Episode Details

01st July: Crypto & Coffee at 8

🔥 SEC Sues Consensys over MetaMask 💰 Solana ETF by VanEck 🚨Digital Asset Tax Reporting 💃🏻’Cryptoqueen’ -$5M bounty

🔥According to U.S. Securities and Exchange Commission, since 2016 Consensys has operated MetaMask, allegedly violating federal securities laws by failing to register as a broker and for the unregistered sale of securities through MetaMask Swaps and MetaMask Staking. The SEC claims ConsenSys earned over $250 million in fees from these activities and seeks to stop further violations, impose penalties, and order other relief, emphasizing ConsenSys’s non-compliance with federal laws. Check out the Blockchain DXB podcast we share our commentary on this

💰 VanEck, has filed for a new Solana ETF. On June 27, Matthew Sigel, recovering CFA, VanEck’s head of digital assets research, announced on Twitter, X that the firm submitted a filing to the SEC for the VanEck Solana Trust. This new fund aims to leverage Solana’s decentralized nature, high utility, and economic feasibility, marking the first Solana ETF filing in the U.S. If approved, the ETF will be listed on the Cboe BZX Exchange. Tweet here https://tinyurl.com/2urktpep

A Dogecoin ETF next would be the next logical move

🚨 The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released “final regulations implementing bipartisan tax reporting requirements for sales and exchanges of digital assets” Info here https://tinyurl.com/5eb53z9k These regulations are part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. It established reporting requirements similar to those already in place for traditional financial services.

💃🏻 Crypto Queen

- The Department of State is announcing a reward offer under the

Transnational Organized Crime Rewards Program of up to $5 million for information leading to the arrest and/or conviction of German national

Ruja Ignatova, wanted in the United States for her participation in one of the largest global fraud schemes in history.https://tinyurl.com/436wezdn

❗ On October 12, 2017, Ignatova was indicted in the U.S. District Court for the Southern District of New York and charged with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering

🟠Two UAE news (See slides)

⚡ General Directorate of Residence and Foreigners Affairs (GDRFA) Dubai integrates AI into more work tools to boost customer service

⚡ Adaverse Invests in Saudi Arabia’s Nuqtah Innovating Brand Experience With Blockchain and NFT

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