Republican Sen. Tillis Calls for ‘Light’ Crypto Regulatory Framework Ahead of Presidential Election

Lawmakers on both sides of the aisle urged the need for new crypto laws on Tuesday, as Deputy Treasury Secretary Wally Adeyemo asked for “additional tools” to effectively crack down on illicit crypto financing.Source

DeFi Trader Eisenberg ‘Wasn’t Borrowing, He Was Stealing,’ Prosecutor Says in Opening Argument

The defense countered that Eisenberg “risked 13 million of his own dollars” to net $110 million from Mango Markets.Source

Lummis: Crypto Will Erupt as Big Issue in Senate Races Including Banking Chair Brown’s

U.S. Senator Cynthia Lummis (R-Wyo.) said that the high-stakes Ohio election that could decide both the Senate majority and the leadership of the Senate Banking Committee is likely to dig into cryptocurrency issues, and she encouraged industry insiders to make sure it does.Source

Venture Firm A16z Releases Jolt, a ‘Zero-Knowledge Virtual Machine’

The release is the product of a16z’s first foray into deep tech research.Source

Bitcoin Buckles Below $69K as Crypto Bulls Endure $175M Liquidations

Bitcoin is showing resilience despite the slip, but the corrective period might continue for a while before a return to growth, one observer noted.Source

Blockchain Developer Monad Labs Raises $225M Led by Paradigm

The company is looking to offer an Ethereum-compatible environment that’s faster than the original.Source

Solana-Based Zeta Markets Debuts Governance Token Z

The launch of governance token is part of a broader strategy that involves plans to release Solana’s first layer 2 scaling solution, Zeta Markets said in the press release.Source

Crypto Trader Eisenberg’s $110M Fraud Trial to Put DeFi Under Microscope

The two-week trial will test the government’s strategy of portraying complex crypto trades as simple fraud.Source

Stablecoin Growth Is More Important Cue for Crypto Bull Market Than Bitcoin ETF Inflows: Analyst

Rapidly expanding stablecoin supply shows that “fiat money is being moved into crypto at an accelerated pace,” 10x Research’s Markus Thielen said.Source

Crypto Market Cap to Double to $5 Trillion by Year-End: Ripple CEO

Brad Garlinghouse highlighted several macroeconomic factors behind the potential growth of the total crypto market value.Source