SBF claims innocence, contradicts other witnesses: Law Decoded
Sam Bankman-Fried was the final witness to take the stand after more than three weeks of testimonies in court.
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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.
Crypto Biz: Elon Musk’s X targets financial services, PacWest emergency rescue and more
This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more.
ChatGPT maker OpenAI hit with class-action lawsuit over alleged data theft
AI technology has gained a lot of traction over the past year, with the European Union and the United States already proposing legislation to regulate the nascent tech.
JPMorgan to acquire troubled First Republic Bank
Banking giant JPMorgan will take over the assets of the troubled First Republic Bank after its seizure by the California Department of Financial Protection and Innovation.
California approves blockchain-based digital wallet for gov’t services
Santa Cruz voted to approve the use of a blockchain-based digital wallet for government services and official documentation and is set to begin a pilot program in July 2023.
Texas’ gold-backed digital currency project: Law Decoded, April 3–10
While Ted Cruz and Ron DeSantis attack the idea of American CBDC, Texan lawmakers propose to create a statewide one.
US state regulators announce $10M settlement with Robinhood ‘for failing investors’
The investigation looked into complaints of Robinhood's system outages, causing users to miss out on trades while many of the platform's services were unavailable.
BlockFi to provide over $100K in refunds to California clients
At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn't need to, according to court documents.
California regulator launches complaint-based crypto scam tracker
The regulator receives thousands of consumer and investor complaints about possible crypto scams each year, and it appears it’s done something with the information.