Stablecoin issuer Circle expects internet payment firms and other financial services companies will attempt to enter or expand in the space.
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Bitcoin ETFs may face hacker threats, Ellison seeks no prison time, and more: Hodler’s Digest, Sept. 8 – 14
Caroline Ellison’s lawyers say she “poses no threat to public safety” and Bitcoin ETFs attractive to hackers due to the potential payout.
Chinese gov't mulls anti-money laundering law to 'monitor' new fintech
According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024.
SEC crypto ‘overreach’ cost small investors $15B: John Deaton
According to a popular pro-crypto attorney and Senate candidate, the SEC’s overreach into the crypto industry has cost retail investors over $15 billion in losses.
Hong Kong should try to speed up crypto regulation: First Digital CEO
First Digital Trust, which provides crypto custody services for institutions, says that Hong Kong is not yet ready to regulate USD-backed stablecoins.
USDC issuer Circle announces HQ move to New York ahead of IPO
2025 could bring stablecoins into the mainstream, after 2024 introduced a “turning point year in crypto,” according to Circle’s Allaire.
SEC softens stance around SAB-121: Galaxy Research
In May, United States congressional lawmakers voted to repeal Staff Accounting Bulletin-121 in a 228-182 bipartisan vote.
Trump’s crypto platform launch, Uniswap denies charging for protocol deployment: Finance Redefined
Trump is launching the World Liberty Financial DeFi platform, Uniswap’s CEO denies charging for protocol deployment, and the Sonic blockchain hits 720ms finality.
Worldcoin’s World ID gets bridge to Solana via Wormhole
Wormhole was one of 17 projects to receive a Worldcoin Wave 1 Community Grant.
SEC expands Binance lawsuit: AXS, FIL, ATOM now securities
The SEC’s latest lawsuit update targets additional tokens like Axie Infinity, Filecoin, and Cosmos as unregistered securities, continuing its crackdown on the crypto industry.