Are social tokens ready for their moment in the crypto spotlight? Roll believes the tech is on the verge of enabling breakout adoption. Social tokens offer a way for web creators to construct and monetize communities of fans, and Ethereum-based platform Roll has just launched a pair of new features—memberships and staking—to enable creators to provide extra benefits to token-holding supporters.

Roll’s membership functionality is designed to give creators, influencers, and DAOs—or decentralized autonomous organizations—the on-chain Ethereum infrastructure to enable subscriber tiers akin to Web2 site Patreon, establishing different levels of token ownership to allow access to various benefits and perks. And it’s permissionless and non-custodial tech, too.more info

The Crypto Policy Symposium in London was a historic gathering of crypto skeptics—and nobody tried to sell me anything. It was the final evening of the two-day Crypto Policy Symposium in London and a group of crypto skeptics had gathered in a club in Marylebone to drink free Prosecco and conspicuously not sell each other crypto tokens. I was surrounded by guys who were the exact inverse of your usual crypto bro conference-goer: they wore corduroy trousers, worked in IT, and looked like your dad. They were all called Martin, and they came armed with evidence-based research, sober policy proposals and empirical, entirely uncontroversial perspectives on market structure.more info

The DAO said it’s partnered with Tusk Strategies to work on the Lummis-Gillibrand Responsible Financial Innovation Act.The legislation was introduced to the Senate in June, and published on Github to gather comments from the technical community. The bill aims to bring clarity to the crypto industry, outlining how digital assets should be taxed and how they should be regulated by different government agencies.

It also includes definitions for what virtual currencies are, as well as for other terms that haven’t yet been established by lawmakers, including DAOs.Also referred to as a decentralized autonomous organization, a DAO is a blockchain-based management structure in which members make decisions by voting with governance tokens, instead of relying on a corporate hierarchy to determine how funds are allocated.

KlimaDAO hopes the legislation will help legitimize its work in offering carbon-backed tokens that can be used to offset emissions. In a blog post, KlimaDAO wrote, “We are honored to have the chance to work with Senators Gillibrand, Lummis, and their staff, in helping to shape such an important project.more

Crypto exchanges are now required to report and freeze accounts suspected of evading Russian sanctions or potentially face criminal charges.The United Kingdom Office of Financial Sanctions Implementation (OFSI) of Her Majesty’s Treasury ruled that cryptocurrency exchanges must report any suspected cryptocurrencies that may be used to evade Russian sanctions.

In an August announcement, the OFSI stated that exchanges must report the suspected breach to the agency and freeze the assets or face criminal charges or financial penalties.The UK Financial Conduct Authority (FCA) also said in March that financial firms and crypto exchanges “are expected to play their part in ensuring that sanctions are complied with,” while giving strict guidelines on how to best ensure that sanctions against Russia are upheld.

The first round of sanctions against Russia was announced on February 24 after Russia began its invasion of Ukraine.more

The bankrupt company said it wants to return around $50 million in digital assets in “custody accounts.”“The debtors have identified significant cryptocurrency assets that they do not believe are property of their estates, and as to which the debtors do not believe that they have any colorable causes of action under applicable law,” Today’s filing said. “Accordingly, the debtors believe it is fair and appropriate to permit customers to withdraw those cryptocurrency assets at this time.”

Today’s notice came after custody customers asked a judge on Wednesday to have their funds returned to them separately from the bankruptcy proceedings.

In the filing, Celsius affirmed the need for caution in determining which assets to return, to whom, and when.

“Allowing customers to withdraw property that could be subject to later avoidance actions would be akin to choosing to drain a sink full of water, and then trying to collect the water after it had drained through the pipes,” the debt holders wrote. “Incredibly wasteful and inefficient if your goal is to maximize water for later allocation and distribution.more information

Tycho first heard about crypto back in the Silk Road days, calling the underground marketplace “the coolest thing in the world” at the time. Now, decidedly legit, he’s launching his own “Tycho Open Source Community” using Polygon NFTs.

Tycho says he bought his first hardware wallet in 2011, but didn’t put Bitcoin on it. In an interview with Decrypt, the artist—also known as Scott Hansen, or ISO50 from his blogging days in the aughts—shared the story of how he got into crypto and Web3.more info

In hopes of limiting high risk in the crypto sector, Singapore is looking to make it more difficult for retail investors to join the market. The Monetary Authority of Singapore (MAS), the country’s central bank and financial watchdog, is considering adding extra protection for crypto users by making it more difficult to buy crypto.

The MAS will begin exploring ways to add friction to retail access via customer suitability tests, limit access to credit facilities, and credit facilities to reduce frivolous investments, according to the agency's managing director Ravi Menon.more info