BitMEX expects ‘no further fines’ for ‘old’ AML violation in US
BitMEX addresses the DOJ’s BSA charge as a past issue, highlighting their compliance improvements and founders’ prior penalties. Go to Source
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CFTC Chair reiterates BTC and ETH are commodities in testimony
Head of the US commodities regulator, Rostin Behnam, has again argued his agency should be given regulatory oversight of Bitcoin and Ethereum to better protect investors. Go to Source
BitMEX pleads guilty to Bank Secrecy Act violation
BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed pleaded guilty to similar criminal charges in 2022 and received probation. Go to Source
Chamber of Progress says Biden can ‘still win’ on crypto against Trump
According to the advocacy group, the US President still has an opportunity to counter Donald Trump’s “change of heart on cryptocurrency” by supporting regulation. Go to Source
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
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
Big Tech faces financial reckoning if human-level AI doesn’t happen soon
Sequoia Capital says the industry needs to make up about $600 billion in profit before the current expenditure starts to make sense. Go to Source
NYT AI lawsuit gets weird as OpenAI demands sources for every article
It’s unclear whether the judge in the case is considering the request, but the New York Times had a strong response to the request. Go to Source