A U.S. Court has approved Consensys’ request for an expedited hearing against the SEC. The case, centered on whether the SEC can regulate MetaMask as a securities broker, could set a precedent in crypto regulation. Initial discovery is due by Aug. 16. #CryptoNews
Tether partners with BTguru to explore tokenization for Turkish banks amidst new crypto regulations. Turkey exits FATF’s “grey list” for money laundering. Potential $2 trillion market cap by 2030. #Crypto
Bing Wang of BasedVC highlights the $8B RWA tokenization market’s challenges, emphasizing the need for clear regulations to drive innovation and protect investors. The sector could hit $24T by 2027, but faces SEC hurdles. #CryptoNews #Update
The @SECGov has sued Silvergate Capital, alleging it misled investors about compliance with anti-money laundering laws and detecting $9B in suspicious transfers linked to FTX. Silvergate agreed to a $50M penalty. #CryptoCompliance
Singapore’s DBS Group will offer custodial services for Paxos as the stablecoin issuer secures full approval from the Monetary Authority of Singapore. This partnership expands DBS’s digital asset ecosystem, emphasizing trust and security in stablecoin adoption. #CryptoNews
SEC sues Silvergate Bank for alleged securities fraud, non-compliance with anti-money laundering rules, and failure to disclose critical deficiencies. Silvergate agrees to $63M settlement; former CEO Alan Lane and ex-COO Kathleen Fraher face fines and bans. #CryptoRegulation
The SEC is reviewing public comments on Hashdex’s proposed Bitcoin ($BTC) and Ethereum ($ETH) ETF. This ETF aims to offer institutional investors exposure to both cryptocurrencies, managed by Hashdex and administered by Tidal ETF Services. Decision expected by March 2025. #CryptoNews
? PayPal-backed Mesh partners with Italy’s Conio to enable 430K Italians to access 10 crypto exchanges like Coinbase and Binance. This move aims to educate investors on secure crypto storage. #CryptoNews
Savl’s COO James Toledano discusses how robust KYC protocols significantly reduce money laundering in crypto. Savl’s advanced KYC tech has cut fraud rates and increased security, promoting trust in $BTC, $ETH, and other cryptocurrencies. #Update #CryptoSecurity
The EU’s MiCA regulation will reshape crypto markets starting June 30, 2024, with full implementation by December 30. Countries like France and Ireland are competing to be crypto hubs. Challenges include regulatory complexity and tech investments. #CryptoRegulation
Vitalik Buterin criticizes U.S. crypto regulation as “anarcho-tyranny,” claiming it stifles growth by burdening transparent projects while vague ones thrive. Calls for balanced rules. #Crypto #Regulation
The SEC has sued @Consensys over MetaMask, while MiCA regulations launched in the EU. VanEck filed for the first-ever Solana ETF in the U.S., boosting $SOL by 8%. Deepfake scams rose 245% in 2024, causing $79.1B in losses. #CryptoNews
The @SECGov has returned S-1 forms to Ethereum-ETF issuers for revisions, delaying the potential launch until after July 8, 2024. This rigorous review aims to meet regulatory standards, potentially boosting institutional investment and mainstream adoption of $ETH. #CryptoNews
Ripple CTO David Schwartz supports @Consensys amid SEC lawsuit over unregistered securities sales through MetaMask. Schwartz argues MetaMask profits are independent of Consensys efforts, challenging SEC claims. Judge Amy Berman Jackson’s rulings impact ongoing cases. #CryptoNews
