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Coinbase political initiative features US lawmaker who admitted to ethics violations

Rep. David Schweikert, featured as a lawmaker “very supportive” of crypto in the United States, paid $175,000 as part of a settlement related to violations of House ethics rules.

Big Questions: Did the NSA create Bitcoin?

Is Bitcoin the biggest intel honeypot in history? A former NSA agent says “they absolutely have the capability” but others ridicule the idea.

China’s new AI regulations begin to take effect

The Chinese has government loosened its original guidelines for AI it released in April and scheduled them to take effect starting on Aug. 15.

SEC delays set deadline for Bitcoin ETF approval to early 2024

With a maximum 240-day window available to the SEC to delay crypto ETF applications, some firms could wait until March 2024 to hear decisions on filings made in July 2023.

Mining service provider faces $100M lawsuit over pyramid scheme allegations in China

Prosecutors alleged that the executives of a Filecoin mining project orchestrated an elaborate pyramid scheme and scammed the participants.

Singapore central bank says three business days is ‘timely transfer’ for stablecoins

Redemptions of MAS-regulated single-currency stablecoins will have a longer grace period which is five business days despite some arguing that it should be done in real-time.

Singapore central bank releases regulatory framework for stablecoins

The framework outlines requirements for stablecoin issuers to meet to be deemed as regulated by the Monetary Authority of Singapore.

Binance seeks protective order against SEC’s ‘fishing expedition’

The exchange claims the SEC's deposition and discovery requests are outside the scope of the regulators lawsuit it filed against Binance.

Ex-FTX exec Salame won’t testify in alleged illegal campaign donation case

Ryan Salame plans to plead the Fifth if he is asked to testify at Sam Bankman-Fried's criminal trial, according to United States prosecutors.

Crypto highlighted as 'novel and complex' risk to US banks: FDIC report

The FDIC warns that uncertainty around crypto's legal status, the likelihood of fraud and contagion present key risks to United States banks.

Latest superseding indictment against Sam Bankman-Fried includes campaign finance allegations

Sam Bankman-Fried allegedly used more than $100 million “in campaign contributions to Democrats and Republicans to seek to influence cryptocurrency regulation”.

SBF jailed, FTX partners under attack: Law Decoded

Sam Bankman-Fried, the former CEO of the failed FTX crypto exchange, will be held in jail through the end of his two upcoming trials.

Sam Bankman-Fried will 'return to his depression' without access to medication, say defense lawyers

According to Sam Bankman-Fried's legal team, he was "only able to bring a small supply” of ADHD medication and antidepressants to jail following the judge revoking his bail.

Crypto adoption crosses party lines amid Washington’s political deadlock

Support for crypto among United States politicians and voters appears to be crossing party lines with bipartisanship agreements.

FedNow showcases DLT-powered payments system as service provider

The Federal Reserve wrote that it does not support or endorse any showcase providers featured on its website.

13% of applications approved: British regulator discloses crypto registration stats

Since January 2020, almost three hundred crypto companies have applied for registration with the Financial Conduct Authority, 38 of which were approved.

Pro-Bitcoin Javier Milei wins most votes in Argentina primary election

Argentine presidential hopeful Javier Milei — a pro-Bitcoin, anti-central bank libertarian — has won a majority of the votes in a primary election.

This scenario could spark Gary Gensler’s resignation: Former SEC official

John Reed Stark believes SEC chair Gary Gensler could throw in the towel, depending on a possible scenario to play out in 2024.

Coinbase gains legal support as scholars file amicus brief

In their filing, the legal practitioners advocated for the Court to steadfastly adhere to the established definition of the term 'investment contract' when interpreting its scope.

Using courts for every crypto issue will squash innovation: Grayscale CEO

Grayscale CEO Michael Sonnenshein emphasized the need for a balanced regulatory approach to cryptocurrency to avoid hindering innovation in the United States.

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