Almost three years after the SEC filed a complaint involving allegations with the Gemini Earn product, the crypto company and regulator said they had reached a potential deal.
Turner Wright
Turner Wright is a senior policy reporter at Cointelegraph, focusing on US laws and regulations related to digital assets. He writes features and news stories for the website and Cointelegraph Magazine, and is sometimes featured in one of the publication’s podcast series. He holds a bachelor’s degree in aerospace engineering from the University of Texas at Austin and started as a freelance journalist covering issues in Japan and around the world, joining the Cointelegraph team in 2020. Turner has no crypto holdings above Cointelegraph’s disclosure threshold of $1,000.
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SEC, Gemini Trust reach agreement over crypto lending dispute - News
Super PAC backing ‘pro-crypto candidates‘ raises $100M Newly formed Fellowship PAC claims “over $100 million” from undisclosed backers to push pro-crypto policy; an FEC filing shows no contributions reported yet.
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Strategy’s Bitcoin stash hits $73B with 638,985 BTC in treasury The purchase as part of the company’s accumulation strategy started in 2020 has resulted in Strategy holding more than $73 billion worth of BTC.
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OpenAI, Microsoft reach restructuring agreement over for-profit arm The company signaled it would need the green light from California and Delaware policymakers as part of the restructuring plan.
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US court to hear arguments for Sam Bankman-Fried’s appeal on Nov. 4 Almost two years after Sam Bankman-Fried was sentenced to 25 years in prison for his role in the downfall of crypto exchange FTX, the former CEO's lawyers will return to court.
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Early Bitcoiner Charlie Shrem to auction Bitcoin Magazine Issue #1 and other items On the 10-year anniversary of his early release from federal prison, Charlie Shrem announced the auction of several items related to Silk Road and Bitcoin's early days.
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Prospective CFTC chair releases private texts with Winklevoss twins, hours before IPO The text chain revealed questions the Gemini co-founders sent Brian Quintenz in July that signaled they were looking for certain assurances regarding enforcement actions.
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Alabama state senator warns GENIUS Act could harm small banks Sate Senator Keith Kelley of Alabama echoed concerns made by some banking groups after the passage of the GENIUS Act in July.
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US Senate committee advances Trump’s ‘crypto-friendly’ Fed pick Stephen Miran has made few public statements on crypto or blockchain, but signaled in interviews before joining the Trump administration that he would support digital assets.
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Eric Trump scaling back role at crypto firm ALT5 Sigma The initial deal between ALT5 and World Liberty Financial included Eric Trump being on the company’s board of directors.
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Voters head to polls in Virginia race backed by crypto spending The Protect Progress PAC spent more than $1 million to support James Walkinshaw in a primary for the congressional seat, in a race that could narrow Republicans’ House majority.
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US Senate Democrats offer competing framework for crypto market structure The group of 12 senators stressed the need for a bipartisan solution to market structure as Republicans on the banking committee plan to pass a bill this month.
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US SEC crypto task force to tackle financial surveillance and privacy The task force has already conducted roundtables to address issues related to digital asset regulation while proposing changes to the commission's rules.
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Kazakhstan’s president calls for national crypto reserve, digital asset law by 2026 The president announced his “CryptoCity” plans would be developed in Alatau, while the government would move forward to create a strategic crypto reserve with “promising assets.”
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Ex-Celsius CEO set to start 12-year prison sentence this week Alex Mashinsky pleaded guilty to two felony counts in December, admitting in court to making false statements about the platform’s Earn Program.
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Nasdaq approves SOL Strategies listing for next week The Canadian company makes inroads into US markets with a Nasdaq listing on Sept. 9, moving trading from its over-the-counter venture market.
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Trump Media closes Crypto.com deal to build $6.4B CRO treasury Trump Media said it would purchase 684.4 million CRO tokens as part of a deal with the exchange following a joint venture to create a crypto treasury.
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Wyoming stablecoin to launch on Hedera, still not available to purchase The FRNT stablecoin, backed by the US state of Wyoming, reportedly went live on seven blockchains at its August launch.
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SEC’s agenda proposes crypto safe harbors, broker-dealers reforms The proposed rule changes potentially affecting SEC guidelines on broker-dealers, custody and reporting could allow crypto companies to operate in the US with less oversight.
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ECB president calls to address risks from non-EU stablecoins Lagarde urged EU lawmakers to close gaps in regulating foreign-issued stablecoins, warning of redemption risks and euro outflows without stricter equivalence regimes.
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US Fed to hold conference on digital assets amid challenges to leadership While Fed Governor Lisa Cook attempts to argue against her dismissal in court, the central bank said it will hold an October event to address innovation in payments.
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US regulator grants Polymarket relief on event contract reporting rules The Commodity Futures Trading Commission issued a no-action letter to a crypto derivatives exchange and clearinghouse acquired by Polymarket after a July request for relief.
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Ethereum Foundation to sell 10K ETH for R&D, grants, and donations The roughly $43-million Ether sale will be one of the latest actions by the foundation following the rollout of its treasury policy in June.
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Solana’s Alpenglow upgrade clears governance vote for implementation The Solana overhaul is expected to decrease transaction finality to 150 milliseconds — increasing the speed by about 100-fold.
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Trump family’s World Liberty stake surges to $5B after token unlock The crypto company tied to the US president and his family unlocked 24.6 billion tokens, making their holdings worth about $5 billion.
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What to expect with US crypto policy as Congress comes back in session According to some Republican lawmakers, the first crypto-related priority in the Senate will be to pass legislation for market structure.
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Kalshi hires crypto influencer John Wang to lead digital assets arm The $2 billion prediction market faces CFTC scrutiny while expanding into Bitcoin deposits and betting big on new leadership to grow its crypto strategy.
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US court grants brief stay in Coinbase lawsuit involving biometric data The judge suggested that a brief stay while awaiting a ruling in a similar case in the appellate court could “reduce the burden of litigation.”
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US court signs off on $13M BlockFi settlement after objection withdrawn After a BlockFi investor withdrew an objection filed in February, a judge appeared to clear the way for the next step in a settlement of a class-action lawsuit.
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Interpol coordinates crackdown on illegal Angola-based crypto miners A mining ban went into effect in the African nation in April 2024, followed by Chinese officials warning residents not to “support or engage in virtual currency mining activities.”