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The Securities and Exchange Commission (SEC) ended its investigation into Paxos, a stablecoin issuer, without recommending any enforcement action. This marks a significant win for the crypto industry. Celsius, a bankrupt crypto lender, initiated lawsuits against thousands of creditors who withdrew over $100,000 from the platform shortly before it declared bankruptcy. Polychain Capital accused its former general partner, Niraj Pant, of making an undisclosed deal with its portfolio company Eclipse Labs, violating the firm's policies. The Republican National Committee adopted a platform supporting cryptocurrency innovation, pledging to end the Democrats' "unlawful and unAmerican Crypto crackdown." StarkWare proposed an incremental staking plan for its layer 2 network, Starknet. A firm linked to Cambodia's ruling family is allegedly running an $11 billion crypto scam operation. BlackRock's tokenized treasury fund, BUIDL, reached a market value of over $500 million. Worldcoin's ambitious goal of onboarding one billion users by 2023 fell short by 994 million, with only 6 million users verified as of July 2024.

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#bitcoin #ethereum #crypto #cryptocurrencies
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