Crypto regulation and security: prediction markets, Binance probe, hacks
Elizabeth Warren plans prediction-market oversight, Forbes reports an ex-Binance investigator's Iran-sanctions allegations, and laundering and phone-exploit warnings circulated.
What we know
The Block reports Sen. Elizabeth Warren aims to end 'Wild West-style' lack of prediction-market oversight as she prepares to chair Senate Banking. Forbes reports, per a crypto news account, a former Binance investigator told the IRS that management ignored a probe into about 2,000 Iran-linked accounts involving $1.2B; Binance denies firing staff over sanctions probes. A market news account claims North Korean hackers are laundering Binance-hack funds through memecoins (unconfirmed). CZ warned users to update iOS after a user's reported loss, and a lawsuit was filed against the Ethereum Foundation by a former employee, per a news account.
How the story developed
Elizabeth Warren plans prediction-market oversight, Forbes reports an ex-Binance investigator's Iran-sanctions allegations, and laundering and phone-exploit warnings circulated.
Policy commentators say the bipartisan permitting and transmission bill is gaining momentum ahead of a Senate vote.
A former EF employee reportedly sued the foundation and Vitalik Buterin, while a bipartisan permitting bill faced a Senate vote and AI regulation referenda drew attention.
A former EF staffer is reportedly suing over a Mandate-related firing. The filing allegedly claims Vitalik was recorded without consent.
Sources
“Warren is setting her sights on prediction markets oversight”
View post →“Need to keep your iOS up-to-date.”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.