SEC Files Notice of Appeal in Case Against Ripple
The U.S. Securities and Exchange Commission announced it would appeal a federal judge’s ruling in its case against Ripple on Wednesday.
Policy
SEC Enforcement Director Gurbir Grewal Is Leaving the Agency
Gurbir Grewal, the U.S. Securities and Exchange Commission’s (SEC) director of enforcement, is stepping down and departing the agency, according to a Wednesday press release.
Fan Tokens Have Much Larger Market Than NFTs, Says Chiliz CEO as Blockchain Prepares New Memecoin ‘Pepper’
The Chiliz blockchain is aiming to become “the sports blockchain,” its CEO Alexandre Dreyfus told CoinDesk in an interview, while also calling out the disproportionate historical hype around NFTs in comparison to fan tokens.
Indiana Man Pleads Guilty to Stealing $38M in Crypto Via ‘Cyber Intrusion’
An Indiana man has pleaded guilty to taking part in the “cyber intrusion” of a Sioux Falls, South Dakota-based financial services company, during which he and unnamed co-conspirators hacked into the company’s servers, stole customers’ personal information, and then stole nearly $38 million in cryptocurrency from 571 victims.
U.S. Election Betting: Kalshi Preps Presidential Prediction Markets After Re-Launching Congressional Contracts
The CFTC “has failed to demonstrate that it or the public will suffer irreparable injury absent a stay pending appeal,” an appeals court said, clearing the prediction market to resume listing the contracts.
The Spectre of Sam Bankman-Fried Overshadowed Caroline Ellison’s Sentencing
Caroline Ellison, flanked by her attorneys, was sentenced to two years in prison and three years of supervised release for her role in propping up FTX and Alameda Research last week.
Bitwise Takes a Step Toward XRP ETF
Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking XRP, the token closely associated with crypto company Ripple.
Diddy Hires Sam Bankman-Fried’s (New) Lawyer
Sean “Diddy” Combs has hired Sam Bankman-Fried’s lawyer, Alexandra Shapiro, to appeal a New York judge’s decision to keep him locked up while he awaits trial for racketeering and sex trafficking charges.
‘Is Daddy on the Airplane?’ Jailed Binance Exec Gambaryan Family’s Ordeal in New Podcast
“Is Daddy on the airplane?” my son asked. Yuki Gambaryan, the wife of Binance executive Tigran Gambaryan, who is jailed in Nigeria tells of her family’s ordeal in a new podcast, “Designated.”
Founding Coin Center Chief Jerry Brito Stepping Down After Decade
Jerry Brito, the founding executive director of the venerable-for-crypto advocacy and research organization Coin Center will step down by the end of the year, he wrote in a post on the group’s website, adding that he’ll be retaining a board seat.