Category: Law of the Chain
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SEC Grants, Then Halts, Approval for Crypto ETF With XRP: Expert Calls It ‘Bizarre Situation’ – Regulation Bitcoin News
The SEC initially approved a crypto ETF with Bitcoin, Ether, and XRP but later halted its launch, creating market uncertainty and confusion.
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Another ICO Boom? What the Senate’s Market Structure Bill Means for Crypto Startups – Decrypt
The Senate released a draft crypto market structure bill, complementing the House’s CLARITY Act. It aims to provide legal clarity for ICOs, allowing startups to raise up to $75M annually via token sales without SEC scrutiny.
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Court Approves $1.9B Reserve Release, Enabling Next FTX Distribution
FTX secured court approval to reduce its disputed claims reserve by $1.9 billion, enabling faster payouts to customers and creditors starting September 30, 2025, via designated service providers.
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Crypto ‘control’ takes center stage at Roman Storm trial
IRS agent testifies in Roman Storm’s trial, alleging control over Tornado Cash funds. Defense challenges evidence, may seek mistrial. Case focuses on money laundering and sanctions violations.
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White House Releases Trump’s ‘AI Action Plan’—Here’s What’s in It – Decrypt
The White House unveiled a national AI strategy focusing on growth, infrastructure, and global dominance, promoting deregulation and open-source models while facing criticism for overlooking risks.
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Tether CEO Confirms Company Nearly Ready for US Return After Trump Signs GENIUS Act – Coinspeaker
Tether plans US return after GENIUS Act passage, enabling stablecoin competition with Circle’s USDC. CEO confirms focus on institutional payments and settlements under new regulatory framework.
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Solana Labs, Jito Labs hit with RICO charges in amended Pump Fun fraud lawsuit
Solana Labs and Jito Labs face RICO charges in an amended lawsuit alleging their involvement in a $1.5 billion fraud tied to memecoin platform Pump.Fun, accused of facilitating illicit activities.
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Bitwise’s 10 Crypto ETF Approved but Stayed in Bizarre Move
The SEC approved Bitwise’s crypto ETF conversion but later issued a stay order, halting its launch. This marks the second such reversal this month, drawing criticism from analysts.
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Some Tokenization Is Just ‘Gambling’, Says Prometheum CEO – Decrypt
Prometheum CEO Aaron Kaplan criticizes some tokenization as gambling, emphasizing the need for real asset backing. The firm aims to integrate blockchain into traditional finance while complying with SEC regulations.
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Fraudster Sells Check Images Stolen From Billion-Dollar Bank’s System, Causing Lender To Lose $108,000 – The Daily Hodl
The OCC is prohibiting a former Webster Bank employee who allegedly sold stolen check images online, causing $108,000 in losses. The fraud affected 13 customers, totaling $237,374 in reported fraud.
