Midday News Update #Web3
⚖️ Genesis Global Capital is suing its parent company Digital Currency Group (DCG) to recover over $1B in transfers made within a year before bankruptcy.
📉 The SEC has postponed rulings on spot Solana ETF filings from 21Shares, Bitwise, VanEck, and Canary Capital, citing the need for more legal review.
🌍 Ripple has introduced cross-border payment services in the UAE, partnering with Zand Bank and Mamo. The platform supports stablecoins, crypto, and fiat for fast payments.
👮♂️Vladimir Smerkis, co-founder of Blum and former Binance exec, was arrested in Moscow for alleged large-scale fraud tied to early crypto projects.
📢 SEC Chair Paul Atkins supports clearer crypto rules
New SEC chairman Paul Atkins says the agency will embrace crypto innovation and begin drafting rule proposals to end prolonged regulatory uncertainty.
