Crypto
Bankruptcy
Digital Currency Group nearing settlement with Genesis creditors; reports $216M Q2 revenue as new CFO takes helm
DCG also reported that the company has appointed Mark Shifke as its new chief financial officer (CFO).
Regulation
A suite of crypto legislation passed the House Financial Services Committee this week
The Republican-sponsored package is one of the most concerted efforts to pass federal crypto legislation to date.
Crime
Sam Bankman-Fried surrenders Caroline Ellison’s personal writings to court
The ex-CEO's lawyer requested that the documents remain under seal.
Regulation
Democratic congressman Ritchie Torres calls Gensler’s SEC ‘arbitrary and capricious’
Torres also expressed support for two recent pieces of crypto legislation.
Regulation
SEC cautions accounting firms against accommodating non-compliant crypto clients
Accounting firms may be held accountable for any client's misleading statements regarding audits and transparency.
Tokenization
Sam Altman says Worldcoin is onboarding eight users per second, but claims are largely unsubstantiated
The Worldcoin founder is touting high adoption rates but support from on-chain data is lacking.
Crime
Prosecutors withdraw campaign finance charges against Sam Bankman-Fried
The terms of Bankman-Fried's extradition to the United States proved problematic in prosecuting Bankman-Fried for alleged campaign finance violations.
Regulation
SEC adopts proposal for regulating use of AI in markets
The rule would seemingly apply to crypto exchanges that are considered broker-dealers.
Crime
Federal prosecutors want Sam Bankman-Fried’s bail revoked
Prosecutors believe the disgraced CEO to be engaging in witness tampering and have recommended his imprisonment awaiting trial.
Regulation
SEC charges Quantstamp for 2017 initial coin offering
The SEC charged the company "for conducting an unregistered initial coin offering (ICO) of crypto asset securities."
AI
Google and Microsoft describe AI prospects in latest earning reports
AI is not yet driving revenues for either company despite that focus.
Regulation
Ripple CLO says XRP ruling bodes well for Coinbase, Binance SEC cases
Stuart Alderoty discussed the broader impact of Ripple's victory against the SEC.