Trump Promises to Embrace ‘Industries of the Future’ Including Crypto, AI
Donald Trump reiterated his promise to make the U.S. the crypto capital of the world if re-elected president during public remarks Thursday
Regulations
UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval
The FCA approved only four of the 35 applications it received in the year ended March 31.
French President Macron Names Michel Barnier as Prime Minister
The 73-year-old Barnier represented the European Union in the Brexit negotiations with the U.K.
Robinhood’s Former Ban on Crypto Withdrawals Draws $3.9M Settlement in California
Robinhood’s crypto-trading subsidiary used to prevent customers from withdrawing the tokens they bought. Though Robinhood Crypto LLC abandoned that policy in 2022, on Wednesday its past practices earned a $3.9 million slap on the wrist from the state of California.
Uniswap Labs Settles CFTC Charges Over ‘Illegal’ Margin Products
Uniswap Labs will pay $175,000 to settle charges it offered illegal leveraged and margined commodities transactions, a CFTC press release said.
Nigerian Court Postpones Decision on Gambaryan Bail Application
The next bail hearing has been scheduled for Oct. 9.
Japans Financial Regulator Mulls Taxing Crypto as a Financial Asset
A change in the regime could result in lower taxes for some crypto investors.
Crypto-Fan Deaton Gets Chance to Battle Elizabeth Warren for U.S. Senate
The hope of crypto enthusiasts weary of industry pushback from Sen. Elizabeth Warren (D-Mass.) remains alive after the crypto sector’s top candidate, lawyer John Deaton, won the Republican primary in Massachusetts and a chance to face Warren in the general election.
Qatar Brings in Crypto Rules Framework in a Sign of Web 3 Development in the Middle East
The framework includes recognition of smart contracts, licensing for crypto companies, property rights in tokens and custody arrangements among other issues.
Extremely Unlikely WazirX Customers Will Be Made Whole in Crypto Terms: Legal Advisers
It is extremely unlikely that WazirX customers will be made whole in crypto terms through the restructuring, legal advisers of the Indian cryptocurrency exchange said.