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Former Singapore Financial Watchdog Chair Elected as President, Australian Crypto Bill Sent for Amendments, GALA Token Slumps amid Co-Founder Lawsuits

Algoine News
Summary:
Tharman Shanmugaratnam, former chair of Singapore's financial watchdog, becomes the city-state's next president. Australian lawmakers send Senator Andrew Bragg's crypto bill back for amendments. GALA token slumps as co-founders file lawsuits against each other.
Tharman Shanmugaratnam, the former chair of Singapore's financial watchdog, has been elected as the country's next president. Shanmugaratnam, who previously referred to crypto as a "highly risky" investment, secured over 70% of the popular vote and is set to assume office on September 14. Meanwhile, Australian lawmakers have sent Senator Andrew Bragg's crypto bill back for minor amendments after a significant delay in publishing the report. In other news, the native token of the Gala ecosystem, GALA, has experienced a decline in value as two co-founders have filed separate lawsuits against each other, involving allegations of theft and corporate waste.

Published At

9/4/2023 8:51:49 PM

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