U.S. Doesn’t ‘Need More Digital Currency’ Because It Has the Dollar, Says SEC’s Gensler

Gensler’s comments follow landmark suits filed this week against Binance and Coinbase.Source

Swift and Chainlink Will Test Connecting Over a Dozen Financial Institutions to Blockchain Networks

In a new set of experiments Swift will collaborate with major financial market institutions like Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear and Lloyds Banking Group.Source

Bitcoin-Denominated Life Insurance Provider Sets Up Shop With $19M Funding

Meanwhile’s target audience is U.S. citizens with large BTC holdings, an audience from which it has “seen a lot of early demand.”Source

Bankers Shopping FTX’s ‘Hundreds of Millions of Dollars’ Stake in AI Startup: Report

At the time of its bankruptcy last November, FTX may have owned as much as $500 million worth of stock in Anthropic, the creator of ChatGPT rival Claude.Source

Coinbase Violated State Securities Laws With Staking Program, Alabama Regulator Alleges

The crypto exchange is facing scrutiny from a task force of ten U.S. state securities regulators after getting sued by the SEC on the same day.Source

Altcoins Dip Following Second SEC Lawsuit Against Crypto Exchange

The SEC’s lawsuit against Coinbase named thirteen altcoins as securities.Source

EU ‘Crypto Security’ Debate Turns New MiCA Law on Its Head

An EU study published last week has reopened a debate over whether digital assets should be regulated as securities – though lawmakers appear to favor a tailored approach.Source

SEC Sues Coinbase on Unregistered Securities Exchange Allegations

The U.S. Securities and Exchange Commission (SEC) sued U.S crypto exchange Coinbase on allegations of violating federal securities law, a day after filling a similar suit against Binance.Source

First Mover Americas: Crypto Markets Stay Down Following SEC Suing Binance

The latest price moves in bitcoin (BTC) and crypto markets in context for June 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Optimism-Based Velodrome Token Slides Nearly 8% Ahead of Major Upgrade

Velodrome’s upgrade is slated for June 15 and is a complete overhaul of the protocol.Source