Security News

United States appellate court judges have grilled lawyers for the Commodity Futures Trading Commission and betting platform Kalshi at a hearing reviewing a lower court ruling on plans to launch political betting markets. The Sept. 19 hearing at the DC Circuit Court of Appeals heard arguments from CFTC general counsel Rob Schwartz and Kalshi’s counsel, Jones Day […]

The United States Securities and Exchange Commission (SEC) has settled with decentralized finance (DeFi) protocol Rari Capital and its co-founders for allegedly misleading investors and unregistered broker activity. According to a Sept. 18 announcement, the SEC claimed that Rari Capital’s Earn and Fuse pools “functioned like crypto asset investment funds,” allowing investors to deposit crypto assets in […]

Colin Butler, Global Head of Institutional Capital at Polygon Labs, believes that real-world asset tokenization for institutional clients may be the killer application for cryptocurrencies because it dramatically reduces costs and settlement time — becoming increasingly difficult for traditional financial institutions to ignore. “This technology is a massive disruptor for the entire global financial system,” […]

The mother of Tigran Gambaryan, a Binance executive detained in Nigeria since February, has been calling on the United States government to end her son’s detention in the country. In a Sept. 18 interview from California news outlet KMPH Fox 26, 75-year-old Knarik Gambaryan urged US authorities to take action to secure Tigran’s release from […]

Accounting firm Prager Metis has agreed to settle with US Securities and Exchange Commission charges of misconduct related to audits of the now-defunct crypto exchange FTX. According to a Sept. 17 announcement, the firm will pay $745,000 in penalties to settle to resolve two actions. The SEC claims that Prager misrepresented compliance with auditing standards […]

Two Republican lawmakers are demanding United States Securities and Exchange Commission Chair Gary Gensler answer questions about the classification of crypto airdrops by the end of the month. Representative Tom Emmer and House Financial Services Committee Chairman Patrick McHenry said in a Sept. 17 letter to Gensler that they’re concerned after the SEC made “assertions about airdrops” in various […]

Former Alameda Research CEO Caroline Ellison, set to face a sentencing hearing on Sept. 24, may receive a lenient sentence after a recommendation from United States prosecutors. In a Sept. 17 filing in the US District Court for the Southern District of New York, US Attorneys wrote to Judge Lewis Kaplan to inform him of […]

A group of artificial intelligence scientists is urging nations to create a global oversight system to prevent potential “catastrophic outcomes” if humans lose control of AI. In a statement released on Sept. 16, a group of influential AI scientists raised concerns that the technology they helped develop could cause serious harm if human control is lost. “Loss […]

Two former staff members from the United States Securities and Exchange Commission (SEC) will testify at a Sept. 18 hearing on the politicization of crypto regulation. In a Sept. 13 notice, the US House Subcommittee on Digital Assets, Financial Technology and Inclusion said they would hold a hearing titled “Dazed and Confused: Breaking Down the SEC’s Politicized […]

The Bank for International Settlements’ (BIS’) Project Agora has progressed to the design stage with the onboarding of 41 private financial firms. The project, launched in April by the BIS and seven central banks, is looking at how tokenized commercial bank deposits can be integrated with tokenized wholesale central bank digital currencies (CBDCs) on a […]