United States Financial News

14.07 / 00:33

Government Federal Reserve Senate vice chair US Senate confirms Michael Barr as Fed vice chair for supervision

The United States Senate has confirmed the nomination of law professor Michael Barr to become the next vice chair for supervision for the Federal Reserve.

13.07 / 06:09

business regulation Court Liquidators can subpoena 3AC founders despite 'tricky issues' with crypto assets

A United States (U.S.) court has given liquidators permission to subpoena the founders of crypto investment firm Three Arrows Capital (3AC), including Su Zhu and Kyle Davies.

13.07 / 02:49

Adoption regulation Banks US Treasury study finds CBDCs a plus for commercial bank stability

The introduction of a central bank digital currency (CBDC) may increase the stability of a banking system, according to a paper released Tuesday by the United States Treasury Office of Financial Research.

13.07 / 01:13

Government regulation Executive executive order US Treasury calls for public comment on digital asset policy, following Biden's executive order

The United State Department of the Treasury has requested comments from the public on the potential opportunities and risks of digital assets in compliance with President Joe Biden’s executive order from March.

12.07 / 13:33

regulation Terra Law Decoded, July 4–11: Access denied for crypto-owning policymakers

It’s been a century or so since the property qualification came out of vogue, but it doesn’t seem a problem if you want to apply it to crypto and policymaking. An advisory notice released by the United States Office of Government Ethics last week states that the de minimis exemption — which allows for the owners of securities who hold an amount below a certain threshold to work on policy related to that security — is universally inapplicable when it comes to cryptocurrencies and stablecoins.

12.07 / 11:03

business cryptocurrency World Understanding how stablecoins have fared in the crypto bear market

Long considered a hedge against inflation and a better alternative to fiat currencies that are susceptible to devaluation, most cryptocurrencies have significantly underperformed benchmark stock market indices.

11.07 / 16:21

Government Blockchain Adoption Us Crypto Regulation US crypto regulation bill aims to bring greater clarity to DAOs

On June 7, United States Senators Cynthia Lummis and Kirsten Gillibrand launched the much anticipated Responsible Financial Innovation Act, proposing a comprehensive set of regulations that address some of the biggest questions facing the digital assets sector. By providing holistic guidance to the rapidly growing industry, the bill offers a bipartisan response to President Biden’s call for a whole-of-government approach to regulating crypto.

10.07 / 09:57

Blockchain ATM Bitcoin US dominates crypto ATMs installations and BTC hash rate worldwide

Despite the myriads of state and federal regulatory hurdles faced by crypto businesses in the region, the United States plays a major role in preserving the Bitcoin (BTC) and crypto ecosystem. With China moving out of the picture following a permaban on crypto, the United States maintains the top position in terms of hash rate contribution and ATM installations worldwide.

10.07 / 05:21

Government Stablecoin Earth fall After Terra’s fall to Earth, get ready for the stablecoin era

Stablecoins were supposed to be the boring uncle of the crypto world — safe, sensible and dull. They’re probably not what Satoshi Nakamoto had in mind, but they’re supposed to be a reassuring haven of calm and utility away from the turbulence of pure-play cryptocurrencies.

09.07 / 17:19

Ethereum Adoption education NFTs become physical experiences as brands offer in-store minting

Nonfungible tokens (NFTs) have taken the world by storm over the last year. Digital collectibles that were characterized solely as CryptoKitties in 2017 have since evolved into famous pieces of art, digitized music, high-end fashion for the Metaverse and a way for communities to connect with others across the globe.

08.07 / 22:39

regulation US diplomats call on Japan's crypto exchanges to cut ties to Russia: Report

Officials representing the United States government have reportedly urged Japan’s licensed cryptocurrency exchanges to stop doing business with Russia, seemingly as part of the country’s economic sanctions.

08.07 / 16:53

Government Blockchain Court rights Web3 activists fight for reproductive rights with NFTs, DAOs and protests

Web3 community members are fighting back against the United States Supreme Court’s ruling to overturn Roe v. Wade.

08.07 / 13:41

CBDC regulation Federal Reserve Credit unions warn about the cost of developing a CBDC

A United States-based lobbying group has raised a voice against developing a central bank digital currency (CBDC) in the United States. The National Association of Federally-Insured Credit Unions (NAFCU) believes the project’s cost outweighs the “hypothesized benefits.”

08.07 / 00:43

Government regulation foreign Framework US Treasury issues framework addressing engagement on crypto with foreign regulators

The United States Department of the Treasury has delivered to President Joe Biden a framework on crypto for U.S. government agencies to work with their foreign counterparts.

07.07 / 09:29

Blockchain Adoption SEC Editorial WSJ editorial slams SEC's 'bewildering' Bitcoin ETF denials

The Wall Street Journal Editorial Board has come out swinging against Gary Gensler’s “legendary” resistance to approving a spot Bitcoin exchange-traded fund (ETF).

07.07 / 07:27

Government Blockchain Stablecoin Crypto owners banned from working on US Government crypto policies

US government officials who privately own cryptocurrencies are now banned from working on regulations and policies that could affect the value of digital assets.

06.07 / 14:13

regulation crimes Korea and US agree to share investigation data on Terra-Luna

South Korean justice minister Han Dong-hoon was in New York recently to discuss various ways in which the two nations can corporate on investigations associated with financial crimes, especially crypto-related crimes.

06.07 / 12:15

Adoption Investments Virginia county Fairfax commits $35M to Van Eck crypto lending fund

Virginia county Fairfax has begun investing a portion of a $35 million allotment into a cryptocurrency lending fund managed by global asset managers VanEck.

06.07 / 10:07

Adoption Federal Reserve Dollar boost Reserve Fed conference hears stablecoins may boost USD as global reserve currency

A note published by the United States Federal Reserve on a recently held conference found a majority of exports believe a U.S. dollar central bank digital currency (CBDC) would not drastically change the global currency ecosystem.

06.07 / 10:07

business lending Bankruptcy recovery Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan

Days after pausing trading, withdrawals and deposits, crypto exchange Voyager Digital is filing for bankruptcy under Chapter 11 in the Southern District Court of New York.

06.07 / 10:07

business Huobi applications expansion US expansion for Huobi a step closer after it secures a FinCEN license

A subsidiary of the Huobi cryptocurrency exchange called HBIT Inc has received its Money Services Business (MSB) license from the United States Financial Crimes Enforcement Network (FinCEN).

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