🕵️♀️ Coinbase Faces SEC Investigation Over Cryptocurrency Listings
Plus: The race to build a social media platform on the blockchain, Bipartisan Bill to Regulate Stablecoin Is Delayed Until September, and more…
Coinbase Faces SEC Investigation Over Cryptocurrency Listings. Coinbase Global Inc. is facing a US probe into whether it improperly let Americans trade digital assets that should have been registered as securities, according to three people familiar with the matter. The US Securities and Exchange Commission 's… (Allyson Versprille / Bloomberg)
The race to build a social media platform on the blockchain. It's easy to be skeptical of the big social media giants — they typically sell user data to advertisers and have been mired in controversy for their approach to content moderation. Web3… (Anita Ramaswamy / TechCrunch)
Bipartisan Bill to Regulate Stablecoin Is Delayed Until September. WASHINGTON—U.S. House lawmakers are delaying consideration of a bipartisan bill to regulate so-called stablecoins, according to people familiar with the matter, pushing back consideration of the measure until after Congress' August break. (Andrew Ackerman / Wall Street Journal)
Alibaba scales back global expansion plan to rival Amazon. Chinese ecommerce giant fails to hit target of signing up million local US businesses while dozens of staff leave New York office We'll send you a myFT Daily Digest email rounding up the latest Alibaba news every morning. Alibaba's push to rival… (Eleanor Olcott / Financial Times)
If Someone Is Prattling On About Spam On Twitter And How That Helps Elon Musk, Send Them This Article. We've explained the details of Twitter's case against Elon Musk and the legal issues at play multiple times, but for reasons I don't fully understand, the general narrative on Twitter seems to be that Elon is likely to win the case, and it's… (Mike Masnick / Techdirt)
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