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COINDESK DAILY: U.S. Charges Overseas Crypto ‘Market Makers' for Fraud; Bitcoin 'Unlikely' a Currency: SEC Gensler

Oct 10, 2024
Federal prosecutors are cracking down on crypto market makers, charging them with fraud and market manipulation. An FBI-created token is revealed as a strategic move to catch bad actors in the industry. Meanwhile, SEC Chair Gary Gensler expresses skepticism about Bitcoin's viability as a currency. Plus, VanEck announces a new $30 million fund aimed at fintech, digital assets, and AI firms, indicating a shift in investment strategy that highlights the growing intersection of traditional finance and technology.
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