No mention of crypto in US Democratic Party’s 2024 platform
The 91-page party platform is expected to be passed on Aug. 19 in a vote from the Democratic National Convention.
The 91-page party platform is expected to be passed on Aug. 19 in a vote from the Democratic National Convention.
Kamala Harris seems to be trying to promise that she'll change her position on crypto if she's reelected to the White House, but her message is falling flat.
According to research commissioned by Coinbase, roughly 40% of young crypto holders in crucial swing states identify as Democrats — the same percentage as Republicans.
According to Anthony Scaramucci, crypto voters could swing the elections in favor of pro-crypto candidate Donald Trump.
Senator Scott Wiener defends California’s AI bill, SB 1047, against criticism from Nancy Pelosi and other policymakers, emphasizing the need for oversight beyond tech companies.
The US Treasury and Federal Reserve plan to redefine “money” used under the Bank Secrecy Act, as they aim to include cryptocurrencies and digital assets in new reporting requirements.
As the Turkish Capital Markets Board continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes.
According to Foresight News, the United States Securities and Exchange Commission (SEC) has filed charges against NovaTech Ltd. and its leaders, Cynthia and Eddy Petion, for orchestrating a cryptocurrency fraud scheme. The SEC alleges that the scheme deceived over 200,000 investors worldwide, including a significant number of Haitian Americans.The SEC's complaint outlines that under the leadership of the Petions, NovaTech was promoted as a multi-level marketing (MLM) and cryptocurrency asset investment program. The charges indicate that the company misled investors about the nature and potential returns of their investments, leading to substantial financial losses for many involved.This case highlights the ongoing regulatory scrutiny and legal actions taken by the SEC to protect investors from fraudulent schemes in the rapidly evolving cryptocurrency market. The SEC continues to emphasize the importance of due diligence and caution for investors considering involvement in cryptocurrency and MLM investment opportunities.
The lawyer’s claims spark questions about market stability amid the potential sale of Silk Road Bitcoin by the US Marshals.
According to U.Today, Ripple's chief legal officer, Stuart Alderoty, recently discussed the possibility of the U.S. Securities and Exchange Commission (SEC) appealing the court's decision regarding XRP's legal status. Alderoty mentioned that he would not be surprised if the SEC decides to appeal. However, he emphasized that XRP's classification as a non-security would remain unchanged despite any potential appeal. Judge Analisa Torres had previously ruled that the secondary sales of XRP were not securities, a decision that Alderoty insists will stand regardless of the SEC's actions.Earlier this month, Judge Torres issued a final judgment in the Ripple case, requiring the San Francisco-based company to pay $125 million in penalties. Despite the significant fine, Ripple viewed the outcome as a victory over the SEC, which it has criticized for years. Following the ruling, Alderoty appeared on CNBC, asserting that the SEC lost on all critical points. He also noted that the agency had sixty days to file an appeal.Bloomberg's senior litigation analyst, Elliott Stein, suggested that the Ripple case could have a positive impact on Coinbase's ongoing legal battle with the SEC. Alderoty echoed this sentiment, stating that the court's decision would significantly influence the broader cryptocurrency industry. He also criticized the SEC's approach to regulating the crypto sector, arguing that it had deviated from its primary mission. Despite the ongoing regulatory challenges, Alderoty expressed optimism that Ripple's legal victory would help the industry move forward.