Crypto leaders foresee major regulatory shifts if Trump wins in 2024. Under Biden, the SEC, led by Gary Gensler, tightened crypto oversight, especially post-FTX collapse. A Trump administration could ease pressures on key players like $XRP, $COIN, and $BNB. #Crypto #Update
The SEC rescheduled its closed meeting to July 25, raising hopes for a Ripple ($XRP) case resolution. However, XRP lawyer Bill Morgan clarifies that the meeting is unrelated to Ripple v SEC. The case, significant for crypto regulations, continues with no current settlement. #CryptoNews
The SEC has formed the Interagency Securities Council (ISC) to tackle securities and crypto fraud, involving 100+ federal, state, and local agencies. Led by Chair Gurbir S. Grewal, the ISC aims to boost collaboration and fight scams using social media and deepfake tech. #InvestorProtection
Ripple is contesting the SEC’s $2B fine, offering a $10M settlement instead. Ripple argues there were no findings of fraud and claims the demand is excessive. The outcome could reshape U.S. crypto regulations. #CryptoNews #Update
The Enterprise Ethereum Alliance launches DeFi Risk Assessment Guidelines to address regulatory ambiguities and improve compliance. It influences licensing in Abu Dhabi and the EU, aiding financial giants like @BlackRock, @jpmorgan, and @GoldmanSachs. #DeFi
Ripple CEO Brad Garlinghouse expects a resolution soon in the SEC v. XRP case, critical for U.S. crypto regulation. Despite a partial win last year, XRP’s status as a security for institutions remains unsettled. Garlinghouse urges clear rules, citing the EU’s MiCA as a model. #CryptoRegulation
SEC’s @HesterPeirce hints at reconsidering staking for spot $ETH ETFs, potentially boosting investor returns. This could reshape the regulatory landscape and investor strategies. Ethereum’s price surged above $3,500 following the news. #Crypto #Update
Judge Katherine Polk Failla delayed Tornado Cash co-founder Roman Storm’s trial to Dec. 2 from Sep. 23 due to complex legal issues. The case, involving $7B laundered since 2019, could redefine #DeFi developer responsibilities. #Update
OKX to cease operations in Nigeria by August 16 due to regulatory changes. Users advised to close positions and withdraw funds. This follows a trend of crypto firms exiting Nigeria amid rising regulatory challenges. #CryptoNews
Pixelverse partners with Notcoin (NOT) to reward communities via staking, quests, and marketing, with a $250K prize pool. PIXFI token lists on Bybit and Bitrue, with trading starting July 18. Bybit supports ETH deposits, while Bitrue offers zero trading fees for seven days. #Update
FTX agrees to a $12.7B settlement with the CFTC over fraud allegations, aiming to expedite Chapter 11 proceedings and compensate creditors. $4B is for disgorgement and $8.7B for damages. Court review on Aug 6, 2024. #CryptoRegulation #Update
#Update Empower Oversight seeks transparency from the US SEC over conflicts of interest in crypto regulation. FOIA requests target ex-SEC officials William Hinman and Jay Clayton’s roles with $BTC, $ETH, and $XRP. Delays spark lawsuits, highlighting SEC’s alleged lack of transparency. #CryptoNews
Plaintiffs renew lawsuit against @Tether_to and @bitfinex, alleging market manipulation of Bitcoin and other cryptos with unbacked USDT tokens. Despite previous accusations and a $18.5M settlement, Tether’s market cap hits $113B. #Update #CryptoNews
? @krakenfx partners with Tottenham Hotspur as Official Crypto & Web3 Partner. Starting 2024/2025, Kraken will also be the Official Sleeve Partner for all Men’s and Women’s teams. This multi-season deal aims to enhance fan experience and crypto education. #CryptoNews
