United States Financial News
15.05 / 10:49
regulation
Gold
Bitcoin
Dollar
National Debt
Bitcoin a top 3 asset in the event of US debt default: Survey
Major cryptocurrency Bitcoin (BTC) could become a top three asset in the event of a theoretical debt default in the United States, according to a new survey.
15.05 / 06:33
Law
defi
Hackers
regulation
Department Of Justice
crimes
Department
US Justice Department on the hunt for DeFi hackers and thieves: Report
The United States Justice Department’s crypto enforcement team is cracking down on Decentralized Finance (DeFi) hackers and exploiters, amid a four-year rise in illicit crypto activity.
15.05 / 01:07
business
regulation
SEC
Court
LBRY
fines
SEC revises $22M punishment against LBRY, seeks $111K instead
The United States securities regulator is seeking to revise its $22 million punishment against decentralized content platform LBRY, acknowledging it is unlikely to be able to cough up the funds to be able to pay it.
14.05 / 07:17
regulation
Report
us government
National Debt
'Significant risk' of US Treasury running 'out of funds' soon: Report
The United States government faces a “significant risk” of no longer being able to meet all of its financial obligations as early as June, as per a recent report.
12.05 / 22:09
Law
regulation
lawmakers
US lawmakers
US lawmakers target perceived risks of crypto adoption in El Salvador with reintroduced bill
Two United States Senators from opposite sides of the political aisle have reintroduced legislation from 2022 aimed at mitigating perceived risks posed by El Salvador’s adoption of Bitcoin as a legal currency.
12.05 / 20:31
regulation
coinbase
Congress
policies
lawmakers
US lawmakers
Coinbase establishes advisory council with former US lawmakers
Following some of its leadership team visiting the United Arab Emirates, crypto exchange Coinbase has announced the formation of an advisory council staffed with many former United States lawmakers and industry leaders
12.05 / 17:59
regulation
Federal Reserve
white house
policies
Reserve
President Biden announces nominations for key positions at Federal Reserve
United States President Joe Biden has announced his nomination of two people for key positions on the Federal Reserve, including a new Fed governor and economist Philip Jefferson as vice chair.
12.05 / 14:13
Facebook
Twitter
European Union
Democracy
Elections
Forget Cambridge Analytica — Here’s how AI could threaten elections
In 2018, the world was shocked to learn that British political consulting firm Cambridge Analytica had harvested the personal data of at least 50 million Facebook users without their consent and used it to influence elections in the United States and abroad.
12.05 / 11:39
business
regulation
SEC
HSBC
Banks
SEC beyond crypto: HSBC and Scotia hit with fines over WhatsApp use
Amid the ongoing banking crisis in the United States, financial regulators continue scrutinizing major traditional finance companies like HSBC and Scotiabank.
12.05 / 07:03
regulation
Bloomberg
Federal Reserve
‘It’s going to get worse for banks’ — JPMorgan CEO on overregulation
The CEO of JPMorgan Chase — which recently took over failed First Republic Bank — believes there could be more pain ahead for United States banks if the Federal Reserve goes into crisis mode with overregulation.
12.05 / 05:09
business
FTX
exchanges
Court
Lawsuit against FTX celebrity promoters gets backup from former exec
A class action lawsuit against celebrities who allegedly promoted the now-bankrupt FTX has scored the cooperation of a former exchange executive — ex-compliance chief Daniel Friedberg.
12.05 / 02:21
business
Law
regulation
SEC
coinbase
Court
US Chamber of Commerce slams SEC's ‘haphazard’ regulation efforts
The United States Chamber of Commerce has blasted the Securities and Exchange Commission (SEC) for its “haphazard, enforcement-based approach” to regulating the cryptocurrency industry on American soil.
12.05 / 01:51
business
Banks
banking
Job
Silvergate begins NYSE delisting process as it readies to cut 230 staff
The parent company of the collapsed Silvergate Bank will be delisted from the New York Stock Exchange (NYSE) and 230 staff will be let go, Silvergate Capital has disclosed.
11.05 / 17:39
regulation
Congress
Silicon Valley
GAO
GAO cites exposure to digital assets in exploring collapse of Signature Bank
The United States Government Accountability Office, or GAO, has released its preliminary review of the failures of Silicon Valley Bank and Signature Bank — and included exposure to deposits from the cryptocurrency industry.
11.05 / 15:29
Adoption
regulation
IRS
Taxes
investigation
Bitcoin
How the IRS seized $10B worth of crypto using blockchain analytics
Blockchain analysis has been key in helping the United States Internal Revenue Service (IRS) seize an estimated $10 billion worth of cryptocurrency since it began investigating a broad body of crimes involving digital assets.
11.05 / 06:49
regulation
SEC
Taxes
Bitcoin
Marathon
Bitcoin Miner
Bitcoin miner Marathon Digital hit with another SEC subpoena
Bitcoin (BTC) miner Marathon Digital has disclosed that it received another subpoena from the United States Securities and Exchange Commission (SEC) relating to its 100-megawatt data center in Hardin, Montana.
11.05 / 04:09
business
Altcoin
coinbase
Coinbase calls PEPE a 'hate symbol,' prompting calls to boycott the exchange
An email sent out to Coinbase customers describing memecoin Pepe (PEPE) as a “hate symbol” co-opted by alt-right groups has drawn significant ire from the memecoin community.
10.05 / 21:47
business
regulation
us government
Machine Learning
policies
OpenAI CEO to testify before Congress alongside ‘AI pause’ advocate and IBM exec
OpenAI CEO Sam Altman will make his first appearance before Congress on May 16 to discuss artificial intelligence (AI) regulation in the United States during a hearing on oversight. Also testifying will be IBM’s chief privacy and trust officer, Christina Montgomery — who is a member of the U.S. National Artificial Intelligence Advisory Committee — and New York University emeritus professor Gary Marcus.
10.05 / 20:07
Law
CFTC
regulation
SEC
lawmakers
hearing
US lawmakers
US lawmakers hold EU and UK as examples of crypto regulation in joint hearing
Some members of the United States House of Representatives’ Financial Services and Agriculture Committees pointed to crypto asset frameworks being employed outside the country when discussing regulatory gaps at home.
10.05 / 09:49
regulation
Taxes
Tax reduction
end
Biden calls to end $18B ‘crypto tax loopholes’ — community begs to differ
United States President Joe Biden recently shared an infographic on Twitter, calling to end “tax loopholes” that allegedly help wealthy crypto investors. Community members responded to the tweet, questioning the figures shared by the president and if the said loopholes exist.
10.05 / 03:33
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