A ruling has been issued in Hong Kong that iris scanning by Worldcoin violates the Privacy Ordinance. An order has been issued to stop the scanning. Worldcoin had previously confirmed the scanning of 8,302 people in Hong Kong.
SEC Chairman Gary Gensler criticized the proposed Financial Innovation and Technology for the 21st Century Act (FIT21), saying it exempts blockchain companies from regulation by securities laws, which in turn undermines investor protections. Gensler warned that the law, backed by major cryptocurrency players and Donald Trump, would create regulatory gaps and limit SEC oversight.
ETPs for Bitcoin and Ether have been approved for listing on the London Stock Exchange.
Gemini will begin recovering 97% of assets owed to Gemini Earn customers at the end of the month. U.S. court approves Genesis bankruptcy plan to repay creditors $3 bln
Venezuela will disconnect all bitcoin mining farms from the national power grid due to frequent blackouts and as part of a fraud investigation against PDVSA.