The U.S. Treasury Department has formally withdrawn a 2020 proposal to impose know-your-customer (KYC) requirements on non-custodial crypto wallets.
Senior District Judge William H. Orrick of the U.S. District Court for the Northern District of California ruled on August 23 that the SEC has plausibly alleged that some cryptocurrency transactions facilitated by Kraken may qualify as investment contracts.
The arrest of Telegram founder and CEO Pavel Durov in France has led to a significant drop in the value of the cryptocurrency Toncoin ($TON), which is closely connected to the Telegram messaging platform through The Open Network (TON).
Top stories in the Crypto Roundup today:
- U.S. Treasury Withdraws Proposal for KYC Requirements on Unhosted Crypto Wallets
- U.S. District Judge Says SEC's Lawsuit Against Crypto Exchange Kraken Must Proceed
- TON Price Plummets After Telegram Founder and CEO Pavel Durov’s Arrest in France