New U.S. Senate Bill Wants to Regulate DeFi Like Banks
A new bill from Sen. Jack Reed would impose strict requirements on DeFi protocols under the guise of national security. Source
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U.S
Nasdaq Halts Plan for Crypto Custody Service Due to U.S. Regulatory Conditions
The stock market operator had said in March, that it was putting together infrastructure and regulatory approval for the custodian service. Original Source
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U.S. Presidential Candidate RFK Jr. Vows to Exempt Crypto From Capital Gains Tax if Elected
Kennedy also reiterated a May stance defending the right to self-custody bitcoin, run blockchain nodes at home and promising industry-neutral energy regulation. Source
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Deadlines for U.S. Spot Bitcoin ETF Approvals, Including BlackRock’s, Come Into Sight
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U.S. Secret Service Seizes Funds From Bahamian Bank Deltec Amid Fraud Investigation
“Victims were fraudulently induced to transfer money into shell companies, at which point the money underwent a series of transfers, generally ending overseas, designed to conceal the source, nature, ownership, and control of the funds,” the affidavit reads. Original Source
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Breaking Down the Latest Crypto Bill From the U.S. Senate
Regardless of its chances of becoming law, this bill should likely generate some discussion. If you have any thoughts the various provisions – whether you think something needs clarity, is unnecessary, will help the industry immensely, etc. – reply to this email and you may see your comment in next
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Bitcoin Price (BTC) Remains Under Pressure Below $30K Following U.S. Retail Sales Numbers
On its face, the retail sales report from the U.S. Census Bureau for June showed some weakness, with the headline number rising 0.2% last month versus forecasts for 0.5% and May's 0.5%. However, the retail sales "control group" – which filters out some components to compile a more precise gauge
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Ripple Labs Ruling Throws U.S. Crypto-Token Regulation into Disarray – Preston J Byrne
On the second category of sales, programmatic sales, the Court found in Ripple’s favor, arguing that the third, “expectation of profits” prong of Howey was not met. “Ripple’s Programmatic Sales were blind bid/ask transactions,” the Court wrote, “and Programmatic Buyers could not have known if their payments of money went
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Celsius Reorganization Not Affected by $4.7B Settlement With U.S., Bankrupt Crypto Lender Says
The company "continues to pursue a successful Chapter 11 Plan," Celsius said in a statement attached to a Thursday court filing. "Celsius' Special Committee and senior leadership remain committed to ongoing cooperation with regulators and government bodies as the Company remains focused on maximizing value for stakeholders." Original Source
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Digitex Founder Ordered to Pay $16M to Resolve U.S. CFTC Action, Banned From Trading
“This order resolves yet another action against an individual and digital asset exchange illegally offering futures contracts to U.S. customers,” said Ian McGinley, the CFTC’s enforcement director, in a statement. He noted the court also found that Todd had “attempted to manipulate Digitex’s native utility token, DGTX, by allegedly ‘pumping’
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