Federal judge gives Genesis 5 days to comply with Terraform Labs subpoena
The order was unclear as to the nature of the documents under subpoena, but stated Genesis had failed to provide the information by Oct. 9. Go to Source
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SEC chair Gary Gensler warns impending AI-wrought financial crisis ‘nearly unavoidable’
Gensler reportedly fears big tech’s stranglehold on AI technologies homogenizing the financial market. Go to Source
Canon’s new technology competes with ASML in chip manufacturing
The new system, FPA-1200NZ2C, can produce semiconductors matching a 5nm process and scale down to 2nm, surpassing the capabilities of the A17 Pro chip found in Apple’s iPhone 15 Pro and Pro Max. Go to Source
US authorities monitor China-linked Bitcoin miners amid national security concerns: Report
A crypto mining operation near a Microsoft facility that supported the Pentagon was reportedly under scrutiny by U.S. officials. Go to Source
House committee chairman threatens SEC chair with subpoena, but not over crypto
U.S. House Oversight and Accountability Committee chair James Comer thinks Genlser is stonewalling him. Crypto supporters know the feeling. Go to Source
CFTC announces lawsuit against Voyager Digital and former CEO
The legal action followed reports staff at the commission had completed an investigation concluding Stephen Ehrlich violated U.S. derivatives regulations. Go to Source
US lawmakers urge IRS to implement crypto tax reporting requirements before 2026
The crypto tax reporting requirements proposed by the IRS in August are currently scheduled to go into effect in 2026 — according to 7 senators, that isn’t soon enough. Go to Source
Crypto advocates weigh on race for next US House Speaker
Lawmakers are scheduled to return to the House of Representatives on Oct. 11 to vote on a replacement for Speaker Kevin McCarthy, whose position has been vacant for a week. Go to Source
Ripple’s chief financial officer steps down amid SEC lawsuit
The SEC filed a lawsuit against Ripple in December 2020 for using XRP to raise funds, which the commission claimed was a violation of securities laws. Go to Source
Crypto investment products see largest inflows since July: CoinShares
Cryptocurrency investment products saw inflows for the second consecutive week, totaling $78 million, according to CoinShares. Go to Source