38 / 43 Relevant items tagged with #UnitedStates
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SEC chair issues warning to celebrities promoting crypto amid latest enforcement action
[Feb 17, 2023 12:00 PM] Gary Gensler said investors in crypto projects “should know why celebrities are making those endorsements,” as Kim Kardashian and Paul Pierce did for EMAX through social media.
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?
Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs
[Feb 17, 2023 6:30 AM] Bitcoin mining operation Cleanspark has acquired 20,000 brand-new Bitmain mining rigs for $43.6 million, the company reported. Once installed, Cleanspark expects to increase its capacity by 37% by adding roughly 2.44 exahash per second (EH/s) to…
US lawmakers reintroduce bill to removing roadblocks for crypto investments in retirement accounts
[Feb 15, 2023 3:48 PM] Four Republican senators have signed on to a bill aimed at barring the U.S. Department of Labor from investigating individuals “using brokerage windows to invest in cryptocurrency”.
Kansas state lawmakers look to cap crypto political donations at $100
[Feb 15, 2023 12:15 PM] Under the proposed amendments, crypto campaign contributions under $100 were acceptable, provided the receiver immediately convert the funds to USD and not HODL them.
El Salvador to open a ‘Bitcoin Embassy’ in the United States
[Feb 15, 2023 6:15 AM] After debuting a Bitcoin Embassy in Switzerland’s city of Lugano, El Salvador continues expanding its BTC strategy with a new partnership with Texas.
Binance CEO: crypto industry will probably move to non-dollar stablecoins
[Feb 14, 2023 3:45 PM] The Binance CEO claimed that algorithmic USD stablecoins may become more popular as well, although they “have risks.”
Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake
[Feb 14, 2023 1:00 PM] Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after…
US lawmakers and experts debate SEC's role in crypto regulation
[Feb 14, 2023 1:00 PM] Senator Tim Scott questioned whether the SEC had been "asleep at the wheel" amid major bankruptcies in the crypto space causing the loss of millions in user funds.
US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal Battles
[Feb 12, 2023 11:00 PM] A new study on digital currency-related lawsuits since 2018 shows a 42% increase in crypto lawsuits in 2022. The highest number of claims in a single year was recorded last year, with 41 total claims in the United States. The research also shows…
House Republicans Demand Answers From SEC Over FTX Co-Founder’s Arrest
[Feb 12, 2023 11:00 AM] On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (SEC) chairman Gary Gensler seeking answers about…
Consumer Federation of California reattempts to regulate crypto companies
[Feb 12, 2023 3:16 AM] Assemblymember Timothy Grayson introduced the Digital Financial Assets Law to protect Californians from financial hardship and foster responsible innovation.
SEC enforcement against Kraken opens doors for Lido, Frax and Rocket Pool
[Feb 10, 2023 2:13 PM] Kraken has put an end to staking as a service, and Coinbase could eventually be forced to follow suit. Will this create opportunities for LDO, FXS and RPL?
US lawmakers question SEC chair on timing of Sam Bankman-Fried’s arrest
[Feb 10, 2023 1:30 PM] “The timing of the charges and his arrest raise serious questions about the SEC’s process and cooperation with the Department of Justice,” said Representatives McHenry and Huizenga.
SEC chair issues warning to crypto firms after action on Kraken staking
[Feb 10, 2023 9:30 AM] “Don’t have your hand in the customer’s pocket, using their funds for your own platform," Gary Gensler said to companies that needed to register with the SEC.
Stablecoin issuer Paxos reportedly probed by New York regulators
[Feb 9, 2023 11:42 PM] While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year.
Mississippi senate passes bill to protect cryptocurrency miners from discrimination
[Feb 9, 2023 3:54 PM] The state already has crypto miners, the bill to protect them still has to pass the house of representatives and be signed by the governor.
Kraken reaches $30M settlement with SEC over staking
[Feb 9, 2023 2:52 PM] “Kraken not only offered investors outsized returns untethered to any economic realities, but also retained the right to pay them no returns at all,” said Gurbir Grewal.
Banks under pressure from U.S. authorities to cut ties with crypto firms
[Feb 9, 2023 2:00 PM] United States authorities are allegedly discouraging banks from offering services to the crypto industry.
Crypto Council for Innovation GC to testify at US Senate 'crypto crash' hearing
[Feb 8, 2023 4:07 PM] Linda Jeng will appear as a witness alongside law professor Yesha Yadav and Duke Financial Economics Center policy director Lee Reiners.
3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery
[Feb 8, 2023 12:30 PM] According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via…
NYU to launch Web3 learning workshop in partnership with NEAR protocol
[Feb 8, 2023 3:30 AM] The course is exposing students to the technology underlying the industry, the industry at large and hands-on experience working with Web3 tools.
Long-standing crypto project vs. scam: Ava Labs CEO shares key difference
[Feb 7, 2023 7:33 AM] Ava Labs CEO has condemned players that jump into every single new coin offering or token in the hopes that they will go up.
Did dYdX violate the law by changing their tokenomics?
[Feb 6, 2023 1:44 PM] The dYdX Foundation made an abrupt change to its project’s tokenomics, but it may have done so in consultation with its attorneys.
FTX-tied townhouse in Washington DC unlisted: Report
[Feb 4, 2023 10:42 AM] A few blocks from the U.S. Capitol, the townhouse belongs to Guarding Against Pandemics, a nonprofit organization founded by Gabriel Bankman-Fried, SBF's brother.
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.
Sam Bankman-Fried's holding company files for bankruptcy
[Feb 3, 2023 3:45 PM] Emergent Fidelity Technologies filed for Chapter 11 in U.S. Bankruptcy Court for the District of Delaware to pursue a “form of joint administration” between its case and FTX's.
CFTC head looks to new Congress for action on crypto regulation
[Feb 3, 2023 2:30 PM] "I will continue to engage and provide technical assistance to draft legislation, as requested,” said Rostin Behnam.
US Congress to hold ‘crypto crash’ hearing on Feb. 14
[Feb 3, 2023 12:30 PM] The “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets” hearing will come two months after senators met to discuss the collapse of FTX.