CRYPTO CANDIDATE? Presidential candidate Michael Bloomberg announced a financial reform plan Tuesday, advocating for greater consumer protection measures. His proposal also had provision for a regulatory sandbox and "a clear regulatory framework for cryptocurrencies." Full story
THE SEC NEEDS YOU: Earlier this month, SEC Commissioner Hester Peirce proposed a new way to regulate token sales, creating a stir among industry commenters. If there are better alternatives, she wants to hear about them. “The securities laws cannot be ignored, but neither can securities regulators ignore the conundrum our laws create,” she writes. Full story
ON THE OTHER HAND: Preston Byrne, attorney and now CoinDesk contributor, says Peirce’s proposal “would be hilarious if it weren’t so serious.” The safe harbor plan would make it more difficult for retail investors to distinguish genuine projects from scams for several years and “would likely undo much of the progress towards mainstreaming crypto adoption,” he says. Full story
EXPLOITED AGAIN: Bad actors have made off with $630,000-worth of ether (ETH) after exploiting the newly launched ethereum-based lending project bZx. The second such attack of the platform in a week, the complex scheme manipulated flash loans and a price data feed to make off with 2,378 ETH in just one minute. Full story
WHITE-LABEL OFFERING: Binance will soon launch a digital asset trading platform that can be rebranded by smaller exchanges for their local markets. Binance Cloud will offer local exchanges spot market and futures trading, as well as local bank API integrations and peer-to-peer fiat-to-cryptocurrency exchange services, the company said. Full story | 