Regulations
Former Binance CEO CZ Begins 4-Month Prison Sentence in California
Lompoc II, the California prison where CZ will serve his sentence, is a low-security facility.

Australia's First Spot Bitcoin ETF With Direct BTC Holdings to Go Live on Tuesday
Australia already has two exchange-traded products providing exposure to spot crypto assets on Cboe Australia but they do not hold bitcoin directly.

Flood of Cash From Coinbase Gives Crypto One of the Biggest Campaign War Chests
Coinbase followed Ripple and a16z in each giving a new $25 million to their political action committee, Fairshake, as the general election approaches that may shift crypto's destiny.

Mexico's Crypto Stance Unlikely to Change as Ruling Morena Party's Claudia Sheinbaum Elected President
Sheinbaum is from the same party as President Andres Manuel Lopez Obrador, who could not run again under the constitution.

U.S. President Biden Vetoes Resolution Overturning SEC Guidance
Joe Biden said he would veto the resolution before the House or Senate voted on it.

Wall Street Asks Biden Not to Veto Congress' Rejection of SEC Crypto Policy
Lobbying groups for the U.S. banks sent President Joe Biden a letter asking him to change his mind on his threat to veto the congressional effort to overturn SAB 121. Members of Congress did, too.

U.S. Sen. Wyden: House 'Right' to Pursue Crypto Bill, Late in Session for More Progress
The Oregon Democrat has been among his party's crypto sympathizers in the Senate, and he said there's "a long way to go" after this early burst of crypto momentum in Washington.

Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing
Do Kwon is currently out on bail in Montenegro, awaiting extradition to either the U.S. or South Korea.

A16z Boosts Crypto's Election Fund by Another $25M to Seek Friendly Congress
After Ripple's similar addition, which put the industry's political action committees over the $100M mark this week, the additional $25M pushes the political influence into rare territory.

NYDFS Issues New Crypto Firm Guidance for Consumer Complaints
The regulator wants digital asset providers to include policies which cover response and resolution monitoring and reporting.

