Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957789/bsvblockchain_logo?e&#61;1715212800&amp;v&#61;beta&amp;t&#61;mggQhFIPzBx6mgiuC2vWJTd-_FiIqSAgBHuEtocGOJw" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>A <a href="https://www.unodc.org/roseap/uploads/documents/Publications/2024/Casino_Underground_Banking_Report_2024.pdf" rel="noopener noreferrer nofollow">UN report alleges</a> Tether&#39;s involvement in illicit activity. Tether challenges the accusations and calls for increased blockchain education. While, Senators Wyden and Lummis urge the SEC Inspector General to investigate the hack of the SEC&#39;s X account. Additionally, SEC Chair Gensler clarifies the approval of 11 spot BTC ETFs, emphasizing that the endorsement of these ETFs does not imply an endorsement of BTC itself.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</p><ul><li><a href="https://www.linkedin.com/company/tether/" rel="noopener noreferrer nofollow">Tether</a></li><li><a href="https://www.linkedin.com/company/united-nations/" rel="noopener noreferrer nofollow">United Nations</a></li><li>Sen. Ron Wyden (D-OR)</li><li>Sen. Cynthia Lummis (R-WY)</li><li><a href="https://www.linkedin.com/company/secgov/" rel="noopener noreferrer nofollow">SEC</a> Chair Gary Gensler</li><li><a href="https://www.linkedin.com/company/genesis-global-technology/" rel="noopener noreferrer nofollow">Genesis Global Trading</a> Inc.</li><li><a href="https://www.linkedin.com/company/coinshares/" rel="noopener noreferrer nofollow">CoinShares International</a></li><li><a href="https://www.linkedin.com/company/coin-center/" rel="noopener noreferrer nofollow">Coin Center</a></li><li>Sen. <a href="https://www.linkedin.com/in/senatorelizabethwarren/" rel="noopener noreferrer nofollow">Elizabeth Warren</a> (D-MA)</li></ul><h3 id="senators-wyden-and-lummis-urge-sec-inspector-general-to-investigate-hack-of-sec-39-s-x-account">Senators Wyden and Lummis Urge SEC Inspector General to Investigate Hack of SEC&#39;s X Account</h3><p>Sens. Ron Wyden (D-OR) and Cynthia Lummis (R-WY) wrote a letter urging the Inspector General of the SEC to open an investigation into the hack of the SEC’s X account.</p><h3 id="sec-chair-gensler-clarifies-approval-of-11-spot-btc-etfs-emphasizing-non-endorsement-of-btc">SEC Chair Gensler Clarifies Approval of 11 Spot BTC ETFs, Emphasizing Non-Endorsement of BTC</h3><p>SEC Chair Gary Gensler discussed the agency’s approval of 11 spot BTC ETFs in an interview with CNBC, explaining the decision and reiterating that approval of BTC ETFs does not equate to an endorsement of BTC.</p><h3 id="sec-chair-gensler-addresses-compromised-x-account-coordinates-with-law-enforcement">SEC Chair Gensler Addresses Compromised X Account, Coordinates with Law Enforcement</h3><p>SEC Chair Gensler released a statement on the agency’s compromised X account, stating that the SEC is coordinating with law enforcement and continuing “to assess whether remedial measures are warranted.”</p><h3 id="genesis-global-trading-settles-with-ny-dfs-pays-8-million-penalty-surrenders-bitlicense">Genesis Global Trading Settles with NY DFS, Pays $8 Million Penalty, Surrenders BitLicense</h3><p>The New York Department of Financial Services (DFS) announced that Genesis Global Trading Inc. will pay an $8 million penalty and surrender its BitLicense to resolve allegations that the company failed to implement appropriate safeguards to comply with the state’s virtual currency and cybersecurity regulations.</p><h3 id="un-report-alleges-tether-39-s-involvement-in-illicit-activity-tether-calls-for-blockchain-education">UN Report Alleges Tether&#39;s Involvement in Illicit Activity; Tether Calls for Blockchain Education</h3><p>The <a href="https://www.unodc.org/roseap/uploads/documents/Publications/2024/Casino_Underground_Banking_Report_2024.pdf" rel="noopener noreferrer nofollow">UN published a report</a> highlighting the alleged involvement of Tether in financing illicit activity. Tether released a statement challenging the report and calling for blockchain education.</p><h3 id="coinshares-international-to-acquire-valkyrie-funds-following-sec-approval-of-spot-btc-etf">CoinShares International to Acquire Valkyrie Funds Following SEC Approval of Spot BTC ETF</h3><p>CoinShares International announced plans to acquire Valkyrie Funds, “as a direct result of SEC approval for the issuance of Valkyrie’s spot BTC ETF.”</p><h3 id="coin-center-responds-to-sen-warren-defends-hiring-practices-amid-criticism">Coin Center Responds to Sen. Warren, Defends Hiring Practices amid Criticism</h3><p>Coin Center responded to Sen. Elizabeth Warren’s (D-MA) letter criticizing the company’s practice of hiring former government officials, declining to answer questions about hiring policies.</p>

UN report alleges Tether’s involvement in illicit activity

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