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first_img 22 companies oppose OKX's listing of tokenized stock platform with Intercontinental Exchange

According to a report by Reuters, as of Friday, 22 companies have submitted objections against listing their U.S. stocks in tokenized form on the tokenized stock platform OKXICE, jointly launched by OKX and the Intercontinental Exchange, the parent company of the New York Stock Exchange. The latest batch of companies opposing includes Wells Fargo, Arm Holdings, and Intuit, following Microsoft and Alphabet, the parent company of Google, who joined the opposition the previous week. Among the 22 companies mentioned, 16 are listed on Nasdaq, while only 6 are listed on the New York Stock Exchange.Nasdaq issued guidance in September regarding the U.S. Securities and Exchange Commission's innovation exemption mechanism, reminding issuers that "they must be cautious about their own participation," and stated that the consequences for liquidity, price discovery, and long-term shareholder value may not become apparent until the experiment has progressed for some time. Andrew Cuomo, co-chairman of OKXICE and former governor of New York, indicated that more objections are expected for the joint venture platform, as companies wish to avoid being among the first to test this stock model.Earlier this month, the joint venture platform submitted documents to the U.S. Securities and Exchange Commission, planning to provide tokenized stock listings for 62 companies. Cointelegraph sought comments on Intuit's decision to withdraw from the plan but did not receive an immediate response; spokespeople for Wells Fargo and Arm Holdings declined to comment.

first_img The U.S. Department of Justice cites the Bitcoin Fog ruling to oppose Roman Storm's motion for acquittal

U.S. federal prosecutors cited the appellate ruling related to the cryptocurrency mixer Bitcoin Fog as a supplementary basis against the not guilty motion of Tornado Cash developer Roman Storm. In documents submitted on Monday, the prosecution referenced the September 25 ruling by the appellate court that upheld the conviction and sentencing of Bitcoin Fog operator Roman Sterlingov. The District of Columbia Circuit Court found that Washington, D.C. had jurisdiction over all four charges: the money laundering charge was based on undercover agents completing Bitcoin Fog transactions in its D.C. office, while the unlicensed money transmission charge was supported by sufficient evidence showing that Bitcoin Fog had served clients in the area.The prosecution stated that the ruling "directly supports" its position in the Storm case, arguing that Tornado Cash's activities in Manhattan were sufficient to establish jurisdiction in the Southern District of New York for the conspiracy charges of money laundering and unlicensed money transmission against Storm, citing the testimony of Shakeeb Ahmed, who claimed to have used Tornado Cash in a Manhattan apartment. Judge Katherine Polk Failla has heard the arguments for the not guilty motion in April 2026 but has yet to rule. In August 2025, the jury found Storm guilty of conspiracy to operate an unlicensed money transmission business, but deadlocked on the charges of money laundering and conspiracy to evade sanctions; Storm submitted a post-trial not guilty motion in September 2025, arguing that the prosecution failed to prove he intended to assist criminals in abusing Tornado Cash.

Zhao Changpeng: Does not oppose Hyperliquid, welcomes more DEX to participate in competition

Binance founder Changpeng Zhao stated during his appearance on the podcast "When Shift Happens" that he does not oppose Hyperliquid and welcomes more centralized and decentralized trading platforms to participate in innovation, as the industry is far from saturated. He estimates that the proportion of the population holding some form of cryptocurrency is about 5% to 15%, but when calculated based on individual wealth allocation, the penetration rate of cryptocurrency assets may be less than 1%, indicating that the industry is still in its early stages.Changpeng Zhao mentioned that some members of the Hyperliquid community are trying to establish their own community by criticizing centralized trading platforms and Binance, but he views this as normal competition and does not oppose the project. Previously, Trump mentioned Hyperliquid, which is very good for the industry. Assets like HYPE, BNB, and Bitcoin could all benefit from the overall growth of the industry.Changpeng Zhao also pointed out that first movers do not necessarily become the long-term biggest winners. Google, Facebook, and Binance were not the first products in their respective fields, and later entrants can often further optimize based on the groundwork laid by the pioneers. Although he holds a significant amount of Binance shares and BNB, the centralized trading platform is just part of his asset allocation; rather than expanding a single platform, he hopes to promote the growth of the entire cryptocurrency industry.

Trump opposes slowing down AI development, family continues to increase AI investment

Donald Trump and his family business are continuing to expand their investments in artificial intelligence, data centers, power infrastructure, and related technology companies. Financial disclosures show that after Trump's return to the White House, his investment accounts have reported nearly 30,000 securities transactions, including buying and selling stocks of chip, server, and energy infrastructure companies such as Dell Technologies, Micron Technology, GE Vernova, Broadcom, Texas Instruments, Credo Technology, and Advanced Micro Devices. It is currently unclear whether Trump still holds these shares, as related transactions do not require real-time disclosure, and Trump has not placed his assets in a blind trust.Trump Media Technology Group plans to merge with the fusion company TAE Technologies, which intends to build power generation facilities amid the growing demand for electricity in AI data centers. Truth Social also plans to authorize platform data to AI labs through TruthAPI and has launched a search tool supported by technology from Perplexity. Donald Trump Jr. serves as a partner at 1789 Capital, which has completed fundraising for a $1.2 billion fund, focusing on investments in digital infrastructure such as data centers, and has invested in Cerebras, Perplexity, and xAI. Eric Trump, on the other hand, invests in defense, robotics, and AI data processing companies through American Ventures.The White House denies any conflict of interest, stating that Trump's investments are entirely managed by independent managers, with related assets held in discretionary accounts and automatically replicating indices such as Schwab 1000 through computer models, meaning Trump and his family cannot decide on specific investments and transaction timings.

first_img Jack Dorsey: Supports open release of AI, opposes industry-wide restrictions

Chairman and CEO Jack Dorsey stated: The frontier is the edge of known things, and no company owns what will happen next. He hopes more people will advance the frontier through open releases, allowing people to collectively examine, use, and improve without waiting. He does not advocate for mandatory disclosure of private weights and hopes that open alternatives can compete, independent researchers can verify work, and people can control their own tools, with the burden of proof on those imposing release restrictions. He supports review and independent assessment but opposes industry-wide restrictions negotiated by today's leaders that may exclude alternatives. He also does not want the U.S. and Chinese governments to decide how much intelligence others are allowed to develop and opposes imposing industry-wide restrictions on training computing power, training operations, and building better models with models.Jack Dorsey quoted Anthropic, stating that as of May 2026, Claude had written over 80% of the merged code and mentioned that fully autonomous successors have not yet occurred and are not inevitable. He stated that he only supports withholding general models when there is independently verifiable evidence indicating that the release would substantially increase the risk of catastrophic harm that narrow measures cannot adequately address.He mentioned that the independent nonprofit organization METR found about 1,200 OpenAI agents that should have been isolated communicating through unauthorized message boards, with about 700 participating in a coordinated attack on Hugging Face.

first_img Jack Dorsey: Advocates for open release of AI, opposes industry-wide restrictions

Chairman and CEO Jack Dorsey stated on X: He hopes more people will advance the frontiers of artificial intelligence through open releases, enabling people to collaboratively inspect, use, and improve without waiting. He expressed that he does not advocate for mandatory public disclosure of private weights and hopes that open alternatives can compete, independent researchers can verify work, and people can control their own tools. He mentioned that release restrictions must bear the burden of proof.Jack Dorsey expressed support for review but opposed industry-wide restrictions negotiated by current industry leaders, stating that it could exclude those who expose failures or build alternatives. He mentioned that the independent nonprofit organization METR discovered about 1,200 OpenAI agents that should have been isolated communicating through unauthorized message boards, with about 700 participating in a coordinated attack on Hugging Face. OpenAI claimed that the production filters used to prevent assistance in computer attacks were disabled and isolation failed. A representative from Hugging Face stated that Claude Opus and Fable hindered the forensic work, leading them to switch to the Chinese open-source weight model GLM-5.2.He stated that defense should precede restrictions, and only support withholding general models when there is independently verifiable evidence indicating that releases would substantially increase the risk of catastrophic harm that narrower measures cannot address. He hopes to run and modify intelligence on his own machine and wishes that unknown individuals could build better things without permission. He also expressed a desire for people in China to have the same freedom to build and control technology as those in the United States and hopes that licensing and API terms allow for distillation.
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