We’re making today’s post free for all readers on Substack, happy reading!
Fauxcahontas may not have her tomahawk out but she is on the warpath against President Trump and that, ladies and gentlemen, is why talk of a Clarity Act passing in this Congressional term, is fiction.
(QV Coinbase Vice Chair Says He’s Hopeful Senate Will Pass Crypto Regulation Bill Ahead Of Recess (CBC News)).
Exclusive: Elizabeth Warren Demands SEC Investigate If Trump’s Memecoin Is An ‘Illegal Scam’
CNN
EI 3644: Sen. Elizabeth Warren Seeks New Trump Crypto Disclosures After $1.4 Billion Haul
EI 3639: Trump Asks Senate To Pass Crypto Bill In ‘Honor’ Of Lindsey Graham — Elizabeth Warren Wants Guardrails To Prevent President From Profiting
EI 3638: Elizabeth Warren Calls Donald Trump’s $1.4 Billion Crypto Earnings ‘Corruption,’ Says ‘Congress Has A Responsibility To Stop It’
EI 3630: Senator Warren Proposes Blocking Crypto Earnings For Trump Family
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In the wake of Clarity’s demise, US Treasury’s Top Crypto Adviser Departs As Clarity Act Stalls In Senate (Bloomingbit).
Meanwhile, Dubai Crypto Exchange Bitby Hires Ex-Regulator Legal Head As CLO (The Global Legal Post), Peter Loo formerly of the Dubai VARA.
In the courts, an intrigue as FBI Agent Allegedly Turns Himself In For $1 Million Crypto Theft (The Japan Times) / U.S. FBI Intelligence Agent Arrested In Connection With Theft Of $1 Million In Crypto (CoinDesk).
Yet another exchange is in trouble with a head count cut, FalconX Cuts Staff On Extended Downturn In Crypto Markets (Bloomberg) / FalconX Cuts 10% Of Workforce Amid Prolonged Crypto Market Slump: Report (Cointelegraph).
The inevitable is coming, South Korea Confirms Jan. 2027 Launch For Long Delayed Crypto Tax (Crypto News) and Nigeria Sets 1% Crypto Tax Withholding For Exchanges (Crypto News).
Some interesting points of tech related stuff:
Mastercard Completes BVNK Acquisition To Expand Stablecoin Payments Infrastructure
The Block
ANNA Announces Digital Token Identifier Integration Into The ANNA Service Bureau
ANNA
BlackRock Launches Tokenized Money Market Funds For Stablecoin Reserves
Cointelegraph
Finally, Trump-Linked American Bitcoin President Matt Prusak Departs For Giga Energy (CoinDesk) and Crypto’s Washington Veteran On The AI Fight (Politico).
From our sister publication, EI Weekend:
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Exchange Invest Weekly Podcast
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Mixed Markets,
Nasdaq Sparkle,
HK IPO Shake Up,
ICE ID Private Credit.
Parish Notes
Excited to say the autumn / fall season of conferences is coming up fast.
Delighted also to confirm I am giving a Keynote speech to celebrate the 30th anniversary of the Macedonian Stock Exchange at their annual conference this year. Join me in Ohrid on September 21st-23rd.
Of course, then in November the AFM will have an epic Trends Day which we are delighted to host in Valletta, Malta — click to watch the epic trailer video and register if you have not already!
Just FYI, the event is already over half full with 102 days to go, so if you want to attend, reserve your place now as there is a serious risk of this selling out well ahead of November 12/13.
AFM Trends Day
Launched at AFM in Taipei, the first AFM Trends Day is coming to Malta on November 13th — watch the launch here.
As AFM members, we agreed last year to expand the recent AFM Tech Days into a broader format. Thus, AFM Trends Day launches this November in the magnificent historic city of Valletta, Malta.
A key theme is simple: how do emerging markets emerge?
Malta is the proof point. In 1970, Malta’s GDP per capita was around $828. Today, World Bank data puts it at $47,906.9 — higher than South Korea and a whisker behind France ($46,103). That is not merely growth. A small jurisdiction has become a high-income European economy and a serious international platform. In the post-war era, it was a net exporter of human capital to Australia, the UK, and elsewhere.
That is why AFM Trends Day will focus on the trends that matter: market structure, clearing resilience, technology, digital assets, sustainability-linked products and the practical choices that build credible markets.
See you in Valletta on November 13th… registration now open.
Finance Book of the Week
“Adam Smith’s The Wealth of Nations — A Graphic Novel” by Eamonn Butler has developed an original graphic novel designed to strip away the complexity. By translating “The Invisible Hand” and the division of labour into a visual narrative, bringing the foundations of modern economics to a whole new medium.
Eamonn Butler was our IPO-VID 111 Adam Smith 300 Years On guest.
Get the book here.
Suggestions welcome if you would like to nominate a book for us to cover!
Our next Book of the Week will be unveiled Saturday in the EI Weekend Edition.
& don’t forget if you want all the news on the bourse business sent daily to your Inbox subscribe to Exchange Invest — via Exchange Invest.com — it’s only $499 per annum to join “The Exchange of Information.
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