News Explorer — House Crypto Bill Won’t Restrain SEC and Could Threaten DeFi, Legal Experts Say

AD

House Crypto Bill Won’t Restrain SEC and Could Threaten DeFi, Legal Experts Say

The recently introduced digital assets bill in the US aims to address the regulatory shortcomings in the crypto industry. However, experts argue that the bill’s vague language and a provision that could impact the DeFi market may not effectively curb the SEC’s enforcement approach. The bill includes exemptions for digital assets but leaves many DeFi assets unprotected, potentially leading to a backdoor DeFi prohibition.

Source Article

Latest

Jul 22, 9:10 am

Decrypt

House Crypto Bill Won’t Restrain SEC and Could Threaten DeFi, Legal Experts Say

The recently introduced digital assets bill in the US aims to address the regulatory shortcomings in the crypto industry… Read Summary

Source Article

The Block

Bankrupt Celsius Settlements May Lead to Return of Customer Funds

Celsius Network, a bankrupt crypto lender, has reached settlements that could lead to the return of customer assets. The… Read Summary

Source Article

Decrypt

HAMS Token Jumps 783% Amid Hype Over Crypto Gambling on Hamster Races

The price of the HAMS token, associated with the Hamsters.gg website, experienced a significant surge, jumping 783% in a… Read Summary

Source Article

Coindesk

Craig Wright Wins Appeal in UK Bitcoin Copyright Case

Craig Wright, who claims to be Bitcoin inventor Satoshi Nakamoto, has been granted the opportunity to argue his case for… Read Summary

Source Article

Jul 21, 10:29 am

Blockworks

Google Cloud Is Expanding Web3 Products, Says Exec

Google Cloud is expanding its involvement in the Web3 segment by working with financial services and gaming businesses t… Read Summary

Source Article

Jul 21, 10:29 am

Decrypt

Custodia CEO Claims Fed Isn’t Complying With Law in FedNow Rollout

Custodia Bank CEO Caitlin Long has raised concerns about the Federal Reserve’s approval process for fintechs to access i… Read Summary

Source Article

Jul 21, 9:44 am

Decrypt

SBF’s Brother Planned to Buy Island for Doomsday Bunker, FTX Lawsuit Claims

A lawsuit alleges that the FTX Foundation, the nonprofit arm of the now-defunct exchange, planned to purchase the sovere… Read Summary

Source Article

Jul 21, 9:27 am

Decrypt

Couple Accused of Laundering $4.5 Billion in Cryptocurrency Reach Plea Deal, Face Up to 20 Years in Prison

A couple charged with laundering $4.5 billion in cryptocurrency and conspiring to defraud the United States through a 20… Read Summary

Source Article

Jul 21, 8:33 am

Decrypt

McDonald’s Launches Game in ‘The Sandbox’ Metaverse

McDonald’s Hong Kong has launched McNuggets Land, a virtual world in The Sandbox metaverse game, to celebrate the 40th a… Read Summary

Source Article

Jul 21, 8:30 am

Decrypt

Conic Finance DeFi Protocol Suffers $3 Million Hack

Conic Finance, a decentralized finance (DeFi) protocol, has been hacked, resulting in the theft of 1,700 Ethereum worth… Read Summary

Source Article

Jul 21, 5:26 am

Decrypt

DOJ Accuses SBF of Leaking Caroline Ellison’s Diary to ‘Discredit a Witness’ in FTX Trial

U.S. prosecutors have requested a court order to prevent Sam Bankman-Fried, former CEO of FTX, from making statements th… Read Summary

Source Article

Jul 21, 3:44 am

Fortune

SBF’s Brother Planned to Use FTX Funds to Buy Island Nation for Apocalypse Bunker, Lawsuit Alleges

The FTX bankruptcy estate has filed lawsuits to recover funds from the collapse of Sam Bankman-Fried’s crypto empire. Th… Read Summary

Source Article

Jul 21, 1:38 am

Cointelegraph

U.S. Department of Justice to Double Crypto Crime Team Staff

The United States Department of Justice (DoJ) has announced plans to expand its crypto crime team by doubling its staff…. Read Summary

Source Article

Jul 21, 1:12 am

The Block

DOJ Accuses Sam Bankman-Fried of Leaking Alameda Chief’s Diary to Press

The United States Department of Justice has accused Sam Bankman-Fried, former CEO of FTX, of leaking the private diary o… Read Summary

Source Article

AD