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Crypto Weekly Digest: Tether Moves to El Salvador, Biden Tightens Sanctions, and TON Prepares for U.S. Listing

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MINE.exchange has gathered the latest web3 news from the past week that you might have missed.

– An American pastor faces imprisonment for cryptocurrency fraud. Between November 2021 and October 2023, he caused investors millions of dollars in losses.

– Singapore’s Gambling Regulatory Authority (GRA) warns that using unlicensed platforms may result in a fine of up to 310,000 Singapore dollars, imprisonment for up to five months, or both.

– Tether has completed preparations to relocate its headquarters to El Salvador after obtaining a digital asset service provider license.

– The Biden administration has tightened export rules for American computer chips, restricting access to advanced technologies for countries that may use them against U.S. interests.

– The Open Network (TON) blockchain platform is preparing to enter the U.S. market, hoping for favorable regulatory conditions amid the upcoming change in the presidential administration.

– SEC Chairman Gary Gensler emphasized in an interview that the agency has never classified Bitcoin and Ethereum as securities. This statement comes amidst ongoing discussions about launching spot crypto ETFs.

– Justin Sun, the founder of TRON, introduced an updated version of the USDD stablecoin, promising yields of up to 20% per annum.

– Donald Trump is considering the creation of a national reserve based on cryptocurrencies such as USDC, Solana, and XRP.

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