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US Senators Push SEC to Stop Approving Spot Crypto ETFs — Say Other Crypto Markets Risker Than Bitcoin

[Mar 15 11:30 PM] Two U.S. senators have urged U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler to refrain from approving additional crypto exchange-traded fund (ETF) applications. The lawmakers cautioned: “However vulnerable bitcoin may be…

Democrats Ask SEC's Gensler to Block Approval of More Crypto ETPs

[Mar 15 2:16 AM] Senators say that retail investors face "enormous risks" from such products because thin order books for some cryptocurrencies.

CBDC Anti-Surveillance State Act Back in the Senate

[Feb 27 10:30 PM] The CBDC Anti-Surveillance State Act has been reintroduced in the Senate with the support of five U.S. senators. “As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal,” said one…

US Senators Introduce Bill ‘to Combat Illicit Use of Crypto Assets’ Through Public-Private Partnership

[Jan 19 8:30 PM] U.S. lawmakers have introduced a bill “to combat the illicit use of crypto assets.” The Preventing Illicit Finance Through Partnership Act “will allow federal regulators to work with the private sector to gain insight into the…

A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?

[Aug 7, 2023 10:29 AM] Crypto investors and their brokerages are waiting for a U.S. tax rule that will completely overhaul how they report their cryptocurrency taxes, but the government isn’t offering any straight answers about its holdup even as prominent lawmakers…

US Lawmakers Call on Congress to Pass Crypto Law Following SEC v Ripple Ruling on XRP

[Jul 15, 2023 4:00 PM] Several U.S. lawmakers have called on Congress to pass crypto legislation following the court ruling on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “Gary Gensler’s SEC cannot continue to pursue its…

U.S. Senators Introduce Bill Requiring Reports On El Salvador’s Bitcoin Adoption

[May 12, 2023 3:40 PM] A group of United States senators have introduced a bill requiring reports on the adoption of bitcoin as legal tender in El Salvador. The "Accountability for Cryptocurrency in El Salvador Act," introduced by Senator James Risch, Senator Bob…

Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’

[Mar 9, 2023 11:30 AM] After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.” According to Warren, she had previously warned about Silvergate…

Democratic Senators Push Against Meta’s Idea of Bringing the Metaverse to Teens

[Mar 6, 2023 5:00 AM] Meta, the social network company, is getting some pushback on its plan to market and bring Horizon Worlds, its flagship metaverse app, to teens. Democratic senators Ed Markey and Richard Blumenthal directed a letter to the company to halt these…

FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner

[Feb 15, 2023 5:00 PM] The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns…

FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns

[Feb 7, 2023 11:30 AM] Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge…

DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case

[Feb 3, 2023 12:30 PM] Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S. Trustee appointed by the Department of Justice has filed an opposition to the request. The U.S. Trustee explained that the…

Judge slams senators' letter against FTX lawyers as 'inappropriate'

[Jan 11, 2023 11:40 PM] Bankruptcy judge John Dorsey called the bipartisan letter “inappropriate," and that he won't take it into account in his decision for an independent examiner.

US Senator Calls Sam Bankman-Fried to Answer for Failure of FTX and Alameda Research

[Dec 8, 2022 8:30 PM] Two congressional hearings will be held next week on the collapse of cryptocurrency exchange FTX and U.S. lawmakers have asked former FTX CEO Sam Bankman-Fried (SBF) to testify. As the founder of FTX and Alameda Research, “you must answer for…