United States Financial News

15.11 / 02:13

Blockchain Ethereum Charity Bitcoin Charities Charities risk losing a generation of donors if they don't accept crypto

Charities accepting crypto donations are setting themselves up for an entirely new demographic of funders — who just so happen to be one of the most giving, according to charity organizations.

15.11 / 01:15

Government Insurance President Biden announces pick for FDIC chair

United States President Joe Biden announced he would be nominating Federal Deposit Insurance Corporation, or FDIC, acting chair Martin Gruenberg to assume the position as part of a five-year term.

11.11 / 18:47

business FTX Bankruptcy FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resigns

Within a week, crypto exchange FTX has gone from proposing an acquisition by Binance to sort out its liquidity issues to proceeding with filing for bankruptcy under Chapter 11 in the District of Delaware.

11.11 / 00:57

regulation FTX white house White House says 'prudent regulation of cryptocurrencies' is needed, hinting at situation with FTX

The White House said the Biden administration was monitoring the situation with the recent crypto market crash but deferred to independent regulators for any potential enforcement actions.

10.11 / 23:55

regulation FTX FTX US resigns from the Crypto Council for Innovation

United States-based exchange FTX US has left its position at the crypto advocacy group Crypto Council for Innovation, or CCI.

10.11 / 22:57

regulation SEC Congress Sec Chair lawmaker regulatory Republican lawmaker claims SEC chair was coordinating with FTX 'to obtain regulatory monopoly'

Tom Emmer, the recently re-elected Republican lawmaker representing Minnesota’s 6th district in the United States House of Representatives, has alleged Securities and Exchange Commission chair Gary Gensler had been helping FTX CEO Sam Bankman-Fried to gain a “regulatory monopoly” through the crypto firm.

10.11 / 22:05

Law regulation Congress lawmaker US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX

Maxine Waters, chair of the United States House of Representatives Financial Services Committee, pushed for additional federal oversight of crypto trading platforms and consumer protection amid FTX facing liquidity issues.

09.11 / 22:55

Congress Elections Post-election roundup: Who were the pro- and anti-crypto winners and losers from the US Midterms?

Results from many election races for seats in the United States Senate and House of Representatives are still coming in, but a number of candidates who have expressed staunch views on digital asset regulation won on Nov. 8.

09.11 / 12:51

Binance regulation Senate FTX-Binance standoff highlights the need for clear rules, says Sen. Lummis

The feud between the CEOs of crypto exchanges FTX and Binance — Sam Bankman-Fried (SBF) and Changpeng “CZ” Zhao — not only crashed cryptocurrency prices but also reminded regulators to step in and avoid similar fallouts in the future.

09.11 / 01:35

regulation sanctions US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program

The United States Treasury Department's Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash in addition to including two individuals involved in “transportation and procurement activities” for the Democratic People’s Republic of Korea in its list of Specially Designated Nationals.

08.11 / 18:15

business Adoption education AIM Gym owners aim to bring NFT memberships to wellness clubs

While many nonfungible token (NFT) projects continue to suffer losses due to the bear market, a number of organizations have begun using NFTs to solve real-world problems.

08.11 / 17:35

Voting Elections US election Single-issue crypto voters weigh in on midterms before US Election Day

On Nov. 8, registered voters across the United States will cast ballots for political candidates to represent them at the local, state, and federal level — and for some people, crypto is the main issue.

08.11 / 03:21

Law Adoption accountants Crypto notches a win among professional accountants

In his regular column, J.W. Verret, a law professor, attorney, CPA, and head of the Crypto Freedom Lab covers law and regulation of cryptocurrency with a focus on decentralized finance (DeFi) and financial privacy.

07.11 / 19:39

regulation Department Of Justice crimes US authorities announce conviction connected to Bitcoin stolen from Silk Road

The United States Attorney’s Office for the Southern District of New York has announced that an individual has pled guilty to wire fraud charges connected to “unlawfully obtained” Bitcoin from the Silk Road marketplace in 2012.

07.11 / 11:53

Adoption Report Bitcoin Crypto no more in top 10 most-cited potential risks: US central bank report

While proponents of traditional finance remain keen on dismissing Bitcoin (BTC) and the crypto ecosystem as financial risks, a survey conducted by the Federal Reserve Bank of New York — one of the 12 federal reserve banks of the United States — revealed 11 factors that overshadow crypto in terms of risk in 2022.

06.11 / 17:31

business Blockchain Adoption DeFi at the crossroads of the trucking industry to ensure efficient payments

The trucking industry is one of the most important sectors in the world. According to recent statistics, the global freight trucking market was worth over $2.7 trillion in 2021. In addition, it’s been found that millions of commercial driver’s license holders are employed by trucking companies within the United States, a market that is responsible for delivering 70% of all freight.

05.11 / 11:57

business Twitter censorship elon Joe Biden unhappy with Elon Musk for buying a platform that "spews lies"

The relevance of social media platforms in swaying global politics was first highlighted with the rise of Facebook (rebranded later to Meta), which was accused of manipulating information based on user demographics. Twitter, which was recently acquired by Elon Musk, got the short end of the stick as US President Joe Biden accused the website of spewing lies.

05.11 / 00:57

Government regulation FinTech OCC makes its staff available for fintech-related discussions

The United States Office of the Comptroller of the Currency, or OCC, has announced its representatives will be available on a one-to-one basis to discuss financial technology.

04.11 / 17:23

Government Adoption US election US Election update: Where do the pro-crypto candidates stand ahead of the election?

The 2022 midterm elections will be held in the United States on Nov. 8. Thirty-four senators and all 435 members of the House of Representatives will be running. According to media reports, cryptocurrency lobbyists and political action committees have poured millions of dollars into select campaigns, and extensive polling has shown crypto to be on voters’ minds.

04.11 / 14:09

Twitter Court elon Elon Musk faces class-action suit over mass Twitter layoffs

Amid Twitter beginning mass layoffs, the company employees are launching a class-action lawsuit against the new Twitter CEO, Elon Musk.

04.11 / 14:09

IRS Taxes Bitcoin IRS prepares for an increase in crypto cases in the upcoming tax season

The United States Internal Revenue Service (IRS) criminal investigation division is ramping up for tax season with its sights set on the crypto community.

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