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Bittrex challenges SEC's authority in crypto lawsuit, seeks dismissal

Bittrex has adopted a similar approach to Coinbase, aligning its arguments closely with those made by the larger cryptocurrency exchange.

Hong Kong establishes task force to advance Web3 development

The task force will advise on the “sustainable and responsible” development of Web3 in Hong Kong, according to the statement.

SEC calls ETF filings inadequate, Binance loses euro partner and other news: Hodler’s Digest, June 25 – July 1

SEC calls BTC ETF filings inadequate, Binance loses euro partner, and a record number of DeFi hacks and scams in 2023.

Kraken ordered by court to disclose user data to IRS for tax compliance

Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year.

NFT Collector: Snoop’s NFT nostalgia, The Goose draws Gen Y to Sotheby’s 

Snoop Dogg’s NFT passport is a blueprint for concert merch of the future, Sotheby’s NFT VP says The Goose drew Millennials to auction house.

Revolut US to delist ADA, MATIC and SOL in September

Crypto-friendly neobank Revolut has halted purchases of Cardano, Polygon and Solana for U.S. customers, but holding and selling remains available until mid-September.

The EU’s AI regulations sparked a letter signed by 160 tech execs

As the EU works on its upcoming AI bill, executives from 160 companies in the industry drafted an open letter on the implications of too strict regulations.

SEC to present response to Coinbase’s legal defense on July 13

The court also rescheduled the pre-trial conference to a pre-motion conference, shifting it to July 13 from its original date of Aug. 24.

South Korea passes cryptocurrency bill to tackle unfair trading

South Korea's crypto bill aims to establish a basis for imposing penalties and liability for damages caused by unfair cryptocurrency trading.

US senator pushes tech companies to label AI-generated content

United States Senator Michael Bennet wrote a letter to major tech companies, including OpenAI and Google, to urge the labeling of AI-generated content.

Blockchain Australia CEO calls for unified efforts to stamp out crypto scams

Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate.

Crypto 'regulatory approach isn't needed now' — New Zealand central bank

Reserve Bank of New Zealand however said that crypto and stablecoins should be more closely monitored.

U.S. House committee chairs, Blockchain Association turn up heat on SEC head Gensler

Three House chairs sent a letter regarding recordkeeping and FOIA, and the industry advocacy group suggested Wells notice recipients ask for his recusal from their cases.

“Sam Bankman-Fried really hurt the industry” — Anthony Scaramucci

The politician and business magnate has his eyes set on Binance CEO CZ taking the reins of the future crypto industry.

Fidelity renews push for spot Wise Origin BTC Trust, making it 7th applicant this year

The huge asset manager was denied approval for the Wise Origin Trust last year; now, it is joining a long line of spot fund hopefuls.

UK crypto bill reaches final stage, on track for passage

The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law.

The SEC is targeting Coinbase, Binance as proxies in its war on crypto

SEC Chair Gary Gensler’s lawsuits against Coinbase and Binance are a turning point for crypto — and an opportunity to fight back.

AI Eye: AI travel booking hilariously bad, 3 weird uses for ChatGPT, crypto plugins

ChatGPT and Bard can help you book fictional hotels and awful 29-hour flights, 3 bizarre uses for AI, and do crypto plugins actually work?

Coinbase seeks dismissal of SEC suit, claims extraordinary abuse of process

The motion to dismiss argues that even if all the allegations in the lawsuit are true, the plaintiff does not have a valid legal claim.

Slovakian parliament votes in approval of lower crypto taxes

A parliamentary vote held by officials in Slovakia approved an amendment that will reduce the taxation of cryptocurrencies, which is currently on a sliding scale.

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