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TD Bank Makes History as First US Bank to Plead Guilty to Money Laundering Conspiracy

[Oct 14 1:30 AM] TD Bank, one of the largest financial institutions in the U.S., has agreed to pay a record $3 billion penalty, the largest ever under the Bank Secrecy Act, after pleading guilty to felony charges. The bank is the largest in U.S. history to plead…

New York Regulator Hiring Blockchain Analyst to Tackle Crypto Crimes

[Oct 7 11:20 AM] New York’s financial regulator has a job opening for a Virtual Currency Senior Blockchain Analytics Analyst. The permanent position focuses on preventing financial crimes such as money laundering and fraud by ensuring compliance in the…

Fed hits Texas bank with cease and desist over servicing crypto firms

[Sep 5 4:16 AM] The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures.

US mulls applying fiat reporting mandate on crypto transfers

[Aug 19 8:27 AM] The US Treasury and Federal Reserve plan to redefine “money” used under the Bank Secrecy Act, as they aim to include cryptocurrencies and digital assets in new reporting requirements.

Sens. Lummis, Wyden oppose Justice Dept. stance on Tornado Cash charges

[May 13 1:29 PM] If the Justice Dept. prevails in the case against the cryptocurrency mixer, internet service providers and the post office may also be liable to transmitter requirements, they said.

Warren’s Crypto Bill Is Likely Unconstitutional. It’s Also Unlikely to Pass

[Dec 12, 2023 1:54 PM] Democratic lawmakers signed on to sponsor the Digital Asset Anti-Money Laundering Act. The bill is bad for crypto in the U.S., even if it never gets through Congress.

Binance charges prove 'following the rules' was the right decision: Coinbase CEO

[Nov 21, 2023 3:46 PM] Brian Armstrong reflected on the announcement of criminal charges against Binance, stating that Coinbase’s decision to get licenses was correct.

Hamas' Crypto Ties May Lend Energy to Sen. Warren's Money Laundering Bill

[Oct 13, 2023 12:03 PM] The revelations that the terrorist group behind last week’s attack on villages in southern Israel that left more than 1,200 Israelis dead was partially funded with cryptocurrency may lend additional weight to an effort from Sen. Elizabeth Warren…

CTFC cracks down on DeFi protocols Opyn, ZeroEx and Deridex

[Sep 7, 2023 5:38 PM] The commodities regulator handed out fines of $250,000, $200,000, and $100,000 respectively to the three firms in addition to cease and desist orders.

Tornado Cash indictment fails to show ‘clear violation’ of certain laws: Coin Center

[Aug 23, 2023 8:51 PM] Coin Center research director Peter Van Valkenburgh argued that crypto mixer Tornado Cash is an anonymizing software provider, not a money transmitter.

CATO Institute: CBDC the ‘Single Largest Assault to Financial Privacy Since Creation of Bank Secrecy Act’

[Apr 9, 2023 1:30 AM] A central bank digital currency (CBDC) may turn out to be the “single largest assault to financial privacy since the creation of the Bank Secrecy Act,” a policy analysis document released by CATO Institute has said. To stop the U.S…

Report: Confirmation of Silvergate’s $8 Billion Deposit Plunge Sees Stock Price Drop by More Than 40%

[Jan 6, 2023 3:30 PM] The price of the crypto-focused bank Silvergate Capital’s shares fell by over 40% after it reported a more than $8 billion drop in customer deposits. The share price plunge came just days after U.S. prosecutors reportedly seized collapsed…

Silvergate CEO calls out 'short sellers' spreading misinformation

[Dec 6, 2022 1:00 AM] In the statement, Lane also took the opportunity to "set the record straight” about its investment relationship with FTX and the firm's “robust risk management approach.”