carbery took over as head coach. Prior to his tenure in Washington, Love spent time as head coach of the Stockton Heat and Calgary Wranglers, both American Hockey League (AHL) teams.
Seravalli also noted that Love had been considered for NHL head coaching positions last summer, but these allegations affected his opportunities. The Capitals placed Love on leave on September 14, when the investigation began. While specific details of the allegations have not been disclosed, both the NHL and the team deemed the findings serious enough to warrant his suspension and termination.
Love will be eligible to seek new employment in the NHL after the 2025-26 season. However, this investigation has already impacted his career prospects and will likely continue to affect any future job opportunities.
The Washington Capitals are set to return to action on Tuesday with a road game against the Dallas Stars.
https://clutchpoints.com/nhl/washington-capitals/capitals-news-assistant-coach-fired-domestic-abuse-investigation
This week on *Face the Nation with Margaret Brennan*, as President Trump and Treasury Secretary Scott Bessent embark on their trip to Asia, Bessent joins the program to discuss several pressing issues.
Topics include the ongoing Chinese tariffs, the TikTok deal, and concerns surrounding the government shutdown at home.
In addition, House Minority Leader Hakeem Jeffries also appears to share his insights on the government shutdown and its implications.
https://www.cbsnews.com/video/102625-face-the-nation/
WASHINGTON — Kamala Harris isn’t ruling out another run for the White House.
In an interview with the BBC posted Saturday, Harris said she expects a woman will be president in the coming years, and it could “possibly” be her. “I am not done,” she said.
The former vice president revealed that she hasn’t decided whether to mount a 2028 presidential campaign but dismissed the suggestion that she’d face long odds.
“I have lived my entire career a life of service and it’s in my bones. And there are many ways to serve,” she said. “I’ve never listened to polls.”
Harris has recently given a series of interviews following the September release of her book, *107 Days*. The book looks back on her experience replacing then-President Joe Biden as the 2024 Democratic presidential nominee after he dropped out of the race. She ultimately lost to Republican President Donald Trump.
In an interview with The Associated Press last week, Harris, 61, also made clear that running again in 2028 is still on the table. She said she sees herself as a leader of the party, including in pushing back against Trump and preparing for the 2026 midterms.
Asked in an Oct. 17 interview with AP whether she had plans for a 2028 bid, Harris said, “I haven’t decided. Sincerely. I have not decided. I may or I may not. I have not decided.”
When asked specifically whether she still wanted to do the job itself, she used the past tense, saying, “It’s a job I wanted to do.” However, she noted that the only way to achieve it is “to run” and win.
Meanwhile, political jockeying among Democrats for the 2028 presidential contest appears to be playing out even earlier than usual. Several potential candidates are already taking steps to get to know voters in key states, including California Gov. Gavin Newsom, term-limited Kentucky Gov. Andy Beshear, and California Rep. Ro Khanna.
Upward of 30 high-profile Democrats could ultimately enter the primary.
https://abc7news.com/post/former-vice-president-kamala-harris-leaves-door-open-2028-presidential-run-according-new-bbc-interview/18074008/
Treasury Secretary Scott Bessent said Sunday that the U.S. and China will likely avoid 100 percent American tariffs on Chinese goods after negotiators settled on a plan for a possible trade agreement.
Bessent told NBC News’ Kristen Welker that “after two days of negotiations” with Chinese International Trade Representative Li Chenggang in Malaysia, a “framework” has been established to move forward. This development suggests progress in easing trade tensions between the two nations.
The proposed framework aims to reduce the likelihood of full tariffs being imposed, which could have significant impacts on both economies. Further details are expected as discussions continue.
https://thehill.com/policy/international/5573659-us-china-trade-agreement-bessent/
Marjorie Taylor Greene, the firebrand Georgia Republican, has been breaking ranks with President Donald Trump and the GOP leadership in Congress on an increasingly long list of issues.
She wants Congress to end the government shutdown by agreeing to extend the Affordable Care Act tax credits.
Additionally, Greene has demanded the release of the Jeffrey Epstein files and called for a pathway to citizenship for immigrants.
She has also blasted the White House’s funding of wars in Ukraine and Israel.
Most recently, she torched the…
https://www.bloomberg.com/opinion/articles/2025-10-26/marjorie-taylor-greene-s-trump-pivot-explained
Trump was then seen talking to spectators and waving both Malaysian and U.S. flags before taking off in his limousine, The Beast, with Anwar.
He is now headed to the Kuala Lumpur Convention Center, where a peace signing ceremony will take place to formally end the conflict between Thailand and Cambodia that erupted over the summer.
Earlier, Trump had announced that he would be signing the peace deal “immediately” upon landing in Kuala Lumpur.
In a notable moment during the trip, the Emir of Qatar joined Trump on Air Force One as they traveled to Asia.
https://www.washingtonexaminer.com/news/white-house/3864308/trump-lands-in-malaysia-first-stop-asia-trip/
The base commander announced on Saturday an expansion of the previous evacuation order.
This updated directive now includes “non-mission-essential U.S. citizens.”
Officials urge all affected personnel to comply promptly with the new instructions.
https://www.nytimes.com/2025/10/25/us/politics/guantanamo-bay-hurricane-melissa-evacuations.html
