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
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Genesis announces winding down of crypto trading services
In January, Genesis Global Capital announced it would eliminate its crypto spot trading services “voluntarily and for business reasons” without additional details. Go to Source
House Financial Services Comm. witnesses air multiple anti-CBDC arguments
The digital assets subcommittee heard from five opponents of a U.S. CBDC without giving supporters equal (or any) time. Go to Source
Bitwave acquires crypto accounting platform Gilded
Bitwave announced the acquisition of Gilded to enhance accounting and enterprise solutions amid improving accounting and tax clarity in the United States. Go to Source
Wyoming stablecoin: Are state digital currencies even possible?
The Stable Token Commission continues researching the potential implementation of stable tokens in Wyoming. Go to Source
US ‘the only country’ crypto startups should avoid, says Ripple CEO
Brad Garlinghouse said Singapore, the U.K., the UAE and Switzerland are jurisdictions with “smart” crypto policies he thinks the U.S. should adopt. Go to Source
Gary Gensler confirms SEC’s use of AI for financial surveillance
The chair’s comments came in response to a query from Sen. Catherine Cortez Masto during a Senate oversight hearing. Go to Source
Binance.US calls SEC’s court requests ‘unreasonable’ in new filing
Binance said the SEC’s requests are “unduly burdensome” soon after the parties agreed on a joint motion to file confidential information under seal. Go to Source
CFTC Commissioner plans to modernize investor protection with technology
To minimize the damages caused by financial fraud, Romero proposed the formation of the National Financial Fraud Registry — a centralized record of all crimes and fines related to financial fraud. Go to Source
Google launches Digital Futures Project with $20M in grants to support ‘responsible AI’
The launch comes ahead of a series of AI forums to be hosted by U.S. Senate majority leader Chuck Schumer. Go to Source