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Circle discloses $3.3B tied up at Silicon Valley Bank

Circle joined other customers and depositors in calling for the continuity of SVB in the US economy.

SEC disapproves VanEck spot BTC trust product, commissioners see double standard

SEC Commissioners Mark Uyeda and Hester Peirce have issued a joint statement highlighting discrepancies they see in the application of standards to applicants for ETPs.

Crypto funding shifts from CeFi to DeFi after major collapses: Finance Redefined

The majority of the DeFi tokens in the top 100 traded in the red on the weekly charts due to a downturn in the broader financial market.

Circle's exposure to U.S. banks could top $9B

Circle's reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank, and Bank of New York (BNY) Mellon.

South Dakota gov vetoes bill excluding crypto from definition of 'money'

The bill, criticized by many conservatives, proposed amending the state’s Uniform Commercial Code to specifically exclude digital assets — with the possible exception of CBDCs.

US senators write to banking regulators about potential crypto discrimination

The four Republican senators sense hints of the Obama administration’s Operation Choke Point that used regulation against disfavored industries.

Nigerian president-elect aims to use blockchain technology in the banking sector

The Nigerian president-elect wants to review existing SEC digital asset regulations to stimulate economic growth.

Judge mulls removing Shaq and Naomi Osaka from FTX lawsuits

The plaintiffs have until December to show cause as to why the two sports stars should not be dismissed from the lawsuit.

SEC of Thailand wants public feedback on crypto lending, staking ban

Thailand's securities regulator believes that crypto firms should not be allowed to deploy users’ deposits and provide lending services.

Rapper The Game's crypto startup gets registration revoked

The SEC said that ParagonCoin Limited violated securities laws for failing to file the required periodic reports.

US Trustee appeals NY Judge’s approval of Voyager deal with Binance.US

The United States Department of Justice filed an appeal against an approval made by N.Y. just days before to allow a billion-dollar sale of assets from Voyager Digital to Binance.US.

US Fed to create new crypto team amid concerns about unregulated stablecoins

The Fed’s Vice Chair for Supervision emphasized that they do not want to curb innovation, but ensure that regulations protect households and the financial system.

CBDCs could be 'easily weaponized' to spy on US citizens: Congressman

Congressman Tom Emmer made the anti-CBDC comments to an audience at the Cato Institute, a think tank in Washington.

Thailand’s $1B crypto sacrifice, Mt Gox final deadline, Tencent NFT app nixed: Asia Express

South Korea is throwing another $51 million at the metaverse, Mt. Gox saga is drawing to a close, Canaan BTC miner sales revenue plunges 60%.

Biden budget proposes 30% tax on crypto mining electricity usage

The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources.

Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO

According to Mike Belshe, the U.S. SEC’s reluctance to address a “basic” regulatory issue like the issuance of a BTC ETF could have paved the way for FTX's alleged illicit activities.

NY AG sues KuCoin for selling securities and commodities without registration

New York Attorney General Letitia James said the suit is the first time a regulator has claimed Ether is a security in court.

Crypto industry braces for impact with Silvergate exit

Silvergate may not pose a systematic risk for the U. S. banking system, but it could raise risks related to banking concentration and introduce new challenges for venture capital firms sources claim.

House Republicans directly criticize Biden administration for digital asset policies

"Because of actions taken by this Administration, the United States is at risk of pushing the digital asset ecosystem overseas,” said Republican Financial Services Committee members.

US REPO task force names crypto as target in efforts involving $58B in sanctioned assets

Members of the task force have worked to “counter Russian sanctions evasion”, which included illicit crypto transactions and money laundering schemes.

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