CRYPTOCURRENCY AND TECH: THE WEEK IN VIEW
Coinbase and Ripple dominate the cryptocurrency news this week, as paypal also continues to make the headlines
Coinbase Launches Non-profit to Advance Crypto Legislation
Coinbase is launching a nonprofit organization to promote favorable cryptocurrency policies globally.
The Stand With Crypto Alliance, a 501(c)(4) organization, focuses on advancing US legislation for crypto industry access and innovation.
PayPal Announces Alex Chriss as the New CEO & President
PayPal has appointed Alex Chriss, former EVP of Intuit, as its new CEO & President. Chriss led Intuit’s major acquisition of Mailchimp, expanding their reach and customer base, and will take over from current CEO Daniel Schulman on Sept. 27.
DOJ Slams FTX Founder SBF with New Indictment
Fox Business reporter Eleanor Terrett has revealed that the U.S. Department of Justices' Criminal Division has filed a superseding indictment against Sam Bankman-Fried, the founder of FTX.
The indictment alleges that Bankman-Fried engaged in using over $100 Million in illegal campaign contributions.
Elon Musk accepts Mark Zuckerberg Challenge
Elon musk has accepted Mark Zuckerberg’s Challenge for their much anticipated Billionaire fight to proceed. The TESLA and SpaceX CEO made the revelation on X after Zuckerberg had threatened to pull out of the fight for Musk’s lack of seriousness.
Coinbase Obtains Regulatory Approval to Offer Crypto Futures Trading
Coinbase has secured regulatory approval to offer crypto futures trading services to eligible U.S. customers. The milestone makes Coinbase the first crypto-native leader to combine traditional spot crypto trading with regulated and leveraged crypto futures.
Caroline Ellison’s List of ‘Things Sam Is Freaking Out About’ could be used in Trial
Prosecutors are preparing to utilize personal notes and diary entries belonging to Alameda Research CEO Caroline Ellison as evidence against Sam Bankman-Fried, the co-founder of FTX, in his upcoming criminal trial.
In a filing made on August 14, prosecutors indicated their intention to present a selection of Ellison’s personal notes and to-do lists, which include entries like “Things Sam is Freaking Out About.”
Ripple Labs Opposes SEC Move to File an Appeal
Ripple has Filed its abrupt rejection of the SEC’s request for permission to file an appeal in the ongoing lawsuit. Ripple claims that the SEC has failed to provide any justification for their labeling of XRP as a security.
Former SEC Official Comments on Binance.US’ Request for Protection
A former official from the SEC John Reed Stark has commented on Binance US’ request, stating that while protective orders are common in litigation, the outcome of this request depends on the court’s assessment of the situation. The request for a protective order aims to safeguard sensitive information during legal proceedings.