“Operation AI Comply” is part of the US federal agency’s latest round of enforcement actions against companies it claims used AI to harm consumers.
Crypto Law Articles
Binance continues to serve Russian users despite 2023 exit
A spokesperson confirmed that Binance continues to serve a “limited number of existing Russian users” a year after announcing its full exit from Russia.
Dubai regulator tightens rules on crypto marketing
VARA CEO Matthew White said that clear and actionable guidance helps crypto providers deliver their services responsibly.
Proposed change could save Ethereum from L2 ‘roadmap to hell’
Critics say ETH is in a death spiral, with plunging fee revenue and extractive L2s. But researchers have a plan to Make Ethereum Great Again.
Bitcoin will ‘start ripping’ as Trump’s polls improve: Felix Hartmann, X Hall of Flame
The Millennial influencer, who was offered $10M by a billionaire to start a crypto fund, says Bitcoin will rip if Trump looks like winning.
Caroline Ellison asks to seal supporters’ info at Sept. 24 sentencing
A filing in federal court suggested that the former Alameda Research CEO had a sentencing hearing scheduled for Sept. 24 — the first in the FTX case since Ryan Salame’s in May.
Owner of unlicensed UK crypto ATM network faces criminal charges
The FCA is throwing the book at the head of Gidiplus Limited for operating an ATM network after being denied registration.
6% want to hear Harris and Trump talk about crypto at debate — Poll
The first and possibly only US presidential debate in 2024 will have the two candidates meeting in person for the first time.
tZero becomes 2nd FINRA-approved broker-dealer for digital securities
The company is following the steps of Prometheum, which now treats four cryptocurrencies as securities.
Digital Chamber calls for Congress to address SEC actions against NFTs
The CEO of OpenSea reported receiving a Wells notice from the SEC in August, suggesting that the commission could be taking a new regulatory approach to NFTs.
North Carolina Senate overrides governor veto, passes bill banning CBDC
A North Carolina Senate veto-busting vote saw 12 Democratic Party senators who initially voted for the bill to ban a CBDC switch to backing Governor Roy Cooper’s veto.
SEC crypto enforcement hits $4.7B this year, rising 3,000% from 2023
The SEC is having a record crypto enforcement year, bolstered by a $4.47 billion settlement with Terraform Labs and its former CEO, Do Kwon.