The commissioner advocated public and stakeholder engagement through rulemaking, not just enforcement.

Bitcoin liquidates $23M in shorts as BTC price tags new September high
https://cointelegraph.com/news/bitcoin-liquidates-shorts-btc-price-new-september

Bitcoin speculators get burned as BTC price action delivers an overnight spike, only to reverse direction and give back all its gains.

Coinbase Advanced’s Moheeth Alvi sees pro traders as next wave of crypto users
https://cointelegraph.com/news/coinbase-advanced-s-moheeth-alvi-sees-pro-traders-as-next-wave-of-crypto-users

Alvi says the company is focused on bringing the next billion users to crypto, and attracting pro traders is a major part of its plans.

ChatGPT web traffic drops for third consecutive month in August
https://cointelegraph.com/news/chat-gpt-web-traffic-drops-third-consecutive-month-august

Web traffic from users worldwide for OpenAI’s ChatGPT declined during the summer months, which could be linked to university-aged users out of school.

SEC urges court to grant Ripple Labs appeal citing ‘knotty legal problems’
https://cointelegraph.com/news/sec-urges-court-to-grant-ripple-labs-appeal

The SEC highlighted contradictory conclusions from similar cases, along with other pending decisions as some of the contentious legal issues.

Congressman Tom Emmer seeks amendment to limit SEC's crypto oversight
https://cointelegraph.com/news/congressman-tom-emmer-seeks-amendment-to-limit-sec-crypto-oversight

Emmer intends to introduce an appropriations amendment that will limit the SEC's utilization of funds for digital asset enforcement until comprehensive rules and regulations are put in place.

Nifty News: NFT restaurant crumbles, Binance NFT ends Polygon support and more
https://cointelegraph.com/news/nifty-news-nft-restaurant-crumbles-binance-nft-ends-polygon-support-and-more

The restaurant was being built alongside a private members lounge that was only open to people who bought NFTs, but rising construction costs ultimately halted the project.

Senators unveil bipartisan blueprint for comprehensive AI regulation
https://cointelegraph.com/news/senators-unveil-bipartisan-blueprint-for-comprehensive-ai-regulation