United States Financial News

01.05 / 18:53

regulation SEC Bittrex On the shutdown of Bittrex in the US and SEC actions — Bittrex Global CEO at Consensus 2023

Oliver Linch, chief executive officer of cryptocurrency exchange Bittrex Global, has pushed back against the United States Securities and Exchange Commission (SEC), claiming the company never had a clear opportunity to discuss a potential enforcement action.

01.05 / 16:05

Government Law Adoption SEC Congress Us Crypto Regulation hearing What the Gensler hearing means for US crypto regulation and policy

Gary Gensler, the United States Securities Exchange Commission (SEC) chair, recently appeared before the U.S. House of Representatives Financial Services Committee for a hearing regarding his leadership of the regulatory agency.

01.05 / 16:05

business Facebook SEC Meta Meta SEC filing reveals debt securities offering plans

Tech giant Meta, the parent company of Facebook, Instagram and WhatsApp, submitted a filing to the United States Securities and Exchange Commission (SEC) for new debt shelf offerings.

30.04 / 06:23

regulation Bloomberg Federal Reserve banking Silvergate NOT First Republic’s crisis is not an isolated incident - suggests JPMorgan exec

An exec at JPMorgan Asset Management is unsure how United States regional banks are “going to operate” when the Federal Deposit Insurance Corporation (FDIC) and Federal Home Loan Bank (FHLB) emergency lending programs expire – warning that the possible collapse of First Republic Bank may cause a domino effect.

30.04 / 03:27

business regulation Liquidity Banks investigation FDIC pins Signature Bank's failure on poor governance and illiquidity

The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed poor management and inadequate risk management practices as the root cause for its collapse.

30.04 / 02:19

Law regulation lending Circle Banks banking FDIC alleges Cross River engaged in 'unsafe' lending practices

The Federal Deposit Insurance Corporation (FDIC) has requested Cross River Bank – known for its services to fintech and crypto firms like Visa and Coinbase – to "self-correct" and appropriately address weaknesses in its lending activities.

28.04 / 20:09

Law regulation IRS Research Taxes Framework Tax law researchers propose IRS framework for deducting crypto losses

Researchers at Indiana University and the University of Maine recently published a study examining the current state of cryptocurrency tax law in the United States. The research concludes with recommendations for the Internal Revenue Service (IRS) that, if adopted, would prevent taxpayers from weighing crypto losses against other capital gains.

28.04 / 15:11

Where crypto can grow: Digital asset regulations around the world

As cryptocurrencies continue to become a bigger part of the global economy, more and more governments are exploring ways to regulate the industry and construct rules for firms operating in the space.

28.04 / 01:23

business regulation Fraud Police FBI Bankruptcy Former FTX exec Ryan Salame’s home searched by FBI: Report

The home of former FTX co-CEO Ryan Salame has reportedly been searched by the Federal Bureau of Investigation (FBI) as further scrutiny falls on the executive for his close advisory role to Sam Bankman-Fried.

27.04 / 13:57

Blockchain Adoption wallet services California approves blockchain-based digital wallet for gov't services

The county of Santa Cruz in northern California is one of the latest to adopt and implement the usage of blockchain-based solutions on a governmental level.

27.04 / 13:21

Government Law Adoption regulation us government Utah DAO Act: How the law was made and what it means for decentralized business

In March, the Utah State Legislature passed the Utah DAO Act, granting legal recognition and limited liability protections to decentralized autonomous organizations (DAO) in the state.

27.04 / 13:03

Adoption NFT wallet KYC information Neobank introduces soulbound NFTs for wallet holders’ KYC information

The neobank Cogni has announced that it is rolling out soulbound nonfungible tokens containing Know Your Customer (KYC) information to holders of its crypto wallet. The Polygon-based NFT will transfer customers’ “Web2” KYC verification done by the bank at account opening into a Web3 environment.

26.04 / 07:19

Stablecoin regulation SEC Federal Reserve Usd Coin Circle’s Fed payment rail goal could be crushed by NY Fed’s policy change

The New York Federal Reserve published new rules for counterparties looking to use its money market balancer, casting uncertainty over intentions by stablecoin issuer Circle to use the Fed's systems.

26.04 / 01:13

Adoption ETF Bitcoin Futures Bitcoin Regulation Bitcoin 21Shares Third time’s the charm? ARK and 21Shares again file with SEC for Bitcoin ETF

Cathie Wood’s ARK Invest and European crypto investment firm 21Shares are seemingly unperturbed by the cryptocurrency regulatory environment in the United States, again requesting approval for a Bitcoin (BTC)-based financial product.

25.04 / 17:53

business Government Europe European Union AI companies EU data watchdog warns of ‘hell on Earth’ scenario for US AI companies

Europe’s data watchdog, Wojciech Wiewiórowski, predicts a sour predicament for United States-based artificial intelligence (AI) companies currently being investigated for alleged GDPR violations.

25.04 / 12:49

NFT regulation SEC coinbase Crypto Policy Crypto community split on Coinbase NFT's push for 'sensible crypto policy'

As crypto exchange Coinbase makes a push toward a sensible regulatory environment for the crypto space, the exchange launched a nonfungible token (NFT) collection to gain the community’s support. However, not everyone is excited about the move, with some not even sure if it will have any impact at all.

25.04 / 06:17

business Law Altcoin Tokens ERC-20 5 charged by DOJ over alleged crypto price manipulation scheme

A freshly unsealed indictment has charged five individuals with “conspiring to manipulate the market” in relation to an alleged scheme involving the ERC-20 Hydro (HYDRO) token.

25.04 / 01:05

Law regulation FTX Court bail Judge approves taps on SBF’s parents’ phones to meet bail conditions

Surveillance software has been successfully implemented on Sam Bankman-Fried’s parents’ cell phones to ensure he does not breach the conditions of his bail, with a Judge approving of the measure.

25.04 / 00:51

business regulation SEC coinbase exchanges Court Coinbase files court action to compel SEC’s response to rulemaking petition

Coinbase filed a narrow action in a United States federal court that seeks to compel the Securities and Exchange Commission (SEC) to provide a "yes or no" response to a July 2022 petition.

24.04 / 22:13

Government Stablecoin regulation Draft bill suggests separating legislation on payment stablecoins and digital asset markets

Republican lawmakers with the United States House Financial Services Committee have released a draft of a bill focused on payment stablecoins rather than overseeing other aspects of digital asset markets.

24.04 / 06:29

business regulation Banks Federal Reserve Central Bank banking US Treasury seeks to tighten nonbank rules following banking crisis

The United States Treasury and a number of top U.S. financial regulators suggested new rules to make it easier for the Federal Reserve to designate nonbank institutions as systemically important, making it easier to supervise and regulate them.

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