DOJ Upholds SBF Accusations Despite Insufficient US Crypto Laws
Counsel for Sam Bankman-Fried argued that FTX was not located in the United States, and since SBF complied with regulatory obligations regarding FTX US, charges related to FTX international should not apply. The United States Department of Justice (DOJ) filed a court motion on October 4, arguing that the absence of crypto regulations in the […]
U.S. Representative Introduce Crypto Oversight Bill
U.S. Representative Don Beyer introduced the Off-Chain Digital Commodity Transaction Reporting Act. This legislation protects investors from market manipulation, conflicts, and fraud. According to the new plan, every trading platform must record all transactions in a repository registered with the Commodity Futures Trading Commission (CFTC). Senator Beyer said: “As consumers increasingly turn to large digital […]
U.S. SEC Quickens Launch of Ethereum Futures ETFs
Before the government shut down, the U.S. Securities and Exchange Commission (SEC) hastened the release of Exchange-Traded Funds (ETF). The Exchange-Traded Funds (ETF) launch is being accelerated by the U.S. Securities and Exchange Commission (SEC) before a potential U.S. government shutdown. According to Bloomberg analysts, the Valkyrie Bitcoin and Ether ETF could go live next […]
Hong Kong Tops Crypto-Ready Region Again
Hong Kong again topped the Crypto Readiness Report for 2023 with a Crypto Readiness Score (CRS) of 8.36. This rating has been led by Hong Kong for two years. The report, which evaluated several factors, including cryptocurrency infrastructure, accessibility, and legal support, disclosed that Hong Kong faced formidable competition from other leading nations. Switzerland notably […]
US and Vietnam Sign Billion-Dollar AI Chip and Tech Partnerships
To advance the artificial intelligence, semiconductor, and cloud computing industries, the U.S. and Vietnam sealed billion-dollar agreements and partnerships. According to remarks made at a joint press conference, the United States and Vietnam signed billion-dollar business agreements and partnerships on September 11 to advance cooperation in artificial intelligence (AI) and other technologies. The move is […]