It’s only a matter of time before they become the default.”Source: CointelegraphThe GENIUS Act may be the “first step” toward establishing a “unified digital financial system which is borderless, programmable and efficient,” Grachev said, adding:“When the US moves on stablecoin policy, the world watches.”SEC sues Unicoin, executives alleging $100 million fraudThe US Securities and Exchange Commission sued Unicoin and three of the crypto platform’s executives on May 20, alleging they made false and misleading statements about crypto assets that raised $100 million from investors.
Today in crypto, DWF Labs’ Andrei Grachev said the US GENIUS Act would legitimize stablecoins for institutional adoption and set a precedent for other global jurisdictions, the US Securities and Exchange Commission (SEC) filed a $100 million fraud suit against Unicoin and its executives, and Javier Milei shut down a task force investigating the fallout from the LIBRA token scandal.
Argentina’s Milei shuts down task force investigating LIBRA scandalArgentine President Javier Milei has dissolved a task force established to investigate the fallout from LIBRA, the scandalous cryptocurrency project the head of state promoted on his social media channel before it crashed to zero. The Investigative Task Force (ITU) was dissolved via a May 19 decree signed by Milei and Justice Minister Mariano Cúneo Libarona, government documents revealed. “The Research Task Unit is dissolved” after completing its mandate, the translated version of the decree read.
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Author / Journalist: Cointelegraph by Cointelegraph
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