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The legal team defending Sam Bankman-Fried (SBF) against criminal charges has requested a federal judge allow the former FTX CEO to have access to antidepressants while in jail.In an Aug. 14 court filing, Bankman-Fried’s lawyers provided Judge Lewis Kaplan a proposed order which, if approved, would allow the 31-year-old to
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The United States Pentagon has launched a new task force to look into how generative artificial intelligence can be used for the nation’s defense.On Aug. 10, the Pentagon announced the formation of “Task Force Lima” which would look into integrating AI across the U.S. defense apparatus so it can “design, deploy,
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Bankman-Fried faces seven different charges, including securities and wire fraud allegations, for a trial currently scheduled to kick off in October. Another trial, set for March, will see the DOJ try Bankman-Fried again on another five charges, including conspiracy to commit bank fraud. Source
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"In his ruling, U.S. District Judge Jed Rakoff of the Southern District of New York rejected Judge Torres’ distinction between institutional sales and sales to retail investors on crypto exchanges, which he characterized as a misinterpretation of the Howey test used to determine if an asset is a security,” analysts
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Stablecoins, such as USDC, could face a complex situation if a new national defense bill approved by the US Senate becomes law. The 2024 National Defense Authorization Act could introduce new KYC and anti-money laundering requirements
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Circle’s USD Coin (USDC) and other stablecoins could potentially face a compliance nightmare if a new national defense bill that passed in the United States Senate makes it all the way.In a July 31 investment note seen by Cointelegraph, Berenberg analyst Mark Palmer explained that a recent amendment to the
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The United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion on July 27. The bill includes a provision targeting crypto mixers, anonymity-enhancing coins and institutions engaging in crypto trading.The NDAA is a bill that helps authorize how the country’s defense department can utilize federal funding.
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Terraform Labs is seeking permission from a judge to subpoena data from bankrupt crypto exchange FTX, claiming the information could help its defense against a lawsuit brought by the United States Securities and Exchange Commission in February, a court filing shows. In a search for evidence that could back its defense
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Asserting powers over the $1 trillion crypto industry is of major significance, just like canceling student debt, the exchange’s lawyers argue. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to a recent court order issued on Thursday, June 29, the United States Securities and Exchange Commission (SEC) is scheduled to deliver its response to Coinbase’s initial legal defense on July 13. The SEC has also
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