<img src="https://forkast.news/wp-content/uploads/2023/04/Untitled-design-25-1260x709.jpg" style="margin-bottom: 10px;" /> Franklin Templeton said Wednesday that its OnChain U.S. Government Money Fund is now supported on the Polygon network.

Investment giant Franklin Templeton connects US$270 million fund to Polygon network

The recent court order may force the SEC to finally disclose whether it would engage in rulemaking.
Continue reading at DailyCoin.

SEC Given a Week to Respond to Coinbase Petition—Why It Matters

SEC chair Gary Gensler wants you to think Coinbase and Binance are the same as FTX and Celsius. They’re not.

The SEC Is Fighting the Last War


                    
                    According to the summons, CZ’s current residential address is in the Mediterranean island nation of Malta.
                    The United States District Court in Washington, D.C. has issued a summons for Binance CEO Changpeng Zhao on June 7, just two days after the Securities and Exchange Commission (SEC) formally sued the exchange for alleged unregistered securities operations. "A lawsuit has been filed against you," the summons read.NEW: @binance CEO @cz_binance has been order to respond/answer the  summons of a U.S. District Court along with the other entities named in the case. He does not have to appear in person but respond within the time frame below  https://t.co/UipLm9TRye— Eleanor Terrett (@EleanorTerrett) June 7, 2023

While details are scarce at this time, the summons viewed by Cointelegraph did not appear to have been marked as served, and an immediate request for information was not returned by the SEC or Binance. Once served, per the document, Binance and its CEO will have 21 days to respond. "If you fail to respond, judgment by default will be entered against you for the relief demanded in the complaint."This is a developing story, and further information will be added as it becomes available.


US District Court issues summons for Binance CEO Changpeng Zhao over SEC action

Recent moves by Saudi Arabia, Russia and China have raised fears that the U.S. dollar could lose its preferred status for oil trading. And yet alternative national currencies aren’t that appealing. Could a Bitcoin-like currency do better?

The Petrodollar and Its Discontents Point to Bitcoin's Role in the Financial Future

Jón Helgi Egilsson, a former chairman of the Icelandic central bank, urged his former counterparts to "embrace competition" on CBDCs.

Central Banks Should Not Dominate CBDCs, Says an Ex-Central Banker

Summary: Ark Investment Management bought over 400,000 Coinbase shares as COIN prices slumped thanks to an SEC lawsuit. Cathie Wood’s company filled their coffers as the second largest COIN holders with 11.4 million shares amid tensions surrounding the publicly traded crypto exchange. Coinbase is being sued by the U.S. Securities and Exchange Commission for selling unregistered securities and running an illegal securities exchange among other allegations. “We’ll get the job done” CEO Brian Armstrong said in response to the upcoming […]

Cathie Wood’s ArkInvest Grabs $21.6 million In Coinbase Stock On SEC Discount

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