Weekly Report (15 – 21 May 23) | What Happened This Week In Crypto

This Report will provide you with some essential and quick news about cryptocurrencies that happened around the world.

1) The Supreme Court Agrees With Ripple And Approves Of The Adapted Rules In The SEC Case

Legal experts continue to speculate as to the possible result of the high-stakes summary judgement in the legal struggle between Ripple and the Securities and Exchange Commission (SEC). While the outcome of the case is still up in the air, the lessons to be learned from prior cases involving comparable companies may provide useful pointers towards a favourable settlement…[continue reading]

2) The Texas Legislature Includes Digital Currency In The State’s Bill Of Rights

State Representative Giovani submitted HJR 146, which upholds people’s freedom to do business and make legal commitments using whatever medium of exchange they want, whether digital currency, cash, coins, bullion, or scrip. The law specifies that this basic freedom is immune to being violated…[continue reading]

3) Italy Allocates Millions To Help Its Employees Who May Be Replaced By Ai

The Italian government plans to invest $33 million in training individuals whose jobs might be eliminated by automation and AI to improve their proficiency with digital technologies. After Italian legislators pledged aid for individuals in danger of job loss due to automation, the country’s ongoing back-and-forth with the advent of AI continued…[continue reading]

4) The Prime Minister Of South Korea Has Publicly Demanded That Government Personnel Reveal Their Crypto Holdings

According to reports, Prime Minister Han Deok-soo thinks it’s a good idea to allow cryptocurrencies to be used when registering property. Local media in South Korea reports that Prime Minister Han Deok-soo is among those pushing for government personnel to declare and register their crypto holdings…[continue reading]

5) The European Council Unanimously Approved The EU’s MiCA

On Tuesday, the European Council unanimously approved the European Union’s groundbreaking Markets in Crypto Assets (MiCA) regulatory framework, marking another step towards creating a legal framework for digital assets…[continue reading]

6) The Cryptocurrency Sector Puts Its Hopes In A New Supreme Court Ruling To Sideline The SEC

The Supreme Court ruled in favour of the states that had challenged the EPA’s authority to regulate greenhouse gas emissions in June of 2022. To reduce the expansive authority of federal agencies, the Supreme Court chose to formalize the key issues doctrine…[continue reading]

7) Newspaper In Ireland Issues Apology For A Fake News Article

An Irish newspaper claimed in a statement that it had been “deliberately deceived” into publishing an article by a guest writer who turned out to be artificial intelligence. After realizing it had published an article written by an AI-powered guest writer, an Irish daily newspaper issued an apology to its readers…[continue reading]