💬🇺🇸 Will Trump and Harris Address Crypto Tonight?
In today’s edition: 🏛 Congress tackles DeFi, while the White House's stance remains unclear, 🗳️ Starknet's STRK token gains ahead of important vote, and more!
Transform financial services through DeFi & Tokenization at Meridian 2024. Stellar Development Foundation’s annual conference will take place in London, UK, from October 15 to 17. Learn More.
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Are All Crypto Funds Basically Engaging in Illegal Activity Now?
Uniswap Labs and Galois Capital have settled with, respectively, the CFTC and the SEC, but crypto lawyer Larry Florio says these small settlements could set bad precedents for the rest of the industry.
The SEC and CFTC’s recent actions against Uniswap and Galois Capital could mark a turning point in crypto regulation. With both firms settling on relatively low fines, are we witnessing regulators establish precedent for a broader crackdown on the industry?
In this episode, Larry Florio, general counsel at 1kx, delves into the implications of these settlements, the frustrations asset managers face with regulatory compliance, and whether the SEC’s approach could push the crypto industry into a corner. Will these actions set a precedent for more aggressive enforcement ahead?
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.
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What’s Poppin’?
by Veronica Irwin, Sage Young and Jason Brett
The Harris-Trump Debate: Will the Candidates Discuss Crypto?
Crypto is not a top issue for voters, according to polls, and the Trump campaign may believe it’s already secured the support of mega donors and single-issue voters within the industry.
Congress Is Having Its First Hearing on DeFi. What Does the White House Think of It?
Congress begins hashing out DeFi policy on Tuesday as the White House’s policy approach to DeFi lets regulators send mixed messages to the industry.
Starknet’s STRK Up 15% In Past Week Ahead of First Community Governance Vote
STRK token holders will be voting on an important aspect of how new STRK tokens will be minted.
Daily Bits… ✍️✍️✍
💸 Pantera, ParaFi, and other crypto funds have purchased Metaplex tokens from the FTX estate, acquiring a significant portion of the tokens originally held by the bankrupt exchange.
😬 Investors lost a record $5.6 billion to crypto-related scams in 2023, with investment fraud being the most costly, accounting for $4 billion of the total losses, according to an FBI report.
⚖️ A judge issued a temporary stay in the CFTC-Kalshi election contract dispute, halting Kalshi's congressional control contracts until a hearing later this week.
📊 Following Telegram founder Pavel Durov's arrest, the TON network has seen a significant increase in transactions and active addresses, despite a sharp 30% drop in the token's price.
🗳️ Snapshot is launching Snapshot X, a new onchain voting protocol on Starknet, enabling decentralized governance voting without the need for bridging.
The $$$ Corner…
💰 Solana-based platform DRiP secured $8 million in seed funding, which will be used to launch a mobile app and enhance its creator tools.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 3.2%, trading at $57,079
ETH is up 1.2%, trading at $2,347
BTC dominance: 53.7%
Crypto market cap: $2.1T
*All data as of today, 06:10 am ET. Source: CoinGecko
Recommended Reads
Economist Lyn Alden’s September 2024 Newsletter: Why Nothing Stops This Fiscal Train
Investment firm Asymmetric’s Market Update
What does the future of Solana look like? By Web3 analyst Stacy Muur
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