The plan was ruled out despite rumors that FTX 2.0 could be restarted. FTX CEO John J. Ray III said in June 2022 that the company had begun soliciting parties interested in restarting the FTX.com exchange and could rebrand. However, FTX lawyer Andrew Dietderich told the judge at a hearing in January 2024 that the restart plan was put on hold after failing to find investors willing to put in the money.
A judge ruled on Thursday that the CFTC exceeded its authority by blocking the prediction market Kalshi from listing contracts related to the U.S. election, and Ritchie Torres, a New York Democrat and crypto-friendly lawmaker, said in a letter to the CFTC's chairperson, Rostin Behnam, that the CFTC should "accept the ruling and move forward," noting that many election markets have existed for years but that "trading platforms are less secure and lack oversight." Torres wrote: "This...
On September 12, according to people familiar with the matter, members of the European Central Bank's governing council have not ruled out the possibility of a rate cut in October, even if it is unlikely. Given the downside risks to euro zone economic growth, officials would prefer to keep the option of lowering borrowing costs at the meeting. After the ECB president's press conference earlier today, investors reduced their bets on the ECB raising interest rates next month. They now put the like...
Thailand's Constitutional Court ruled on the 14th that Prime Minister Saita was unconstitutional and sacked him immediately. Last week, Thailand's Securities and Exchange Commission (SEC) launched a sandbox for cryptocurrency-related businesses. Tanawat Sutunthivorakoon, CEO of Bitazza Thailand, said the incident had minimal impact on digital asset regulation.
District Judge Analisa Torres for the Southern District of New York has ruled that Ripple's programmatic sales of XRP to retail customers through its trading platform did not violate federal securities laws. But Ripple's 1,278 institutional sales violated securities laws and imposed a $125.035 million fine, well below the $1 billion in recovery and pre-judgment interest and a $900 million civil penalty required by the SEC. Although the case is said to be closed, the Securities Exchange Commissio...
French President Emmanuel Macron has ruled out resigning before the end of his term.
The Office of the Privacy Commissioner for Personal Data has completed an investigation into the Worldcoin "Worldcoin" project. The Privacy Commissioner Chung Lai-ling has ruled that the operation of "Worldcoin" in Hong Kong violates the Privacy Ordinance, and has issued an enforcement notice to stop the collection of iris and facial images of the public through iris scanning devices. The results of the investigation revealed that "Worldcoin" violated the data protection principles of the Privac...