Nearly 50% of U.S. Investors Plan to Invest in Crypto ETFs: Charles Schwab Survey
Crypto was the leading asset class among millennial ETF investors, topping even stocks and bonds, the survey showed.Source
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SEC Sues Crypto Market Maker Cumberland DRW
The regulator alleged the company “bought and sold” crypto assets that were sold as securities, but did not register as a securities dealer.Source
Gary Gensler, We’re Gonna Miss You (Not)
The SEC Chair’s comments on crypto Wednesday did nothing to encourage anyone in the industry to believe he should continue in his position past this year.Source
Ripple Plans ‘Cross-Appeal’ in SEC Case
The SEC announced it was filing an appeal last week.Source
OKX Goes Live in UAE, Targeting TradFi Institutions, Retail Market
OKX, one of the four biggest cryptocurrency exchanges, has gone live in the UAE, Middle East General Manager Rifad Mahasneh said in an interview.Source
Heather ‘Razzlekhan’ Morgan Should Spend 18 Months in Prison, Prosecutors Tell Court
Prosecutors have requested that Heather Morgan – better known by her rap moniker “Razzlekhan” – be sentenced to just 18 months behind bars for her role in laundering 120,000 bitcoins stolen from Bitfinex in a 2016 hack.Source
Crypto for Advisors: Bitcoin and the American Dream
As bitcoin continues to gain traction as a financial asset, its role in reshaping traditional mortgages could mark a significant advancement for homeownership and the American Dream.Source
Ethena Picks BlackRock’s BUIDL, Mountain, Superstate and Sky’s USDS for $46M Tokenized RWA Investment
Ethena’s $46 million allocation fits into the growing trend of DeFi platforms and protocol foundations investing in real-world asset-backed products to earn a yield without leaving blockchain rails.Source
Ripple Expands Custody Business to Offer ‘Bank-Grade’ Service to Crypto Firms
The new features could allow companies to tokenize and manage real-world assets (RWAs) as well as other cryptocurrencies on XRP Ledger.Source
The U.S. Fell Behind in Crypto. It Cannot Afford to Fall Behind in AI
The U.S. digital assets industry has been stymied by ineffective regulation. Is the same thing about to happen with artificial intelligence? Calanthia Mei, co-founder of Masa, says it’s possible.Source