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Kraken Parent Payward Acquires Magic Wallet, Adding Technology Behind 60M Wallets

Key Takeaways Payward agreed to buy Magic’s wallet unit, adding technology behind 60M+ wallets to Kraken’s stack. Magic’s $10B volume and 200,000 developers could deepen Payward’s enterprise crypto reach. Payward will integrate Magic’s 60M-wallet tech as Newton Labs shifts to Newton Protocol. Newton Labs Sells Magic Wallet Business to Focus Fully on Onchain Authorization Payward,…

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CLARITY Act would weaken state fraud powers, James warns

New York Attorney General Letitia James has urged Congress to revise the CLARITY Act, warning that the crypto market structure bill could restrict states from prosecuting fraud and enforcing investor protection laws. Summary James said the bill could preempt state investor protection laws and weaken local enforcement. State and local authorities account for about 98.8%…

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