Illustration: Rebecca Zisser/Axios

Ohio made headlines for becoming the first state to let its residents pay their taxes with Bitcoin, but that's not all the important industry news this week.

Catch up quick: The U.S. Security and Exchange Commission settled charges against Floyd Mayweather Jr. and DJ Khaled for promoting ICOs; a judge told the Securities and Exchange Commission it hasn't shown that an initial coin offering is a security offering; and Steemit laid off 70% of its staff, citing a crypto bear market.

SEC settles charges against Floyd Mayweather Jr. and DJ Khaled for promoting ICOs (SEC website)

  • Why it matters: This is the first action against celebrities for promoting ICOs without disclosing they were paid to do so. The move comes at a time when regulators and lawmakers are figuring out whether tokens are securities while celebrities are also facing increased scrutiny over disclosing when they're paid for promotions.

Judge to SEC: You haven't shown this ICO is a security offering (

  • Why it matters: The SEC's chairman has said that every one he's seen so far qualifies. However, a California federal judge has denied the SEC's request for a preliminary injunction against a company, arguing that it hasn't yet shown that the digital tokens it sold are securities. This is a reminder that regulators and the courts could see things differently, potentially creating more uncertainty for the industry.

Steemit lays off 70% of its staff, citing crypto bear market (CoinDesk)

  • Why it matters: Startups developing blockchain tech and digital tokens have to navigate the effects of the market on their finances and business model. But they also have to nail traditional startup basics like keeping costs low, something Steemit, which created a social media service that runs on blockchain technology, says it's going to focus on now.

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Justice Department sues Google over alleged search monopoly

Illustration: Lazaro Gamio/Axios

The Justice Department and 11 states Tuesday filed an antitrust lawsuit against Google, accusing the company of using anticompetitive tactics to illegally monopolize the online search and search advertising markets.

Why it matters: The long-awaited suit is Washington's first major blow against the tech giants that many on both the right and left argue have grown too large and powerful. Still, this is just step one in what could be a lengthy and messy court battle.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 5 million infections.

In photos: Florida breaks record for in-person early voting

Voters wait in line at John F. Kennedy Public Library in Hialeah, Florida on Oct. 19. Photo: Eva Marie Uzcategui/AFP via Getty Images

More Floridians cast early ballots for the 2020 election on Monday than in the first day of in-person early voting in 2016, shattering the previous record by over 50,000 votes, Politico reports.

The big picture: Voters have already cast over 31 million ballots in early voting states as of Tuesday, per the U.S. Elections Project database by Michael McDonald, an elections expert at the University of Florida.