Bankruptcy
Celsius’s Mashinsky arrested, SEC files securities fraud charges – reports
The U.S. SEC alleges that Mashinksy and Celsius manipulated CEL's token value.
Oluwapelumi Adejumo 1 min read
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Regulation
Lummis-Gillibrand crypto bill faces Congress hurdle, yet could shape future legislation
Paradigm policy director Justin Slaughter said Congress members can add parts of the Lummis-Gillibrand bill to the McHenry-Thompson bill
AI
China’s new generative AI regulation sets guidelines to promote values of ‘socialism’
First-of-its-kind generative AI regulation to go live in China in August this year requiring licenses for publicly accessible AI.
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Exchanges
Coinbase challenges SEC’s attempt to dismiss defenses, asserts lack of regulatory authority over crypto
Coinbase's Paul Grewal tweeted that the exchange was ready to address the Court on July 13.
Taxes
IRS investigating American crypto exodus to Puerto Rico
U.S. tax authorities are working to sort out those who are taking advantage of Puerto Rico's forgiving investment tax laws legally and those gaming the system in bad faith.
Bankruptcy
Celsius files lawsuit to recover $150M crypto assets from StakeHound
Celsius argued that StakeHound refused to return the entrusted funds when it went bankrupt last year.
Exchanges
Cathie Wood’s Ark Invest unloads $12M Coinbase shares as COIN rallies to one-year high
Coinbase stock has rallied after several traditional financial institutions chose it as partner for their surveillance-sharing agreement.
Crime
U.S. charges Solana attacker with money laundering in first enforcement action of its kind
The U.S. Attorney of the Southern District of New York called the case the 'first criminal case involving [an] attack on a smart contract operated by [a] decentralized exchange.'
Mining
Vanguard’s investments in Bitcoin mining firms Marathon, Riot approach $620M
Vanguard otherwise maintains a hesitant stance towards cryptocurrency.
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Legal
Ripple CTO predicts summary judgment for September, says delay not unusual
ETF
Bitcoin ETF approval could be ‘hard to resist,’ ex-SEC chair Jay Clayton says
Legal
Grayscale challenges SEC’s decision on leveraged Bitcoin ETF as GBTC discount narrows
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