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Michael Saylor Proposes “Bill of Digital Rights” to Expand Capital Access

Michael Saylor, executive chairman of Strategy and co-founder of the firm, argues that the next era of digital intelligence should be built around a “bill of digital rights” rather than expanding restrictions on how people and businesses use digital assets. In an essay posted on X on Saturday, Saylor positioned digital assets as essential infrastructure for productivity and capital formation—especially as automation reshapes industries. Saylor’s framework outlines five core freedoms he says should apply to both individuals and companies: the ability to create new digital assets, to issue them to markets to finance productive activity, the right to hold them or choose custodians, the ability to transfer assets across users and service providers, and the freedom to use them—whether for spending, investing, earning income, or borrowing against collateral. Key takeaways Saylor proposes a “bill of digital rights” centered on five freedoms: create, issue, hold/custody, transfer, and use di...
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Saylor Proposes “Digital Bill of Rights” for a Prosperous Future Economy

Michael Saylor, executive chairman of Strategy and co-founder of the company widely regarded as the largest corporate Bitcoin holder, argues that the next era of digital assets and AI should be built around a clear set of “digital rights.” In an essay posted on X, Saylor said the industry needs a rights-based framework that prioritizes what asset owners can do with their money and capital—not additional restrictions that limit utility. His proposal centers on five fundamental freedoms for both individuals and companies: the ability to create and issue new digital assets, hold them directly or via a custodian, transfer them across parties and systems, and use them for everyday economic activity—from spending and investing to earning income and borrowing against collateral. Key takeaways Saylor’s “bill of digital rights” is framed as an alternative to restricting digital assets, emphasizing how owner control drives real economic value. The framework covers both people and companies, ...

SEC Commissioner Hester Peirce to Step Down on Oct. 2

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has submitted her formal resignation, effective Oct. 2, according to a letter she posted to X. Peirce—often dubbed “Crypto Mom” for her consistent calls for clearer, rules-based crypto regulation—has spent roughly eight years on the commission. Peirce’s departure comes as the SEC’s leadership and regulatory posture toward digital assets has shifted under the current administration. With her resignation, the commission’s membership will again be shaped by the remaining Republican commissioners, Paul Atkins (chairman) and Mark Uyeda. Key takeaways SEC Commissioner Hester Peirce’s resignation is effective Oct. 2, with the letter posted on her X account. Peirce served on the SEC for about eight years and has been director of the agency’s Crypto Task Force since Feb. 4, 2025. Her SEC term had already expired in June 2025, but commissioners can continue serving for up to about 18 months if replacement nominations ...

SEC Commissioner Hester Peirce to Step Down on October 2

SEC Commissioner Hester Peirce has submitted her formal resignation from the U.S. Securities and Exchange Commission, according to a letter she posted to her X account. The resignation takes effect Oct. 2. Peirce—widely dubbed “Crypto Mom” for her push for clearer, rules-based regulation of digital assets—said she was grateful for the “honor of her professional lifetime” serving as a commissioner. In the same message, she indicated she would be leaving the agency under the leadership of Chairman Paul Atkins and Commissioner Mark Uyeda, the remaining Republican members of the five-person commission. Key takeaways Peirce’s resignation is effective Oct. 2, ending an approximately eight-year tenure at the SEC. She also served as director of the SEC’s Crypto Task Force, a role she held starting Feb. 4, 2025. Her commissioner term had expired in June 2025, but the SEC notes commissioners may remain for up to about 18 months if not replaced earlier. The SEC’s crypto posture has shifte...

CFTC Files Lawsuit Over $950M Crypto-Linked FX Scheme Involving Cash FX

The U.S. Commodity Futures Trading Commission (CFTC) has filed a federal lawsuit accusing Cash FX Group and three individuals of running a large foreign-exchange investment scheme tied to crypto, alleging that investors were sold a multilevel-marketing Ponzi structure with promised returns far above anything justified by actual trading activity. According to the CFTC, the complaint was filed Friday in the U.S. District Court for the Middle District of Florida, seeking to hold accountable Cash FX and its CEO, Huascar Jose Lopez Castillo of Brazil, as well as The Conversion Pros and its CEO, Ronald Pope of Oregon, and Justin Halladay of Florida. Key takeaways The CFTC alleges the defendants collected more than $950 million for a purported retail forex trading “commodity pool.” The regulator says the operation used new participant funds to cover promised or fictitious trading profits rather than genuine trading performance. Prosecutors claim the defendants misrepresented trading m...

CFTC Files Lawsuit Over $950M Crypto-Linked FX Scheme

The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit seeking to hold Cash FX Group and three individuals accountable for a large-scale foreign-exchange investment scheme that the regulator says involved cryptocurrency. According to the CFTC, the case centers on allegations that the defendants raised more than $950 million from participants by promoting a purported “commodity pool” meant to trade retail foreign currency contracts, while misrepresenting how investor money was managed and the returns investors were promised. Key takeaways The CFTC says it filed its complaint Friday in the U.S. District Court for the Middle District of Florida. Regulators allege a multilevel marketing Ponzi scheme built around forex trading claims, including promised returns “up to 15% weekly.” The complaint alleges most participant funds were misappropriated rather than used for legitimate trading. The CFTC claims participants suffered losses of at least $406 million, alongside...

SlowMist Still Hasn’t Confirmed Crypto Theft From iPhone Safari Attack

New warnings circulating among iPhone users link a malicious Safari-based attack to a potential exposure of cryptocurrency wallet secrets, including private keys and seed phrases. However, the threat intelligence firm that analyzed the specific Safari sample says it has not been able to independently confirm an actual theft from a compromised victim tied to that exact code. In a statement provided to Cointelegraph, SlowMist said the campaign it investigated appears to reuse techniques from an earlier iOS exploit chain known as DarkSword. While multiple reports urged users to update immediately and cited an especially broad iOS window—“iOS 13 through iOS 26.5” in some coverage—SlowMist cautioned that this range should be treated as preliminary until the company can demonstrate reproducible technical evidence for the latest versions. Key takeaways SlowMist has not independently confirmed a real victim compromise or confirmed crypto theft tied to the exact Safari sample it analyzed. T...