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Laws, regulators, court cases, enforcement, politics.
The Defiant reports that the SEC filed two New York lawsuits against Cryptoaiml and TSAI over alleged $15 million AI trading scams. The suits allege investors were shown fictitious profits and pressed for more money when they tried to withdraw.
Cointelegraph reports that seven commissioner seats at the SEC and CFTC will be empty after Friday, leaving few leaders to oversee aspects of the $3 trillion crypto industry.
Sen. Tim Scott (R-S.C.) says Democrats killed the Clarity Act and argues they should act in the interest of the people they represent rather than political calculations, consultants and special interests.
The CEO of Ondo Perps said there is a 'huge opportunity' for perpetual futures in the US market under a different model. The comment comes as US regulators and several firms test how perpetual futures could enter domestic markets.
Cointelegraph reports that Greece joined the EU MiCA register with four providers, and that HCMC expanded its denial of remarks attributed to officials in a report on Binance.
The Defiant reports that SEC staff revised a Sept. 25 FAQ answer on token buybacks to make the absence of centralized control an explicit condition.
Posts report that Aiden Pleterski, described as Canada's 'Crypto King', will represent himself at his fraud trial, with the judge saying he will raise objections on his behalf. One post also states he was allegedly behind a crypto Ponzi scheme between 2021 and 2022 that resulted in a kidnapping and related criminal charges.
Senator Sarah Hanson-Young invited the OpenAI and Anthropic CEOs to a Canberra hearing on October 1, following an OpenAI agent's access to Australia's Medicare data that went undisclosed for months.
Cointelegraph reports that the SEC announced updates on how federal securities laws could apply to token issuers, following similar guidance from the CFTC, after a failed cloture vote on the CLARITY Act.
Cointelegraph reports that the crypto PAC Fairshake is spending on media opposing the Democratic candidate in Ohio's Senate race, with an initial $30 million pledge. The spending is described as a possible repeat of crypto industry spending in 2024.
The Block reports that SEC Commissioner Hester Peirce is wrapping up her last week at the agency after nearly a decade and reflected on what she still wanted to get done.
The ESMA chair said MiCA's focus is shifting from rulemaking to supervision, with attention on CASP resilience, outsourcing and reverse solicitation, per Cointelegraph.
The SFC and AFRC signed a new MoU extending financial reporting, audit and compliance cooperation to licensed virtual asset service providers, according to Cointelegraph.
California Governor Gavin Newsom signed legislation barring public officials from issuing meme coins and exchanges from listing tokens tied to politicians, according to Decrypt. The Block reports Newsom also signed other bills, including one on restitution for crypto scam losses.
SEC staff issued guidance stating that announcing a token buyback on a functional network does not turn the token into a security, according to Decrypt. One attorney described the shift as making securities laws look "opt-in."