Day: March 15, 2026

SEC drops fraud case against BitClout founder Nader ‘Diamondhands’ Al-Naji

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The US Securities and Exchange Commission has agreed to dismiss its civil fraud lawsuit against Nader Al-Naji, the founder of the BitClout blockchain project, now DeSo, according to a joint stipulation filed this week in the Southern District of New York. The SEC originally filed the lawsuit in July 2024, accusing Al-Naji of conducting an unregistered securities offering through the sale of BTCLT, the native token of BitClout. Al-Naji allegedly marketed BitClout as a decentralized project with no central operator, even launching the platform under the pseudonym “Diamondhands.” The SEC…

US CLARITY Act 2026 Odds ‘Extremely Low’ If Not Passed Before April: Exec

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The US CLARITY Act, which aims to bring greater regulatory clarity to the crypto industry, may have little chance of passing this year if it doesn’t move forward within the next seven weeks, according to a crypto executive. “If CLARITY doesn’t pass committee by the end of April, odds of passage in 2026 become extremely low,” Galaxy Digital head of firmwide research Alex Thorn said in an X post on Saturday. “This needs to hit the Senate floor by early May… floor time is running out, and odds diminish every…

Ethereum Foundation sells 5,000 ETH to Bitmine to fund operations and grants

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The Ethereum Foundation announced today it executed an OTC sale of 5,000 ETH to Bitmine, the largest Ethereum treasury firm led by Thomas “Tom” Lee. 0/ Today, the Ethereum Foundation finalized the terms of a 5,000 ETH sale at an average price of $2,042.96 via OTC. For this sale, our OTC counterparty was @BitMNR. — Ethereum Foundation (@ethereumfndn) March 14, 2026 The EF plans to use proceeds from the sale to support its ongoing activities, including protocol research and development, ecosystem growth initiatives, and community grant programs. The Foundation still…