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The French Data Protection Agency (CNIL) has conducted inspections at Worldcoin's Paris office due to concerns about the company's biometric data collection practices. Worldcoin, co-founded by ChatGPT CEO Sam Altman, scans users' irises in exchange for a digital ID and the promise of free cryptocurrency. The Worldcoin Foundation, incorporated in the Cayman Islands, has expressed its willingness to undergo the review and affirms its commitment to complying with regulatory requirements. 
John Reed Stark, ex-chief of the SEC's Office of Internet Enforcement, believes the current SEC won't approve a Bitcoin spot ETF due to various reasons.
However, Stark suggests that if a Republican wins the 2024 presidential election, the SEC might ease its crypto-enforcement and be more open to a Bitcoin spot ETF.
He also speculates that SEC chair Gary Gensler might resign, potentially paving the way for Hester Peirce, known as "Crypto Mom", to take a leading role. 
The United States Government Accountability Office (GAO) has published a report suggesting that a more robust regulatory framework is required for the use of blockchain in finance.
The report highlighted the lack of regulation around crypto asset trading platforms and stablecoins and identified non-security crypto asset spot markets as the main regulatory gap. According to the GAO, Congress could address these issues by designating a federal regulator to oversee these markets.
Moreover, the report suggests a need for more regulatory coordination and proposes the establishment of a formal mechanism to identify risks and respond to them within an agreed timeframe. Blockchain Shows Potential in Battling Counterfeit Goods
The European Union Intellectual Property Office (EUIPO) is optimistic about the potential of blockchain technology in combating counterfeit goods. The agency shared that it has completed a proof of concept trial, labeled European Logistics Services Authentication (ELSA), that used blockchain-based tools for anti-counterfeiting purposes. US Secret Service in Reddit AMA
In a recent Reddit AMA (Ask Me Anything), representatives from the US Secret Service's San Francisco Field Office and the Bay Area's Regional Enforcement Allied Computer Team (REACT) navigated an array of questions on cryptocurrencies, NFTs, and blockchain technology from the r/cryptocurrency subreddit community. 
UK Targets Crypto Crooks with New Economic Crime Plan
The UK Treasury and Home Office are flexing their muscles against crypto money launderers and fraudsters, unveiling a three-year Economic Crime Plan. The government aims to protect consumers, boost the economy, and make the UK a magnet for crypto innovation. 
Hong Kong police have arrested Joseph Lam, a crypto influencer and former lawyer, in connection with the ongoing investigation into cryptocurrency exchange JPEX. Lam, who has over 190,000 Instagram followers, was arrested today and his office was raided. The arrest follows the Securities and Futures Commission's warning against JPEX for misleading statements about its licensing status. The police have received at least 83 complaints involving JPEX, with virtual assets worth about HK$34 million ($4.3 million) reported. 
AI-Powered Botnets Dupe Crypto Users on X
ChatGPT, known for its diverse technological solutions spanning web search, content creation, office efficiency, and education, has taken a dark turn. This seemingly harmless AI chatbot is now being manipulated by fraudsters on social networks to promote crypto scams. 
Despite being over 100 days into the writers strike, the worries about studios using generative artificial intelligence to entirely write scripts have not come to fruition.
The decision came in response to a challenge by Stephen Thaler, CEO of Imagination Engines, who sought to register AI-generated works.
The judge upheld the U.S. Copyright Office’s stance that copyright protection only extends to works created by humans, not AI.
U.S. District Judge Beryl Howell has emphasized that copyright law has “never stretched so far” to “protect works generated by new forms of technology operating absent any guiding human hand.” 
The UK's data watchdog is setting its sights on Worldcoin, Sam Altman's initiative offering free crypto for iris scans.
With digital ID on one side and cryptocurrency on the other, it's caught the Information Commissioner's Office's attention.
"We note the launch of WorldCoin in the UK and will be making further enquiries," a spokesperson for the ICO says. PKO Bank Polski Broadens Its Service Spectrum in the Metaverse
PKO Bank Polski, a front-running bank in Poland, is enhancing and expanding its suite of services within the metaverse. This financial institution launched a virtual office on the Decentraland platform in October 2022 and has since been actively tracking the number of visits and measuring the level of engagement with this novel service model. a16z Expands Globally, Eyes UK as Crypto Hub
a16z, the venture capital firm, has announced its plans to open an office in London later this year. Chris Dixon, the head of the fund, emphasizes the UK’s potential as a cryptocurrency hub, citing regulatory clarity and support for blockchain technology. S&P Solutions Accused of Money Laundering Through Crypto ATMs
The Cuyahoga County Prosecutor's Office, in cooperation with the U.S. Secret Service (USSS), filed charges against S&P Solutions and three of its employees for operating crypto ATMs without a proper license, conspiring to launder money, and engaging in corrupt activities. Coinbase-Backed Lawsuit Fights Tornado Cash Sanctions
Coinbase has joined six plaintiffs in a legal challenge against the US government's sanctions on Tornado Cash, a privacy-focused cryptocurrency mixer. The parties argue that the sanctions imposed by the Office of Foreign Assets Control (OFAC) are a violation of their Constitutional rights and are seeking to reopen Tornado Cash for all US-based citizens. OneCoin's Legal and Compliance Head Charged with Money Laundering
The Southern District of New York Attorney's Office, led by Damian Williams, is targeting another crucial player in the notorious OneCoin crypto pyramid scheme – Irina Dilkinska. According to charges, Dilkinska assisted Ignatova and Greenwood in laundering money.