United States Financial News
29.07 / 21:19
business
regulation
SEC
Court
D.C. Circuit reverses SEC ruling on SPIKES futures, calls it "arbitrary and capricious"
The U.S. Securities and Exchange Commission (SEC) suffered another setback on July 28 as the D.C. Circuit overturned a ruling by the regulator ordering that SPIKES Index securities should be treated as 'futures' rather than as 'securities futures'. The judge panel called the SEC order "arbitrary and capricious."
29.07 / 16:01
business
Banks
banking
Kansas Heartland Tri-State Bank closed by FDIC as banking crisis deepens
The ongoing crisis surrounding the U.S. banking system struck again as Heartland Tri-State Bank of Elkhart was closed on July 29 by the Kansas Office of the State Bank Commissioner, with the Federal Deposit Insurance Corporation (FDIC) taking control.
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.
29.07 / 02:59
Twitter
regulation
SEC
Financial Services
accountants
SEC crypto
Warning
Hester Pierce strikes back against SEC crypto warning to accountants
Hester Pierce, commissioner of the United States Securities and Exchange (SEC), has raised concerns about the watchdog's recent statement advising accounting firms against taking on non-audit work for crypto clients.
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.
28.07 / 04:53
Law
Stablecoin
regulation
Self Custody
week
'Historic week' as stablecoin, self-custody bills advance to House floor
The House Financial Services Committee has advanced another two landmark crypto bills previously under consideration — with one aiming to better regulate stablecoin issuers and another seen as positive for crypto self-custody in the United States.
27.07 / 18:08
regulation
Congress
Digital Asset
legislation
decentralized marketplace
us house
committee
'Pro crypto bill' passes out of US House Agriculture Committee
Tact was pervasive in the United States House of Representatives Agricultural Committee’s consideration of the Financial Innovation and Technology for the 21st Century Act on July 27. With many references to bipartisanship and self-congratulatory mentions of the members’ cooperation and hard work, the committee plowed through a series of amendments calmly and quickly.
27.07 / 16:47
business
Stablecoin
regulation
analyst
Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst
Stablecoins cannot be compared to bank deposits in terms of risk, argues a new policy paper authored by former Federal Reserve Board analyst Brendan Malone on behalf of technology investment firm Paradigm.
27.07 / 16:19
Law
Stablecoin
regulation
Congress
negotiations
Stablecoin Bill
Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations
United States House Financial Services Committee chair Patrick McHenry has pointed a finger at the Biden administration for the lack of bipartisan agreement on a stablecoin bill.
27.07 / 09:51
regulation
coinbase
regulatory
Coinbase CEO to Americans: Urge reps to vote ‘yes’ on crypto regulatory clarity bills
Coinbase CEO Brian Armstrong has urged United States citizens to take action and email their representatives to vote “yes” on the Financial Innovation and Technology for the 21 Century Act (FIT21), which may provide regulatory clarity for crypto.
27.07 / 06:13
27.07 / 03:29
Adoption
white house
Bitcoin
Bitcoin Price
Robert Kennedy Jr. admits to buying 2 Bitcoin for each of his 7 children
Democratic presidential candidate Robert F. Kennedy Jr. has confirmed he purchased a significant amount of Bitcoin (BTC), earlier this year — buying two BTC for each of his seven children.
27.07 / 03:29
27.07 / 02:15
Blockchain
Law
Adoption
regulation
white house
committee
Crypto bills pass congressional committee in 'huge win' for US crypto
A key United States House panel has approved a pair of bills that will be key to developing a regulatory framework for cryptocurrencies, reducing regulatory red tape for crypto, and setting clearer rules for the industry.
26.07 / 19:51
regulation
IRS
Court
Taxes
Staking
Lawyers
Judge suggests IRS issued $4K refund over tax lawsuit based on quality of lawyers: Report
Oral arguments began on July 26 for an appeals case on a complaint a Tennessee couple filed against the United States Internal Revenue Service (IRS) on calculating their taxes based on earnings from staking tokens.
26.07 / 19:31
regulation
SEC
SEC passes new ‘conflict of interest’ rules governing how brokers can use AI
The United States Securities and Exchange Commission (SEC) approved a set of sweeping changes to the rules governing the use of “optimization functions” by brokers in a committee vote on July 26.
26.07 / 16:41
Government
Law
regulation
Congress
lawmakers
US lawmakers
US lawmakers invoke FTX and spar on direction of crypto bills
Members of the United States House Financial Services Committee seem to be divided on the best legislative path forward dealing with regulatory clarity for crypto and blockchain technology.
26.07 / 14:35
Blockchain
Law
regulation
EOS
Court
EOS Foundation to sue Block.one on failure to honor $1B commitment
The EOS Network Foundation (ENF) is the latest entity to initiate legal action against major investor Block.one (B1) over failure to honor $1 billion investment commitments.
26.07 / 09:35
business
regulation
Senate
U.S.
US Senate wants companies to report investments in Chinese technologies
On July 25, the United States Senate backed bipartisan legislation mandating U.S. companies to report any investments in Chinese technologies.
26.07 / 07:07
Law
Ripple
XRP
regulation
SEC
Court
Ripple Labs
SEC appeal could amplify Ripple win, says Ripple Labs legal chief
Concerns of a potential appeal by the United States securities regulator to the landmark Ripple ruling earlier this month were shrugged off by Ripple’s chief legal officer Stuart Alderoty.
25.07 / 19:19
Law
regulation
crimes
Celsius
Judge gives US prosecutors until Oct. 3 for discovery in case against Alex Mashinsky
Attorneys with the United States Department of Justice have extra time to make discovery and give former Celsius CEO Alex Mashinsky’s defense team time to review related documents.
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