SEC delays decision on Ether staking and XRP ETFs, as analysts expected
The SEC has delayed decisions on Ether staking and XRP ETFs, as anticipated by analysts. The agency seeks more time for review and public comments, with final decisions expected by October.
Texas House Advances Bitcoin Reserve Bill With Bipartisan Backing – Decrypt
Texas House advances Senate Bill 21 to create a state Bitcoin reserve, requiring cryptos to maintain a $500B market cap for 24 months. The bill now moves to third reading with bipartisan support.
Commerce Secretary Lutnick Divests Cantor Fitzgerald Stake – Crypto News Bitcoin News
Commerce Secretary Howard Lutnick transfers Cantor Fitzgerald stake to comply with ethics rules, divesting to his children and investors amid government role.
Cardano Kicks Off Independent Audit Of ADA Redemption
Cardano has initiated an independent audit of its ADA redemption program, engaging law firm MW&E and audit firm BDO to address allegations of unclaimed ADA diversion and provide transparency.
Russia Prepares Bill to Streamline Confiscation of Digital Assets – Regulation Bitcoin News
Russia is drafting a bill to establish legal procedures for confiscating digital assets, addressing challenges posed by their anonymity and decentralized nature.
SEC Charges Crypto Project Unicoin Over $100M Token Sale Fraud
The SEC charged Unicoin and its executives with fraud, alleging they raised $100M through false claims about asset-backed tokens. The scheme involved misleading marketing and unregistered securities sales.
Coinbase Faces Lawsuit Over Unauthorized Biometric Data Collection
Coinbase faces a class-action lawsuit in Illinois for allegedly collecting and sharing biometric data without consent during identity verification, violating state privacy laws.
ASIC Seeks High Court Ruling on Crypto Yield Products After Block Earner Win – Decrypt
ASIC seeks High Court appeal to clarify if crypto yield products like Block Earner’s fall under financial regulations, following a Federal Court ruling favoring the crypto firm.
India Supreme Court Asks Government Why Crypto Still Isn’t Regulated – Legal Bitcoin News
India’s Supreme Court pressures the government to regulate cryptocurrency, comparing Bitcoin trading to hawala and warning of economic risks without oversight.
SEC Charges Unicoin, Executives Over Alleged $110 Million Crypto Fraud – Decrypt
The SEC charged Unicoin and its executives with allegedly defrauding investors of $110 million through false claims about asset backing and registration status of its crypto offering.
