Arcane

A four-year bug in Zcash's privacy layer was patched in days. But the selling started three days before anyone privately found it, and ZEC fell 64%. Because every transaction is hidden, no one can prove what happened. Our ZEC situation report: allium.so/reports/zcash-…

🚨NEW: Senator @RonWyden (D-OR) is asking Senate leaders to preserve the Blockchain Regulatory Certainty Act, as passed by the Senate Banking Committee, in any version of the Clarity Act brought to the floor. It comes amid uncertainty over whether certain key law enforcement groups will accept the BRCA language and whether changes will be needed to win their support, as well as the votes of other Democratic senators like Senators @CortezMasto and @MarkWarner. In a letter to Thune and Schumer, Wyden says the provision would codify existing federal policy by clarifying that non-custodial software developers should not be treated as money transmitters solely for publishing software, while preserving the DOJ’s and FinCEN’s ability to pursue illicit actors. Wyden was the Democratic co-sponsor of the standalone BRCA legislation in the Senate alongside @SenLummis.

🤖 You can be held personally accountable for an AI system you have little control over or insight into. That is the position in which a growing number of compliance leaders now find themselves. In today's article, Elliptic's Mark Aruliah argues that AI in compliance has a difficult governance and accountability problem that organizations need to address before they can extend AI's autonomy with confidence. Read the full article: hubs.la/Q04nrNbV0

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MiCA Countdown: 4 Days to Go What should crypto users be doing now? If you're using a crypto-asset service provider in the EU, @ESMAComms's latest statement highlights a few practical steps worth taking: ✅ Check whether your provider is authorised under MiCA. ✅ Read any recent communications from your provider about regulatory changes. ✅ Understand your options if you need to transfer assets to another provider or a self-hosted wallet. ✅ Don't ignore deadlines if your provider announces changes to services or account access. ESMA has encouraged clients of unauthorised providers to act promptly where necessary, including by transferring their crypto-assets to a MiCA-authorised provider or a self-hosted wallet. The most important step for consumers is to know whether their provider is authorised and to carefully review any communications they receive regarding transfers, account access, or position closures.