Crypto
Regulation
Rep. Maxine Waters criticizes PayPal’s stablecoin, demands regulation on par with financial institutions
Waters said that a Republican bill favoring such assets has 'no chance' of success.
Legal
Jury trial in SEC v. Ripple Labs to be set for Q2 2024
The U.S. Securities and Exchange Commission (SEC) previously alleged that the two individuals engaged in unlawful securities offerings involving the XRP token.
Regulation
Bitstamp to halt U.S. trading of seven tokens identified as securities by SEC in Coinbase, Binance cases
The affected tokens, which include SOL and MATIC, will be unavailable by late August.
Scams
Indian authorities arrest ringleaders of $120M crypto scam
The organizers ran extensive scams disguised as promotional events on hundreds of thousands of victims.
Legal
Former FTX executive Ryan Salame reportedly negotiating plea deal in face of campaign finance charges
Salame spent $24 million to support various Republican candidates.
ETF
ARK Invest’s Cathie Wood expects delayed Bitcoin ETF decision, but predicts multiple approvals afterwards
The SEC likely will not decide whether to approve ARK's application this week.
Regulation
House Financial Services Committee chair renews call for stablecoin legislation after PayPal’s PYUSD announcement
McHenry used the occassion to promote the Clarity for Payment Stablecoins Act.
Exchanges
Reddit’s MOONS, BRICKS tokens surge on Kraken listing
The new listings follow earlier speculation and past price gains.
Legal
Tether declares victory in class action lawsuit as judge dismisses case
In a statement Tether claimed the court found that the plaintiffs failed to show that they suffered any loss.
Privacy
Patched Worldcoin bug could have made Orbs vulnerable to remote takeovers: CertiK
The issue was reported about a month before launch and was quickly patched.
AI
Tim Cook says AI, machine learning are part of ‘virtually every product’ Apple is building
Cook said that Apple is working on AI-powered services but does not usually announce those products until they arrive on the market.
Regulation
New York Attorney General probing Digital Currency Group in relation to Genesis Global Capital : Report
The probe has not been officially confirmed, nor is it clear whether it will lead to charges.