Regulation
Ooki DAO moves to raise funds to defend against CFTC lawsuit
Ongoing discussions in the Ooki DAO forum have outlined three action plans to help the community raise funds to respond to the CFTC's complaint.
Christian Nwobodo 2 min read
US News
SEC and CFTC actions, state policy, ETFs, startups, and nationwide crypto market trends.
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Regulation
SEC charges Hydrogen for profiting over $2M from market manipulation
The SEC said Hydrogen colluded with South Africa-based Moonwalker to inflate the trading volume of Hydro token.
Legal
CFTC serves Ooki DAO members lawsuit via governance discussion forum
The commission's paralegal Brittne Snyder revealed that the regulator served the decentralized organization by posting the legal notices to its online platforms on Sept. 22.
Latest US Crypto News & Analysis
Crypto
CryptoSlate Wrapped Daily: Binance takes aim at cyber financial crime; CEL tanks after Celsius’ Alex Mashinsky resigns
CEL drops by 7.5% after Celsius CEO announces resignation, the Ethereum Push Notification Service rebrands as Push Protocol, and much more in this edition of CryptoSlate Wrapped Daily.
Regulation
California Gov. Newsom explains veto of NY-styled BitLicense crypto business bill
Despite overwhelming state assembly support for AB-2269, Governor Newsom vetoed the bill saying California must remain a competitive place for companies to invest and innovate.
Adoption
Nexo acquires stake in Summit National Bank to expand US offering
The acquisition will enable Nexo to offer bank accounts, asset-backed loans, card programs, and escrow and custodial solutions to its users in the U.S.
Regulation
DeFi needs to be regulated ‘carefully and thoughtfully,’ says Fed chair Jerome Powell
Powell said that central banks will always be the main trust anchor behind money and stablecoins borrow the trust from the underlying issuer.
Exchanges
FTX US President Brett Harrison stepping down
Harrison said he is moving into an advisory role while transferring his duties over the next few month.
Bankruptcy
FTX wins bid to acquire bankrupt Voyager’s assets
FTX will acquire bankrupt Voyager's digital assets and enable Voyager's customers to resume trading and store their crypto holdings on the FTX platform after the conclusion of Voyager's bankruptcy process.
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Lending
California issues cease, refrain order to Nexo over offering clients an Earn Interest Product
Crypto
CryptoSlate Wrapped Daily: LUNA’s Do Kwon says he is not in hiding after Interpol issues red warrant; Miners abandoning POW tokens
People
Interpol issues worldwide arrest warrant for Do Kwon
Crypto