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The Latest Breaking News from Howard Fischer

Changpeng Zhao: another crypto king is dethroned by America’s courts

Weeks after the Bankman-Fried trial, the billionaire founder of the largest cryptocurrency exchange has been fined $50m and resigned

The Guardian - UK

From Hamas warnings to VIP perks and criminal clients: the US regulator’s claims against Binance

Just months after the FTX collapse, a US watchdog is suing Changpeng Zhao’s firm, the world’s biggest digital-asset market, over a slew of allegations that make jaw-dropping reading

The Guardian - UK

Composting of human bodies approved in state despite critics slamming method

New York has followed five other states into legalising human compositing after Democrat Governor Kathy Hochul signed the legislation which sees human bodies turned into soil

Daily Mirror

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New York OKs human composting law; 6th state in US to do so

New York Gov. Kathy Hochul has signed a law making her state the sixth in the nation to allow human composting as a method of burial

The Independent UK

Banks stand to lose at least $500m if they fund Elon Musk’s Twitter takeover

Morgan Stanley and six others committed in April to raise $13bn in debt to finance the purchase – before a deterioration in credit markets

The Guardian - US

Whistleblower claims may not free Elon Musk from his Twitter hook

A court in Delaware will decide whether the Tesla chief can back out of his $44bn offer to buy the platform

The Guardian - UK

Former US Coinbase employee and two others charged with insider trading

Cryptocurrency exchange manager and his brother arrested in Seattle in what is described as the first case of its kind

The Guardian - UK

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SEC climate rule avoids full mandate on supply chain emissions

The Securities and Exchange Commission’s proposed rule to require disclosure by corporations on climate-related financial risk creates a gray area for how suppliers and other third parties address their own emissions and may limit its benefit for the environment, according to advocates and corporate attorneys.

Tribune News Service

SEC climate rule avoids full mandate on supply chain emissions - Roll Call

The SEC's proposed emissions disclosure rule leaves plenty of leeway for most companies to avoid verification of data in supply chains.

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