Analysis
Regulation
BlackRock, Invesco insiders claim Bitcoin ETF approval expected within six months: Mike Novogratz
Novogratz said his sources expect the SEC will give spot Bitcoin ETFs the green light in the next four to six months.
Legal
Kenyan authorities raid Worldcoin warehouse in Nairobi under search warrant
The Kenyan government has suspended Worldcoin's operations in the country and launched an investigation into its data collection and storage methods.
Legal
Video of Richard Heart publicly disparaging SEC resurfaces as securities fraud case moves forward
Heart said in the video that he has saved more people from "getting rekt" in the crypto industry than the SEC and wishes that the regulator would "stop attacking the good people."
Legal
German privacy watchdog has been investigating Worldcoin since November 2022
The Bavarian State Office for Data Protection Supervision is investigating the project for collecting "sensitive data at a very large scale."
Legal
SEC sues HEX founder Richard Heart for alleged fraud and unregistered securities sales
Heart is accused of selling unregistered securities over a period of at least three years and misappropriating some of the funds raised on lavish spending.
Legal
French authorities launch probe into Worldcoin over data collection practices
The controversial project has drawn intense criticism over its iris scan technology.
Regulation
US Accountability Office says regulators need ‘coordination mechanism’ to tackle crypto oversight
The GAO said that Congress must focus on creating new legislation to address the consumer protection and financial stability issues stemming from the lack of oversight of the crypto industry.
Exchanges
SBF agrees to gag order after New York Times article raises tampering concerns
SBF has come under fire for sharing information related to Alameda Research CEO Caroline Ellison during an interview with the New York Times, which prosecutors claim was an act of witness tampering.
CBDCs
French central bank believes distributed ledger technology will enhance financial stability
Banque de France said in a report on July 21 that DLT has the "potential to enhance the efficiency and effectiveness of the monetary and financial system."
Regulation
DeFi bill introduced in Senate would hold major investors responsible for illegal use
Two Democratic lawmakers have put forward a bill to hold primary investors in DeFi protocols accountable for illegal use of the platform.
Exchanges
Nasdaq postpones crypto custody plans, citing ‘shifting business and regulatory environment’
Nasdaq CEO Adena Friedman said the exchange remains committed to the digital assets industry but will not pursue a relevant operational license until there is more clarity.
Regulation
Republican lawmakers are preparing a new crypto bill in wake of Ripple decision
Congressman Glenn Thompson said the Ripple ruling shows there is "confusion" in the industry about how securities laws apply to cryptocurrencies and that lawmakers need to step.