6 / 7 Relevant items tagged with #USGovernment
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Unwinding the hyperbole: Are US-based crypto firms really being ‘choked’?
[Apr 3, 2023 7:00 AM] Are U.S. agencies conspiring to “un-bank” crypto and put Binance out of business?
Stress test? What Biden’s bank bailout means for stablecoins
[Apr 2, 2023 8:13 AM] A major stablecoin depegging event raised concerns about the stability of these assets amid a U.S. banking crisis. The result may have been an improvement in their position in traditional finance.
Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review
US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker
[Apr 1, 2023 11:30 AM] According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this…
Binance vs. CFTC: Latest court battle could alter crypto landscape in US
[Apr 1, 2023 7:30 AM] The CFTC lawsuit against Binance could prove to be the beginning of the end for the crypto exchange in the United States, according to many market pundits.
U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month
[Mar 31, 2023 9:53 AM] The U.S. sold 9,861.17 bitcoin ($216 million) on March 14, according to a court filing.
FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense
[Mar 29, 2023 4:00 PM] According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that…
A friend in need: How the crypto industry reacts to recent bank bailouts
[Mar 27, 2023 7:01 AM] With a focus on sovereignty and creating an alternative to traditional financial systems, how is the crypto community reacting to government intervention in the recent bank crisis?
US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion
[Mar 26, 2023 10:30 AM] As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020…
Crypto reform coming to US in 2023, says former White House chief of staff
[Mar 23, 2023 7:00 AM] SVB’s epic failure occurred “at a bank that happened to deal with crypto customers” but “was not a crypto-induced problem,” said Mick Mulvaney.
Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion
SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse
[Mar 19, 2023 5:28 AM] The invitation was mediated by former CFTC Commissioner Mark Wetjen, who joined FTX US as the Head of Policy and Regulatory Strategy in Nov. 2021.
Peter Schiff blames ‘too much gov’t regulation’ for worsening financial crisis
[Mar 19, 2023 1:04 AM] Finding the right balance between regulations and banking institutions is important for Schiff, considering that Puerto Rico regulators closed down Schiff’s bank due to non-compliance.
Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply
[Mar 16, 2023 12:00 PM] The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources…
ARK Invest’s Cathie Wood Claims Current Banking Crisis Was Inevitable
[Mar 15, 2023 2:48 AM] Cathie Wood, the founder of ARK Invest, an American investment management firm that invests in disruptive technologies, including exposure to cryptocurrencies, thinks the current banking crisis in the United States was inevitable. The U.S. Banking…
Moody’s Expect U.S. Banks To Deteriorate, Boon For Bitcoin?
Marathon Digital: Deposits held at Signature Bank are secure and available
[Mar 13, 2023 4:38 PM] The company disclosed that it has approximately $142 million in cash deposits at Signature Bridge Bank, which was set up by the FDIC after the shutdown of Signature Bank.
US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations
[Mar 2, 2023 9:30 AM] On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech…
Crypto Neobank Wallbit Leaves Venezuela Due to Sanctions
[Feb 28, 2023 6:30 AM] Wallbit, a crypto-enabled neobank, announced it would stop serving users in Venezuela after its banking partner in the U.S. called on it to do so. The platform announced this move was the direct result of the economic sanctions that the country is…
Is the SEC’s action against BUSD more about Binance than stablecoins?
[Feb 27, 2023 8:02 AM] The SEC’s enforcement action against BUSD raises questions about whether the regulatory body is focused on the stablecoin market or the crypto exchange Binance.
Bitcoin retirement plans elicit caution from regulators
[Feb 24, 2023 9:01 AM] Some investment experts believe adding digital assets to retirement funds could make sense when the market becomes more stable, but not right now.
Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry
[Feb 18, 2023 9:30 AM] Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law…
SEC vs. Kraken: A one-off or opening salvo in an assault on crypto?
[Feb 17, 2023 9:12 AM] The U.S. Securities and Exchange Commission may be focused on custodial staking programs today, but does it also have proof-of-stake blockchain networks in its sights?
Crypto and securities: New interpretation of US Howey test gaining ground
[Feb 9, 2023 8:01 AM] Lewis Cohen headed a team researching Howey-related case law to propose an application that differentiates between primary and secondary transactions.
Crypto and psychedelics: Clarifying regulations could help industries grow
[Feb 8, 2023 8:46 AM] It’s a long road to federal legalization, but opposition to psychedelics is waning at the state level and Capitol Hill.
Tax strategies allow crypto investors to offset losses
[Feb 4, 2023 8:01 AM] Reporting cryptocurrency when filing taxes can help investors offset their losses.
What crypto hodlers should keep in mind as tax season approaches
[Feb 2, 2023 8:01 AM] Filing crypto taxes can be complex, especially for those exploring the decentralized finance world. Here’s what to keep in mind.
Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program
[Jan 31, 2023 3:15 PM] According to SIMBA Chain, the investment will go toward developing blockchain applications that will be used by several government organizations.
US Government Seizes $700 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-Fried
[Jan 21, 2023 10:30 AM] Federal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 million, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank…