XRP Fraud Surges 60% During Holidays
@Ripple intensifies defenses against rising $XRP fraud as deepfake scams surge during holidays, highlighting its threat-mitigation success in reducing crypto impersonation attacks. #Update #Security $XRP
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
SEC Proposal Triggers Licensing Concerns in Europe
The European Commission’s proposal to empower the European Securities and Markets Authority (ESMA) for crypto licensing raises concerns about centralization and potential slowdowns in startup growth, pending approval from the European Parliament. #Update #Crypto $BTC
SEC Schedules Crypto Privacy Roundtable for December
The U.S. SEC will hold a Crypto Privacy Roundtable on December 15, focusing on financial surveillance and user data protection, following its postponement from October. #Update #Crypto
Pi Network Launches AI Tools for KYC
@PiNetwork upgrades KYC with AI tools, reducing human review by 50%, ahead of a December token unlock of 190M tokens worth $43M. Validator rewards expected by Q1 2026. #Update #Crypto
SEC Targets Terra’s Do Kwon: 12-Year Sentence
The DOJ seeks a 12-year sentence for Terra founder Do Kwon, citing fairness compared to Sam Bankman-Fried’s 25-year term. Sentencing is set for December 11.
Crypto Fraud: Do Kwon Faces 12-Year Sentence
U.S. prosecutors seek a 12-year prison sentence for @DoKwon, founder of Terraform Labs, after his guilty plea for fraud linked to the $UST collapse, which caused significant market turmoil. #Breaking #Legal $LUNA
SEC Halts ProShares Bitcoin ETF Plans
The SEC’s request led ProShares to withdraw plans for leveraged ETFs linked to major stocks and crypto assets like $BTC, $ETH, $XRP, and $SOL. No securities were sold. #Update #Legal
CFTC Approves U.S. Crypto Trading
The CFTC approves U.S. spot crypto trading on regulated exchanges, with Bitnomial launching first, marking a significant regulatory milestone. #Update #Crypto
EU Transfers Crypto Oversight to Markets Authority
The European Commission proposed transferring cryptocurrency oversight from individual countries to the European Securities and Markets Authority (ESMA) to unify regulatory approaches across the EU. #Update #Crypto $BTC
SEC Faces Uproar Over Citadel’s DeFi Regulation
@CitadelSec has urged the SEC to tighten regulations on DeFi tokenized stocks, claiming they should be treated as exchanges, prompting backlash from crypto advocates. #Update #Crypto $BTC
SEC Bans Robinhood Crypto in Connecticut
Connecticut’s Department of Consumer Protection orders @RobinhoodApp, @cryptocom, and Kalshi to cease unlicensed sports wagering operations. #Breaking #Legal
iGaming Revolution MyStake Partners Leeds United
@MyStake partners with Leeds United, marking a significant move in UK iGaming sponsorships. Details remain confidential. #Update #Sports
Bitcoin Spot Trading Approved by CFTC
Bitnomial to launch leveraged spot crypto trading in the U.S. next week under CFTC oversight, marking a significant regulatory development. #Update #Crypto
CFTC Approves Spot Crypto Trading on Exchanges
The US Commodity Futures Trading Commission has approved spot cryptocurrency trading on federally regulated exchanges, a first for the market, following recommendations from President Trump’s Working Group. #Update #Crypto $BTC $ETH