IMF, FSB release joint policy recommendations for crypto assets
The policy paper includes recommendations for regulating activities related to stablecoins and decentralized finance (DeFi). Go to Source
Regulation
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Appellate judge denies Sam Bankman-Fried’s request for immediate release from jail
The motion from Sam Bankman-Fried’s lawyers will now go to a three-judge panel, with less than four weeks before the former FTX CEO’s criminal trial is set to begin in New York. Go to Source
Tornado Cash co-founder pleads not guilty to all charges: Report
Roman Storm, facing charges related to his role in helping create crypto mixer Tornado Cash, has been free on bail following his arrest by U.S. authorities in August. Go to Source
US Senate confirms Philip Jefferson as Federal Reserve vice chair
Philip Jefferson, who has been serving as a Fed governor since 2022, will take on the No. 2 role under chair Jerome Powell at the central bank until 2036. Go to Source
Alex Mashinsky’s assets frozen by US court as part of criminal case
The former Celsius CEO was arrested on July 13 and faces criminal and civil charges stemming from his involvement in the now-defunct platform. Go to Source
Former MAS chair who called crypto ‘highly risky’ wins Singapore’s presidential race
Tharman Shanmugaratnam has served as Singapore’s finance minister and the head of the country’s financial regulator during his time in government. Go to Source
Ripple legal team opposes SEC appeal over XRP decision
Lawyers argued the SEC’s grounds for an appeal was based on “dissatisfaction” with a July court decision that the XRP token did not largely qualify as a security. Go to Source
Kentucky regulator denies plan for subsidizing crypto mining facility
A proposed contact with the Kentucky Power Company would have allowed Ebon International to receive a discounted rate for service at its crypto mining facility over a decade. Go to Source
Former SEC chair says spot Bitcoin ETF approval is ‘inevitable’ despite delays
The commission has another 45 days to approve, deny, or delay spot Bitcoin exchange-traded fund applications from 7 major firms. Go to Source
Hurricane Idalia delays Ron DeSantis’ reported plans to accept crypto campaign donations
The storm hit Florida first in the continental U.S., which may have stopped Ron DeSantis from joining Vivek Ramaswamy in accepting crypto donations for his presidential campaign. Go to Source