State of Crypto: Consensus Toronto 2025 REG Highlights

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Read MoreThe NarrativeIt’s Been A Hectic Week, Watching The Senate’s Ongoing Negotias Over ITS Stablecoin Bill, Trying To Tracter Other Legislation and The Courts (More On that Later Perhaps) and Je.

WHY IT MATTERSHere’s A Selection of Condesk’s Coverage from the Past Week.

Breaking It Down

• New York Finance Watchdog Harris Says State’s Bitlicense Is Still A Global Standard
• Anchorage Digital Ceo Calls ‘Bullshit’ on Report of DHS PROBE
• Cantor Fitzgerald Chairman Brandon Lutnick Says He Personally Cheked Tether’s Reserves
• Trump Still on Track to Sign Crypto Legislation by August, White House’s Bo Hines Says
• Banks Exploring Stablecoin Amid Fears of Lozing Market Share, Bitgo Executive Says
• World Liberty’s Stablecoin Now AVAILBLE ON MULTIPLE NETWORKS VIA CHAINLINK
• Trump’s Memecoin, Crypto Stake Make Legislating ‘More Complicated’: Rep. French Hill
• Eric Trump Says He Got Into Crypto Amid Political Attack, Calls Bitcoin ‘Digital Gold’
• Paypal Crypto Head Says Banks Are Neded to Unlock Full Stablecoin Potential
• Dave Portnoy Says Meme Coins Are ‘Gambling’ and Not Built to Last
• Kevin O’leary: ‘I Want More Regulation, and I Want It Now’
• ‘Really Great Example’: Coinbase Praized for Hack Respense Amid $ 400m Crisis
• Stablecoins Bring ‘MEANINGFUL INNOVATION FOR GLOBAL PAYments,’ Ripple Exec Says

Stories you may have missed

• Coinbase Could Pay Customers Up to $ 400m for Data Breach: Crypto Exchange Coinbase SAID IT SUFFERED A CYBERSECURITY BREACH WHEREin Malicious Actors Were Able to Secure Customer Names, Addresses, Phone Numbers, Social Numbers Numbers Numbers Numbers of WHICH WERE MASKED – by bribing overseas employees. TheSE ACTORS Allegedly Scammed Customers Using Their Personal Details, and Coinbase SAID IT WOURT REIMBURSE CUSTOMERS, EXPECTING TO PAY AnyWhere Between $ 180 Million and $ 400 Million.
• Movement Labs Secretly Promison Advisers Millions in Tokens, Leaked Documents Show: Another Scoop by Coindesk’s Sam Kessler Reveals that Movement Labs Promised to Send Advisers Token Allotments, Thought MOVEMENT THESE AGREEMENTS WERE NONBinding.
• French Minister Agreees On Measures to Protect Crypto Professionals After Kidnapings: Attempted Kidnapings of People with Crypto or Whose Loved Ones Have Crypto Have Become Very Common Recently. French Interior Minister Bruno Retailleau Agreed to Heigheted Security Measures.
• Senate’s New Stablecoin Draft Doesn’T Target Trump’s Crypto, Tweaks Big-Tech Approach: The US Senate HAS NEW LEGISLATIVE TEXT FOR ITS STABLECOIN BILL, WITH A CLOTURE VETE SCHEDULED FOR MONDAY. Cloture is the motion to proceed to debate and needs 60 Votes in Favor to pass, Meaning Lawmakers Will Need Bipartisan Support to Advance The Bill.
• US Senate’s Stablecoin Push Still Alive As Bill May Return to Floor: Sources: Coindesk Reported Earlier this Week that New Legislative Text for the Senate’s Stablecoin Bill Was Coming and there would be a vote soon.
• Telegram Shuts Down ‘Largest Illicit Online Marketplace’ After Elliptic’s Insights: Telegram Has Shut Down Huione Guarantee (Which Renamed Itelf Haowang Guarante), City Research Firm Elliptic’s Work Identifying Over $ 27 Billion in Stablecoin Transactions.
• Doj Will Still Pursue Roman Storm Case Despite Blanche Memo, ProseCutors Say: The Department of Justice SAID IT HAD HAD REVIEWED ITS PROSECUATION OF Roman Storm to Ensure It Is In Line withine with i Charges Against the Tornado Cash Developer.
• SEC IS PROBING COINBASE OVER USER NUMBER MISSSTATEMENT CONCERN: Coinbase is having a heck of a week.
• FTX to Pay Over $ 5b to Credites As Bankring Estate Gears Up for Distribution: FTX Credites Will Start Seeing Payouts from the Exchange’s Bankring Estate On May 30.
• Doj Charges 12 With $ 263m Crypto Theft Linked to Genesis Credator: The US Department of Justice Charged 12 People for Allegedly Steling Over $ 263 Million, Tied to A Previous Investigation Which Scammers Steal North of $ 243 Million From. Genesis.
• Ripple-SEC BID FOR XRP SETTLEMENT REJECTED by Judge Citing ‘Procedural Flaws’: The Federal Judge Overseeing the Securities and Exchange Commission’s Long-Running Case Against Ripple Rejented Their Proceded Settlement, Citying Jurisdice and Procedural Conceerns.
• Trump-Ted World Liberty Financial Rebuffs US Senator’s Probe: World Liberty Financial Pushed Back Against Senator Richard Blumenthal’s Inquiry about Its Operations.
• CFTC Commissioner Mersinger to Be Ceo at Blockchain Association: Commissioner Summer Mersinger Will Leave the CFTC on May 30 and Become The Next CEO of the Blockchain Association Next Month.
• CFTC’s PHAM SAID TO POLOT EXIT, AGENCY MAY BE LEFT WITHOUT A Party Majority: Acting Chairman Caroline Pham Pham Has Told People She Intends to Depart, Perhaps As Soon As Former Commissioner Brian Quintenz Is Confirmed by The Senate to Become The Permanent Chair of. Reported.
• CFTC’s Christy Goldsmith Romero to Leave Agency at End of MONT: Commissioner Christy Goldsmith Romero Said She Wuld Depart on May 31.

This WeekMonday

• 17:00 UTC (1:00 pm et) The Sec Held the Latest of It Crypto Roundtables, This Time Focused on Tokenization.

Wednesday

• Coindesk’s Consensus Toronto Conference Started.

Elsewhere:

• (Variety) Warner Bros. Discovery Will Rebrand It Max Streaming Service As HBO MAX, After Previously Rebranding HBO Max As Max. Dream Job: Person Who Rebrands Stuff?
• (The New York Times) Buyers of the Trump Memecoin Told the Times that they explicitly want to try and influence policy with the president.
• (The New York Times) A company with a handyful of empidaees that makes Videos for Tiktok Said it planned to buy to $ 300 Million of Trump Memecoin TKENS. IT REGISTED ZERO REVENENUE LAST YEAR.

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