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UK Commits $676 Million and 500 Officers to Money-Laundering Fight
The UK will provide $676 million and add 500 officers to its money-laundering crackdown. The Home Office cites crypto, fintech and AI among the forces driving a threat estimated by the NCA at £100 billion a year.
Decrypt
CoinEx to Shut Down After Nine Years, Giving Users Until December to Cash Out
Hong Kong-founded crypto exchange CoinEx is shutting down after nine years. The platform cited a prolonged crypto winter and rising compliance costs, while users have until December to cash out their holdings.
Decrypt
XRP Drops More Than 11% After CLARITY Act Vote Fails
XRP fell more than 11% to about $1.28 after the U.S. Senate failed to advance the CLARITY Act. Its market cap was $80.79 billion, while 24-hour trading volume climbed 41.2% to $6.49 billion.
Coinpedia
Last-Minute Disputes Sink Crypto Market-Structure Bill Vote
CoinDesk reports that last-minute political disputes derailed the Clarity Act vote, disappointing a crypto industry that had placed major hopes on the market-structure legislation. No new timetable or details of the disagreements were provided.
CoinDesk