BackCrypto Firms Urge CFTC to Exempt Blockchain Developers and Non-Custodial Wallets from Regulation

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Cointelegraph2h agoBusiness

Crypto Firms Urge CFTC to Exempt Blockchain Developers and Non-Custodial Wallets from Regulation

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Phantom and Hyperliquid Policy Center asked the CFTC to exempt blockchain protocol developers and non-custodial wallet providers from regulations for traditional financial intermediaries, citing direct user transactions onchain.

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Coinbase's Chief Legal Officer, Paul Grewal, will move to an advisory role on July 31. Legal VPs Molly Abraham and Ryan VanGrack will take over as general counsel and vice chair, respectively. Grewal's successor will influence US crypto policy, following Coinbase's legal battles and advocacy for crypto-friendly legislation.

Cointelegraph

Developing·1h ago

AVAX One Technology Regains Nasdaq Compliance After Reverse Stock Split

AVAX One Technology announced it has regained compliance with Nasdaq's minimum bid price requirement after a 1-for-12 reverse stock split. The crypto treasury firm's shares closed above $1.00 for 10 consecutive days, resolving a listing issue.

Decrypt

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Bitdeer Technologies Group Shares Rise on Nevada Manufacturing Facility Announcement

Bitdeer Technologies Group announced a $36 million manufacturing facility in Nevada to assemble Bitcoin mining machines, expanding US production and potentially reducing reliance on third-party suppliers. Shares rose 14.1% on the news.

Cointelegraph

Developing·1h ago

New Hampshire Executive Council Rejects $100 Million Bitcoin-Backed Bond

New Hampshire's Executive Council voted 3-2 to reject a $100 million Bitcoin-backed municipal bond proposal. The decision halts a plan to use BTC collateral within a state-linked public finance structure, raising questions about public finance officials' readiness to legitimize crypto collateral.

CryptoSlate

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Bitcoin Miners' AI Pivot Faces Governance Scrutiny Over Insider Sales

Publicly traded Bitcoin miners are facing governance concerns as investors question insider stock sales during the AI infrastructure rally. Companies like TeraWulf and Riot Platforms saw executives sell shares, raising scrutiny amid a sector pullback.

Cointelegraph

Developing·5h ago

MARA Holdings Shares Rise on Plans for Texas AI and Bitcoin Mining Site

Bitcoin miner MARA Holdings announced plans to acquire a 1,200-acre site in Matagorda County, Texas, with access to up to 2 GW of electricity for AI computing and Bitcoin mining. The site is expected to double MARA's power capacity upon full energization.

Cointelegraph

Crypto Firms Urge CFTC to Exempt Blockchain Developers and Non-Custodial Wallets from Regulation

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