Category: Law of the Chain
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Bank of England Steps Back from Digital Pound as Global Interest in CBDCs Fades – Brave New Coin
The Bank of England is reconsidering its digital pound plans amid global CBDC skepticism. Many countries are pausing or abandoning CBDC projects due to privacy concerns and public opposition, while private stablecoins gain traction.
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DOJ Drops Investigation Into Kraken’s Jesse Powell: Report
The article discusses the latest advancements in blockchain technology, focusing on scalability solutions and their impact on decentralized applications and enterprise adoption.
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FBI Ends Investigation Into Kraken Founder Jesse Powell: Report – Decrypt
The FBI has dropped its investigation into Kraken co-founder Jesse Powell, who was accused of hacking his nonprofit arts group. Powell expressed relief and criticized the legal process.
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Breaking: 21Shares Files For Ondo ETF, ONDO Price Spikes
21Shares files for an ONDO ETF with the SEC, aiming to track the token’s value directly. The ETF will use Coinbase Custody and follows CME’s ONDO reference rate, sparking a 2.3% price surge.
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SEC approves Bitwise crypto index ETF with BTC, ETH, XRP, and Solana
The SEC approved Bitwise’s 10 Crypto Index Fund conversion to an ETF, offering exposure to Bitcoin, Ethereum, XRP, Solana, and six other major cryptocurrencies, signaling regulatory acceptance.
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FBI Drops Kraken Founder Investigation as DOJ Closes Jesse Powell Case – Coinspeaker
The DOJ closed its investigation into Kraken founder Jesse Powell, finding no wrongdoing in a nonprofit dispute. Verge Center board members allegedly withheld key communications during civil proceedings.
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In-kind redemption for Bitcoin and Ethereum ETFs get ‘positive sign’ as Cboe’s files amendments
Cboe filed amendments for five crypto ETFs to enable in-kind redemptions, signaling SEC collaboration. This structural change benefits authorized participants, improving tax efficiency and market liquidity.
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Boom in RWA tokenization expected after passing of GENIUS Act — Aptos exec
The GENIUS Act’s passage is expected to boost RWA tokenization, with stablecoins playing a key role. Aptos exec Solomon Tesfaye highlights regulatory support as a catalyst for institutional adoption and sector growth.
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Citadel urges SEC caution on tokenized securities initiative
Citadel Securities advises the SEC to proceed carefully with tokenized securities, warning of market disruption and risks to institutional investors. They recommend structured rulemaking over informal guidance.
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SEC Chair Paul Atkins Drops Bullish Bitcoin And Crypto Bombshell | Bitcoinist.com
SEC Chair Paul Atkins expressed bullish views on Bitcoin and crypto, affirming regulatory support and stating Ethereum is not a security. The GENIUS Act is seen as beneficial for Ethereum.
