Sentencing for ex-FTX execs set for October, November
Former FTX executives Nishad Singh and Gary Wang, who both testified at Sam Bankman-Fried’s criminal trial, are scheduled to be sentenced later this year. Go to Source
Regulation
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Messari Declares Independence From SEC — Calls Chair Gensler Incompetent and Corrupt
Crypto intelligence platform Messari has declared independence from the U.S. Securities and Exchange Commission (SEC). CEO Ryan Selkis calls SEC Chair Gary Gensler incompetent and corrupt. Messari plans to challenge the SEC’s legitimacy through legal, congressional, and media avenues, arguing that modern technologies render the agency’s functions redundant and that private market actors are better … Read more
US Republicans under Trump include crypto in official party platform
The party, which vowed to oppose a CBDC and defend Bitcoin mining, is scheduled to meet on July 15-18 and select a nominee for U.S. President. Go to Source
VanEck and 21Shares send amended Ether ETF filings to SEC
Some experts are still speculating that the final approval of spot Ether exchange-traded funds could allow listing and trading as early as July. Go to Source
Cynthia Lummis backs Ian Cain over crypto lawyer John Deaton for Senate
Pro-crypto Senator Cynthia Lummis cited Republican Ian Cain’s understanding of blockchain technology and the digital economy in his campaign to unseat Democrat Elizabeth Warren. Go to Source
Canadian Regulator Probe Determines That Liquitrade Operates an Illegal Crypto Exchange
The British Columbia Securities Commission (BCSC) said its investigation into Liquitrade’s crypto asset trading platform found that the company operated an illegal exchange. The probe also determined that users were trading contractual rights, not crypto assets, as the platform had claimed. Latoken Users Trading Derivatives, Not Crypto Assets On July 3, the British Columbia Securities … Read more
North Carolina Governor Vetoes Bill Banning State Use of Central Bank Digital Currencies
The governor of the U.S. state of North Carolina has vetoed House Bill 690, which seeks to ban state payments using central bank digital currencies (CBDCs) and the state’s participation in the Federal Reserve’s CBDC testing. The governor argued the bill was premature and emphasized the need for more funding for cybersecurity. House Bill 690 … Read more
Former US solicitor general claims regulators want to ‘debank’ crypto
Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve. Go to Source
UK crypto advocates call for consistent policy after Labour landslide
At least one industry leader suggested that crypto policy in the United Kingdom would be “business as usual” despite the change in government. Go to Source
Russia in the Process of Regulating the Use of Stablecoins for Cross-Border Settlements
Russia is considering adding the subject of stablecoins to an upcoming bill, allowing them to be used officially for completing cross-border payments. Alexey Guznov, Deputy Chairman of the Bank of Russia, declared that proposals have already been presented and the issue is now being discussed. The Ministry of Finance also confirmed that this is being … Read more