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Donald Trump is preparing to host up to 220 people at his golf club who contributed to his bottom line through memecoin purchases. California Representative Maxine Waters, ranking member of the US House Financial Services Committee, has announced plans to introduce legislation “to block [Donald] Trump’s memecoin and stop his crypto corruption.” In a May…
The Senate is moving ahead on crypto regulation, and some senators have invested in crypto-related companies. As the question of stablecoin regulation heats up in the US Senate, so has the issue of which members are personally invested in cryptocurrencies and cryptocurrency firms. On May 19, the Senate voted to invoke cloture and move ahead…
UK judges rejected a $11.9 billion claim from BSV investors, ruling that they could have mitigated losses after Binance and others had delisted the token. The United Kingdom’s Court of Appeal has partially dismissed a lawsuit brought by Bitcoin SV investors against major crypto exchanges, including Binance, for allegedly conspiring to delist the token in…
A Block Earner spokesperson told Cointelegraph that ASIC’s case against the firm has escalated to a “broader legal question” around the definition of a financial product. Australia’s financial regulator will seek the High Court’s permission to appeal a lower court’s ruling favoring fintech firm Block Earner, which found the company’s crypto-linked fixed-yield earning service is…
Idle capital will be deployed onchain into real-world asset (RWA) projects, the asset manager said. VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph. The VanEck PurposeBuilt Fund, available only to accredited investors,…
Democratic members of Congress and organizations have announced two rallies and two press events ahead of a May 22 memecoin event at the US president’s golf club. Democratic leaning organizations and members of Congress have announced plans to protest what they describe as the sale of access to the office of the US president, in…
The GENIUS Act will legitimize stablecoins for institutional adoption and set a precedent for other global jurisdictions, according to the managing partner of DWF Labs. Stablecoin adoption among institutions could surge as the United States Senate prepares to debate a key piece of legislation aimed at regulating the sector. After failing to gain support from…
Crypto.com has secured a MiFID license to offer regulated crypto derivatives in the European Economic Area, expanding its presence in Europe following earlier MiCA approval. Mobile-first crypto exchange and payment platform Crypto.com secured a license allowing it to offer cryptocurrency financial derivatives in the European Economic Area. According to a May 21 announcement, Crypto.com secured…
South Korea’s financial regulator has finalized new crypto guidelines as the country moves to open its digital asset market to institutions. South Korea is tightening rules around digital asset transactions as it prepares to allow institutional players into its crypto market, introducing new guidelines for nonprofit crypto sales and stricter listing standards for exchanges. On…
Viral internet personality Haliey Welch says the FBI and SEC went through her phone after the disastrous launch of her memecoin, before ultimately clearing her of wrongdoing. Haliey Welch, better known as the “Hawk tuah girl,” says the Federal Bureau of Investigation briefly probed her after her “memecoin disaster” — the failed launch of a…