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Circle’s Fed payment rail goal could be crushed by NY Fed’s policy change

Updated rules by the New York Fed could deem stablecoin issuer Circle “ineligible” for access to the Fed's money market.

Gary Gensler links crypto with cash in viral 2018 video — Crypto Twitter reacts

The 2018 MIT professor Gary Gensler didn’t think most ICOs triggered U.S. securities laws.

UK financial watchdog to crypto industry: ‘Let’s work together’

The Financial Conduct Authority wants input from crypto companies on moving forward with regulations.

Apple's outside payments ban upheld as unlawful in likely win for NFTs and crypto

Unless Apple appeals the decision and has the ruling overturned, developers are free to direct app users to their own systems to make purchases.

Bitcoin advocates rally at Texas State Capitol to oppose bill cutting mining incentives

“When you target one industry the way they are with this bill, that’s bad policy no matter what the industry you’re targeting,” said Satoshi Action Fund CEO Dennis Porter.

Bitcoin’s price is down 10% — New bear market or correction?

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses if the latest price of Bitcoin is a sign of a new bear market starting or just a healthy correction.

EU data watchdog warns of ‘hell on Earth’ scenario for US AI companies

Europe's Data Protection Supervisor predicts trouble abroad and at home for U.S. AI companies that run afoul of GDPR.

Genesis settlement disrupted by new creditor demands, DCG says

Under the initial settlement plan, Genesis creditors were expected to receive 80% recovery of funds lost due to the bankruptcy.

Do Kwon seeks SEC charges dismissal as S.Korea rules LUNA as non-security

The South Korean district court recently dismissed security violation charges against Terra co-founder Hyun-seong Shin, deeming LUNA as non-security under Korea’s Capital Markets Act.

Crypto community split on Coinbase NFT's push for 'sensible crypto policy'

A Twitter user expressed uncertainty over NFTs having any impact but admitted that it makes them feel like they did something.

OpenSea 'insider trading' trial kicked off in New York district court

The court case might have a decisive influence on the legal classification of NFTs.

CFTC proposes reducing anonymity to manage risks

CFTC Commissioner urges crypto companies to verify the digital identity of users and says that congress is considering new laws addressing anonymity and digital identity.

Terraform Labs co-founder and nine others indicted in South Korea

The indictment of 10 individuals associated with Terraform Labs, including co-founder Hyun-seong Shin, comes after 11 months of investigation into the collapse of Terra.

France mulls fast-tracking registered crypto firms to new EU rules

France's financial regulator is weighing up “fast track” options for registered firms so they can be compliant with MiCA rules as soon as possible.

‘Crypto is dead in America’: Tech billionaire Chamath Palihapitiya

Palihapitiya did concede the crypto sector has “pushed more boundaries” than other startup sectors which may have attracted the SEC’s attention.

Judge approves taps on SBF’s parents’ phones to meet bail conditions

Surveillance software installed on Sam Bankman-Fried’s parents’ phones will track every minute of their activity across browsers, messaging and calls.

Coinbase files court action to compel SEC’s response to rulemaking petition

Coinbase is looking to force the SEC to respond to its rulemaking petition seeking rules for the crypto industry that's been pending since July 2022.

District 9 director’s shooter, Decentraland red-light district battle: Web3 Gamer

Trouble in Decentraland’s red light district, “no mercy” for Vulcan Forged autoclickers, District 9 director’s immersive blockchain shooter.

Draft bill suggests separating legislation on payment stablecoins and digital asset markets

The draft bill no longer included aspects of an earlier version that included legislation of custodial service providers and algorithmic stablecoins, as well as a CBDC study.

German regulators launch inquiry into ChatGPT GDPR compliance

Germany becomes the latest European nation to officially question OpenAI’s compliance with GDPR.

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