Us government Financial News

28.01 / 05:03

Government Blockchain us government integration California DMV to digitize car title management system via Tezos

The California Department of Motor Vehicles (DMV) is testing out the digitization of car titles and title transfers via a private Tezos blockchain.

27.01 / 09:07

business Blockchain Adoption Investments SEC us government Wall Street US securities regulator probes Wall Street over crypto custody: Report

The United States Securities and Exchange Commission (SEC) has been probing traditional Wall Street investment advisors that may be offering digital asset custody to its clients without the proper qualifications.

26.01 / 09:27

business Blockchain SEC us government Congress Senate Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren

United States senator and crypto skeptic Elizabeth Warren wants the Securities Exchange Commission (SEC) to “double down” on its crypto enforcement efforts, highlighting that the cryptocurrency industry is running “scared” for what’s to come next.

26.01 / 03:43

business Government Blockchain Law Adoption SEC us government Lawyers regulatory Crypto lawyers to be in demand as regulatory pressure reaches boiling point

Crypto-versed lawyers will play an increasingly important role in Web3 firms — particularly after the implosion of FTX and the industry braces for regulatory turbulence, two legal academics believe.

24.01 / 17:15

Government Law Adoption regulation us government Central Bank Cash Winter Olympics Amid crypto winter, central banks rethink in-house digital currencies

Over the last couple of years, numerous reports have surfaced regarding governments worldwide exploring the issuance of their very own central bank digital currency. In fact, to date, nine countries have rolled out an active CBDC offering. In this regard, China’s digital yuan witnessed widespread use during the 2022 Winter Olympics.

20.01 / 09:45

business Blockchain regulation crimes Cybercrime us government Drop Ransom refusals hit attackers where it hurts: 40% revenue drop in 2022 — Chainalysis

Ransomware victims have seemingly had enough of the extortion, with ransomware revenues for attackers plummeting 40% to $456.8 million in 2022.

20.01 / 09:45

business Blockchain Law us government Court Media Lawyers Daring drive-by at SBF’s: 3 men drove into barricade and fled: Lawyers

Three men reportedly drove their car into the metal barricade outside Sam Bankman-Fried’s parent’s home where he is currently under house arrest, SBF’s lawyers claim.

20.01 / 01:45

business Government Blockchain regulation SEC lending us government settlement Nexo agrees to $45M settlement with SEC and NASAA over earn product

Crypto lender Nexo Capital has agreed to pay $45 million in penalties to the United States Securities Exchange Commission (SEC) and The North American Securities Administrators Association (NASAA) for allegedly failing to register the offer and sale of its Earn Interest Product (EIP).

18.01 / 21:37

markets us government Bitcoin Headlines Bitcoin and Ethereum correct as Bitzlato take down, tech layoffs and economic worries dominate headlines

Bitcoin (BTC) price and the wider crypto market corrected as news of coordinated “international cryptocurrency enforcement action” stirred up uncertainty among traders.

28.12 / 18:15

business Government Scams us government Department Scammers impersonate US State Department, claiming to help affected FTX users

As the FTX collapse left many users yearning for the return of lost funds, scammers are using the opportunity to take advantage of the already injured victims, posing as government officials.

15.12 / 06:51

regulation us government FTX Senate Rep. Tom Emmer mulls bringing back bill aimed at reducing crypto red tape

Crypto-friendly Congressman Tom Emmer is considering re-floating a bipartisan bill that would lift the requirement for certain crypto businesses and projects to register as Virtual Asset Service Providers (VASPs) in the wake of the FTX collapse.

12.12 / 08:05

Government regulation us government Senate US senator: There's 'no reason why' crypto should exist

Another crypto-skeptic United States senator is on the loose, with Democrat Jon Tester boldly stating that he sees “no reason why” crypto should exist.

08.12 / 10:03

business Government Stablecoin us government Terra Classic Fried FTX's Bankman-Fried to face market manipulation probe, Do Kwon chimes in

United States federal prosecutors have reportedly begun investigating whether the collapse of the Terra ecosystem was in fact triggered by market manipulation tactics by former FTX CEO Sam Bankman-Fried.

18.11 / 13:59

Blockchain regulation us government advertisement FINRA FTX meltdown triggers FINRA into probing crypto comms

The Financial Industry Regulatory Authority (FINRA), the American self-regulatory organization, has launched an examination into the firm’s retail communications concerning crypto products and services offered by them.

05.11 / 10:15

Ethereum us government censorship Upgrade OFAC compliance Ethereum inches even closer to total censorship due to OFAC compliance

Considering that protocol-level censorship is deterrent to the crypto ecosystem's goal of highly open and accessible finance, the community has been keeping track of Ethereum’s growing compliance with standards laid down by the Office of Foreign Assets Control (OFAC). Over the last 24 hours, the Ethereum network was found to enforce OFAC compliance on over 73% of its blocks.

03.11 / 01:17

Law regulation us government Fried Bankman-Fried misguides regulators by directing them away from centralized finance

Last month’s proposal from Sam Bankman-Fried, CEO of crypto exchange FTX, for regulators to establish a litany of standards for the cryptocurrency industry poses an existential threat to decentralized finance (DeFi) platforms and entrepreneurial spirit. As one of a select few with the capital and clout to move the needle in the discussion surrounding crypto regulation, Bankman-Fried, also known as SBF, should be taking a stand to protect DeFi by directing regulators to where they’re urgently needed: centralized finance (CeFi) platforms and centralized exchanges (CEXs).

14.10 / 06:55

regulation us government banking Time Regulators are 'spending too much time' on crypto: Comptroller

United States Acting Comptroller of the Currency (OCC) Michael Hsu has expressed concerns that regulators are spending “too much time on crypto," rather than more pressing issues, such as technology and banking.

30.09 / 09:17

Blockchain Ethereum regulation us government us sanctions 45% of ETH validators now complying with US sanctions — Labrys CEO

According to the CEO of blockchain development agency Labrys, Lachan Feeney, approximately 45% of all Ethereum blocks currently being validated run MEV-boost relay flashbots and comply with United States sanctions.

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.

27.07 / 06:07

CFTC regulation SEC us government CFTC poaches Pantera Capital's legal counsel, citing digital asset experience

Commodity Futures Trading Commission (CFTC) commissioner Goldsmith Romero cited Joe Cisewski’s experience in digital assets as a key reason behind onboarding him as chief of staff and senior counsel.

20.07 / 12:59

regulation SEC us government Crypto Companies US senator blasts SEC for non-judicial actions against crypto companies

Tom Emmer, the Republican Senator from Minnesota, has become the latest politician to blast the United States Securities and Exchange Commission (SEC) for its unethical actions against crypto companies.

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