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Candidate Harris Unlikely to Make Full-Throated Crypto Policy Before Election: Source

[Sep 24, 2024 3:23 AM] The presidential campaign for Vice President Kamala Harris made crypto waves with a brief comment about the sector over the weekend, but the industry shouldn't expect much more in the final weeks before the U.S. elections, insiders suggest.

Mango Markets Mulls CFTC Settlement Over Crypto Trading Violations

[Sep 23, 2024 8:55 PM] Decentralized crypto exchange Mango Markets has already weathered a debilitating multimillion-dollar hack and the expensive regulatory investigations it spawned. The group may soon take another blow: a six-figure settlement with the Commodity…

Sygnum Unit Receives Liechtenstein License as a Crypto Asset Service Provider

[Sep 23, 2024 1:05 PM] The registration paves the way for the Switzerland and Singapore-based banking group to expand into the European Union and European Economic Area.

Canada Moves Away From Retail CBDC, Shifts Focus to Broader Payments

[Sep 23, 2024 7:29 AM] Canada is shifting its focus away from a retail central bank digital currency after years of research, its central bank announced last week.

Prediction Markets Go to Washington('s Appeals Court)

[Sep 20, 2024 4:00 PM] The CFTC is working to ban political prediction markets. Its current goal: Get a federal appeals court to keep one from launching while it argues a judge was mistaken in overturning its rejection of Kalshi.

Consensys Suit Against U.S. SEC Dismissed by Texas Court

[Sep 20, 2024 3:48 PM] The U.S. Securities and Exchange Commission had – for a time – added Consensys to a list of crypto investigation targets, prompting the technology incubator company to sue it for overreach in federal court. Because the regulator then shut down that…

U.S. Election Betting: CFTC, Kalshi Both Grilled by Judges in Appeals Court

[Sep 19, 2024 10:06 PM] A panel of judges grilled attorneys for the U.S. Commodity Futures Trading Commission and prediction-betting platform Kalshi over the company's efforts to launch political prediction markets in the U.S., without indicating whether they'd allow…

Inside OKX's Strategic Shifts to Its Regulatory Approach, Formula 1 Branding and App Design

[Sep 19, 2024 1:11 PM] OKX has rethought the strategy in three major areas; the look and tech aspects of its application, its approach toward regulation and expansion, and its brand strategy as the primary partner of McLaren Formula 1 Team, OKX CMO Haider Rafique told…

DeFi Lending Platform Rari Capital Settles SEC Charges

[Sep 18, 2024 7:49 PM] The U.S. Securities and Exchange Commission settled charges with decentralized finance lending platform Rari Capital and its co-founders.

SEC’s Crypto Record Rebuked by Ex-Commissioner, GOP Lawmakers in Hearing

[Sep 18, 2024 5:02 PM] The U.S. Securities and Exchange Commission was hammered for two hours in a congressional hearing on Wednesday in which the witness list predominantly included agency critics, including former Commissioner Daniel Gallagher, who is now at Robinhood.

Australia to Prioritize Wholesale CBDC Over Retail

[Sep 18, 2024 10:06 AM] The Reserve Bank of Australia made a strategic commitment to prioritize work on a wholesale CBDC.

Pudgy Penguins CEO unfazed by SEC actions against the NFT sector

[Sep 18, 2024 7:51 AM] While the SEC focuses on investor protection, Pudgy Penguins CEO Luca Schnetzler believes that investors should also hold some form of accountability for their purchases. 

Animoca's Timeline to Go Public Would Depend on The Market's Status: Yat Siu

[Sep 18, 2024 3:26 AM] Animoca Brands is hoping to go public soon but the final decision on the timeline is dependent on a key component, the "market’s status, amongst other" aspects, the Web3 giant’s chairman Yat Siu told CoinDesk in Singapore on Monday.

Decentralized AI Society Launched to Fight Tech Giants Who 'Own the Regulators'

[Sep 18, 2024 12:00 AM] Web3 industry leaders have launched a non-profit organization called the Decentralized AI Society (DAIS), dedicated to tackling the probability of the monopolisation of the Artificial Intelligence (AI) industry, the chair of DAIS, Michael Casey…

SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams

[Sep 17, 2024 7:30 PM] The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled investment scam in which fraudsters befriend victims over…

FTX’s Accounting Firm Prager Metis to Pay SEC $1.95M to Settle Negligence Allegations

[Sep 17, 2024 6:26 PM] International accounting firm Prager Metis has agreed to pay $745,000 to settle misconduct allegations from the U.S. Securities and Exchange Commission (SEC) tied to its bungled audit of FTX before its collapse in November 2022.

U.S. Treasury Sanctions Cambodian Tycoon With Ties to Pig Butchering Scams

[Sep 17, 2024 4:57 PM] One of Cambodia’s wealthiest businessmen has been hit with U.S. sanctions for allegedly playing a role in serious human rights abuses – including human trafficking and torture – tied to a pig butchering scam operation headquartered in the Southeastâ

U.S. Republican Lawmakers Say Crypto Legislation Not Yet Off the Table for This Year

[Sep 17, 2024 4:40 PM] Two of the leading U.S. lawmakers seeking crypto oversight legislation, Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.), are maintaining their position that a chance remains for a bill to clear Congress before the year is out.

U.S. CFTC Chair Behnam Says Regulator Will Keep Pursuing Kalshi Case

[Sep 17, 2024 3:39 PM] After the U.S. Commodity Futures Trading Commission's court defeat last week in the agency's pursuit of Kalshi's election contracts, the regulator's chairman, Rostin Behnam, said it will still keep pursuing the case against what it continues to…

OMFIF Survey Respondents Believe Substantial Level of Tokenization is Still Three Years Away

[Sep 17, 2024 1:00 PM] The Official Monetary and Financial Institutions Forum's digital assets report said that 92% of its respondents believe that financial markets will experience tokenization at some point.

AI scientists urge ‘contingency plan’ in case humans lose control of AI 

[Sep 17, 2024 3:42 AM] In an open letter, scientists shared worry that the loss of human control or malicious use of AI systems could lead to catastrophic outcomes for all of humanity. 

CZ Set to Be Released From Prison on September 29

[Sep 16, 2024 6:55 PM] The Binance founder is currently living in a halfway house in San Pedro, California.

More than 40 Firms Join Central Bank Group to Explore Tokenization for Cross-Border Payments

[Sep 16, 2024 4:00 PM] More than 40 financial firms will join central bank group the Bank for International Settlements to explore how tokenization can enhance wholesale cross-border payments in Project Agorá, the BIS said on Monday.

Sen. Elizabeth Warren's Pro-Crypto Opponent, John Deaton, Has a Plan to Beat Her

[Sep 16, 2024 1:00 PM] Defeating U.S. Sen. Elizabeth Warren (D-Mass.), a national hero in progressive circles, seems a stretch for a relatively little-known Republican in the liberal bastion of Massachusetts. But candidate John Deaton, known among crypto fans for his…

SEC Places Heavier Scrutiny on Binance's Token Listing, Trading Process in Proposed Amended Complaint

[Sep 16, 2024 11:00 AM] The SEC filed its proposed amended complaint against Binance on Thursday with a greater emphasis on the exchange's token listing process.

SEC Regrets Confusion Over ‘Crypto Asset Securities’ — Ripple and Coinbase Weigh In

[Sep 16, 2024 1:30 AM] Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC’s…

Even Temporarily Blocking Election Contracts Risks 'Irreparable' Harm, Kalshi Argues

[Sep 13, 2024 11:10 PM] Prediction market company Kalshi pushed back against the Commodity Futures Trading Commission's move to block its new election contracts, saying they would harm the company.

English High Court Rules Tether's USDT Stablecoin Counts as Property

[Sep 13, 2024 11:47 AM] USDT attracts property rights as it can be the subject of tracing and can constitute trust property in the same way as other property, a judge in England declared.

Kraken Seeks Jury Trial in SEC Lawsuit, Presents Defense Arguments

[Sep 13, 2024 6:39 AM] Crypto exchange Kraken has demanded a jury trial in the case brought against it by the U.S. Securities and Exchange Commission (SEC), a court filing Thursday showed.

Kalshi's New Political Prediction Markets Halted as CFTC Appeals Loss

[Sep 13, 2024 4:14 AM] The U.S. Commodity Futures Trading Commission appealed its loss against prediction markets platform Kalshi to the D.C. Appeals Court late Thursday.