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CoinTelegraph News

• Polygon Labs president testifies on democratizing the internet with Web3, blockchains
  June 8, 2023
  The U.S. House Committee explores blockchain and Web3’s future as industry leaders testify on democratizing the internet and regulatory challenges.
• US federal court dismisses lawsuit against DeFi platform PoolTogether
  June 8, 2023
  The DeFi community funded the protocol’s legal defense through a $1.4 million nonfungible token sale in 2022.
• EU watchdog targets crypto ads on Instagram, YouTube, TikTok, Twitter
  June 8, 2023
  The largest European consumer rights group alleges crypto marketers on popular social networks use misleading promotion, exposing consumers to serious harm.
• GameStop fires CEO Matt Furlong months after axing crypto push
  June 8, 2023
  The executive, once instrumental to the company’s NFT efforts, was “terminated” amid lackluster Q1 earnings.

Coindesk News

• Social Media Targeted in EU Consumer Group Complaint About Crypto Ads
  June 8, 2023
  BEUC wants Instagram, YouTube, TikTok and Twitter to prohibit influencers from promoting crypto
• Crypto Exchange Bittrex’s Customer-Repayment Plan Faces U.S. Government Objection
  June 8, 2023
  If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal.
• DeFi Unfazed by SEC's Classification of Tokens as Securities
  June 8, 2023
  These forces will likely only drive “more financial activity to DeFi,” one trader said.
• UK Lawmakers Clash Over Government Plans to Regulate Crypto as Financial Services
  June 8, 2023
  While some lawmakers have aligned with the government’s proposal, others want the volatile assets to be treated as gambling.

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