41 / 42 Relevant items tagged with #UnitedStates

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US regulator to seek feedback on DeFi's impact on financial crime

[Dec 8, 2022 12:30 AM] A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.

Proactive sanctions can help spare the ecosystem: Chainalysis exec

[Dec 7, 2022 7:53 AM] Andrew Fierman highlighted the nuances of sanctions depending on who is involved, what is at stake and where they’re coming from.

US lawmakers want State Department to justify crypto rewards and disclose payouts

[Dec 7, 2022 3:27 AM] The State Department should submit a report on the use of cryptocurrencies as a viable reward payout with evidence that suggests it's more encouraging for whistleblowers.

Rep. Cawthorn fined for ethics breach over Let’s Go Brandon token promo

[Dec 6, 2022 10:01 PM] The Ethics Committee couldn’t agree if the Representative sought to profit from his promotions but he was fined for it regardless and for also not declaring a “gift” of the token.

US lawmakers request answers from Silvergate over ties to FTX: Report

[Dec 6, 2022 9:46 AM] Three senators said they were concerned about Silvergate following reports suggesting that the bank "facilitated the transfer of FTX customer funds to Alameda."

Texas enforcers want Sam Bankman-Fried to attend the hearing in February: Law Decoded

[Dec 6, 2022 3:00 AM] The Texas State Securities Board (SSB) invited the former CEO to attend the hearing on the alleged sale of unregistered securities on Feb. 2.

US House committee chair pushes back against SBF's excuse to potentially delay testimony

[Dec 5, 2022 3:47 PM] "It is imperative that you attend our hearing on the 13th, and we are willing to schedule continued hearings if there is more information to be shared later,” said Maxine Waters.

Nexo leaving US, says country lacks clear regulations

[Dec 5, 2022 3:00 PM] The crypto lending platform says it will no longer accept new registrations, and operations for existing customers will eventually be wound down.

Crypto community baffled by SBF dictating terms over congressional hearing

[Dec 5, 2022 4:21 AM] Many in the crypto community pointed towards Bankman-Fried’s political donations and good Democratic connections via his parents, being one of the key reasons for him to evade arrest.

Regulators face public ire after FTX collapse, experts call for coordination

[Dec 4, 2022 8:34 AM] U.S regulators and their failure to avoid another crypto contagion have raised a lot of questions over their credibility.

Binance hires audit firm that served Donald Trump to verify crypto reserves

[Dec 1, 2022 5:19 AM] Mazars’ U.S. division was the longtime accounting firm for former United States President Donald Trump’s company.

EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'

[Nov 30, 2022 8:29 PM] Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil.

Senate Banking Committee chair calls for coordination with Treasury on crypto

[Nov 30, 2022 1:00 PM] The committee chair cited crypto exchange FTX’s “alarming fraud”, liquidity crunch, and bankruptcy as an example of financial risk Treasury and regulators should address.

Gemini gets regulatory greenlight in Italy, Greece amid lending halt

[Nov 30, 2022 6:06 AM] Winklevoss’ Gemini exchange received the latest regulatory approvals days before its lending product Gemini Earn faced major issues.

US lawmaker questions major crypto exchanges on consumer protection amid FTX collapse

[Nov 29, 2022 3:45 PM] Binance, Coinbase, Bitfinex, Gemini, Kraken and KuCoin were targets of one senator's probe into protections the firms had in place if a failure similar to FTX's occurred again.

US House committee sets Dec. 13 date for FTX hearing

[Nov 28, 2022 2:45 PM] The House event, titled "Investigating the Collapse of FTX," will follow a similar hearing in the Senate Agriculture Committee scheduled for Dec. 1.

Kraken settles with US Treasury's OFAC for violating US sanctions

[Nov 28, 2022 1:13 PM] The U.S.-based crypto exchange agreed to pay more than $362,000 as part of a deal “to settle its potential civil liability” related to violating sanctions against Iran.

Line shuts down crypto exchange to focus on blockchain and LN token

[Nov 28, 2022 3:50 AM] The Japanese messaging giant will still continue to support its Line blockchain ecosystem and the Link token despite the ongoing industry challenges.

Canada crypto regulation: Bitcoin ETFs, strict licensing and a digital dollar

[Nov 26, 2022 9:01 AM] The first and the last major attempt to encourage a comprehensive crypto framework was buried in the House of Commons on Nov. 23.

SEC chair's crypto oversight strategy in question as ecosystems collapse

[Nov 26, 2022 1:30 AM] Congressman Tom Emmer showed concerns about the oversight strategy implemented by Gary Gensler, the chair of the U.S. Securities and Exchange Commission for the crypto ecosystem.

US lawmakers ask DOJ hold FTX execs accountable 'to the fullest extent of the law'

[Nov 23, 2022 1:11 PM] “The fall of FTX was not simply a result of sloppy business and management practices, but rather appears to have been caused by intentional and fraudulent tactics," said the letter.

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels

[Nov 23, 2022 8:00 AM] A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or renew their permits for the next two years as a…

Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme

[Nov 23, 2022 6:30 AM] Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and a fake virtual currency bank, laundered their…

US Sen. Elizabeth Warren says crypto will ruin economy —community responds

[Nov 23, 2022 3:49 AM] Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX crypto exchange to crypto ruining the entire economy, did not go unnoticed by the online crypto community.

New York AG pushes prohibition of crypto purchases via retirement funds

[Nov 23, 2022 3:20 AM] The NYAG clarified that digital assets differ from blockchain technology, and it has no issues with citizens purchasing stakes in publicly traded blockchain-based businesses in retirement accounts.

Approving a spot crypto ETF is 'all about political power' — Perianne Boring

[Nov 22, 2022 3:55 PM] According to the Chamber of Digital Commerce CEO, passing any kind of legislation — including bills on crypto and blockchain — will be "incredibly difficult" in a divided government.

Report: China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’

[Nov 22, 2022 3:00 PM] During the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of gold in Q3 2022. The study highlighted that it was the…

US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify

[Nov 21, 2022 3:30 PM] The hearing, titled 'Why Congress Needs to Act: Lessons Learned from the FTX Collapse', will be one of the first in which U.S. lawmakers explore what happened with the exchange.

Election tally: Does blockchain beat the ballot box?

[Nov 21, 2022 8:01 AM] With election integrity under assault in the United States and elsewhere, is blockchain technology part of the solution? Greenland explores voting options.

Celsius bankruptcy victims get proof-of-claim deadline from US court

[Nov 21, 2022 4:32 AM] The situation surrounding the Celsius bankruptcy continues as U.S. regulators set a deadline for those affected by the situation to file a proof claim against the company.