⚡️ News Flash - 09 Aug 2024 !

1️⃣ OKX Takes Action Against Tornado Cash Users, Terminates Accounts
OKX CEO Star Xu announced that accounts interacting with Tornado Cash will be terminated to enhance compliance with international sanctions and improve financial integrity.

2️⃣ Donald Trump Jr. to Launch Crypto Platform to Challenge Traditional Banks
Donald Trump Jr. plans to develop a DeFi platform to tackle banking access inequality, though specifics and timing are not yet clear.

3️⃣ IRS Revises Crypto Brokerage Tax Form, Excludes Wallet Address Request
The IRS has updated the draft of Form 1099-DA for crypto transactions, set to start in 2025. The new draft removes details like wallet addresses and transaction IDs.

4️⃣ Coinbase Criticizes CFTC Proposal to Ban Election Bets
Coinbase criticized the CFTC's proposed rule to ban certain event contracts, saying it could stifle innovation. The rule targets prediction markets on sensitive topics but might affect broader markets. Coinbase a…