In this weekly roundup, we’ll cover:
SEC appeals Ripple case: The SEC has filed an appeal, arguing that its recent ruling conflicts with decades of Supreme Court precedent regarding securities law. Bitwise registers XRP ETF: Bitwise is moving toward offering an XRP-focused ETF, taking its first steps in Delaware. North Korean Cryptocurrency Intrusions: A CoinDesk investigation reveals how North Korean IT employees infiltrated more than a dozen blockchain companies. CFTC Subcommittee on Tokenized Stock: A CFTC subcommittee is advancing recommendations that would allow companies like BlackRock and Franklin Templeton to use tokenized stock as collateral. EigenLayer’s EIGEN Tokens Unlocked for Trading: EigenLayer has finally unlocked its EIGEN tokens for trading, but the launch has faced criticism over transparency regarding early investors. FTX Bankruptcy Plan Faces Criticism: FTX’s bankruptcy estate set aside $230 million for preferred shareholders, sparking dissatisfaction and leaving some creditors feeling cash-strapped. World Liberty Financial launches KYC: The Trump-backed cryptocurrency project has begun KYC verification with thousands of people signing up, but many investors are restricted by U.S. regulations. SEC Enforcement Director Grewal resigns: SEC Enforcement Director Gurbir Grewal has announced his resignation, and speculation surrounding his sudden resignation has sparked controversy. Binance founder CZ released: Binance founder Qiao Changpeng will be released after serving a four-month sentence. Mango Markets to Destroy MNGO Tokens: Mango Markets agrees to destroy MNGO tokens as part of SEC settlement. Fun Fact: Diddy and SBF’s Prison Connection: In an unexpected twist, Diddy and Sam Bankman Freed become prison friends and work for the same attorney. Subscribe for free to our weekly newsletter
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