42 / 42 Relevant items tagged with #UnitedStates

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American CryptoFed registration at risk as SEC alleges filing anomalies

[Nov 19, 2022 11:31 PM] The SEC instituted administrative proceedings against American CryptoFed to determine the issuance of a stop order which would retract its registration and bar sales of in-house tokens, Ducat and Locke.

FTX leadership pressed for information by US subcommittee chairman

[Nov 18, 2022 9:22 PM] A letter by the chair of the Subcommittee on Economic and Consumer Policy demanded the former and current FTX CEOs turn over details of the exchange’s past and current financials.

Banks still show interest in digital assets and DeFi amid market chaos

[Nov 18, 2022 9:49 AM] Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions.

Breaking down FTX’s bankruptcy: How it differs from other Chapter 11 cases

[Nov 17, 2022 8:05 AM] The FTX bankruptcy has left creditors, investors and industry experts questioning what will happen next — Here is what we can expect.

Bahamian liquidators reject validity of FTX's US bankruptcy filing

[Nov 16, 2022 8:50 PM] The provisional liquidator overseeing the FTX Digital Markets bankruptcy proceedings says FTX wasn’t authorized to file for bankruptcy in the U.S without his approval.

Crypto skeptic Brad Sherman: federal financial regulators 'sound like Sam Bankman-Fried'

[Nov 16, 2022 11:46 AM] The U.S. lawmaker suggested four financial regulatory heads had done little to address “crypto billionaire bros” using digital assets for the evasion of sanctions and taxes.

FTX collapse was a ‘dumpster fire,’ says US lawmaker announcing investigative hearing

[Nov 16, 2022 10:00 AM] “There is no sugarcoating it: the FTX collapse has been a dumpster fire,” said House Financial Services Committee ranking member Patrick McHenry.

US reportedly considering Bankman-Fried extradition for questioning

[Nov 16, 2022 6:43 AM] Authorities in both countries are reportedly in conversation about whether to bring the former FTX CEO back to the United States.

FDIC to prioritize crypto risk assessment as banks perform poorly in Q2

[Nov 16, 2022 3:11 AM] With banks reporting $470 billion in unrealized losses and FDIC foreseeing the continuation of this trend, acting chairman Gruenberg believed banks must cautiously engage in crypto-asset activities.

FDIC acting chair says no crypto firms or tokens are backed by agency

[Nov 15, 2022 2:45 PM] Martin Gruenberg answered affirmatively to Senator Bob Menendez that there were “no cryptocurrency firms backed by the FDIC” and its coverage did not include crypto "of any kind.”

NY Fed launches 12-week CBDC pilot program with major banks

[Nov 15, 2022 11:15 AM] Banking giants including BNY Mellon, Citi, U.S. Bank, and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot.

FTX bankruptcy filing speculates over 1 million creditors

[Nov 15, 2022 7:37 AM] In the latest bankruptcy filing for the exchange, it was revealed that there may be 1 million creditors, rather than the 100,000 initially estimated.

US President Biden announces pick for FDIC chair

[Nov 14, 2022 4:11 PM] Martin Gruenberg was the FDIC’s acting chair while the agency issued cease-and-desist orders to crypto firms and suggested that payment stablecoins merited further consideration.

FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resigns

[Nov 11, 2022 8:36 AM] FTX CEO Sam Bankman-Fried has resigned from his position but will “remain to assist in an orderly transition” before being succeeded by John Ray.

FTX US resigns from the Crypto Council for Innovation

[Nov 10, 2022 2:45 PM] “The news this week has been shocking, but we’ve also seen the community come together,” said CCI CEO Sheila Warren.

Republican lawmaker claims SEC chair was coordinating with FTX 'to obtain regulatory monopoly'

[Nov 10, 2022 1:30 PM] Minnesota Representative Tom Emmer did not provide any evidence to his claim Gary Gensler was "helping SBF and FTX work on legal loopholes," but said he was looking into the matter.

US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX

[Nov 10, 2022 11:16 AM] “FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters.

Post-election roundup: Who were the pro- and anti-crypto winners and losers from the US Midterms?

[Nov 9, 2022 1:34 PM] Political newcomer and Bitcoin holder J.D. Vance will take Rob Portman's U.S. Senate seat in Ohio, but majority control of both chambers of Congress has yet to be decided.