COCO PAY presents a roundup of the most important Web3 news from the past week. Don’t miss out!
- If U.S. authorities decide to impose restrictions on foreign stablecoins, Tether is considering launching a new crypto asset specifically tailored to meet American regulatory requirements.
- The U.S. Securities and Exchange Commission (SEC) has clarified that cryptocurrencies used for payments, transfers, or value storage are not classified as securities—provided they are not issued for investment purposes.
- Australia’s corporate regulator has received approval to liquidate 95 companies suspected of involvement in crypto-related fraudulent schemes.
- U.S. attorney James Murphy has filed a lawsuit against the Department of Homeland Security, demanding the release of documents related to a meeting with the alleged creators of Bitcoin.
- Amazon has unveiled its new voice AI model, Nova Sonic. According to the company, it rivals leading solutions from OpenAI and Google in speed, speech recognition quality, and user interaction.
- Larry Fink, CEO of BlackRock, stated that most executives he has spoken with believe the U.S. economy is already in a state of recession.
- Sara Wynn-Williams, former Head of Global Policy at Meta, has accused the company of assisting China in the development of military-grade artificial intelligence.
- As of March, the annual inflation rate in the U.S. stood at 2.4%—the lowest level since September and down from February’s 2.8%.
More news coming soon. COCO PAY — always in the know!
