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Regulations
House Votes to Erase SEC Crypto Policy While President Biden Vows Veto
The House of Representatives voted in favor of a resolution to oppose the SEC's crypto accounting policy, Staff Accounting Bulletin No. 121, as President Biden defends it.

UK Minister Says Government Only Has Time to Implement Stablecoin, Staking Legislation
Economic Secretary Bim Afolami said that the government could put through stablecoin and staking legislation in the coming weeks but will outline what more is coming later.

U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset Transactions
The New York Innovation Center of the Federal Reserve Bank of New York will act as a technical observer.

The Crypto Lawsuit State of Play
The industry is virtually flooding the courts with requests for clarity.

Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan
The new reorganization plan must first be approved by a Delaware bankruptcy court.

Former NFL Star Rob Gronkowski to Pay $1.9M to Settle Crypto Investor Suit
The NBA's Victor Oladipo and racecar driver Landon Cassill also struck deals, and a group of Voyager investors said this was the "first tranche" of settlements with promoters of the former cryptocurrency lender.

Crypto Mixers Targeted in U.S. House Democrats' Effort to 'Clamp Down' on Money Laundering
New legislation is on the way to target mixers as money-laundering tools, according to Rep. Sean Casten, who also highlighted Tether as the favorite token for illicit finance.

U.S. DOJ Identifies and Charges LockBit Ransomware Gang Leader with Fraud, Extortion
The U.S. State Department is offering a $10 million reward for information that leads to the apprehension of 31-year-old Russian national Dmitry Khoroshev.

Poll: Most People Cringe About Crypto, But Enough Care to Warrant Politicians' Attention
A survey of swing-state voters shows that as many as 21% of them are serious about crypto policies, though more than two thirds of people distrust the digital-assets movement.

Australia’s Tax Office Tells Crypto Exchanges to Hand Over Transaction Details of 1.2 Million Accounts: Reuters
The ATO said the data will help identify traders who failed to report their cryptocurrency-related activities.
