The SEC has charged @DCGco and former Genesis CEO Michael Moro with misleading investors about the impact of Three Arrows Capital’s collapse, resulting in a $38.5 million settlement without admitting guilt. #Breaking #Legal @DCGco (-9) ↘
@DCGco will pay $38 million to settle SEC charges over its bankrupt Genesis Global Capital lending unit, accused of misleading investors about its financial health following Three Arrows Capital’s collapse. Former CEO Soichiro Moro also settles for $500,000. #Breaking #Legal (-9) ↘
Scott Bessent, Treasury Secretary nominee under President-elect Donald Trump, expressed skepticism about a US central bank digital currency (CBDC), arguing it’s unnecessary given secure US investment options. His stance contrasts with the Federal Reserve’s ongoing exploration of CBDCs since 2021. #Update #Crypto (+3) →
@bankofengland launches the Digital Pound Lab to explore a central bank digital currency, aiming to modernize payments through public-private collaboration. The initiative will assess feasibility and ensure privacy, with ongoing public consultation. #Update #Crypto (+3) →
Syria’s transitional government considers legalizing Bitcoin and launching a Central Bank Digital Currency to stabilize its economy, aiming to reduce international credit dependency and foster economic recovery. #Update #Crypto @SCER ↗ +4
Brazilian Congresswoman Julia Zanatta warns that @DrexCBDC could eliminate physical cash, proposing a ballot for its implementation, highlighting potential risks to citizens’ financial freedom. #Breaking #Legal @DrexCBDC ↘ (-7)
Brazil’s Central Bank collaborates with @BancoInter, @MicrosoftBr, 7COMm, and @Chainlink for a CBDC pilot. Using Chainlink’s CCIP, it focuses on tokenizing eBOL for efficient cross-border trade, aiming to revolutionize global supply chains.
