Crypto founders increasingly look to ‘geofencing’ amid US uncertainty
Variant Fund chief legal officer Jake Chervinsky says geofencing is an extreme measure to ensure compliance with US law.
Variant Fund chief legal officer Jake Chervinsky says geofencing is an extreme measure to ensure compliance with US law.
A US federal judge found Rivetz and its CEO Steven Sprague sold unregistered securities when it offered an Ethereum-based token in 2017.
According to PANews, Federal Reserve Chair Jerome Powell expressed optimism about the U.S. economy achieving a soft landing during his speech at the National Association for Business Economics (NABE) annual meeting in Nashville. Powell indicated that the process of lowering interest rates would be further 'readjusted' based on upcoming economic data.Powell stated, 'By appropriately adjusting our policy stance, the labor market can remain resilient in an environment of moderate economic growth and inflation steadily returning to target.' He emphasized that the overall economic conditions are favorable and that the Federal Reserve intends to use its tools to maintain this status.If the economy continues on its current trajectory, Powell anticipates two additional 25 basis point rate cuts this year. This outlook contrasts with market expectations, which have been betting on a more aggressive rate-cutting cycle.
According to BlockBeats, on October 1, Federal Reserve Chair Jerome Powell stated that if the economy progresses as expected, there will be two more rate cuts this year, totaling 50 basis points.
According to Blockworks, the SEC has settled its case with Mango Markets, a Solana-based DeFi platform accused of trafficking in unregistered securities. As part of the settlement, Mango DAO and the related Blockworks Foundation will pay nearly $700,000 in penalties, destroy their MNGO tokens, and remove Mango Markets' native token from other trading platforms. This decision follows a DAO vote a month ago to allow for an SEC settlement and a recent vote to settle with the CFTC, indicating that Mango DAO may face additional settlement costs soon.The SEC's scrutiny of Mango Markets intensified after Avi Eisenberg allegedly exploited the platform in 2022, making off with $110 million through a
According to BlockBeats, on October 1, the President of the Federal Reserve Bank of Chicago, Austan Goolsbee, stated that lowering interest rates is an 'urgent priority.' He indicated that there will be multiple rate cuts in the future.
According to Odaily, TD Securities' Global Macro Strategy Head James Rossiter and his team have indicated that the European Central Bank (ECB) faces a challenging decision in October. Despite persistent inflation in the services sector and a robust job market, recent data shows inflation below the target. However, TD Securities anticipates that the ECB will proceed with another rate cut in October, followed by an accelerated pace of rate reductions.The report from TD Securities suggests that the ECB is expected to implement consecutive rate cuts of 25 basis points from October through March next year. This would bring the deposit rate down to a lower limit of 2.50%, six months earlier than previously forecasted.
According to BlockBeats, on September 30, European Central Bank (ECB) President Christine Lagarde stated that the ECB will not wait for all indicators to reach the 2% target before cutting interest rates. This announcement suggests a more flexible approach to monetary policy, potentially signalling earlier rate cuts than previously anticipated. Lagarde's comments come amid ongoing discussions about the ECB's strategy to manage inflation and economic stability in the Eurozone. The decision to adjust interest rates before achieving the 2% target reflects the ECB's commitment to responding to economic conditions promptly, ensuring that monetary policy remains adaptive and effective.
According to Odaily, Federal Reserve Governor Michelle Bowman has reiterated her previous statements regarding monetary policy. Bowman emphasized that the core inflation rate remains uncomfortably above the 2% target.
According to Foresight News, the Hong Kong Securities and Futures Commission (SFC) has granted ZA Bank an extension to its type 1 license, allowing the bank to engage in cryptocurrency trading. This development marks a significant step for ZA Bank as it expands its services into the virtual asset market.