Driver’s License Leak Triggers KYC Backlash
Nexus claims to sell 153M U.S. and Canadian driver’s licenses on the dark web, sparking backlash against KYC; FBI investigates. #Breaking #Legal @FBI
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
Kraken Partners with SoFi to Revolutionize Banking
@Kraken joins @SoFi’s settlement network, listing SoFiUSD to bridge traditional banking with crypto markets. #Update #Crypto $USDC
CFTC Seeks Dismissal of CME Crypto Lawsuit
The U.S. Commodity Futures Trading Commission (CFTC) seeks to dismiss CME Group’s lawsuit over crypto perpetual futures, stating it lacks standing and claims are unfounded. #Update #Legal $CME
CFTC Moves to Dismiss CME Crypto Lawsuit
The CFTC requested a federal court to dismiss CME Group’s lawsuit regarding Kalshi’s bitcoin perpetual futures approval, asserting CME failed to prove competitive harm and can list similar products. #Update #Legal $BTC
WTI Crude Futures Seek CFTC Approval
@Kalshi is seeking CFTC approval for a never-expiring WTI crude oil perpetual futures contract, potentially the first of its kind on a regulated US platform. #Update #Crypto $WTI
CFTC Seeks Dismissal of CME Crypto Lawsuit
CFTC seeks dismissal of @CMEGroup lawsuit regarding crypto perpetual futures, asserting the dispute is trivial as the order permits listing by designated contract markets. #Update #Legal $BTC $ETH
Bitcoin Surges as G20 Backs Regulation
G20 finance ministers support clearer digital asset regulations, study stablecoin risks, and urge stronger anti-money laundering enforcement. #Update #Crypto
SEC Chair Hopes CLARITY Act Advances September Vote
SEC Chair Paul Atkins anticipates Senate progress on the CLARITY Act by September 15, aiming for a vote before midterm elections, despite industry skepticism and a 49% probability of passage this year. #Update #Crypto
SEC Pressured for Novel ETF Rules
Crypto firms, asset managers, and consumer advocates urge the SEC for tailored rules on novel ETFs, emphasizing regulatory parity and innovation. #Update #Legal @SEC
Tether Faces $42M USDT Freeze Lawsuit
Tether froze $42.4M in $USDT linked to Thai investors without a warrant, leading to a lawsuit seeking damages and blacklist removal. #Update #Legal $USDT
Tether Sued for Freezing $42M in Fraud Case
Two Thai businessmen sued @Tether for allegedly freezing $42.4M in $USDT without a warrant, linked to a pig butchering scheme; they seek unfreezing and damages. #Update #Legal $USDT
SEC Launches 24/7 Trading Roundtable
SEC hosts roundtable on 24/7 trading for U.S. stocks with 27 TradFi firms, including 18 crypto-linked companies like @BlackRock and @Nasdaq. #Update #Finance
Tether Faces $42.4 Million USDT Lawsuit
The plaintiffs allege that @Tether froze $42.4 million in USDT following an informal U.S. law enforcement request, prior to a seizure warrant being issued. #Update #Legal $USDT
SEC CFTC Urged to Bring Stock Perpetuals Onshore
@OndoFinance advocates for the SEC and CFTC to allow perpetual futures linked to US stocks onshore, citing compliance with existing securities laws. #Update #Crypto $SOL