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CeFiWire Most Read for July 21: A Tale of Two Cities

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CeFiWire Most Read for July 21: A Tale of Two Cities

What was news for the week ending July 21, 2023.

Jul 24, 2023
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CeFiWire Most Read for July 21: A Tale of Two Cities

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The Twenty First Century’s “Tale of Two Cities” is about Paris and … New York. So, the Nasdaq is mired in the winter of despair while Societe Generale is celebrating the spring of hope. Europe has MiCA and the U.S. has Gary Gensler.

Nasdaq’s CEO Adena Friedman said last week that the company has nothing before it and will not be pursuing its digital assets custody with the New York State Department of Financial Services (NYDFS) after all. What is not yet known is whether Friedman gave up because the NYDFS was not going to approve the license or for some other reason.

Meanwhile, SG Forge has everything before it and is preparing for heaven as it became the first institution to gain a DASP license from France’s Autorite des Marches Financiers (AMF) at the start of the week and almost in time for Bastille Day.

And yes, London may still play a role in the story. Fresh off its court victory over the SEC, Ripple’s Brad Garlinghouse has embraced the epoch of belief and applied for registration as a crypto asset firm with the United Kingdom’s Financial Conduct Authority.

— Sean Hanna, Editor


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The Most Read Five


1. Adena Says "No" to Nasdaq's Digital Asset Custody Platform

Why the Nasdaq CEO is pulling the plug on its DA custody platform and what will happen to their people? (July 19)


2. French, Glenn and Dusty Intro HR 4763

The bill would formalize how digital assets are regulated. The Financial Services and Ag Committees may vote as soon as next week. (July 20)


3. Jean-Marc Wins His License

While the Nasdaq reversed course after failing to win regulator approval, SG Forge can drive around town with its glossy new license. (July 19)


4. Luc Partners Tokeny With DFNS

The partnership promises to bring simplified wallets to T-REX tokenized securities. (July 21)


5. Has Barry Found His CoinDesk Buyer?

The WSJ reports that a syndicate will buy the media company. Binance appears to be out of the running. (July 21)


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The Rest of the Week’s News


6. FedNow Now Live

The centralized ledger settles payments between banks and their customers in second. (July 20)


CeFiWire Resources


Conferences & Events

People are again traveling. Here are some of the upcoming events that are of interest.


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