US crypto industry needs band-aid now, 'long-term solution' later — Uyeda

US crypto industry needs band-aid now, 'long-term solution' later — Uyeda

Acting SEC Chair Mark Uyeda encouraged crypto market participants to share “where exemptive relief may be appropriate.” A fast-tracked temporary crypto regulatory framework could bolster innovation within the US crypto industry while permanent regulations are still in the works, says acting US Securities and Exchange Commission (SEC) chair Mark Uyeda. “A time-limited, conditional exemptive relief…

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Feds, SEC charge app maker with fraud, saying ‘AI’ service was Philippine workers

Feds, SEC charge app maker with fraud, saying ‘AI’ service was Philippine workers

US authorities allege the Nate app was not powered by artificial intelligence but actually overseas human workers who manually processed transactions. US authorities have charged a tech app founder with fraud, alleging that his advertised artificial intelligence-powered e-commerce app actually relied on human workers in the Philippines. Albert Saniger of Barcelona, Spain, founder and former…

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21Shares files for spot Dogecoin ETF in the US

21Shares files for spot Dogecoin ETF in the US

Crypto asset manager 21Shares has made an initial filing with the US Securities and Exchange Commission for a spot Dogecoin ETF, following rivals Bitwise and Grayscale. Digital asset manager 21Shares has filed with the US Securities and Exchange Commission to launch a spot Dogecoin exchange-traded fund, following similar filings from rivals Bitwise and Grayscale. The…

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