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SBF ordered to jail, Bitcoin ETF delayed and SEC to appeal Ripple case: Hodler’s Digest, Aug. 6-12

Sam Bankman-Fried has bail revoked, ordered to jail; the SEC delays decision on a spot Bitcoin ETF; and the SEC moves to appeal on Ripple’s case.

Brazil's Congress moves to levy higher taxes on cryptocurrencies

If approved, the legislation would place crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets.

CFTC charges residents of Florida, Louisiana, Arkansas for crypto fraud

The regulatory body asserts that the defendants managed to entice over 14,000 individuals by creating false weekly returns.

Senator Lummis files Amicus Brief supporting Coinbase's dismissal motion against SEC

Senator Lummis argued that the SEC is attempting to “circumvent the political process” by establishing itself as the main authority on crypto.

3AC co-founder avoids contempt charges following evidence of Singaporean citizenship

Lawyers for Kyle Davies filed evidence that his U.S. citizenship had been renounced in 2021, which, according to a bankruptcy judge, left him outside the court's jurisdiction.

Judge orders Sam Bankman-Fried's bail revoked following allegations of witness intimidation: Report

Judge Lewis Kaplan reportedly cited SBF's alleged attempts to influence or intimidate witnesses in the criminal case including a former FTX US general counsel and Caroline Ellison.

SEC decision on Bitcoin ETFs won't leave out Wall Street giants

The Securities and Exchange Commission's prolonged deliberation over a spot Bitcoin ETF is stoking expectations of a joint decision for all applications.

SEC punts on ARK 21Shares spot Bitcoin ETF, opens proposal to comments

ARK Investment Management founder and CEO Cathie Wood predicted on Aug. 7 the SEC would delay its decision on the firm's spot BTC ETF application.

Hong Kong securities regulator issues in-principle approval to HKVAX

The announcement comes after Hong Kong debuted crypto retail trading with exchanges HashKey and OSL.

Grails’ lucky dip of famous NFT artists, new hope for PFP holders: NFT Collector

Pudgy Penguins CEO reveals why PFT holders aren’t doomed, Grails offers a blind tasting to buy famous NFT artists, and free Amazon Prime NFTs.

Binance applies for Taiwan AML compliance: Report

The world's leading crypto exchange by trading volume has reportedly applied to register in Taiwan under the new AML compliance.

US regulators consider regulating political deep fakes ahead of 2024 election

The Federal Election Commission in the U.S. unanimously voted to advance a petition to regulate political ads that use artificial intelligence.

Worldcoin opens up WLD reservations for unverified users

Worldcoin project has remained controversial right from its announcement and currently facing regulatory trouble in multiple jurisdictions that it has launched.

‘XRP is not a security. Period’ — Crypto lawyers on Ripple’s case amid SEC appeal

Lawyer Oscar Franklin Tan believes that if the appeal is allowed, whoever wins will build momentum in the main case.

California commission outlines campaign disclosure requirements for crypto

The California Fair Political Practices Commission has released disclosure requirements for cryptocurrency contributions to political candidates and committees.

Canada to develop repository for storing crypto and NFT seizures

The Royal Canadian Mounted Police is seeking a digital asset solution to facilitate the seizure and storage of cryptocurrency and nonfungible tokens.

Argentine agency opens investigation into Worldcoin over biometric data

The Agency for Access to Public Information in Argentina was the latest government body to investigate Worldcoin, with reports suggesting probes in Germany, France and Kenya.

SEC announces $24M settlement for case against Bittrex and its former CEO

The U.S. regulator filed a complaint in April claiming Bittrex and William Shihara operated an unregistered exchange, also separately charging Bittrex Global.

Digital Currency Group files motion to dismiss Gemini lawsuit, claiming it's a PR campaign

Gemini’s complaint filed in July alleged DCG and Barry Silbert had made "false, misleading, and incomplete representations and omissions" related to Genesis and the Earn program.

Alex Mashinsky faces electronic monitoring while on bail, judge signs off on protective order

Prosecutors and defense lawyers agreed to a bail modification having the former Celsius CEO under electronic monitoring and largely be restricted from moving funds over $10,000.

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