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'Historic week' as stablecoin, self-custody bills advance to House floor

The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets.

Grayscale urges SEC to approve all Bitcoin ETFs simultaneously

Grayscale's ETF was previously knocked back by the SEC and it wants it and competing ETFs approved together so none have an advantage.

SEC chief accountant warns accountants about liabilities when auditing crypto firms

Paul Munter says making or allowing misleading statements can have serious consequences for accounting forms and individual accountants.

'Pro crypto bill' passes out of US House Agriculture Committee

The Republican bill, dubbed FIT for the 21st Century, was drafted by two House committees and passed after strenuous preparations by members of both parties.

Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst

Stablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argues a new policy paper released by Paradigm.

Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations

Republican leadership has blamed the Biden administration for not having a "sense of urgency" on stablecoins, while the Democratic response suggested "impatience" by lawmakers.

Block.one ICO damages ‘far beyond’ $22M, ENF founder says

Block.one owes much more to EOS investors than just $22 million after the $4-billion ICO, EOS Network Foundation CEO Yves La Rose believes.

Nexo joins sanctions association as regulatory scrutiny increases

Nexo looks to keep pace with regulatory requirements by implementing new certification requirements for its compliance team.

Journeys: Hervé Larren on Bitcoin, Apes and the psychology of ‘blue-chip’ NFTs

Hervé Larren’s crypto journey has taken him from luxury goods to Bitcoin mining and back full circle to the world of “blue-chip” NFTs.

Hong Kong and Saudi Arabia collaborate on tokens and payments

The Saudi Central Bank warned in 2019 that Bitcoin is “not recognized by legal entities” but hasn’t made many statements on crypto since.

German political parties split on how to regulate increasing AI adoption

As the trilogue on the AI Act begins, the European Commission, German politicians, and digital experts express skepticism and make new demands.

Coinbase CEO to Americans: Urge reps to vote ‘yes’ on crypto regulatory clarity bills

Brian Armstrong said that voting yes to the bill would protect innovation and national security in the United States.

Crypto payment gateway CoinsPaid suspects Lazarus Group in $37M hack

CoinsPaid said it is now working with Estonian law enforcement and several blockchain security firms are assisting to minimize the impact of the July 22 exploit.

Crypto bills pass congressional committee in 'huge win' for US crypto

Two crypto regulatory bills have been passed by the United States House Financial Services Committee United States in one day.

Judge warns Sam Bankman-Fried to ‘take it seriously’ as prosecutors push to revoke bail: Report

Assistant U.S. Attorney Danielle Sassoon reportedly said SBF made roughly 100 calls to a reporter behind The New York Times story that revealed Caroline Ellison’s private journals.

Judge suggests IRS issued $4K refund over tax lawsuit based on quality of lawyers: Report

A couple who filed a lawsuit over how staked Tezos tokens were taxed has gone to appellate court after refusing to accept a refund check from the IRS.

SEC passes new ‘conflict of interest’ rules governing how brokers can use AI

The new rules will govern how brokers use artificial intelligence to entice investors and how they use “optimization functions” to target investors and determine investment strategies.

Canada proposes new capital rules for crypto holdings

The Office of the Superintendent of Financial Institutions (OSFI) is opening public consultations on two draft guidelines updating its capital and liquidity approach to crypto assets.

US lawmakers invoke FTX and spar on direction of crypto bills

On July 26, six pieces of legislation were being considered by the House Financial Services Committee including ones on regulatory clarity and consumer protection in the space.

EOS Foundation to sue Block.one on failure to honor $1B commitment

Potential plaintiffs in the new lawsuit by ENF may need to opt out of other suits against Block.one to be eligible to participate.

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