#united states
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Chinese Companies Illegally Selling Fentanyl for Crypto?
Fentanyl, a highly potent synthetic opioid, is a severe public health hazard to the United States and other countries. It's a sought-after commodity amongst drug cartels, enticing seekers of euphoria and intense highs with its low cost and strong effect. High-Risk AI Faces Potential Ban in Australia
In response to global concerns surrounding the rapid development of artificial intelligence (AI), the Australian government has launched an urgent eight-week consultation to determine if any "high-risk" AI applications should be prohibited. This initiative follows similar actions taken in the United States, the European Union, and China to understand and potentially mitigate AI-related risks. 
Financial Literacy Lessons from SEC with a Crypto Twist
The United States Securities and Exchange Commission (SEC) has unveiled a series of educational events aimed at underrepresented demographics, including high school students, military personnel, senior citizens, and Native Americans. Interestingly, the financial watchdog's agenda includes advising attendees to "exercise caution" with cryptocurrencies. 
New SEC duel: the gauntlet is thrown to Paxos
The SEC accuses Paxos Trust, the Pax Dollar, and BUSD stablecoins issuer, of illegal trading securities. You sound like a broken record, Mr. Gensler!
The Commission seems to have a hard time in court: Paxos has been authorized by the New York Department of Financial Services (NYDFS); it operates under its supervision, and its stablecoins are actively used by institutional investors in the United States.
The crypto community will see an epic battle between SEC prosecutors and NYDFS lawyers! We’re wondering who has more powerful attorneys: Paxos or Ripple? The market downfall is over?
James Gorman, CEO of Morgan Stanley, said that the world economy has come out of its peak.
Positive changes were influenced by two factors:
- inflation in the USA has reached maximum levels
- relations between USA and China began to improve
Gorman believes that China and the United States have finally agreed: instead of redistributing the world's prosperity among themselves, they have moved to the desire to increase it so that everyone gets more.
Gorman also suggested that the Fed will not raise rates above 25 basis points next month.
The crypto market seems to agree. BlackRock Files for Bitcoin Spot ETF
BlackRock, the world’s largest investment company with $10 trillion in assets, has submitted an application for a Bitcoin spot exchange traded fund (ETF), marking a significant milestone in the United States. This would be the first crypto spot ETF in the country, pending approval. 
House Passes Debt Limit Bill
In a significant development, the United States House of Representatives has successfully passed a crucial bill aimed at suspending the nation's debt ceiling until January 1, 2025. This achievement is a result of bipartisan support, with 314 votes in favor and 117 against. FOMO and Peer Pressure: Crypto's Investment Recipe
The United States Financial Industry Regulatory Authority (FINRA) Investor Education Foundation recently conducted a study that unveiled social factors and the fear of missing out (FOMO) as the driving forces behind first-time cryptocurrency investments. 
Ripple's legal battle with SEC costs $200 million and counting
Ripple CEO Brad Garlinghouse revealed that the company has spent $200 million defending itself against a lawsuit brought by the United States Securities Exchange Commission (SEC). He made this statement during a fireside chat at the Dubai Fintech Summit, highlighting the differences in crypto regulation progress between the U.S., the UAE, and Europe. 
What makes Asia a key driver of the next [crypto] bull run
![What makes Asia a key driver of the next [crypto] bull run](https://media.gncrypto.news/what-makes-asia-a-key-driver-of-the-next-crypto-bull-run.jpg "What makes Asia a key driver of the next [crypto] bull run")
It appears that the United States and European countries are losing their dominant position in the cryptocurrency market. This is because regulators have taken aggressive measures that have led crypto investors to shift their focus towards the Asian region. SBF relatives do not cooperate with the investigation
In their search for bankrupt FTX clients' money, lawyers want to cross-examine SBF's mother and brother.
It is already known that the businessman's parents lived in a house in the Bahamas worth $16.4 million, which was the property of a crypto exchange. And the SBF's brother bought a multi-million dollar property near United States Capital (probably with the FTX clients' money).
Negotiations with the SBF's father are ongoing. Perhaps the court will be able to get the truth at least from the suspect's father.