Sen. Warren’s Digital Asset Anti-Money Laundering Act would be a disaster for civil liberties, effectively adding surveillance for all blockchain participants (Marta Belcher/CoinDesk)

Jamie Crawley / CoinDesk:
Senators Elizabeth Warren (D) and Roger Marshall (R) introduce the Digital Asset Anti-Money Laundering Act, including KYC requirements for wallets and miners  —  The proposal will bring know-your-customer rules to crypto participants such as wallet providers and miners.

Reuters:
Sources: in late 2020, the US DOJ asked Binance to provide extensive records on its anti-money laundering rules and communications by CEO Changpeng Zhao  —  U.S. federal prosecutors asked Binance, the world’s largest cryptocurrency exchange, to provide extensive internal records …

Mark Gurman / Bloomberg:
Elon Musk’s changes at Twitter threaten to set up a showdown with Apple and Google over in-app purchases for subscriptions and content moderation issues  —  Elon Musk’s plan to turn Twitter into more of a subscription service threatens to set up a showdown with Apple and Google.

CNBC:
The Southern District of New York charges SBF with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, money laundering, and more  —  – Federal prosecutors in the Southern District of New York unsealed eight seperate charges against disgraced FTX co-founder Sam Bankman-Fried …

Brandy Betz / CoinDesk:
Tharsis Labs, which develops the Evmos cross-blockchain tool to connect Ethereum and Cosmos, raised $27M via a token sale led by Polychain Capital  —  Polychain Capital led the funding raise to accelerate the cross-chain decentralized app platform  —  Tharsis Labs – the core developer of Evmos …

Vitalik Buterin’s website:
How centralized crypto exchanges could offer “proof of solvency” while protecting depositors’ privacy by using ZK-SNARKs, a type of zero-knowledge proof  —  Special thanks to Balaji Srinivasan, and Coinbase, Kraken and Binance staff for discussion.