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🤖 AI × Crypto🟢 BullishImportance 6/10
Crypto News: As SEC Ends BitClout Case and ASIC Flags Gen Z Risk, DeepSnitch AI’s $1.66M Presale Targets 1000x Alongside March Launch on the Back of Powerful Utility
🤖AI Summary
The SEC has permanently dismissed its fraud case against BitClout founder Nader Al-Naji with prejudice, ending a two-year investigation into $257 million in alleged unregistered token sales. Meanwhile, ASIC has flagged Gen Z crypto investment risks, and DeepSnitch AI's presale has reached $1.66 million targeting a March launch.
Key Takeaways
- →SEC permanently dismissed BitClout fraud case with prejudice, meaning it cannot be refiled.
- →The case involved allegations of $257 million in unregistered token sales over two years.
- →ASIC has raised concerns about cryptocurrency investment risks specifically for Gen Z investors.
- →DeepSnitch AI has raised $1.66 million in its presale phase targeting a March launch.
- →The SEC dismissal represents another enforcement retreat in the crypto regulatory landscape.
Read Original →via Blockonomi
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