Tuesday March 21, 2023
◾ Florida Governor Ron DeSantis issued legislation to prohibit the issuance of a CBDC as a tool for “surveillance and control” under his state’s Uniform Commercial Code. (Flgov.com)
◾ Coinbase (COIN) submitted a petition for rule-making to the SEC explaining why staking is not a security. (Coinbase)
◾ Europe’s Parliament announced the final debate on the Markets in Crypto Assets (MiCA) directive will be on April 18th. (Europa.eu)
Government & NGO Actions
◾ Belgium’s financial regulator will require crypto ads include a disclosure of risk. (Coindesk)
◾ The IMF issued a white paper suggesting the use of CBDCs in Islamic countries could lead to the risk of disintermediation. (Imf)
◾ Argentina’s tax authority revealed it discovered incomplete crypto disclosures in 2021 with over $7 million in undisclosed assets. (News.bitcoin)
◾ The Supreme Court will hear its first crypto case today as Coinbase (COIN) attempts to force two class action lawsuits into arbitration. (Coinbase)
Public Company Releases
◾ Ault Alliance (AULT) is planning to offer up to $50 million in preferred shares. (Businesswire)
◾ Hive has extended its shelf prospectus to issue up to $100,000,000 of common shares, preferred shares, subscription receipts, warrants, options or any combination over a 25-month period. (Globenewswire)
Restructuring, Losses and Legal News
◾ FTX is asking the court to agree that FTX Bahamas has no claim to any of the bankrupt exchange’s assets. (Bloomberg)
◾ The Bankruptcy Court approved a settlement allowing Core Scientific to provide $20 million in equipment to Priority Power Management. (Cases.stretto)
Protocols, Applications & Business News
◾ Coinbase (COIN) stopped offering support for Signature’s digital payments platform Signet. (Reuters)
◾ Adult entertainment favored cryptocurrency SpankPay (SPANK) is closing down. (Twitter)
◾ Marqueta (MQ) is working with stablecoin-wallet issuer Stables (formerly Tiiik) to issue an Asia-Pacific prepaid card allowing customer to spend their stablecoins on the Mastercard (MA) platform. (Businesswire)
AI Announcements
◾ Coinbase (COIN) is experimenting with ChatGPT to automate its token review process. (Conbase)
Metaverse Briefings & Activations
◾ Google discontinued the enterprise version of its augmented reality (AR) glasses. (Computerworld)
Market Data
◾ Coinbase (COIN) reported that more than 25,000 crypto advocates have signed on to support the exchanges grassroots Crypto435 Live program targeting all of the House’s members. (Coinbase)
Exchange, Custody and Product Updates
◾ Crypto.com secured a preparatory license from Dubai’s Virtual Assets Regulatory Authority. (Crypto.com)
◾ Crypto exchange OKX opted to cease operations and pull out of Canada, rather than comply with securities law or face regulatory scrutiny. (Financefeeds)