FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy lead
Ripple’s APAC policy director said the collapse of FTX is exactly why crypto needs to move away from "hype cycles" and towards "real utility."
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Coinbase seeks to join Ripple’s legal fight against the SEC
Crypto exchange Coinbase has filed documentation asking permission to help Ripple Labs in its ongoing legal battle with the SEC.
‘Secretly circulating’ draft crypto bill could be a ‘boon’ to DeFi
A crypto bill that industry advocates previously said would “kill DeFi” has seen an updated draft released online with one commentator saying the U.S. is “finally getting their act together.”
Prosecutors argue ‘insider trading’ claim in the OpenSea case is accurate
Federal prosecutors have argued against a claim made by the former OpenSea product manager that the term “insider trading” is “inflammatory.”
Draft US stablecoin bill would ban new algo stablecoins for 2 years
It’s reported the bills' definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price.
BitMEX co-founder Benjamin Delo avoids jail, receives 30 months probation
Delo was allowed to leave the country to travel to Hong Kong where he is a resident, bringing to a close his part in the legal saga which began in…
Human rights activists take aim at privileged crypto critics in letter to Congress
The group of 21 activists provided examples of how crypto assists people around the world, saying “tens of millions” rely on Bitcoin (BTC) and stablecoins as a way to access…
Aussie consumer group calls for better crypto regs due to ‘lagging laws’
Australian consumer group CHOICE outlined its crypto regulatory framework in a submission to the country’s Treasury calling for the new federal government to prioritize crypto in its financial services reforms.
Coinbase launches new crypto think tank to help shape policies
Coinbase’s new “crypto native think tank” features an advisory board of finance and law academics from top United States universities and will publish original research to shape policies around crypto.
SBF opens Aussie Blockchain Week as govt says we’re “open for business”
Sam Bankman-Fried, CEO of FTX, said the world is “very much” looking for a crypto hub in APAC, adding that other locations “haven’t played out”.