The financial regulator asked a judge to stay its enforcement case against the Tron founder in February, after which time the company went public on Nasdaq. Two members of Congress have called on the Securities and Exchange Commission (SEC) to answer questions that could impact how crypto companies go public on US exchanges. In a Wednesday letter to SEC Chair Paul Atkins and acting director of the commission’s division of corporation finance Cicely LaMothe, Senator Jeff Merkley and Representative Sean Casten questioned the agency’s timing on dropping an enforcement case against Tron founder and CEO Justin Sun. The Tron founder had been facing a lawsuit filed by the SEC in 2023 over allegations of offering unregistered securities, but the agency asked for a stay in the case in February, a month after the departure of former Chair Gary Gensler. Read more
LINK gained 82% in Q3, and a bullish cup-and-handle pattern projects a rally to the $100 to $125 range. Key takeaways: LINK price is up 82.5% this quarter, its strongest run since Q1 2021. A 45-month cup-and-handle points to a long-term target near $125. Read more
US President Donald Trump and UK Prime Minister Keir Starmer signed a memorandum of understanding on Thursday during Trump's state visit to the United Kingdom. The United States and the United Kingdom signed a memorandum of understanding on Thursday to jointly develop artificial intelligence, nuclear energy, telecommunications and quantum computing for a wide range of uses including space travel, military defense, targeted biomedical drugs and medical procedures. The MOU, which is not legally binding and changes no existing agreements between the two countries, proposes joint research initiatives between a host of government departments and agencies in both countries to study these emerging technologies. The two countries will form a task group to develop quantum computing hardware, software, algorithms and interoperability standards, according to the MOU. Read more