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jolinejones90

@jolinejones90

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The SEC’s Crypto Assets and Cyber Unit, formed in 2017, brought enforcement actions against fraudulent and unregistered crypto asset offerings and platforms. The unit was replaced by the Cyber and Emerging Technologies Unit (CETU) on Feb. 20.
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“We also want to know more about the previous SEC’s infamous Crypto Assets and Cyber Unit within the Enforcement Division – what was their budget, how many employees worked on it, how much did those employee hours cost?”
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“We know the previous SEC’s regulation-by-enforcement approach cost Americans innovation, global leadership, and jobs, but how much did it cost in taxpayer dollars? “ Grewal said.
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The crypto exchange also seeks information on how many employees worked on the enforcement actions, how many third-party contractors were used, and how much it all cost.
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“In many cases, they said you also have to sign a thing that says you will never work in crypto again,” he added. “By the way, this agreement, you can’t really talk about it publicly because there’s a non-disparagement clause.”
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On Feb. 26, Bybit confirmed that forensic reviews conducted by Sygnia and Verichains revealed that “the credentials of a Safe developer were compromised [...] which allowed the attacker to gain unauthorized access to the Safe(Wallet) infrastructure and totally deceive signers into approving a malicious transaction.”
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However, the funds’ utility is currently limited because they are only permitted to hold Bitcoin and Ether. Eventually, they both aspire to hold a diversified portfolio comprising numerous crypto assets, pending regulatory approval.
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https://warpcast.com/b85599842/0x87026783
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https://warpcast.com/b85599842/0x9562d6d8
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Low interest rates are a positive catalyst for crypto prices as access to cheap credit encourages investors to borrow money and buy assets, thus propping up market prices.
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Chairman Powell recently told the Senate Banking Committee that the central bank does not need to rush to cut interest rates — much to the chagrin of investors hoping for a lower rate environment in 2025.
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President Trump previously said that he wants rates to drop to spur the United States economy and lower the federal government’s annual interest payments on the $36 trillion national debt.
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The $570 million investment plummeted by well over 99% and was worth only $670 in June 2024 — a major hit to any company’s balance sheet and ability to pay back its loans.
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The collapse of 3AC sent shockwaves through the crypto industry, affecting all crypto firms exposed to the now-defunct crypto hedge fund.
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The settlement is the latest chapter in the legal saga of Genesis, which filed for Chapter 11 bankruptcy protection in January 2023 due to a 2022 default by Three Arrows Capital — a former borrower of Genesis.
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The money laundering charge was part of a superseding indictment not initially filed as part of the eight-count indictment against Kwon in March 2023. Prosecutors filed the indictment under seal in May 2024, and a judge ordered it unsealed amid Kwon’s court appearance on Jan. 2.
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Ripple obtained in-principle approval from the Dubai Financial Services Authority within the DIFC. Meanwhile, in the ADGM, prominent companies such as Blockdaemon, Circle, Paxos and eToro made significant expansions or relocations, attracted by the region’s clarity and business-friendly climate. Tether’s USDt was listed as an accepted token in ADGM.
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Regulatory clarity has a gravitational pull, and in 2024, it drew significant market players to the UAE. Heavyweights like Binance, Crypto.com, OKX and Bybit received VASP licenses, expanding the range of services available, from exchange and lending to derivatives trading.
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The updated framework aims to close regulatory gaps, improve oversight of high-risk sectors, increase customer due diligence (CDD) measures, enforce stricter reporting obligations and implement tighter rules for businesses.
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The proposed rules, introduced by the Australian Transaction Reports and Analysis Center (AUSTRAC), follow on the heels of amendments to the AML/CTF Act passed by parliament in November.
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