Crypto Law

Dillman faces a maximum penalty of 20 years and a $250,000 fine for each count of conviction, according to the DOJ. Source: www.theblock.co Read Full Story

Term vault proposals face a seven-day delay and can be vetoed by liquidity providers, yet those controls apparently did not stop the exploit. Source: www.theblock.co Read Full Story

Combined ETF weekly trading volume more than tripled to $29 billion as bitcoin and ether prices rallied, though both categories are negative on the year. Source: www.theblock.co Read Full Story

Grayscale is inching closer to launching its Zcash ETF, filing another amendment with the Securities and Exchange Commission on Friday. Source: www.theblock.co Read Full Story

Shawn Young, chief analyst at MEXC Research, said that the crypto market is giving Treasury’s intervention ‘more credit than it deserves.’ Source: www.theblock.co Read Full Story

Sen. Ruben Gallego says Congress can still “land this plane,” referring to the Clarity Act crypto bill, as concerns grow over an unfinished ethics deal. Source: www.theblock.co Read Full Story

Miller Whitehouse-Levine urged regulators to move quickly, saying the industry “can’t afford to keep waiting for Congress.” Source: www.theblock.co Read Full Story

Stablecoin market cap on the chain has reached $640 million, the bulk of which has come from USDe. Source: www.theblock.co Read Full Story

Novig, which recently announced a partnership with the New York Mets, has sued officials in five states including Wisconsin since Aug. 4. Source: www.theblock.co Read Full Story

Polymarket has moved its accounts to a lender the report could not identify but says it still maintains a “close, active relationship” with JPMorgan. Source: www.theblock.co Read Full Story