United States Financial News
26.03 / 21:29
business
Investments
Banks
money market
Banking crisis pushed over $286B to money market funds in two weeks: Report
The banking crisis has led many investors to rotate their portfolio investments in the past two weeks, sending over $286 billion into United States money market funds so far in March, according to EPFR data obtained by the Financial Times.
26.03 / 18:27
business
Government
Adoption
G7 to collaborate on tighter crypto regulation: Report
The next G7 meeting might bring a push from the seven biggest democracies for tougher regulations on cryptocurrencies around the world, Kyoto news agency reports on March 25.
26.03 / 02:29
regulation
Liquidity
Bloomberg
Federal Reserve
US contemplates 'expanding' emergency lending facility for banks: Report
United States authorities are reportedly deliberating on extending an emergency credit line for banks, “in ways” which may provide First Republic Bank with a time buffer to address its balance sheet concerns, according to people with knowledge of the situation.
25.03 / 20:05
business
regulation
Banks
Federal Reserve
Central Bank
Custodia Bank's membership denied for ties with crypto markets, says US Fed
The United States Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank's application for membership in January, including the bank's involvement in the crypto space.
24.03 / 22:17
business
Europe
Banks
Deutsche Bank
Weekend
European banks head into another weekend of uncertainty as default risks surge
European banks are going into the weekend with renewed fears surrounding their future, as shares of Deutsche Bank plunged over 7% on the New York Stock Exchange on March 24, after a down day on Frankfurt's markets.
24.03 / 09:17
24.03 / 06:47
business
regulation
SEC
coinbase
Bitcoin Regulation
'Surgical removal' of crypto will only weaken USD dominance, commentators say
The United States' crackdown on cryptocurrencies and firms will only serve to stifle crypto-related innovation and “weaken” the country, said industry pundits in the wake of Coinbase's recent Wells notice.
23.03 / 17:07
business
regulation
Tether
Circle
Usd Coin
Banking turmoil pushes crypto to ‘no oversight,’ says Circle CEO
The ongoing crisis and uncertainty around the global banking system could push the cryptocurrency market into a more gray area in terms of regulation, Circle chief executive believes.
23.03 / 16:13
Government
Law
regulation
us government
Bitcoin
reform
Crypto reform coming to US in 2023, says former White House chief of staff
In the United States, crypto reform legislation isn’t the province of a single political party, and that’s why a former U.S. Congressman, who also played a prominent role in the Trump administration, believes that passage of a federal “digital assets” law this year is a real possibility.
23.03 / 09:49
business
regulation
SEC
coinbase
Kraken
Court
Coinbase CEO on its Wells Notice: SEC is like soccer referees in a game of pickleball
Brian Armstrong, the CEO and co-founder of crypto exchange Coinbase has compared the Securities and Exchange Commission (SEC) to “soccer refs” in a game of pickleball, criticizing U.S. regulators for not being able to “agree on the rules” of “this new game.”
23.03 / 01:55
Law
regulation
SEC
coinbase
Coinbase could face SEC enforcement action for 'potential violations of securities law'
Crypto exchange Coinbase said it received a 'Wells Notice' from the United States Securities and Exchange Commission recommending the regulator take enforcement action.
23.03 / 00:39
Stablecoin
CBDC
Adoption
Study
Adopting CBDC could destabilize banks, help households, US Treasury study says
Fully integrating a stablecoin or central bank digital currency (CBDC) into the economy would destabilize banks but improve household welfare, a study released by a United States Treasury division has claimed. The harm to banking caused by the digital currencies could be “significant” in times of stress, it found.
23.03 / 00:13
Government
regulation
Congress
lawmakers
US lawmakers
US lawmakers reiterate concerns about 'sham' crypto firm audits to PCAOB
United States Senators Elizabeth Warren and Ron Wyden have cited the recent collapse of three major banks to call on the Public Company Accounting Oversight Board to “rein in” audits of crypto firms.
22.03 / 13:23
regulation
Bitcoin
Seized exchange Bitzlato allows users to withdraw 50% of Bitcoin
Russia-linked cryptocurrency exchange Bitzlato has managed to partly restore access to user funds despite being officially seized by European authorities.
22.03 / 10:43
Law
Twitter
regulation
Court
YouTube
Lawyers
class action
youtuber
Class action lawyers claim YouTuber ‘BitBoy Crypto’ threatened them
Lawyers representing a class action lawsuit against “BitBoy Crypto” YouTuber Ben Armstrong and other crypto influencers alleged to have promoted crypto exchange FTX have claimed Armstrong has made multiple threats against them.
22.03 / 09:23
regulation
Department Of Justice
Scams
Fraud
Money laundering
FBI
Extradition
compliance
OneCoin head of compliance facing 40 year sentence after US extradition
United States federal prosecutors have charged a former executive of the fraudulent cryptocurrency scheme OneCoin for her role in the operation, who now faces up to 40 years in prison after being extradited from Bulgaria.
22.03 / 05:57
business
regulation
Banks
Federal Reserve
Signature Bank
'Operation Choke Point 2.0' may have contributed to SVB collapse: Mulvaney
If the United States government really is implementing "Operation Choke Point 2.0" it will hurt financial stability and may have contributed to the collapse of Silicon Valley Bank (SVB) according to Donald Trump’s former Acting White House Chief of Staff, Mick Mulvaney.
21.03 / 20:57
NFT
regulation
IRS
Taxes
Collectibles
IRS calls for public feedback on taxing NFTs as collectibles
The United States Internal Revenue Service said it plans to release guidance on having nonfungible tokens, or NFTs, treated as collectibles under the U.S. tax code.
21.03 / 18:31
Government
Law
privacy
us government
Congress
Congressional privacy proposals could kill scores of blockchain projects
With public trust in large tech companies at an all-time low, Congress is once again considering comprehensive data privacy legislation. But the rise of blockchain technologies and the nascent decentralized web mean that these comprehensive proposals are already behind the times. Without major revisions, these legislative proposals risk strangling decentralizing technologies in the cradle.
21.03 / 16:45
business
banking
Silvergate
Bankruptcy
U.S.
Yellen defends government intervention to avoid another SVB
Nearly two weeks after the collapse of three United States banks - Silicon Valley Bank (SVB), Silvergate and Signature- Treasury Secretary Janet Yellen said the federal government is ready to take action if needed.
21.03 / 16:05
business
Blockchain
Technology
Adoption
coinbase
Web3 a hot topic at SXSW despite bear market and declining interest in NFTs
Giant rabbits wearing trendy outfits situated alongside cartoon characters with rainbows flowing out of their mouths lined the streets of South by Southwest (SXSW) last year. This is because two nonfungible token (NFT) projects — Doodles and Fluf World — dominated SXSW 2022.
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