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Significant Decline In Cyprus Road Fatalities: A Positive Trend For The EU

In 2023, the island recorded 34 road deaths, an 8.1% decrease from 2022, where 37 fatalities occurred.

This decrease is among the sharpest improvements in road safety within the European Union.

Across the European Union, 20,380 traffic-related deaths were recorded in 2023, marking a 1.3% year-on-year reduction. While the overall decline is marginal, these statistics highlight a positive trend.

Cyprus stands out with a road fatality rate of 36 per million inhabitants, significantly lower than the EU average of 46 per million.

Countries like Sweden, Denmark, and Malta have also shown exemplary road safety records, while Bulgaria and Romania face higher challenges.

The steepest drop in EU road deaths occurred in 2020, aligned with the global pandemic lockdowns. Yet, Cyprus didn’t mirror this trend, recording 48 road deaths in 2020.

Nonetheless, since then, Cyprus has consistently improved, with road fatalities dropping from 45 in 2021 to 34 in 2023.

With sustained efforts in road safety education and infrastructure, Cyprus is poised to continue this positive trend.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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