SEC Delays Truth Social Crypto ETF Decision Amid Trump Financial Interest Scrutiny
The SEC postponed its Truth Social DWAC crypto ETF decision to November 2024, citing concerns over Trump’s $4 billion stake.
South Korea suspends crypto lending services as FSC drafts 2023 regulations
South Korea suspends new crypto lending services; FSC plans regulations. Bitcoin drops 5%, Ethereum follows. 20 exchanges affected by the halt.
South Korea’s stablecoin framework targets KRW-pegged assets in Q4 2023
South Korea plans a stablecoin framework by Q4 2023, affecting KRW-pegged assets like Terra and KLAY, with 60% of exchanges complying.
Illinois Governor Pritzker enacts crypto laws, counters Trump policy affecting 500K users
Illinois Governor Pritzker signed two crypto bills, criticized Trump’s policy, impacting 500K crypto users. Key entities: Bitcoin, Ethereum, Pritzker, Trump.
Federal Reserve Chair transition to impact Bitcoin regulation in 2024
Jerome Powell’s successor may influence Bitcoin’s regulatory path, with BTC currently at $43,000 amid Fed policy shifts and SEC scrutiny.
Judge dismisses CryptoZoo lawsuit against Logan Paul over $1.3M NFT sales
Judge supports Logan Paul in dismissing CryptoZoo lawsuit; case involved $1.3M in NFT sales; SEC and Texas regulators previously investigated the project.
Ripple faces XRP ETF and banking license decisions in October 2023
October 2023 is critical for Ripple as XRP faces ETF and banking license decisions, with SEC scrutiny and market volatility impacting its $25B valuation.
South Korea bans crypto lending on exchanges effective September 24
South Korea mandates crypto exchanges like Upbit and Bithumb to stop lending services by September 24, affecting 1.2 million users.
Illinois enacts 2023 crypto laws targeting fraud and scams affecting 2.3M residents
Illinois Governor Pritzker signed two crypto bills targeting fraud, impacting 2.3M residents. Laws focus on scams, enforcement, and consumer protection in digital assets.
CFTC mandates 2023 crypto fund audits for Bitcoin and Ethereum compliance
The CFTC oversees crypto funds, requiring compliance with regulations. Bitcoin and Ethereum are common assets. In 2023, 45% of funds faced audits.
