Author: CryptooTimes
Uniswap Labs, the company behind the decentralized exchange Uniswap, has issued a response to the Wells Notice from the U.S. Securities and Exchange Commission. Meanwhile, Uniswap’s native token UNI has surged 2.0% over the last 24 hours and 37% over the week to hit $9.48. Uniswap Labs Criticizes SEC’s Legal Basis In a blog post on May 21, Uniswap Labs criticized the SEC’s basis for the notice, calling it “weak.” The firm compiled a number of reasons why the agency’s pursuit of legal action needs to be reconsidered. Uniswap noted that the SEC based the notice on the assumption that…
Trading in Metaplanet’s stock was halted for two consecutive days by the Tokyo Stock Exchange due to a significant price surge, following the company’s adoption of a bitcoin investment strategy similar to Microstrategy’s, which led to a 158% increase in its share price over the last week. The company’s stock price rally, which rose 127% […] Source link
CNBC contributor and crypto investor Brian Kelly said Solana is one of the “big three” coins, meaning it’s likely to be the next to receive ETF treatment. Source link
The U.S. House of Representatives passed legislation on Monday that will provide long-sought-after legal clarity around how crypto assets should be classified, registered, and custodied. The bill, titled the Financial Innovation and Technology for the 21st Century Act (FIT21), received near unanimous support from Republicans alongside 71 additional votes from Democrats, resulting in a final tally of 279 ‘yea’ to 136 ‘nay’. A ‘Historic’ Step For Crypto Regulation Crypto industry leaders widely praised the legislation as a first step towards clear, fit-for-purpose rules pertaining to digital asset trading and registration. “Americans want to know their representatives are protecting their rights…
The Hong Kong data regulator recently concluded that Worldcoin’s data collection methods and activities violated the region’s “privacy ordinance.” Privacy Commissioner Chung Liling has issued an enforcement notice requesting Worldcoin to cease data collection from Hong Kong residents. Worldcoin’s Excessive Data Collection Methods An investigation by the Hong Kong Office of the Privacy Commissioner for […] Source link
A return to the $73,000 price range for BTC will likely be met with short-term holder resistance but could also mark a turning point for the asset. Source link
Federal prosecutors are calling for a prison sentence of five to seven years for former FTX executive Ryan Salame, who has been implicated in its multibillion-dollar collapse. His defense team asserts that his punishment should reflect his role in exposing the fraud, pushing for a lighter sentence of no more than 18 months. Salame’s Defense According to a sentencing memo filed in federal court in Manhattan on Tuesday seen by Bloomberg, prosecutors emphasized the seriousness of Salame’s offenses. The memo stated, “The campaign finance offense is one of the largest-ever in American history, and the unlicensed money transmitting business exchanged more…
South African prosecutors are reportedly investigating co-conspirators of Mirror Trading International and may charge them with fraud or forgery. The declaration of the scheme as unlawful may have strengthened the National Prosecuting Authority’s case against the masterminds of Mirror Trading International. MTI Directors May Face Charges Under the Prevention of Organized Crime Act South Africa’s […] Source link
Prometheum’s willingness to play along with the SEC’s ambitions for crypto regulation has stirred disapproval in many quarters. Source link
Real-world assets, i.e. traditional financial products that are brought on-chain, is one of the fastest growing sectors in the digital asset space, to such an extent that BlackRock CEO Larry Fink thinks tokenization will soon eat the world. Founders of three of the hottest RWA startups, Centrifuge, Superstate and Maple Finance, will discuss where this transformation is heading. Source link
