Rep. Maxine Waters said she was “deeply concerned” about PYUSD without a proper regulatory framework in place, while Rep. Patrick McHenry said it “hold[s] promise.”
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Category: Regulation News
FTX’s former law firm hit with lawsuit alleging it set up shadowy entities
The suit claims “shadowy entities” set up by Fenwick & West were allegedly used by FTX and former top executives to misappropriate customer funds.
Star Trek trademarks for NFTs: The final frontier
CBS Studios applied to use the name “Star Trek Continuum” for nonfungible tokens and crypto collectibles.
Identity checks on crypto exchanges at risk as AI deepfakes evolve
Once HeyGen’s AI-generated digital avatar is available to the public, users will be able to create a video with a real life-like digital avatar in […]
Canadian police reported using Chainalysis Reactor to trace crypto crimes
Police now have the ability to trace blockchain transactions, identify suspects and determine where funds have been deposited.
South Korea arrests Bitsonic CEO for allegedly stealing $7.5M of users’ money
The vice president of the crypto exchange will also be put on trial but without preliminary detention.
US Fed steps up oversight of banks’ involvement with crypto firms
The limitations set out in the Federal Reserve’s new Program provides additional measures to its original policy statement laid out in January.
Former FTX exec Ryan Salame and US prosecutors are discussing a plea deal: Report
It’s unclear whether any reported guilty plea from Ryan Salame would have the former FTX Digital Markets co-CEO testify at Sam Bankman-Fried’s trial in October.
CoinGecko now has an index for crypto tokens alleged as securities
According to CoinGecko, nearly $85 billion worth of crypto falls under the category of “alleged SEC securities.”
Prosecutors will still consider Sam Bankman-Fried’s alleged campaign finance scheme at trial
Rather than reinstating a count on campaign finance violations to SBF’s indictment, the Justice Department said it will consider the evidence as part of a […]