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Law Decoded, Sept. 5–12: The pressure is growing in the US

Last week regulators worried about the "de-integration" of financial sector and global energy consumption — all because of crypto.

Stone Ridge board approved plan for 'liquidation and dissolution' of its Bitcoin fund

“Effective after the close of business on October 3, 2022, the Fund’s shares will generally no longer be available for purchase," said a Stone Ridge filing with the SEC.

Chamber of Digital Commerce says 'the time has come' for the SEC to approve a Bitcoin ETF

“As the SEC continues to stonewall, the United States continues to fall further behind other countries as capital that would have been invested in the United States," said the CDC.

Huobi to delist Monero and other privacy coins, citing regulatory pressures

The exchange cited its own token management policy and compliance efforts as primary reasons for delisting seven privacy coins.

Indian authorities unfreeze millions in locked WazirX bank accounts

The Indian crypto exchange was under investigation by local authorities for money laundering allegations which caused a freeze on over $8.1 million in bank account funds.

Algorand Foundation outlines $35M exposure to crypto lender Hodlnaut

The Foundation stated that it is “pursuing all legal remedies to maximize asset recovery.”

SEC to address growing crypto issuer filings with specialized offices

The upcoming Office of Crypto Assets will review crypto filings, allowing DRP to refocus on filing review issues related to crypto assets.

Binance removes 3 stablecoins, Russia eyes cross-border crypto payments and UK exudes crypto positivity: Hodler’s Digest, Sept. 4-10

Dubai grants regulatory approval for Blockchain.com office: Report

The Virtual Assets Regulatory Authority of Dubai has previously given approval for Crypto.com, OKX and FTX subsidiaries to offer crypto-related services in the emirate.

'We’re not giving crypto a pass' on enforcement action, says SEC's Gurbir Grewal

The SEC enforcement director said the commission "will continue to bring actions regardless of what label is used or technology is involved," including cryptocurrencies.

US lawmakers call on Mark Zuckerberg to address 'breeding ground' for crypto scams: Report

A Federal Trade Commission report from June identified Facebook, Instagram and WhatsApp among the top platforms for crypto fraud originating on social media.

Huobi wins license in the British Virgin Islands, no timeline for the UK yet

Huobi positions its subsidiary Brtuomi Worldwide as one of the first exchanges to provide compliant crypto derivatives and trading services in the British Overseas Territory.

UK economic secretary commits to make country a crypto hub under new PM

“We want to become the country of choice for those looking to create, innovate and build in the crypto space," said MP Richard Fuller.

White House science office looks at crypto’s effect on climate, despite scarce data

The White House Office of Science and Technology Policy reaches mixed conclusions about crypto and the climate, against a background of rapid technological change.

Republican lawmakers call for answers on digital dollar from Fed vice chair

The House members asked for clarification on whether the Fed may be considering an “intermediated model” for a digital dollar that could require authorization from Congress.

Crypto investors backed by Coinbase sue U.S. Department of Treasury after Tornado Cash sanctions

Coinbase says that the Treasury overstepped its authority in issuing the Tornado Cash sanctions.

SEC chair suggests openness to crypto bills that don't 'inadvertently undermine securities laws'

“I look forward to working with crypto projects and intermediaries looking to come into compliance with the laws,” said Gary Gensler.

Cato Institute CEO says his daughter married the 'Bitcoin Sign Guy' from 2017 hearing

Jerome Powell said that he also had “close family members” who argued that crypto was still in the development phase, suggesting Bitcoin proponents may be close to home.

Insiders’ guide to real-life crypto OGs: Part 1

Sen. Lummis: My legislation would empower the SEC to protect consumers

Lummis-Gillibrand would allow the SEC to figure out which cryptocurrencies fall under its regulatory purview, leaving the rest to the CFTC.

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