Utah DAO Act: How the law was made and what it means for decentralized business
How the Utah DAO Act went from an idea to a piece of legislation — and the challenges along the way. Go to Source Powered by WPeMatico
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EU data watchdog warns of ‘hell on Earth’ scenario for US AI companies
Europe’s Data Protection Supervisor predicts trouble abroad and at home for U.S. AI companies that run afoul of GDPR. Go to Source Powered by WPeMatico
5 charged by DOJ over alleged crypto price manipulation scheme
Five people have been charged in relation to alleged market manipulation of an Ethereum-based token called “Hydro.” Go to Source Powered by WPeMatico
Judge approves taps on SBF’s parents’ phones to meet bail conditions
Surveillance software installed on Sam Bankman-Fried’s parents’ phones will track every minute of their activity across browsers, messaging and calls. Go to Source Powered by WPeMatico
Draft bill suggests separating legislation on payment stablecoins and digital asset markets
The draft bill no longer included aspects of an earlier version that included legislation of custodial service providers and algorithmic stablecoins, as well as a CBDC study. Go to Source Powered by WPeMatico
Gemini to launch derivatives platform outside the United States
The platform’s first derivatives contract will be a BTC perpetual contract denominated in Gemini dollars (GUSD), followed by an ETH/GUSD perpetual contract. Go to Source Powered by WPeMatico
Do Kwon lawyers reportedly dismiss SEC’s securities fraud allegation
Kwon’s lawyers claimed that the SEC failed to prove the alleged defrauding of US investors in connection with Terra’s $40 billion collapse of TerraUSD (UST) and Luna (LUNA). Go to Source Powered by WPeMatico
Lack of regulatory clarity on payment solutions could undermine US sanctions, says expert
Anja Manuel said U.S. sanctions generally work with “responsible” blockchain firms but not when there are fintech solutions available to individuals looking to circumvent them. Go to Source Powered by WPeMatico
Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says
Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The founder of the world’s largest hedge fund also said that Western sanctions on Russia have highlighted new risks of keeping dollar assets. ‘Dollar Is Debt,’ … Read more
Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide
In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency practitioners and other common law jurisdictions. Hong Kong Judge Designates Crypto … Read more