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Google is set to enforce stricter requirements for UK crypto advertisers, mandating FCA registration for crypto exchanges and software wallet providers starting January 2025. However, hardware wallets can advertise without registration if they only store private keys. This policy update, effective January 15, applies globally and follows a history of evolving regulations in the crypto advertising space. In late 2023, Google also announced that ads for “Cryptocurrency Coin Trusts” will be permitted starting January 29, coinciding with the SEC's approval of spot Bitcoin ETFs for trading.
In a discussion with Amanda Tuminelli, chief legal officer of the DeFi Education Fund, the implications of U.S. money transmission laws on crypto developers are examined, particularly in light of cases like Tornado Cash. Tuminelli highlights the risks associated with Section 1960, emphasizing the critical nature of custody and control, while noting that varying legal interpretations are fostering uncertainty in the crypto innovation landscape.
Haliey Welch, known as the Hawk Tuah girl, has emerged after a 372-hour silence to announce her cooperation with a law firm suing the creators of the failed HAWK meme coin, which collapsed shortly after launch. Despite her involvement as a face of the project, her spokesperson claims she had no control over it and received only a fixed sponsorship fee. The lawsuit, filed by 12 plaintiffs alleging over $151,000 in damages, does not list Welch as a defendant, a strategic decision by the law firm to expedite potential recovery for investors.
At the Blockchain Association Summit, Marta Belcher, president of the Filecoin Foundation, discussed pivotal legislation and regulatory changes impacting the future of cryptocurrency. She highlighted the prospects for the passage of FIT21 and stablecoin legislation, the ongoing debate regarding stablecoin backing, and the potential for new agency leadership to foster a more supportive environment for crypto companies in the U.S.
Luigi Mangione, charged with the murder of UnitedHealth Group CEO Brian Thompson, has been placed in the same Brooklyn jail as FTX founder Sam Bankman-Fried, who is serving a 25-year sentence for his role in the crypto exchange's collapse. Additionally, hip-hop artist Sean "Diddy" Combs, facing racketeering and sex trafficking charges, is also housed at the facility and has hired one of Bankman-Fried's lawyers for his appeal.
Haliey Welch has resurfaced to address the fallout from the Hawk Tuah meme coin, which plummeted 90%, resulting in $151,000 in investor losses. A lawsuit has been filed against the creators, alleging the token was fraudulently marketed as an unregistered security. Despite the backlash and internet ridicule, Welch stated her commitment to assist the legal team representing affected investors.
Hailey Welch, the influencer behind the viral 'Hawk Tuah' TikTok video, is cooperating with lawyers after allegations of a rug pull involving the HAWK memecoin, which saw a rapid rise to $500 million before plummeting 90%. Although not named in a lawsuit against the project's creators, Welch urged affected investors to seek legal counsel, emphasizing her serious approach to the situation. The SEC's stance on tokens as securities may impact potential legal outcomes as regulatory changes loom.
The EU's upcoming MiCA crypto regulations are reshaping the digital token market, particularly impacting stablecoins like Tether’s USDT, which many exchanges have delisted to comply. Experts warn that these regulations may reduce market liquidity and make the EU less appealing to traders, as USDT is crucial for transactions and cross-border transfers. While Circle has secured the necessary e-money license, Tether has not, potentially leading to its removal by the end of the year, amid concerns over illegal activities associated with USDT.
Investors of Haliey Welch’s HAWK memecoin have filed a federal lawsuit against the project's creators, alleging a pump-and-dump scheme after the token's value plummeted over 95% shortly after launch. The suit claims unlawful promotion and sale without proper registration, leading to significant investor losses. The defendants include Tuah The Moon Foundation, OverHere Ltd, and promoter Alex Larson Schultz.
The potential U.S. government shutdown could hinder the SEC's ability to meet a crucial January deadline in its lawsuit against Ripple, raising hopes for a resolution that may benefit XRP. Analysts predict a bullish price trajectory for XRP, especially if the SEC case concludes, with significant whale activity indicating increased interest. Technical analysis suggests key price levels for XRP, with a long-term target of $5.85 if bullish momentum continues.
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