679:Coinbase in Spain, DOJ Apathy, Terra's Pivot

Episode 679:
Coinbase’s Spain AML - Coinbase secures AML registration in Spain, enabling full operations. This aligns with upcoming EU MiCA regulations and marks a strategic growth. A crucial milestone, it could shape new financial paradigms in the EU.

SEC vs DOJ Divide - Former SEC veteran John Reed Stark criticizes the DOJ for its inaction in crypto cases. Stark's critique highlights the need for coordinated enforcement and raises questions about the effectiveness of current regulations.

USTC Minting Halted - Terra Classic community votes to cease minting its troubled stablecoin, USTC. Valued at $0.012, this move aims to regain its original $1 peg. The community's drastic action signals a fight for future stability.

Fenwick’s Legal Quagmire - Law firm Fenwick & West is in a class-action lawsuit over alleged fraudulent activities at FTX. The case could set a precedent for legal entities in the crypto industry, questioning the line between counsel and participation.

UK vs Privacy Rights - Nym Technologies' CEO criticizes the UK's encryption backdoor mandate. The rule threatens global privacy and poses risks to the crypto community. Resistance from organizations like the EFF offers hope for counteraction.

CFTC Quashes Kalshi - The CFTC halts Kalshi's political betting plans due to "unlawful gaming" concerns. This reflects regulatory reluctance to embrace decentralized prediction markets and adds another roadblock in the fight for financial freedom.

Crypto Overnighter Podcast (9/24/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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