Market
Legal
Rep. Tom Emmer says Gensler “abused his authority,” backs amendment to limit SEC’s crypto reach
Emmer is working to restrict the SEC's use of taxpayer funds to pursue crypto enforcement actions until clear rules are in place.
Mining
Tether CTO clarifies rumors around photo of a container with the ‘Tether Energy’ logo
Paolo Ardoino said that while the 'Tether Energy' logos were superimposed on the industrial containers, the project is "really happening."
Memecoins
Pepe founder blames ‘nefarious ex-team members’ for unexpected $16M withdrawal
The Pepe founder has vowed to burn the remaining tokens from the affected wallet after paying for necessary purchases or donations.
Exchanges
Gemini lawyer says the ‘SEC is floundering’ in proving its case against the exchange
The SEC has two theories — that the Loan Agreements or that Gemini Earn itself constitutes security. which Baughman called 'absurd.'
Crime
SBF pleads to be let out 5 days a week for legal defense work
SBF's lawyers have argued that he cannot review the huge amount of case-related documents while being detained at MDC.
Exchanges
Law expert says the amicus brief filed by 6 law scholars ‘absolutely shreds’ the SEC’s theory
In support of Coinbase, the scholars said that an 'investment contract' requires a 'contractual undertaking,' contradicting the SEC.
Exchanges
The SEC is exceeding its authority and encroaching on Congress’ lawmaking: Senator Lummis
Senator Lummis noted that the 'SEC cannot legislate by enforcement' and to do so is a power-grab move that contravenes lawmaking.
Bankruptcy
OPNX submits bid to takeover troubled Singapore-based crypto lender Hodlnaut
OPNX, whose founders include Kyle Davies and Su Zhu, the co-founders of bankrupt 3AC, wants to provide $30 million in FLEX tokens to Hodlnaut.
Crime
Former Celsius CEO Alex Mashinsky loses motion to dismiss civil fraud lawsuit
The civil lawsuit brought by NY Attorney General Leticia James, accuses Mashinsky of duping customers through misleading and false claims.
AI
AIs will organize using DAOs on public blockchains like Ethereum, says BitMEX co-founder Arthur Hayes
Hayes believes that Ethereum price will 'skyrocket' as AI-powered DAOs proliferate and boost on-chain transaction volume.
Regulation
Wall Street banks back Elizabeth Warren’s Digital Asset Anti-Money Laundering Act
The bill, if passed, will impose the same standards and requirements on crypto businesses as banks and other financial institutions.
Legal
DoJ says SBF has tried to ‘corruptly influence witnesses’ multiple times; urges bail revocation
By leaking Caroline Ellison's diary, SBF has not only attempted to tamper with a witness, but also interfered with a fair trial by trying to influence prospective jurors.