SEC Chair Gary Gensler Hates Crypto

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gm, Happy Friday!

• Russia to mine crypto for cross border trades (CD)

• FTX Pt. 2 is already gaining investor interest from VC's...shockingly (YF)

• MicroStrategy converts company emails to BTC lightning network (CS)

• Mainstream web3 adoption is happening at scale in 2023 (NFTT)

• Binance Charity and Mercy Corps Ventures partner to give 5 high-growth fintech web3-enabled startups a split of $1M (FF)

• Karate Combat raises $18M from Bitkraft Ventures alongside Hashkey, Delphi Digital, M13 and others for XR martial arts league utilizing Hedera Token Service (VB)

• Swaap Labs raises $4.5M from Signature Ventures, Entrepreneur First, and Ledger CEO Pascal Gauthier for market-making protocol (ALXB)

• Electric Capital led Yoz Labs' $3.5M raise with participation from Collab+Currency, Coinbase Ventures, Dapper Labs and others for web3 notification platform (CD)

• Coinflow Labs picks up $1.45M from Jump Crypto and Reciprocal Ventures for a web3 payment stack provider solution (BW)

• Web3 funding has plummeted 82% from Q1 '22 to Q1 '23 (CB)

• The European Union passes two laws to better safeguard crypto transactions and assets (EUROP)

• Russia introduced a bill to potentially mine crypto for cross-border payments and transactions (CD)

• Gensler says crypto needs to fall in line with securities law (TB)

• Crypto companies may use Supreme Court Doctrine to push back against SEC (CD)

• Safemoon exploiter makes deal to return $7.1M (CD)

• Federal Reserve Governor says CBDC has more risk than benefit (PYMNTS)

• Dutch court agrees to free Tornado Cash dev (DECRYPT)

• Ether staked volume exceeds withdraws for the first time (CP)

• Gensler refuses to answer if ETH is a security (CT)

• ETH staking provider P2P.org raises $23M (DECRYPT)

• Ethereum withdrawal waits near 17 days (CD)

• Concensus by CoinDesk 2023 starts next Wednesday - who will all be there? (CC)

• Australia has installed more Bitcoin ATMs than all of Asia (CD)

• Hong Kong court calls crypto "property" in case with Gatecoin (CD)

• Helium makes its move over to Solana blockchain (CD)

• Addressing Proof of Reserves with exchanges (BTCI)

• Crunchbase's web3 funding tracker (CB)

• NFTTech.com created a report on web3 adoption for mainstream companies (NFTT)

• Everything you need to know about Shapella (BANKLESS)

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