The former chair of Singapore’s financial watchdog has become the city-state’s next president. Australian lawmakers have sent the crypto bill presented by Senator Andrew Bragg back for minor amendments, after a long delay before the report was published. Meanwhile, the native token of the Gala ecosystem, GALA, has slumped after two co-founders filed separate lawsuits against each other.

Regulator who called crypto ‘highly risky’ becomes Singapore’s next president

Former Singaporean finance minister Tharman Shanmugaratnam won the country’s presidential race this past weekend—an outcome that received mixed reactions from the crypto community.

Tharman Shanmugaratnam announces presidential victory on Sept. 2. Source: Facebook (NASDAQ:)

Australian lawmakers send back crypto bill by Andrew Bragg

GALA price slumps after founders lock horns in court

GALA token 7-day price chart. Source: Cointelegraph Markets Pro