The defense team for the Terraform Labs founder has asked a court to dismiss the request since Kwon is already in Montenegrin custody.

The comment came during an appearance before the U.S. House Financial Services Committee on Wednesday.

In a letter to Gensler, Reps. Mike Flood, Tom Emmer, Wiley Nickel, and Ritchie Torres called the SEC’s approach to handling spot bitcoin ETF applications “inconsistent and discriminatory.”

In terms proposed by the attorneys in a letter to the court, Bankman-Fried would obey a gag order prohibiting him from speaking with anyone outside his legal team, parents or brother.

The analysts believe that catalysts over the next year trump the crypto regulatory uncertainty, including recent deferrals of spot bitcoin ETFs, and interest rate worries that have unsettled investors.

The comment came during an appearance before the U.S. House Financial Services Committee on Wednesday.

In a letter to Gensler, Reps. Mike Flood, Tom Emmer, Wiley Nickel, and Ritchie Torres called the SEC’s approach to handling spot bitcoin ETF applications “inconsistent and discriminatory.”

Ether and other altcoins were largely in negative territory. Yet a markets analyst struck an optimistic note about cryptos’ medium- and long-term prospects.

BTC and most major altcoins spent Thursday in the red, joining equities in a swoon as investors worried over the prospect of at least one more Federal Reserve rate hike.

The foundation behind the Layer 2 blockchain said the sale of 116 million OP tokens was for “treasury management purposes.”

The U.S. central bank is expected to leave the Federal funds rate unchanged on Wednesday but may indicate that it is going to raise rates again later this year.

On-chain sleuths estimate crypto exchange CoinEX hot wallets have been drained of $27 million worth of crypto in a suspected hack.

EURC, which is pegged one-to-one with the euro, is already available on Ethereum and Avalanche.

The Arbitrum Foundation has officially taken ownership of the 69 million ARB tokens that users failed to claim before the deadline.

The DeFi project suspended deposits and withdrawals after confirming that its cloud service provider was targeted by hackers.

This week in crypto: Tether defies its own commitments, Gemini and DCG’s legal tussle intensifies, Balancer Protocol faces another security breach, and more!

Danny Yang and Bill Tai, cofounders of Metagood and creators of OnChainMonkey, discuss why they will migrate their 10K NFT collection from Ethereum to Bitcoin and what might be in store for Ordinals.

Ring signatures are cryptographic digital signatures that can provide transactional anonymity for cryptocurrency users. 

On-chain sleuths estimate crypto exchange CoinEX hot wallets have been drained of $27 million worth of crypto in a suspected hack.

Customers of Fireblocks, such as Revolut and BNY Mellon, will be able to launch non-custodial wallets that can have gated access to Web3 services.

Danny Yang and Bill Tai, cofounders of Metagood and creators of OnChainMonkey, discuss why they will migrate their 10K NFT collection from Ethereum to Bitcoin and what might be in store for Ordinals.

Titled “Ancora,” the first runway show under Sarno’s creative leadership took place on a Milan runway as well as across three virtual platforms:

This week in crypto: SEC tightens grip on celebrity-endorsed projects, DCG proposes recovery plan, CoinEx encounters significant security breach, and more!

Stoner Cats, an NFT project turned cartoon series starring Mila Kunis and Ashton Kutcher, settled with the SEC following lawsuit.