Australia’s regulator wins case against Kraken’s local operator
Australia’s Federal Court ruled against Kraken’s local operator for failing to comply with legal obligations when offering a margin trading product.
Australia’s court has ruled that Bit Trade, the operator of the Kraken crypto exchange in Australia, violated regulatory requirements by offering a margin trading product without complying with design and distribution obligations.

In an Aug. 23 press release, the Australian Securities and Investments Commission said the ruling is marking a significant regulatory action against a major global crypto player. ASIC Deputy Chair Sarah Court added that with the ruling the regulator wanted to “send a message to the crypto industry” that it will continue to “scrutinize products to ensure they comply with regulatory obligations in order to protect consumers.”

Former FTX-tied politician accused of campaign finance crime
Michelle Bond, the partner of former FTX executive Ryan Salame, has been accused of violating U.S. campaign finance laws, according to an unsealed indictment.

Ex-Congressional aspirant Michelle Bond was accused of financing her failed 2022 New York House campaign with money from an unspecified Bahamas-based crypto exchange.

FTX’s Salame in protracted litigation

The unsealed charges against Bond come shortly after Salame accused the government of reneging on a plea deal. The agreement, according to Salame, included his guilty plea and a promise to halt any investigation into Bond.

Fed’s blast Salame

In response, prosecutors cited Salame’s post-sentencing social media statements as a “complete lack of remorse” for America’s legal complex.

Salame had posted tweets accusing fellow FTX executives Caroline Ellison and Nishad Singh of lying to secure better plea deals from the government. On Aug. 21, prosecutors highlighted these posts, stating that they showed no remorse for his actions.
#Write2Earn! #BinanceSquareFamily #BTC☀ #ETHETFsApproved
$BTC