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- 06-09-2024
06-09-2024
Fernando Fierro
September 06, 2024
Howdy folks,
🔍💹 Uniswap recently settled with the CFTC, paying a $175,000 fine over allegations of unauthorized leveraged trading activities. Despite the legal challenges, Uniswap's native token UNI remains relatively stable, highlighting the market's resilience in the face of regulatory pressures.
With ongoing scrutiny from the SEC and other regulatory bodies, what's next for Uniswap and the broader decentralized exchange sector?
In other news:
💸📈 Coinbase Commerce is now facilitating crypto donations via Future Forward PAC, supporting Kamala Harris with Bitcoin, Ethereum, and other altcoins. Despite this move, prediction polls show Donald Trump leading Harris by over 5%, bolstered by his substantial crypto contributions and market ventures.
Harris' previous reluctance to engage with blockchain issues has sparked skepticism among crypto enthusiasts about her campaign's sincerity in adopting crypto-friendly policies.
🚫💸 The Federal Reserve has issued a cease-and-desist order to United Texas Bank over its anti-money laundering practices with crypto customers, intensifying scrutiny on U.S. crypto-friendly banks. The order mandates the bank to create a detailed plan to address oversight, customer due diligence, and internal controls within 90 days, highlighting significant regulatory pressures on crypto-banking relationships.
This crackdown not only limits financial access for U.S. crypto businesses but also pushes them to seek banking partners offshore, impacting the industry's growth.
🌍💳 Travala.com and Skyscanner have partnered to streamline crypto payments for travelers, integrating Travala’s 2.2 million hotels on Skyscanner’s platform. Travala users can now book with over 100 cryptocurrencies, enjoying perks like booking discounts and Bitcoin rewards through the AVA Smart Program.
This collaboration highlights the ongoing evolution of crypto from investing to mainstream utility, aiding broader adoption.
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