United States Financial News

31.08 / 11:03

business Binance Congress US Congressman to review all Binance US files related to consumer safety

Brian Shroder, the president and CEO of Binance US, received a federal letter requesting the urgent disclosure of official documents that prove the exchange’s adherence to various investor-centric safety protocols. The request comes from a Subcommittee chairman under the United States House Committee on Oversight and Government Reform.

30.08 / 23:59

Government Law regulation lawmaker index Crypto 'cannot be partisan,' says US lawmaker who scored negative on bipartisanship index: Report

United States House of Representatives member Tom Emmer has reportedly suggested that regulating and encouraging innovation in the crypto space should not be a political win for either Democrats or Republicans.

30.08 / 17:29

Government Technology Law Crypto developers should work with the SEC to find common ground

Regulators are tasked with balancing between protecting consumers and creating environments where entrepreneurs and the private sector can thrive. When markets face distortions, perhaps due to an externality or information asymmetry, regulation can play an important role.

26.08 / 22:44

Government Law regulation Regulators have a weak case against FTX on deposit insurance

In a cease-and-desist letter to fast-growing crypto exchange FTX, the Federal Deposit Insurance Corporation (FDIC) shed light on a now-deleted tweet from the exchange’s president, Brett Harrison, and issued a stark warning over the company’s messaging.

26.08 / 16:07

business Government Court recovery Celsius bankruptcy Celsius bankruptcy proceedings show complexities amid declining hope of recovery

The Celsius Network is one of many crypto lending firms that has been swept up in the wake of the so-called “crypto contagion.”

26.08 / 16:07

ETF SEC Bitcoin Bitcoin spot ETF spot ETF Still waiting: SEC delays VanEck's third Bitcoin spot ETF application

The United States Securities and Exchange Commission (SEC) has pushed back a decision on the latest application for a Bitcoin (BTC) spot exchange-traded fund (ETF) by global investment firm VanEck.

25.08 / 16:25

NASDAQ ATM Bitcoin Deal Crypto ATM firm Bitcoin Depot aims to go public in 2023 via $885M SPAC deal

Bitcoin Depot, a major cryptocurrency ATM provider in the United States, is planning to go public through a merger with a special-purpose acquisition company (SPAC).

25.08 / 15:37

Blockchain Bitcoin Bitcoin advocate floats BTC as a solution to US student loan problems

Following United States President Joe Biden's announcement of a student loan forgiveness plan that aims to cancel the debt of up to $20,000 for millions of Americans, a Bitcoin (BTC) supporter proposed an alternative method to pay off the loans.

25.08 / 02:31

SEC Gaming ICO Time GameFi developers may be facing big fines and hard time if they don't speak up

Are cryptocurrency games innocent fun? Or are they Ponzi schemes facing an imminent crackdown by regulators in the United States?

24.08 / 12:35

business Bitcoin Crypto mining can benefit Texas energy industry: Comptroller's office

The United States filled in the wide gap in Bitcoin (BTC) mining that was left open by China by the end of June 2021. Despite looming rumors of high power consumption, officials in Texas, one of the fastest growing crypto mining hubs in the US, now believe that mining operations can, in fact, garner a symbiotic relationship with the energy industry.

23.08 / 18:31

Law regulation SEC CFPB regulatory Certain regulatory clarity could be 'hugely detrimental' for crypto, says former CFPB director

Kathy Kraninger, former director of the United States Consumer Financial Protection Bureau, or CFPB, said while many in crypto have complained about the lack of regulatory clarity in the country, the legal gray area has afforded the industry opportunities.

23.08 / 17:59

business Law Adoption saga Tornado Cash saga highlights legal issues affecting the crypto market

Things have not been looking too good for the crypto market in recent months, with the market seemingly being gripped by one piece of bad news after another. To this point, on Aug. 8, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued legal sanctions against digital currency mixer Tornado Cash.

22.08 / 23:09

Law regulation security Prosecutors want to claim NFTs as securities, alleges legal team of former OpenSea employee

Lawyers representing Nathaniel Chastain, the former OpenSea product manager accused of insider trading, have claimed United States authorities only filed charges in an attempt to set a legal precedent that nonfungible tokens (NFTs) are securities.

19.08 / 23:47

regulation Insurance FTX US among 5 companies to receive cease and desist letters from FDIC

The Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letters to five companies for allegedly making false representations about deposit insurance related to cryptocurrencies.

19.08 / 16:57

Government Law us government Biden is hiring 87,000 new IRS agents — and they're coming for you

The Inflation Reduction Act, signed into law this month by President Joe Biden, empowers the IRS with nearly $80 billion in new funds. The world’s most powerful tax collection agency is using the money to go on a hiring spree to fuel much tougher enforcement efforts.

19.08 / 01:13

Government regulation Environment lawmakers Consumption US lawmakers US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption

Four members of the United States House of Representatives from the Energy and Commerce Committee have demanded answers from four major crypto mining firms in regards to the potential effects of their energy consumption on the environment.

17.08 / 14:59

business Mining Bitcoin Returns Troubled miner returns 26,000 rigs to eliminate debt

The United States-based Bitcoin mining company, Stronghold Digital Mining (SDIG), announced on Tuesday new moves to elevate outstanding debt and restructure its financial operations.

17.08 / 11:37

business Court Bitcoin For greater good: NY judge allows Celsius to mine, sell Bitcoin

Not even 24 hours after revealing a three-month cash flow forecast that threatens total exhaustion of funds, a New York judge allowed crypto lender Celsius Network to mine and sell Bitcoin (BTC) during its bankruptcy.

16.08 / 17:03

Law Stablecoin regulation fall regulatory Optimism fading? Regulatory discussion on stablecoins postponed until Fall

Among a rich range of anxieties both for the crypto industry and the global economy at large, the summer of 2022 will be remembered as the time when the stablecoins proved themselves to be not so stable and thus came into the focus of regulators’ attention.

16.08 / 00:43

Government Law regulation Coin Center may challenge US Treasury's sanctions on Tornado Cash in court

United States-based crypto policy advocacy group Coin Center said it intended to “pursue administrative relief” for individuals affected by Tornado Cash sanctions imposed by the Treasury Department’s Office of Foreign Asset Control, or OFAC.

15.08 / 15:15

Blockchain Ethereum regulation Tornado Cash community fund multi-signature wallet disbands amid sanctions

Following the sanctions placed by the United States on USD Coin (USDC) and Ethereum (ETH) addresses associated with the crypto mixer Tornado Cash (TORN), the signatories of the projects’ multi-signature community fund disbanded.

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