NYDFS calls for public feedback on proposed crypto regulatory guidance
The proposals included stricter standards on risk assessments for crypto firms as well as a framework for designating token projects to the NYDFS’ greenlist Go to Source
Regulation
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What happened in crypto this weekend?
Ethereum’s Holesky testnet launch fails, CoinEx writes open letter to hackers, Sam Bankman-Fried’s court drama, and more. Go to Source
Gemini legal team accuses DCG of ‘gaslighting’ Genesis creditors
Lawyers representing Gemini Trust filed a response in bankruptcy court to Digital Currency Group’s plan claiming to offer unsecured creditors a “70–90% recovery”. Go to Source
Celsius and Core Scientific propose $14M settlement for litigation
Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million. Go to Source
Former Celsius exec pleads guilty to criminal charges
Roni Cohen-Pavon, Celsius’ former chief revenue officer, has pleaded guilty to four criminal charges and will be free on bail until a Dec. 11 sentencing hearing. Go to Source
Elon Musk, Mark Zuckerberg and Sam Altman talk AI regs in Washington
The majority of the tech leaders in attendance agreed that AI needs to be regulated with Elon Musk calling the meeting a game changer for civilization. Go to Source
Weekend Wrap: SBF’s internet sucks, BlackRock denies Voyager buy and more
Need to get caught up with what happened in crypto over the weekend? Here’s the latest on crypto regulation, Bitcoin, blockchain, DeFi and Web3. Go to Source
CFTC commissioner calls for crypto regulatory pilot program
Commissioner Caroline Pham called for the pilot program to kick off with a stakeholder roundtable and for the CFTC to propose and adopt rules on the risks retail investors face. Go to Source
Former FTX exec will give up real estate, car, and $11M following guilty plea: Report
Ryan Salame will reportedly remain free on a $1-million bond until his sentencing hearing scheduled for March 2024. Go to Source
House committee will reopen discussions on digital dollar in Sept. 14 hearing
Following an August recess, members of the House Financial Services Committee will gather for a “Digital Dollar Dilemma” hearing on Sept. 14. Go to Source