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Donald Trump Vows to Oppose CBDC Creation In The U.S.
Former President Donald Trump pledged, if reelected, to resist any effort by the Federal Reserve to develop a central bank digital currency (CBDC). In a Wednesday campaign speech, Trump argued that such dollar-backed virtual money risks dangerous government overreach and control over Americans' financial lives. Trump warned the prospect of a "Fedcoin" or a digital......
Judge Roasts SEC’s Lawsuit Against Coinbase, Seeks Clarity on Securities Laws
The federal judge overseeing the high-profile lawsuit alleging U.S. crypto exchange Coinbase illegally offered securities pressed the SEC lawyers with tough questions during a Wednesday court hearing. Areas covered included defining securities, the legality of staking services, and whether the regulator is overreaching its authority. Judge Katherine Polk Failla of the New York Southern District......
$2 Billion in Long-Dormant Bitcoin On the Move Post ETF Approval
Nearly $2 billion worth of Bitcoin that had been stationary for over a decade unexpectedly changed wallets this week. The reason behind the sudden transfers remains unclear, but they came on the heels of regulatory green lights for multiple-spot crypto ETFs last week. Blockchain tracker Arkham Intelligence spotted 49 addresses consolidating 49,858 BTC across just......
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Gemini Gains Regulatory Clearance in France
Cryptocurrency exchange Gemini has secured official registration from French regulators to provide digital asset services in the country, according to CNBC. The authorization cements the growing allure of Europe as a prime destination for US crypto companies navigating stricter domestic oversight. Gemini wins regulatory green light from the French watchdog to serve both retail and......
🥛 3 major headwinds in crypto 🌪️
Today’s edition is brought to you by Shardeum - a linearly scalable EVM-based layer 1 blockchain that provides low gas fees forever while maintaining true decentralization and solid security.Scale with them now.GM. This is Milk Road. We're your crypto caddie – we carry the clubs and give you the best advice on the course.Here’s what......
Ethereum Dencun Testnet Upgrade Fails to Finalize As Expected
A highly anticipated trial run of the Ethereum Dencun upgrade deployed successfully on the Goerli test network on Wednesday but then failed to reach finalization as intended. The setback points to potential validation and software shortcomings ahead of deploying major network changes. Blockchain data shows the testnet upgrade was initiated around 6:32 UTC but did......
Sam Bankman Fried’s Parents Seek FTX Lawsuit Dismissal
The parents of convicted FTX founder Sam Bankman-Fried are working to defeat a lawsuit brought by the collapsed cryptocurrency exchange seeking the return of allegedly fraudulent asset transfers. Joseph Bankman and Barbara Fried have filed a motion to dismiss the FTX bankruptcy estate's complaint against them. In September 2022, FTX targeted Bankman-Fried's parents to recover......
Grayscale Transfers 9,000 BTC To Coinbase Prime As Bitcoin Hits $43,000
The Grayscale Bitcoin Trust (GBTC) moved an additional 9,000 Bitcoin worth over $387 million to cryptocurrency exchange Coinbase Prime on Tuesday. The trust has seen steady declines in assets under management since last week's approval of a Bitcoin spot ETF in the US. According to blockchain intelligence firm Arkham, Grayscale executed multiple transfers of 1,000......
SEC Agrees to Postpone Do Kwon Trial For Extradition Completion
The U.S. Securities and Exchange Commission has consented to delay the civil trial against Do Kwon, co-founder of the failed stablecoin TerraUSD, to allow time for his extradition. Kwon was scheduled to face trial over allegations he violated securities laws in the wake of the $40 billion Terra ecosystem wipeout. SEC filing agrees to adjourn......
