Exchange news & regulation
Events that can change exchange risk.
Regulation, licence status, enforcement, ownership, security incidents and market infrastructure.
Image: theblock.co via LBankNew York Attorney General Warns Proposed Clarity Act Threatens State Fraud Prosecution Powers
According to reporting by LBank News and originating from The Block, New York Attorney General Letitia James submitted written testimony warning that the federal Clarity Act would dilute state-level investor protection authorities. This development, which remains not officially confirmed by direct legislative bodies, highlights intense legislative pressure as Washington lawmakers attempt to secure a Senate floor vote.
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Regulation, ownership and market infrastructure
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theblock.co via LBankNew York Attorney General Warns Proposed Clarity Act Threatens State Fraud Prosecution Powers
According to reporting by LBank News and originating from The Block, New York Attorney General Letitia James submitted written testimony warning that the federal Clarity Act would dilute state-level investor protection authorities. This development, which remains not officially confirmed by direct legislative bodies, highlights intense legislative pressure as Washington lawmakers attempt to secure a Senate floor vote.
CoinDeskSecuritize Capital registers with the SEC as an investment adviser
The registration adds an investment-advisory entity to Securitize’s existing regulated infrastructure, positioning the group to advise asset managers and institutions on tokenized and onchain investment strategies.
Fanatics Inc.Fanatics agrees to acquire a CFTC-registered exchange and clearinghouse
Fanatics agreed to acquire Water Street Labs, a CFTC-registered designated contract market, and CX Clearinghouse from BGC to operate federally regulated prediction-market infrastructure.
Unsplash / Norbert BraunThai SEC files criminal complaint over Bitkub reporting after a 1.7 billion baht cyberattack
Thailand’s SEC says a May 2021 cyberattack removed customer assets in 16 cryptocurrencies and alleges that Bitkub and former directors submitted reports that did not reflect the material change.
decrypt.co via LBankSearchable NYC Property Database Puts Wealthy Residents at Risk, Critics Warn
According to reporting by LBank News citing decrypt.co, a searchable database derived from New York City property assessment records has sparked severe backlash from prominent crypto figures. Critics argue that organizing public tax information into an accessible digital directory creates significant privacy vulnerabilities and physical security risks for affluent individuals and digital asset holders. This development, which remains not officially confirmed by independent municipal cybersecurity audits, highlights ongoing anxieties regarding physical safety and data exposure.
Crypto Economy
Kraken parent Payward agrees to acquire Magic Labs’ wallet infrastructure business
Payward signed a definitive agreement to acquire Magic Labs’ wallet-as-a-service business, adding embedded non-custodial wallets to the infrastructure group behind Kraken.