#Kraken denies allegations of violating securities laws.

Senator Lummis opposes SEC's unclear rules, urges explicit #regulations for #crypto.
https://coinpedia.org/news/u-s-senator-criticizes-secs-approach-to-kraken-case-cites-customer-impact/

#Binance settles $4.3 billion with #CFTC for unregistered trading, leading to Zhao's resignation.

CFTC warns globally, signaling a transformative era for U.S. #crypto #regulations with zero tolerance. #cryptonews? https://coinpedia.org/news/crypto-crackdown-cftcs-strong-stance-on-crypto-exchanges/

Representative Tom Emmer proposed a budget amendment, restricting SEC funds for #crypto enforcement.

Emmer criticized the SEC's lack of #crypto #regulations, using #Ripple's case to challenge regulatory overreach.
https://coinpedia.org/news/ripples-legal-triumph-sets-precedent-for-crypto-industry-u-s-rep-proposes-funding-restriction-on-sec/

The European Union navigates #AI #regulations, focusing on safeguarding startups, addressing societal risks, especially #ChatGPT.

Marathon EU negotiations result in AI regulations agreement, involving Commission, Parliament, 27 countries, aiming for global #AI control. https://coinpedia.org/news/eus-bold-move-to-control-chatgpt-and-ai-industry/

Vivek Ramaswamy champions #crypto in 2024 presidential race, criticizes SEC, emphasizes need for updated #regulations.

#Crypto takes center stage in U.S. politics; candidates clash over #CBDCs, signal policy shift.
https://coinpedia.org/news/crypto-chaos-in-the-2024-elections-ramaswamy-leads-a-revolutionary-charge/

Senator Elizabeth Warren deems #cryptocurrencies a major threat, introducing legislation for stricter #regulations.

Geopolitical tensions, like the Israel-Hamas conflict, amplify concerns about #crypto's anonymity, prompting regulatory discussions.
https://coinpedia.org/news/crypto-is-a-threat-out-there-says-us-senator-elizabeth-warren/

South Korea's regulators express concerns about US Spot #BitcoinETFs, considering risks to financial stability.

In July 2024, South Korea plans transparent rules and #regulations for virtual assets, impacting global #crypto.
https://coinpedia.org/news/south-korea-stands-strongly-on-crypto-etf-ban-despite-us-approval/

🔵Top #CryptoNews of This Week #Cryptocurrency


1️⃣ #Solana network experienced a 52+ minute outage, halting transactions and affecting smart contracts and projects.

2️⃣ #MicroStrategy boosted #Bitcoin holdings by 31,755 in Q4 2023, reaching a total of 190,000. Revenue dipped 6.1%, but remained profitable.

3️⃣ US SEC introduced rules for #DeFi liquidity providers. DeFi Education Fund criticized. SEC Chair defended changes, emphasizing investor protection.

4️⃣ South Korea enforced new #regulations on #crypto to curb illegal activities, aiming to safeguard assets and protect consumer interests.

5️⃣South Korea investigated #OKX for operating without registration. Crackdown aimed to foster safe, regulated #cryptomarket with stricter enforcement.

6️⃣ #Ethereum prepared for #Dencun upgrade, set for March 13. Expected to improve performance, scalability, could affect $ETH prices.

7️⃣ #Ripple's CTO David Schwartz, in an interview with Tony Edward, founder of Thinking Crypto, suggests a "reasonable chance" of SEC vs Ripple case conclusion this year raising community hopes.

8️⃣ #Hacken discovered a connection between the Ripple chairman's hack and the XRP official wallet. 213 million XRP ($112.5m) was stolen, suggesting someone from inside was involved.

9️⃣ Former #FTX CEO, Sam Bankman-Fried, ordered to appear in court by US Judge Lewis Kaplan on February 21, 2024.

🔟 #Grayscale, a major digital asset management firm, reportedly sold $41 million worth of Bitcoin amid #Bitcoin's price surge.

South Korea unveils plan for stricter #crypto #regulations to combat money laundering, enhance oversight. #CryptoNews

Measures include preemptive transaction suspension system, aligning with international guidelines, and proposed legislative amendments.
https://coinpedia.org/news/south-korea-unveils-ambitious-crypto-regulations-in-2024-work-plan/

Breaking: Hong Kong's Crypto Crackdown on Over the counter(OTC) #crypto outlets #CryptoNews

🔵As per Recent Press Release by DL News Hong Kong considers crackdown on #cryptotrading shops amid concerns over fraud and illegal activities.

🔵Proposed regulations would require licenses, local offices, and transparent transaction data from OTC shops.

🔵The initiative aims to subject OTC outlets to Anti-Money Laundering and Counter-Terrorist Financing Ordinance #regulations.

🔵Traders would need licenses, disclose ownership, while peer-to-peer trading remains outside regulatory scope.

The UK plans comprehensive #crypto legislation within six months, covering #stablecoins and staking services.

Staking to be reclassified, ensuring it's not seen as a collective investment; #regulations aim for transparency. #cryptoNews
https://coinpedia.org/news/uk-govt-to-launch-crypto-and-stablecoin-regulations-in-the-next-6-months/

SEC vs. #Ripple lawsuit unfolds, influencing #XRP's future and potentially reshaping #cryptocurrency #regulations globally.

Timeline speculates legal proceedings from 2024 to 2033, ranging from district courts to Galactic Senate involvement.
https://coinpedia.org/news/crypto-influencer-share-a-realistic-outlook-of-what-might-happen-in-ripple-lawsuit/

Top #CryptoNews In Last 12 Hours

1️⃣ #Circle discontinues minting #USDC on Tron network to maintain trust, urges users to transfer holdings elsewhere.

2️⃣ Japanese #GameFi community seeks Liberal Democratic Party's help to address liquidity issues caused by strict #crypto #regulations.

3️⃣ #MicroStrategy's Michael Saylor plans to perpetually buy Bitcoin, deeming it superior to gold, real estate, predicting capital shift & has no plans to sell #Bitcoin holdings.

4️⃣ #Binance imposes USDT price cap in Nigeria to comply with local regulations, prompting traders to seek alternatives.

5️⃣ Japan's Financial Services Agency clarifies stance on #P2P crypto transfers, urging banks to prevent sender-receiver name discrepancies to curb fraud, emphasizing investor protection.

Galaxy Digital CEO Novogratz predicts #Bitcoin dip to $42,000 due to #regulations but remains optimistic for long-term growth.

#ETFs could attract major wealth players like baby boomers, driving future growth, says Novogratz. #cryptonews
https://coinpedia.org/news/galaxy-digital-ceo-warns-of-possible-bitcoin-drop-to-42000-amid-market-uncertainty/

In a landmark move, the #Crypto Council for Innovation stands with #Coinbase against the #SEC, fighting for clearer crypto #regulations.

This legal battle could shape the future of crypto in the US.

https://coinpedia.org/news/crypto-council-backs-coinbase-by-filing-amicus-brief-against-sec-over-regulatory-clarity/

#Stablecoin adoption lags despite clear #regulations, with analysts projecting $2.8 trillion market in four years.

Majority of #stablecoin transactions driven by bots and traders, highlighting infancy of organic payment activity. #CryptoNews
https://coinpedia.org/news/visas-data-shows-over-90-of-stablecoin-transactions-in-april-emanated-from-crypto-bots/

#Ripple CEO confident in lawsuit, predicts SEC loss, emphasizes clarity in #regulations, and long-term investments. #Crypto

Garlinghouse forecasts $5 trillion #cryptomarket, suggests #XRP price increase, criticizes SEC Chair Gary #Gensler.
https://coinpedia.org/news/ripple-vs-sec-brad-garlinghouse-is-bullish-on-ripples-win-in-xrp-lawsuit/

#Altcoins surged due to #Bitcoin's rise and positive #crypto #regulations in key countries. #Cryptomarket

Top #altcoins like #Chainlink and #memecoins anticipate significant gains amid bullish sentiment.
https://coinpedia.org/news/top-altcoins-on-the-cusp-of-bullish-breakout-in-the-coming-weeks/

Will SAB 121 Shape the Future of #Crypto #Regulations?

Will the Tokenization Reporting Act Revolutionize #CryptoMarkets?

What to Expect from Two Major Congressional Hearings on June 5th?

#CryptoNews #Cryptobill

Click Here to Read Below 👇
https://coinpedian.substack.com/p/two-major-congressional-hearings