City Elizabeth, county Warren Financial News

22.01 / 14:19

Loan Silvergate Rescue Is The Federal Home Loans Bank System Carrying Out a Stealth Rescue of the 2 Biggest Crypto Banks?

Signature Bank and Silvergate, two of the biggest crypto banks, have received billions in loans from the Federal Home Loan Banks, a system originally designed to support housing finance and community investment.

21.01 / 20:57

business Banks Financial Services Financial Systems U.S. home-loan banks lent billions of dollars to crypto banks: Report

The United States Federal Home Loan Banks System (FHLB) is lending billions of dollars to two of the largest cryptocurrency banks in an effort to mitigate the effects of a surge in withdrawals, according to a report from The Wall Street Journal on Jan. 21.

20.01 / 17:17

FTX Bank Moonstone Bank is Closing the Accounts of its Crypto Clients to ’Refocus on Community Bank Role’

Moonstone Bank, a digital bank focused on serving high-net-worth individuals, has revealed that it is exiting the crypto space and will be refocusing on the "community bank" role.

14.01 / 20:51

FTX DOJ Ftx Trial DOJ Opposes Law Firm Tasked With FTX Investigation for Conflict of Interest

The US Department of Justice has opposed FTX hiring Sullivan & Cromwell, the law firm currently tasked with the exchange's investigation, citing potential conflicts of interest.

12.01 / 10:53

business regulation Court Lawyers letter Judge slams senators’ letter against FTX lawyers as ‘inappropriate’

The judge handling FTX’s bankruptcy has reportedly slammed a joint letter from four United States senators calling for an independent examiner in the case.

10.01 / 22:55

regulation Congress Bankruptcy lawmakers US lawmakers US lawmakers call on court to approve 'independent examiner' in FTX bankruptcy case

A group of four United States senators have criticized one of the law firms involved in the bankruptcy case of crypto exchange FTX for conflicts of interest.

07.01 / 00:39

business CEO Action Liquidity moody’s Silvergate gets more bad news as Moody’s slashes its ratings

Things seem to be going from grim to grimmer at Silvergate Bank, with a hit to its Moody’s rating and a selloff by Ark Invest. The bank already experienced a run and has been tied to the FTX collapse.

16.12 / 11:51

business Law regulation FTX Silvergate faces class-action lawsuit over FTX and Alameda dealings

A class-action lawsuit against Silvergate Bank, Silvergate Capital Corporation and Silvergate CEO Alan Lane was filed at the California Southern District Court concerning accounts held by embattled crypto companies FTX and Alameda Research.

15.12 / 15:25

regulation Money laundering AIM Senator Warren Takes Aim at 'Rogue Nations' Using Crypto for Terrorism and Sanction Evasion

Senator Elizabeth Warren has put forward a bipartisan bill that aims to crack down on money laundering loopholes in the crypto industry.

14.12 / 23:11

Law regulation AML Sens. Warren and Marshall introduce new money-laundering legislation for crypto

As the cryptoworld focused on the drama unfolding around FTX, United States Sen. Elizabeth Warren and Sen. Roger Marshall introduced the “Digital Asset Anti-Money Laundering Act of 2022” on Dec. 14. The seven-page bill would expand the classification of money service business (MSB), prohibit financial institutions from using technology such as digital asset mixers and regulate digital asset kiosks, otherwise known as automated teller machines (ATMs).

13.12 / 09:15

business regulation Senate Retirement Sen. Lummis still 'very comfortable' with Bitcoin in retirement plans

Pro-crypto United States senator Cynthia Lummis has remained steadfast in her support for Bitcoin (BTC) as part of diversified retirement plans, despite calls from her senator peers otherwise.

13.12 / 07:11

business Government Twitter Fried Sam Crypto Twitter explodes over the news of Sam Bankman-Fried's arrest

Crypto Twitter has blown up over the shocking news of Sam Bankman-Fried’s arrest in The Bahamas — many of whom weren’t expecting it to happen so soon.

12.12 / 08:05

Government regulation us government Senate US senator: There's 'no reason why' crypto should exist

Another crypto-skeptic United States senator is on the loose, with Democrat Jon Tester boldly stating that he sees “no reason why” crypto should exist.

08.12 / 21:39

Law regulation Banks Congress lawmakers US lawmakers US lawmakers question federal regulators on banks' ties to crypto firms

Two members of the United States Senate have called on the heads of federal financial regulators to address “ties between the banking industry and cryptocurrency firms” in the wake of FTX’s collapse.

07.12 / 06:11

Government CFTC SEC Senate Crypto will be regulated as securities — ICE boss and Senator Warren

Most cryptocurrencies are likely to be regulated as securities in the United States according to the CEO of Intercontinental Exchange Inc (ICE), Jeffrey Sprecher, and Senator Elizabeth Warren.

06.12 / 19:55

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

Three members of the United States Senate have reportedly penned a letter to Silvergate Bank requesting information about any relationship with FTX and business entities under former CEO Sam Bankman-Fried.

01.12 / 21:21

markets Binance Bitcoin Bitcoin Price Bitcoin price volatility expected ahead of Friday’s $430M BTC options expiry

Bitcoin (BTC) has been stuck below the $18,600 resistance for the past 19 days and while bears successfully breached the $16,000 support on Nov. 21, the 8% range is pretty narrow for an asset class with 60% annualized volatility.

01.12 / 01:09

Law regulation Senate Sen. Warren: Biden administration worked to stop crypto being 'dangerously intertwined' with banks

Referring to the events surrounding the collapse of FTX as “a handful of magic beans”, Massachusetts Senator Elizabeth Warren seemed to frame the “contagion” spreading through the crypto space as a partisan issue.

30.11 / 00:51

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

Ron Wyden, chair for the United States Senate Finance Committee, has requested information from six crypto firms on consumer protection following FTX’s liquidity issues and bankruptcy.

29.11 / 13:33

New York State First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28

The state of New York became the first one in the United States to impose a moratorium on proof-of-work (PoW) mining, albeit only for two years. Last week, New York governor Kathy Hochul signed the moratorium into a bill, prohibiting any new mining operations that aren’t based on 100% renewable energy. The renewal of licenses would also be frozen. In eight months, the anti-mining bill made its way from the first passing through the state Assembly to the governor’s pen.

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