? Trump Taps Cantor Fitzgerald CEO for Transition Team, Crypto Buzz Grows!

? Financial Heavyweight Takes the Helm
In a surprising move, Donald Trump has enlisted the expertise of Cantor Fitzgerald CEO Howard Lutnick to steer his transition team. With his deep roots in the financial services sector, Lutnick is set to shape policies and assemble a top-notch crew for Trump's potential 2024 administration.

? Crypto Crusader Joins the Fold
Lutnick's involvement isn't just business as usual. As a vocal proponent of Bitcoin and with Cantor Fitzgerald's active role in managing Tether's Treasury portfolio, it seems the crypto world may have a seat at the table when it comes to shaping economic strategies under a re-elected Trump.

? Tag Team with WWE Powerhouse
But wait, there's more! Joining Lutnick in this dynamic duo is none other than former WWE CEO Linda McMahon, who brings her experience from leading the Small Business Administration during Trump's first term. It appears that Trump's campaign is flexing its muscles, seeking to strengthen ties with the crypto community.

⤵️ Revolut Users in Europe Gain Access to Crypto via Ledger

? Revolut, the British fintech, is making crypto more accessible to its customers in select European countries. Thanks to a new partnership with Ledger, users can now explore the crypto ecosystem through the popular Ledger Live app.

? Verified Revolut customers in most European Economic Area nations can now easily buy cryptocurrencies using their Revolut accounts or cards. No need for additional checks!

? Even non-Revolut users can get in on the action. By going through a simple Know Your Customer process, they can use their Visa or Mastercard to make crypto purchases on Ledger Live.

? This collaboration between Revolut and Ledger is all about expanding access and creating a smooth on-ramp for users. It's not just about buying crypto; it's about empowering individuals with self-custody and introducing them to the exciting world of digital assets.

? Revolut has been steadily expanding its range of crypto-related services, from money transfers to trading platforms. With this latest move, they're solidifying their position as the go-to financial app for crypto investors.

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? Hidden Road Halts Client Access to Bybit Over KYC and AML Disagreements

? Hidden Road, backed by Citadel Securities, has suspended client access to Bybit due to KYC and AML disagreements.

? Bybit is now undergoing a compliance review to address these concerns, as regulators tighten scrutiny over crypto exchanges.

? Hidden Road, the prime brokerage firm, made the decision to halt access to Bybit a few weeks ago, leaving clients in the dark about the exact reasons behind the move.

? In response, Bybit is taking steps towards a comprehensive compliance review, following in the footsteps of Binance's recent settlement with US authorities.

? While this issue affects only some users, it highlights the importance of accessing crypto through trusted companies or brokers.

? Bybit's CEO, Ben Zhou, has also had to address rumours of a potential hack or insolvency, assuring users of the platform's financial stability and robust security measures.

? Additionally, Bybit faces regulatory challenges in Europe, with France's AMF blacklisting the exchange for operating without proper authorization.

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? Former Kansas Bank CEO Pleads Guilty to $47M Crypto Embezzlement Scheme

? In a shocking turn of events, the ex-CEO of Heartland Tri-State Bank in Kansas has confessed to embezzling a staggering $47.1 million through a web of personal crypto purchases.

➡️ The fallout from this audacious scheme resulted in the bank's collapse last July, leaving investors with zero equity, according to the U.S. Attorney's Office for the District of Kansas.

? Identified as Shan Hanes, the 52-year-old mastermind behind this financial fiasco allegedly used cryptocurrencies as a smokescreen to hide mounting losses.

➡️ "Hanes is not just a liar but also a master manipulator,"stated Attorney Kate Brubacher, emphasizing the devastating impact on victims' life savings and retirement funds.

? The FBI, FDIC, Federal Reserve Board, and FHFA are now jointly investigating this high-profile crypto case that has sent shockwaves through the industry.

? With a potential sentence of up to 30 years looming over him, Hanes awaits his fate at the sentencing scheduled for August 8th.

? The collapse of Heartland Tri-State Bank adds another layer to the ongoing debate about how traditional banks should navigate their relationship with the ever-evolving crypto ecosystem.

? Institutions like Silicon Valley Bank, Silvergate Bank, and Signature Bank have all had their share of exposure to cryptocurrencies, raising concerns about liquidity risks and prudent risk management.

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