Washington Financial News
08.07 / 20:17
08.07 / 17:07
Crypto Industry Should Face Tougher Regulations, Fed Vice Chairwoman Says
WASHINGTON—U.S. policy makers should extend investor protections and other financial rules to the cryptocurrency industry before the industry grows too large and begins to pose risks to the financial system, Federal Reserve Vice Chairwoman Lael Brainard said Friday.
08.07 / 15:55
08.07 / 13:21
CBDC
regulation
IMF
Framework
International
US Treasury Develops Framework For Path Towards International Crypto Regulations
While the US authorities are intensifying work on developing crypto regulations, the country’s Department of Treasury has presented to President Joe Biden a framework to facilitate international cooperation on introducing such regulations and standards at the international level.
07.07 / 23:07
European Union
Ukraine war: Five key developments you need to know from Thursday
1. Russia pausing offensive ahead of renewed assault
07.07 / 13:51
European Union
Energy
analysts
Ukraine war: Russia pausing offensive ahead of renewed assault, say analysts
Moscow is easing its offensive in Ukraine only temporarily and it is most likely preparing for a renewed assault, analysts claim.
07.07 / 04:31
Inflation Fears Drove Larger Fed Rate Increase in June
WASHINGTON—Federal Reserve officials agreed at their meeting last month they would have to raise interest rates faster and to levels high enough to slow economic growth because of the worsening inflation picture.
29.06 / 15:01
NATO
Military
innovation
Threat
NATO summit: Joe Biden says US boosting forces in Europe over Russian threat
The United States will boost its military forces in Europe because of threats from Moscow following Russia's invasion of Ukraine, Joe Biden said as NATO leaders hold their annual summit in Madrid.
29.06 / 00:21
CFTC
awards
That's 'Sir' Crypto Dad: French order knights former CFTC chair Chris Giancarlo
The French government has given former United States Commodity Futures Trading Commission chair Chris Giancarlo, also known as "Crypto Dad," the equivalent of a knighthood.
28.06 / 14:59
settlement
Fine
audit
EY to pay $100m settlement fine over audit employees cheating CPA exams
WASHINGTON — Ernst & Young agreed to pay a record $100m fine and to admit that some of its auditors cheated on required ethics exams in recent years, according to a settlement order released on 28 June.
25.06 / 00:25
business
lending
Bankruptcy
network
advisers
Celsius Network hires advisers ahead of potential bankruptcy: Report
Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting firm in advance of the company possibly facing bankruptcy.
22.06 / 17:59
CFTC
regulation
SEC
Lummis-Gillibrand crypto bill comprehensive but still creates division
It was first reported before Christmas that Wyoming Senator Cynthia Lummis planned to introduce a comprehensive crypto regulation bill. The Republican Lummis was already known for her pro-crypto stance and announced right away that she was looking for a Democratic co-sponsor. New York Senator Kirsten Gillibrand, who had not previously been known to have a strong position on cryptocurrency, was named as the co-sponsor in March. The highly awaited Responsible Financial Innovation Act (RFIA) was introduced in the United States Senate on June 7.
22.06 / 09:03
Art
Trump
'A lot of them were racist': Election worker details abuse from Trump supporters
An former election worker from the US state of Georgia has testified to lawmakers about racist abuse she endured after former President Donald Trump and his allies falsely accused her and her mother of pulling fraudulent ballots from a suitcase in Georgia.
22.06 / 04:33
Provident
Action
Remark
Biden Expected to Call for Temporary Federal Gasoline Tax Suspension
WASHINGTON—President Biden is planning to call for a temporary suspension of the federal gasoline tax, according to people familiar with the matter.
21.06 / 12:37
Binance
Sport
coinbase
Advertising
Crypto Exchanges Backing Away from Sports Spending as Crunch Continues
Crypto firms are reportedly scaling back their spending on sports-related advertising and sponsorship as winter continues to bite in the markets.
21.06 / 11:13
SEC
Bitcoin
Law Decoded, June 13–20: Celsius exodus and liquidity crisis
Last week, the Celsius Network wrote its name in the alarming recent history of the crypto market failures alongside Terra. The American platform has unstaked $247 million worth of Wrapped Bitcoin (wBTC) from the Aave protocol and sent it to crypto exchange FTX while putting the withdrawal option for users on a stop.
21.06 / 08:15
Adoption
NFT
Sport
partnerships
Crypto winter freezes sports sponsorships for digital asset firms
The longer the crypto market stays in bearish territory, the more marketing deals with American sports teams are being taken off the table as crypto firms tighten their belts.
20.06 / 16:11
Highways
Southern
Labor Shortage Stymies Construction Work as $1 Trillion Infrastructure Spending Kicks In
WASHINGTON—Construction projects across the U.S. are running short on labor just as $1 trillion in federal infrastructure money starts to kick in, leading companies to get creative in their quest to attract and retain workers.
17.06 / 12:47
regulation
Aave
Investment
Celsius Reportedly Unlikely to Get Bailout Money from Investors
As the downturn triggered by Celsius Network (CEL) continues to impact crypto businesses worldwide, investors behind the business are unlikely to ensure more financing to bail out the troubled crypto lender, "people with knowledge of the situation" told Financial News.
17.06 / 10:05
advisers
Trump’s closest advisers viewed efforts to halt certification of election 'nuts' and 'crazy'
A committee investigating the 6 January Capitol insurrection in Washington on Thursday revealed the extraordinary efforts President Donald Trump and his team pursued in an attempt to overturn his 2020 election defeat to Joe Biden.
15.06 / 17:01
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