Author: Cointelegraph By Felix Ng

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SEC is scaling back its crypto enforcement unit: Report

The SEC’s 50-person crypto unit is getting a shakeup with some staff reassigned to other areas, The New York Times reports. Source link

Bitcoin investor ordered to hand over crypto keys in landmark tax case

A Texas federal court judge ordered Frank Richard Ahlgren III and any associates to hand over any crypto public and private keys, accounts and access codes. Source link

Metaplanet tips first operating profit in 7 years, boosted by Bitcoin

Metaplanet projects it will turn its first operating profit since 2017 and said it wants to go beyond just buying Bitcoin as part of its treasury strategy. Source link

Ohio lawmaker introduces Bitcoin reserve bill allowing state to buy BTC

Ohio has become the third US state behind Texas and Pennsylvania to see bills introduced to establish Bitcoin reserves as part of the state’s treasury. Source link

Crypto compliance ‘no longer optional’ under Australia’s new draft guidelines

Sweeping proposed changes would force most crypto firms in Australia to obtain financial licensing, which some worry will drive innovators offshore. Source link

Crypto markets claw back as South Korea reverses martial law

South Korean President Yoon Suk Yeol has reversed his declaration of martial law after six hours of heightened tension at South Korea’s National Assembly. Source link

Crypto miner MARA wants US moving quicker to gobble up Bitcoin

MARA Holdings says there will soon be a heated race among nations to gather Bitcoin, and the US needs to step up its game.  Source link

Big victory in Tornado Cash case as judge says OFAC exceeded authority

A US appeals court ruled the Treasury’s OFAC “overstepped” when it sanctioned crypto mixer Tornado Cash’s smart contracts. Source link

Rumble shares rise 9% as founder mulls scooping up Bitcoin

Rumble shares soared after the bell as its CEO Chris Pavlovski said he’s considering adding Bitcoin to the video streaming firm’s balance sheet.  Source link

Michael Saylor to pitch Microsoft board on Bitcoin buying strategy

MicroStrategy’s Michael Saylor says he’ll get three minutes to pitch Microsoft on why it should buy Bitcoin, claiming it would make it a more stable and less risky stock. Source link