City Elizabeth, county Warren Financial News

07.08 / 20:37

regulation IRS FTX Taxes creditors NOT FTX has a plan, but creditors are not impressed: Law Decoded

FTX has outlined its intended reorganization plan, which will categorize claimants of the bankrupt exchange into specific classes and pave the way for it to become operational as an offshore entity. However, a body representing FTX customers said it is “extremely disappointed” by the plan.

04.08 / 19:11

Government Law regulation Money laundering lawmakers US lawmakers US lawmakers urge White House to address North Korea's use of digital assets: Report

Three members of the United States Senate have reportedly sent a letter to the White House and Treasury Department in an effort to crack down on North Korea using cryptocurrency to fund its nuclear program and evade sanctions.

04.08 / 18:21

Blockchain Digital Caseys Warren and Sanders Urge IRS and Treasury to Enforce Rules Against Crypto Tax Evaders

Almost two years after Biden’s infrastructure bill became law, two high-profile Democrat senators are keen on ensuring that crypto reporting requirements within the bill are properly enforced.

03.08 / 05:49

Law regulation IRS Taxes Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’

A number of United States’ lawmakers have urged the Internal Revenue Service (IRS) and the Treasury to speed up the closure of tax loopholes being exploited by “crypto tax evaders.”

31.07 / 20:05

Binance CFTC regulation SEC First major success in US Congress for two crypto bills: Law Decoded

Last week, the United States took a step closer to regulatory clarity for its crypto industry. In a 35–15 vote, the House Financial Services Committee (FSC) approved the Financial Innovation and Technology for the 21st Century Act. The bill is intended to establish rules for crypto firms on when to register with either the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC).

29.07 / 16:19

regulation crypto regulation Elizabeth Warren crypto rules Bank Policy Institute Supports Elizabeth Warren's Push for Stricter Crypto Rules

The Bank Policy Institute (BPI), an organization that advocates for the banking industry in the US, has publicly backed Senator Elizabeth Warren's efforts to tighten regulations for cryptocurrencies.

29.07 / 07:51

regulation Gemini banking Winklevoss Twins US banking advocacy group supports Sen. Warren’s reintroduced crypto bill

United States banking advocacy group, the Bank Policy Institute (BPI), has backed the legislation of Senator Elizabeth Warren, a vocal crypto critic, which calls for more transparency in digital assets to combat financial crime.

28.07 / 16:13

National US Senate Passes National Defense Bill: Here’s How It Affects Crypto

The bill's implication on the industry is far-reaching as it affects privacy coins, crypto mixers, and several digital asset exchanges.

28.07 / 11:17

Government regulation us government National Mixers Crypto mixers US Senate approves national defense bill that also targets crypto mixers

The United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion on the evening of July 27. The bill includes a provision that targets crypto mixers, anonymity-enhancing coins and institutions that are engaging in crypto trading.

27.07 / 15:31

UPS Target BLOCK Reuters Boeing Deal L3Harris says deal for Aerojet gets go-ahead from U.S. regulator

(Reuters) — Aerospace and defense company L3Harris Technologies (NYSE:LHX) on Wednesday said it was informed that the U.S. Federal Trade Commission would not block its $4.7 billion deal for Aerojet Rocketdyne.

21.07 / 04:19

COST Twitter SEC Action Fighting social Twitter to subpoena senator Elizabeth Warren over communications with US agencies

Twitter, which has asked a court to terminate a consent order struck last year with the Federal Trade Commission (FTC) related to data breaches, said in a court filing on Thursday that it planned to subpoena senator Elizabeth Warren in connection with the fight. After billionaire Elon Musk took over Twitter last year, the company laid off thousands of employees and drastically cut costs, prompting questions about whether it had the resources to comply with the FTC consent order.

12.07 / 13:03

Facebook COST Target BLOCK Software lawmakers 3 tax prep firms shared 'extraordinarily sensitive' data about taxpayers with Meta, lawmakers say

Some congressional Democrats say three large tax preparation firms sent “extraordinarily sensitive” information on tens of millions of taxpayers to Facebook parent company Meta over at least two years

05.07 / 15:17

Government Law SEC Opinion Court The Supreme Court could stop the SEC’s war on crypto

When the leaders of the American Revolution signed the Declaration of Independence on July 4, 1776, they had no guarantee of victory. The battle for independence was underway, and their prospects were uncertain. Despite occasional victories, these audacious freedom fighters were grossly outnumbered and had difficulty retaining volunteer soldiers. Their commitment to the cause of freedom was their only fighting chance.

22.06 / 21:11

regulation SEC Europe European Union Crypto enthusiasts are wrong to target Gary Gensler

The animus of the entire crypto world is focused on Securities and Exchange Commission Chair Gary Gensler.

14.06 / 01:13

Binance Ripple Merit Action coinbase Gemini Democrats may lose youth votes over anti-crypto sentiments, warns Winklevoss

Gemini co-founder Cameron Winklevoss has warned that the Democratic Party risks losing crucial support from younger voters due to what he perceives as an aggressive stance on cryptocurrencies by notable figures within the party. In a series of tweets, Winklevoss asserted that Democrats are alienating Millennials and Generation Z—groups which, he says, have wholly embraced the emerging asset class.

13.06 / 02:13

business Blockchain Adoption SEC us government Senate Internet consequences Fear of blockchain will have 'disastrous consequences' — Ava Labs CEO testimony

Ava Labs CEO Emin Gün Sirer will be calling on United States officials to “nurture” and “support” responsible blockchain innovation, warning that they face “disastrous consequences” if they don't.

12.06 / 09:09

SEC Elizabeth Warren Winklevoss Twins Predict 'War on Crypto' Will Harm Democratic Party

Crypto billionaire Cameron Winklevoss has warned that the ongoing war against crypto by Senator Elizabeth Warren and SEC Chain Gary Gensler would harm the Democratic party.

12.06 / 05:27

regulation Winklevoss Twins policies Elections Democrats ‘war on crypto’ will lose its key voters: Winklevoss twins

United States President Joe Biden and the Democratic Party risk losing its crucial youth voters as a result of its continued “war against crypto," according to the Winklevoss twins.

09.06 / 03:19

SEC DOJ Elizabeth Warren letter US Sen. Elizabeth Warren Says Binance Lied to Congress in Letter to DOJ Asking for an Investigation

Long-standing crypto skeptic Sen. Elizabeth Warren is asking US Department of Justice Attorney General Merrick Garland to investigate whether Binance lied to Congress.

08.06 / 15:49

business Binance regulation lawmakers US lawmakers Senators Binance may have lied to US lawmakers, argue senators: Report

Binance may have misled lawmakers in the United States about its business dealings and relationship with its local unit in a letter sent in March, Bloomberg reported on June 8.

06.06 / 20:32

Law regulation Banks Congress Senate Warren’s alleged work with short-seller shows anti-crypto army heating up

What do progressive Democrats, Republican national security hawks and Wall Street traders have in common? They are all apparently enlisting in United States Senator Elizabeth Warren’s “anti-crypto army.” The progressive senator’s reported alliance with Marc Cohodes, a Wall Street short-seller who profited from the recent carnage at crypto banks, is the latest example.

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