Us government Financial News
21.03 / 09:13
regulation
us government
Banks
Federal Reserve
Insurance
banking
US exploring ways to guarantee the country's 18T of bank deposits: Report
U.S. officials are reportedly studying ways to expand the current scope of deposit insurance that would guarantee all U.S. bank deposits should the current banking crisis worsen.
20.03 / 08:01
business
regulation
us government
Banks
Federal Reserve
Press Release
NOT
FDIC sells Signature Bank deposits to Flagstar, crypto not included
Only a week after its collapse, Signature Bank’s deposits and loans are set to be sold to Flagstar Bank, a subsidiary of New York Community Bancorp — crypto-related deposits however, will not be part of the deal.
19.03 / 14:31
business
Government
regulation
us government
FTX
Court
SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse
Before crypto exchange FTX and its founder Sam Bankman-Fried (SBF) got tied down around allegations of misappropriation of users’ funds, SBF was among the most influential crypto entrepreneurs. Long before FTX collapsed, an allegedly leaked email exchange with a top regulator shows SBF’s intent to get the exchange federally regulated.
19.03 / 11:07
Government
regulation
us government
Bitcoin
Dollar
Financial
Peter Schiff blames ‘too much gov't regulation’ for worsening financial crisis
The recent fall of major banks in the United States and the need for federal intervention reignited discussions to identify the most effective ways to safeguard the crumbling economies. Comparing the episode to the financial crisis of 2008, prominent economist Peter Schiff found that increasing banking regulations contribute to the worsening financial crisis.
17.03 / 11:09
Blockchain
regulation
SEC
us government
students
Universities
Intern for Gensler? SEC's college traineeships start at $15 an hour
College students wishing to intern for the United States Securities and Exchange Commission (SEC) are in luck — the regulator has opened applications for its Scholars Program for Fall 2023.
15.03 / 10:31
Binance
regulation
SEC
us government
Court
Bankruptcy
US officials appeal protections for Voyager execs in Binance.US sale
United States officials want to remove a provision included in bankrupt lender Voyager Digital’s plan to sell its digital assets to crypto exchange Binance.US that would prevent them from legally pursuing anyone involved with the sale.
15.03 / 10:31
Law
Ethereum
defi
hacks
lending
us government
UK government
Euler Finance’s offer to hacker: Keep $20M or face the law
Ethereum-based noncustodial lending protocol Euler Finance is trying to cut a deal with the exploiter that stole millions from its protocol, demanding the hacker returns 90% of the funds they stole within 24 hours or face legal consequences.
14.03 / 05:15
regulation
us government
Federal Reserve
banking
US Fed faces internal probe over Silicon Valley Bank failure
The Federal Reserve is investigating the factors that led to the failure of Silicon Valley Bank — including how it supervised and regulated the now-collapsed financial institution.
14.03 / 02:35
business
Blockchain
Technology
us government
Banks
banking
Digital Asset
Marathon
Marathon Digital: Deposits held at Signature Bank are secure and available
Crypto mining firm Marathon Digital Holdings has assured investors that the firm's cash deposits at Signature Bank are secure and available for use as of Mar. 13.
13.03 / 08:29
business
Blockchain
regulation
SEC
us government
Usd Coin
Biden vows to hold those responsible for SVB, Signature collapse
The President of the United States Joe Biden has vowed to hold those responsible for the failure of Silicon Valley Bank and Signature Bank while assuring Americans that their deposits are safe.
10.03 / 05:09
Blockchain
Adoption
regulation
us government
Federal Reserve
Congress
Bitcoin
CBDCs could be 'easily weaponized' to spy on US citizens: Congressman
United States Congressman Tom Emmer believes the launch of programmable central bank digital currency (CBDC) in the country could strip American citizens of their financial privacy.
09.03 / 05:37
business
regulation
Department Of Justice
Scams
Fraud
us government
Bitcoin
Prison
AirBit Club execs face decades in prison after pleading guilty to $100M fraud
Six people involved in a cryptocurrency “Ponzi scheme” that raked in about $100 million over five years have pled guilty to a series of fraud and money laundering charges, each carrying a maximum sentence of 20 to 30 years of prison.
08.03 / 15:11
markets
coinbase
us government
Silk Road
Bitcoin
Bitcoin Price
Brace for BTC price volatility? Bitcoin 'coin days destroyed' metric jumps to 2-month highs
On March 8, the U.S. government moved 49,000 Bitcoin worth $1 billion seized from the Silk Road. The transfer was accompanied by Bitcoin’s (BTC) price slipping below $22,000, as well as a noticeable spike in a key holder metric.
07.03 / 10:13
business
Binance
regulation
SEC
us government
Court
Bankruptcy
advisers
NOT
SEC not allowed to punish Voyager advisers over bankruptcy token, says US judge
The United States Securities Exchange Commission (SEC) won’t be allowed to fine executives involved in Voyager Digital should it end up issuing bankruptcy tokens to help repay impacted customers, bankruptcy judge Michael Wiles has said.
07.03 / 06:33
Blockchain
Ethereum
Adoption
privacy
Developers
us government
Tornado Cash dev says 'sequel' to crypto mixer aims to be regulator-friendly
A former Tornado Cash developer claims to be building a new crypto mixing service that aims to solve a “critical flaw” of the sanctioned crypto mixer — which he hopes will convince U.S. regulators to reconsider its position on privacy mixers.
06.03 / 20:31
Government
Law
regulation
SEC
us government
lawmakers
Lawmakers should check the SEC’s wartime consigliere with legislation
When Michael Corleone ordered hits on rival bosses in The Godfather, he had Don Cuneo locked inside a revolving door and shot. Getting whacked while trapped behind a barred door appears to be the treatment United States Securities and Exchange Commission Chair Gary Gensler has in mind for U.S. crypto projects based on recent SEC enforcement activity and comments by the chair.
03.03 / 05:19
business
Blockchain
Tether
coinbase
stocks
us government
FTX
MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%
Business intelligence firm MicroStrategy and stablecoin issuer Tether have become the latest two firms to publicly deny any meaningful exposure to Silvergate Bank.
01.03 / 09:51
business
Government
Blockchain
Adoption
us government
Federal Reserve
US lagging on CBDCs could spell ‘trouble’ — Crypto Council policy head
A cryptocurrency researcher and former CIA analyst believes the United States government’s relatively slow start on Central Bank Digital Currency (CBDC) development may result in it losing grip on controlling the global financial system.
27.02 / 17:33
business
Government
Binance
regulation
SEC
security
us government
Is the SEC’s action against BUSD more about Binance than stablecoins?
Binance branded stablecoin, Binance USD (BUSD), is a dollar-backed stablecoin issued by blockchain infrastructure platform Paxos Trust Company, and is the third largest stablecoin after Tether’s (USDT) and Circle’s USD Coin (USDC).
25.02 / 00:37
Government
Law
regulation
Web3
us government
Bitcoin Regulation
Change lies ahead for haphazard crypto regulation
The World Wide Web, as its name implies, is borderless, and so is crypto. The internet and cryptocurrency’s common ethos is wide-open communication and exchange, unimpeded by national boundaries. On the ground, however, as crypto has become a more significant player in the financial system, nations have begun to consider issues of sovereignty and regulation. While many countries have so far remained open to crypto, others have restricted its use or outright banned it. The same reason that some have advocated for crypto and blockchain technology — as a means of revolutionizing the international financial system — has alarmed plenty of world leaders.
24.02 / 18:05
Government
Adoption
Investments
us government
Pensions
Retirement
Bitcoin retirement plans elicit caution from regulators
Even as the crypto market continues to forge an impressive recovery from the 2022 bear market, the industry continues to attract the wrath of regulators worldwide, especially in the United States. Three U.S. financial watchdogs recently issued stern warnings to individuals looking to invest in retirement funds offering exposure to digital assets.
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