Bankruptcy
DCG is ‘in discussions’ with capital providers amidst Genesis mediation
The company expressed support for creditors who are in mediation with Genesis.
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Exchanges
Coinbase ex-manager gets 2-year sentence for insider trading
Coinbase's former product manager, Ishan Wahi got sentenced to two years in prison by the US authorities.
Legal
SBF says most charges against him ‘suffer from multiple legal flaws’
Sam Bankman-Fried's lawyers argue that the charges against him "suffer from multiple legal flaws" or were "improperly premised."
More North America Crypto News & Analysis
Regulation
Blockchain Association objects to SEC’s proposed custody rule change
The proposal is "unlawful" and could impact the crypto industry, one member said.
Exchanges
Coinbase CEO dismisses speculation that exchange plans to relocate from US
Armstrong stated that even though the US is falling behind in crypto regulations, Coinbase will always have a "US presence."
CBDCs
Canada launches CBDC consultation
The Bank of Canada's online public consultation on the Canadian CBDC will remain open until June 19, 2023.
Regulation
Binance probed by DOJ over potential Russian sanctions violations
The company and its executive have not been charged with wrongdoing.
Politics
Elizabeth Warren calls crypto ‘method of choice’ for sanction evasion
Senator Warren drew attention to illicit activity by Russia, North Korea, and Iran.
Regulation
Lawmakers throw weight behind New York’s CRPTO act
The CRPTO act requires crypto firms to refund customers defrauded on their platform and forces crypto companies to undergo auditing.
