# California Gov. Newsom greenlights crypto regulation bill for 2025

# California Gov. Newsom greenlights crypto regulation bill for 2025

The bill will mandate cryptocurrency firms to adhere to licensing requirements, maintain financial records, and provide regulators with the authority to conduct audits. California Governor Gavin Newsom has approved a cryptocurrency bill that enforces stricter regulations on businesses conducting crypto operations, set to begin in 18 months.  In a statement published on October 13, Newsom…

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# Sam Bankman-Fried goes on trial: A week in review

# Sam Bankman-Fried goes on trial: A week in review

The trial of former FTX CEO Sam Bankman-Fried started on October 3. Four witnesses explained to jurors how $8 billion in funds from customers went missing. Luxury real estate, political donations, investments, and magazine covers. A year ago, that was the life of Sam Bankman-Fried, Assistant U.S. Attorney Thane Rehn remarked during the opening statements…

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#Watch live: Schumer gives remarks on stopgap funding bill

#Watch live: Schumer gives remarks on stopgap funding bill

Senate Majority Leader Chuck Schumer (D-N.Y.) is slated to deliver remarks Saturday evening after the Senate passed a stopgap funding measure first approved by the House, with more Democratic support than Republican. The bill keeps the government funded until Nov. 17. It keeps the FAA funded through year’s end. The “clean” continuing resolution notably lacks any funding…

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# Congressman Tom Emmer seeks amendment to limit SEC’s crypto oversight

# Congressman Tom Emmer seeks amendment to limit SEC’s crypto oversight

Emmer intends to introduce an appropriations amendment that will limit the SEC’s utilization of funds for digital asset enforcement until comprehensive rules and regulations are put in place. Tom Emmer, the Majority Whip of the U.S. House of Representatives, who has previously expressed concerns about the Securities Exchange Commission’s (SEC) actions in the cryptocurrency industry,…

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