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Crypto is an important theme in the 2024 presidential race, influencing political funding and voter priorities. The influence and importance of crypto in U.S. elections have gained momentum in recent years, marking a new era in political funding and voter priorities. For the 2024 presidential elections, crypto is not just a fringe issue but one of the central themes in the political discourse. This trend is reflected in both the Democratic and Republican parties, where candidates have been actively advocating for crypto-related regulations and policies. President Biden signed an executive order to create a regulatory framework for digital assets, illustrating the bipartisan interest in the crypto market. Public interest in the crypto sector has surged, too, influenced by economic factors like inflation. A survey by Grayscale found that 73% of voters believe that presidential candidates should possess a well-informed viewpoint on new technologies like AI and crypto. 46% of voters a...

SafeMoon and executive team members, like Kyle Nagy, were indicted in the Eastern District of New York in connection to an international multi-million dollar fraud scheme. On Nov. 1, the U.S. Securities and Exchange Commission (SEC) charged Braden John Karony, Kyle Nagy and Thomas Smith with conspiracy, fraud and money laundering over their involvement in SafeMoon. According to the SEC, the token was offered as unregistered crypto asset securities . The three stand accused of using their roles as founder , CEO, and CTO respectively to inflate SafeMoon toward a $5.7 billion market cap through wash trading, deceptive marketing and misleading statements about liquidity lock-up timelines. Per the SEC complaint, SafeMoon’s executive team promised to take the token “Safe to the moon” while they withdrew $200 million from the project for personal expenses, such as purchasing sports cars and real estate.  SafeMoon’s price exploded by over 55,000% between March and April of 2021, and su...

SEC Chair on AI Regulation SEC Chairman Gary Gensler recently remarked that AI’s potential with respect to interference and disruption of market dynamics would attract the agency’s wrath. Speaking earlier this week before The National Press Club, the Chairman said terrible actors may seek to use AI to influence the US markets, or spook the public, which will attract an appropriate response from the commission. advertisement Unlike the discrepancy most people make, Gensler noted that ‘under the securities laws, fraud is fraud,’ irrespective of the format the fraud takes. Bad actors may seek to use AI to influence our mkts, or spook the public. Make no mistake, under the SEC urities laws, fraud is fraud. @ SEC Gov is focused on identifying & pro SEC uting any form of fraud that might threaten investors, capital formation, or the mkts more broadly. — Gary Gensler (@GaryGensler) July 20, 2023 Recommended Article...

SEC's recent charges against crypto exchange Kraken over its staking program have sent tremors through the crypto industry. Members of the crypto community are seemingly outraged over the recent charges laid against crypto exchange Kraken in relation to its staking-as-a-service program in the United States.  On Feb. 9, the United States Securities Exchange Commission (SEC) announced it had settled charges with Kraken over “failing to register the offer and sale of their crypto asset staking-as-a-service program,” which it claims is qualified as securities under its purview. Kraken agreed to settle the charges by paying $30 million in fines and to immediately cease the staking services to U.S. retail investors, though it would continue to be offered offshore. The move appears to have attracted the ire of not only the general crypto community, but also of investors, politicians, and industry executives. Cinneamhain Ventures partner and Ethereum bull, Adam Cochran called out SEC chie...