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Regulations
Turkey in 'Final Stage' of Bringing Crypto Legislation as Last Step to Get Off FATF's Gray List: Minister
Turkey has been on the "gray list" of the Paris-based global money laundering and terror financing watchdog since 2021.

U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO
The Staff Accounting Bulletin 121 said customers' crypto assets in banks should be held on the banks' own balance sheets. That should have been a rule, not guidance, the GAO says, but the SEC says the policy remains unchanged in the meantime.

Coinbase-Backed Advocacy Group Enlists Crypto Masses, Raises $2M From 80,000
Stand With Crypto, the campaign that's meant to bombard lawmakers with crypto supporters in their own backyards, says it's off to a fast start (with a lot of help from Coinbase).

Sam Bankman-Fried Needs Better Answers on the Stand
Bankman-Fried was charming in front of reporters before FTX collapsed. Now he's just defensive.

Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments Watchdog
Existing stablecoins aren't fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said.

Daniel Shin Blames Terraform Collapse on Do Kwon's Management: Report
Shin is seeking to distance himself from Terra and Kwon as he faces trial in South Korea.

Spain Brings Forward MiCA Crypto Rules by Six Months After EU Pressure
The government said it hopes the move, potentially affecting the likes of Binance and Coinbase, will bring greater regulatory clarity.

Marshall Islands Further Strengthen's Law That Made DAOs Legal Entities
The island nation cuts processing time for registration, provides immunity for DAOs using open-source software.

Do Kwon's Terraform Labs Seeks Early Court Rejection of U.S. SEC Case
The stablecoin issuer filed for summary judgment, asking the judge to toss the regulator's accusations that Do Kwon and his company engaged in a multi-billion-dollar securities fraud.

Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says
Hong Kong has not decided whether to introduce an e-HKD, the report said.
