Societe Generale to support 21Shares Crypto ETPs: Growing Blockchain Ambitions?

Societe Generale, the world’s 19th-largest banking conglomerate by assets, is partnering with cryptocurrency asset manager 21Shares to provide liquidity for its crypto-based exchange-traded products (ETPs) in European markets. As part of the partnership, Societe Generale will provide liquidity and market-making services for 21Shares’ cryptocurrency ETPs for investors in Germany and Eastern Europe. The European banking…

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Finder Earn Compliant with Financial Law, Australian Federal Court rules

The Australian Federal Court ruled in favor of fintech company Finder.com, clearing it and its yield-generating product, Finder Earn, in a legal battle with the Australian Securities and Investments Commission (ASIC) that lasted almost three years. In a Thursday court decision, Justices Stewart, Cheeseman and Meagher confirmed a previous judgment that Finder Wallet and Earn…

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Pump.fun Lawsuit Alleges $5.5B Slot Machine-Like Scheme

An amended class-action complaint filed in the Southern District of New York alleges that memecoin platform Pump.fun operates as a “front-facing slot machine cabinet” in an enterprise that extracted more than $5.5 billion from users through deceptive digital asset schemes. The lawsuit, filed on Wednesday, names Pump.fun’s operators, including pseudonymous developer Bernie, parent company Baton…

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Crypto Entrepreneurs Are Fleeing America, But We Can Bring Them Back

Opinion by: Senator Tim Scott and Senator Cynthia Lummis The US Congress recently took a major step toward reclaiming the United States’ leadership in financial innovation. The bipartisan GENIUS Act passed — a landmark bill that establishes the first-ever federal framework for payment stablecoins. It’s a milestone for consumer protection, national security and American competitiveness…

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Online Pastor Indicted for $3.4M Crypto Scam

A Denver, Colorado-based online pastor and his wife were indicted Tuesday on charges related to a cryptocurrency fraud scheme that raised more than $3 million from faith-based investors. Online pastor Eli Regalado and his wife, Kaitlyn, were indicted on 40 counts stemming from what Denver District Attorney John Walsh described as a “multi-million-dollar cryptocurrency scam.”…

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