TREE NEWS update: Meta has been sued over its smart glasses’ collection of biometric data. The lawsuit alleges that the company gathered facial and other biometric information without proper consent. This legal action adds to Meta’s ongoing privacy challenges, potentially impacting its smart glasses business.
TREE NEWS update: A Delaware federal judge ruled Thursday that X Corp. can proceed with its trademark lawsuit against Operation Bluebird, rejecting the startup’s claim that X abandoned eight Twitter-related marks. X sued in December, alleging Bluebird aimed to ‘revive’ Twitter with an app using the same name, color scheme, and blue bird logo.
TREE NEWS update: The G7 is urging organizations to adopt post-quantum security measures before powerful quantum computers can compromise current encryption and digital signatures. The warning highlights the need for the crypto industry to prepare for quantum threats, as existing cryptographic standards may become vulnerable.
TREE NEWS reports: FinCEN reported that transnational criminal organizations based in Southeast Asia were largely behind digital asset scams targeting US residents, totaling $13 billion. The agency highlighted the role of compounds in the region in perpetrating these frauds.
TREE NEWS update: Robinhood is not backing down from AMC Entertainment over its stock tokens, with lawyers questioning AMC’s grounds for a securities-law challenge. However, they note that the tokens’ branding and marketing could leave room for a dispute. The brokerage appears ready to fight the legal battle.
TREE NEWS update: President Trump said his administration is working to bring Hyperliquid into the United States, raising questions about how the crypto platform could enter the market. The statement signals potential regulatory shifts but offers no specifics on the path forward.
TREE NEWS update: Blockchain fintech OpenReserve on Sept. 2 received preliminary conditional approval from the OCC to establish a full-service national bank in Salt Lake City, Utah. The approval, granted in under five months, requires the company to raise at least $210 million in initial paid-in capital within 12 months and maintain a minimum 12% tier 1 leverage ratio for three years after opening. OpenReserve plans tokenized deposits, treasury management, and banking-as-a-service for institutions, and must open within 18 months or lose approval.
TREE NEWS update: OpenReserve, backed by Andreessen Horowitz (a16z), has received approval to operate as a full-service national bank. Choosing a full national charter over the trust-bank route typical for crypto firms, the startup can now offer insured deposits and conventional lending alongside stablecoin issuance. This approval marks a significant step for crypto-native banking integration.
TREE NEWS update: The National Sheriffs’ Association has shifted to a neutral stance on the CLARITY Act, retracting its earlier opposition over consumer protection concerns. The law enforcement group will now ‘step back and allow the legislative process to proceed,’ potentially easing a hurdle for the bill.
TREE NEWS reports: A new analysis by Cornell Tech Policy Institute estimates that exempting small digital asset purchases from capital gains tax could increase U.S. federal revenue by about $859 million over the next decade. Senator Cynthia Lummis’s S. 2207 bill would exempt qualifying purchases under $300, with an annual cap of $5,000. The study suggests each $100 qualifying payment could yield $3.18 in net federal income.
TREE NEWS update: Binance founder Changpeng Zhao met with Kazakhstan’s Deputy Prime Minister and Minister of Digital Development, Zhaslan Madiyev, on September 4, praising the country’s rapidly growing cryptocurrency industry. Madiyev, a former general manager of Binance Kazakhstan (2022-2024), has held his current ministerial role since May 2024 and was promoted to deputy PM in 2025-2026.
TREE NEWS update: U.S. Commerce Secretary Howard Lutnick disclosed income of at least $250 million in his latest annual ethics filing, mostly from his prior stake in Cantor Fitzgerald. The filing shows he resigned from Cantor and hundreds of entities in February, the month he was sworn into office.
TREE NEWS update: The Federal Reserve Board announced the termination of enforcement actions with United Texas Bank, Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp. The actions were lifted as of the announcement date. Specific terms of the original enforcement actions were not disclosed.
TREE NEWS update: AMC Entertainment CEO Adam Aron said the company has no connection to Robinhood’s tokenized shares, calling them ‘vile’ and stating he has sent them to securities counsel. Robinhood’s disclosures admit the tokens are unregistered, offshore, and carry no shareholder rights. Aron emphasized AMC’s lack of association with the tokens.
TREE NEWS update: President Donald Trump on Friday threatened to halt trade with countries running surpluses against the U.S. unless the Federal Reserve cuts interest rates, calling it “better than tariffs.” In a Truth Social post, he argued high rates put America at an unfair disadvantage and urged the Fed to act as “patriots.”
TREE NEWS update: Revolut and OpenReserve received preliminary approval from the Office of the Comptroller of the Currency to form US national banks, with both planning to offer cryptocurrency and stablecoin-related services. The approvals mark a step toward expanding their digital asset offerings under US banking regulations.
TREE NEWS update: New York City Mayor announced that starting in the 2026-2027 school year, students in public elementary and middle schools will be prohibited from using generative artificial intelligence. The city also introduced a new screen time management policy.
TREE NEWS update: The Shenzhen Stock Exchange took self-regulatory measures against 95 cases of abnormal securities trading from August 31 to September 4, 2026, involving tactics like intraday pumping and dumping and false orders. It also reviewed 13 major events of listed companies and referred 2 suspected violations to the CSRC.
TREE NEWS update: China’s National Radio and Television Administration issued a management notice on May 4, requiring streaming platforms to review all micro-dramas uploaded by users, enforcing a ‘must-review-every-broadcast’ policy. User-uploaded micro-dramas meeting Category I or II standards must obtain a distribution license or approval document, and platforms are barred from disseminating personal uploads of special-topic micro-dramas.
TREE NEWS update: China’s State Administration for Market Regulation (SAMR) concluded 298 concentration-of-undertakings reviews in the first half of the year, prohibiting one and conditionally approving two. The regulator also publicly penalized four cases of illegal concentration. The data was released by SAMR on Tuesday.