United States Financial News

11.06 / 03:23

Reuters regulation Report Scams identity Customer FTX authorized to 'permanently redact' customer names from all bankruptcy filings

Bankrupt cryptocurrency exchange FTX has been granted permission to remove individual customers from all court filings in its bankruptcy case. However, the names of companies and institutional investors will be sealed for another 90 days.

10.06 / 14:33

regulation SEC European Union Bitcoin EU needs further efforts to implement crypto regulations: Btc. x CEO

Christian Anders, the CEO of Btc. x has said that despite the Markets in Crypto Assets (MiCA) being signed into law, the European Union (EU) might need to do a lot of more lobbying of different regulators in Europe and work with the different governments.

09.06 / 17:55

business Government Ethereum Binance SEC Bitcoin SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’

The United States Securities and Exchange Commission (SEC) is seeking ‘alternative service’ from the U.S. District Court in Washington, D.C., to issue a legal summons to Changpeng Zhao, the CEO of cryptocurrency exchange Binance.

09.06 / 17:17

Adoption European Union Federal Reserve Euro Bitcoin Dollar De-dollarization: Is it really happening?

De-dollarization, the decline of the United States dollar as the world’s dominant reserved currency, is underway, and it’s gaining momentum.

09.06 / 15:27

business Binance SEC FTX CNBC Kevin O’Leary doesn’t rule out criminal charges for Binance

Kevin O’Leary said the Securities and Exchange Commission levied some “serious” allegations in the 136-page charging document the agency issued against Binance on June 5, telling Cointelegraph in an interview that he believes founder and CEO Changpeng Zhao is in a “tough” spot.

09.06 / 15:05

business Adoption Binance regulation coinbase Support Binance VP of Marketing: crypto needs to 'double down' on community support

The crypto industry faced more scrutiny from regulators in the United States this past week, as the U.S. Securities and Exchange Commission (SEC) served both Coinbase and Binance.US with lawsuits regarding their operations.

09.06 / 11:17

Stablecoin regulation Federal Reserve bills us house committee Stablecoin Bill US House Committee releases new stablecoin bill draft

The United States House Financial Services Committee has released the third draft of the stablecoin bill presented by the Republican chair Patrick McHenry. The latest draft of the bill is aimed at bipartisan legislation and includes certain proposals from both Republican and Democratic financial services committees.

09.06 / 10:15

business regulation us government Congress Mark Warner ChatGPT Senators US senators propose AI bills for transparency and innovation

Lawmakers in the United States have proposed two new bipartisan bills targeting issues of transparency and innovation in artificial intelligence (AI).

09.06 / 04:53

Law Ripple XRP SEC security Court Lawyers Ripple case more crucial than ever amid Coinbase, Binance SEC crackdown: Lawyers

The judges presiding over Coinbase and Binance’s lawsuits will likely watch the results of the SEC v Ripple case closely, crypto lawyers told Cointelegraph.

09.06 / 03:11

Adoption Trump Pro-Bitcoin DeSantis tagged over AI-faked photos in Trump smear campaign

Pro-Bitcoin (BTC) presidential bidder Ron DeSantis has been tagged for apparently using artificial intelligence-generated images in an ad campaign smearing rival and former president Donald Trump.

08.06 / 18:33

business Government Department Of Justice FinCEN Bankruptcy US DoJ Customers US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines

The United States Justice Department (DOJ) has filed an objection to a motion by bankrupt cryptocurrency trading platform Bittrex to allow customers to withdraw their crypto and fiat. The U.S. Treasury’s Office of Foreign Asset Control (OFAC) is Bittrex’s biggest creditor, but its claim would be subordinated under the Bittrex proposal.

08.06 / 18:33

business regulation Circle Usd Coin Executive Circle hires former CFTC, US Treasury executive as chief legal officer

Stablecoin issuer Circle has loaded its arsenal to fight the ongoing regulatory crackdown on crypto. By July 1, the role of chief legal officer and head of corporate affairs will be filled by Heath Tarbert, a top attorney with a background in all three branches of the United States government.

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.

08.06 / 15:49

markets Asia Bitcoin US Bitcoin supply fell over 10% in the past year — Glassnode

Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests.

08.06 / 11:35

Law regulation SEC Court SEC's crypto actions surged 183% in 6 months after the FTX collapse

Cryptocurrency-related enforcement actions undertaken by the United States securities regulator significantly increased in the six months following the bankruptcy of cryptocurrency exchange FTX.

08.06 / 09:29

Blockchain Technology regulation Polygon security Polygon president testifies on democratizing the internet with Web3, blockchains

The House Energy and Commerce Committee Subcommittee on Innovation, Data and Commerce gathered on June 7 to discuss blockchain technology and the future of Web3. Crypto industry members including Ryan Wyatt, president of Polygon Labs and legal experts appeared before the committee to engage in a much more amicable dialogue.

08.06 / 09:05

NFT defi US federal court dismisses lawsuit against DeFi platform PoolTogether

A United States federal judge has recently dismissed the lawsuit against the decentralized finance (DeFi) platform PoolTogether. According to the ruling, the federal court system is not the correct place to air out concerns against the DeFi startup.

08.06 / 08:05

business NFT Marketplace Blockchain Game crypto push GameStop fires CEO Matt Furlong months after axing crypto push

GameStop has fired its CEO Matt Furlong, the executive responsible for launching the company’s push into nonfungible tokens (NFTs).

08.06 / 06:03

business regulation Court Terraform Labs Terra Prison Do Kwon could serve prison in both US and South Korea, prosecutor says

Terraform Labs co-founder and CEO Do Kwon may be subject to multiple sentences in the United States and South Korea, according to a senior South Korean prosecutor heading the investigation.

08.06 / 00:21

business Binance regulation SEC Sec Chair Lawyers SEC chair Gensler offered to serve as an advisor to Binance in 2019: Lawyers claim

SEC Chair Gary Gensler once offered to serve as an advisor to Binance in 2019, according to lawyers representing Binance and founder Changpeng Zhao, CNBC reports.

07.06 / 22:37

business IRS Machine Learning Taxes Intuit introduces proprietary large language models for fintech with GenOS

Fintech giant Intuit, whose product offerings include TurboTax, Mint, Credit Karma, Mailchimp and QuickBooks, recently expanded its software services platform to include GenOS, an operating system for generative artificial intelligence (AI) technologies.

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