Tag: United States
All news related to the United States.
IRS Unveils Largest Crypto Cases of 2023
Reading Time: < 1 minute The IRS Criminal Investigations Division has recently revealed a list of their top ten most well-known and high-profile cases in 2023.
Court Accepts Changpeng Zhao’s Admission to Violating US AML Laws
Reading Time: < 1 minute A US District Judge in Seattle has acknowledged the guilty plea of former Binance CEO Changpeng Zhao (CZ) concerning charges linked to anti-money laundering violations.
The IRS Focuses on Crypto Tax Evasion
Reading Time: < 1 minute In just three years, the majority of cryptocurrency investigations have switched from money laundering to tax evasion.
Arthur Hayes: US Attitude Towards Changpeng Zhao and Binance is Absurd
Reading Time: < 1 minute According to former BitMEX CEO Arthur Hayes, Binance’s large fines are indicative of a bias against the revolutionary potential of cryptocurrencies and blockchain technology.
Court Denies Sam Bankman-Fried’s Motion to Be Released
Reading Time: < 1 minute The latest request for release by Sam Bankman-Fried has been denied by the US Court of Appeals for the Second Circuit, leaving him in jail while his lawyers appeal his case.
Kraken Founder: Crypto Companies Should Leave US
Reading Time: < 1 minute Jesse Powell, founder of crypto exchange Kraken, has called for businesses in the crypto space to leave the US as soon as possible.
SEC is Facing Problems to Hire Crypto Experts
Reading Time: < 1 minute The SEC is facing difficulties in hiring experts in cryptocurrency due to the reluctance of qualified applicants to part with their digital assets.
Court Approves Bittrex’s Liquidation in USA
Reading Time: < 1 minute A revised plan for bankruptcy and winding down operations in the United States has been approved by the court for cryptocurrency exchange Bittrex.
Hester Peirce is Against SEC Actions in LBRY Case
Reading Time: < 1 minute Commissioner Hester Peirce of the SEC has expressed her belief that the agency could have better utilized their time and resources by focusing on developing a workable regulatory framework, rather than devoting them to the LBRY case.
Cryptos Are An Innovative Tool: Report
Reading Time: < 1 minute Coinbase has discovered that a significant number of millennials in the US consider digital currencies to be an integral part of the modernization of the global financial system.
Gary Gensler Says Scams Are Abundant in Crypto Industry
Reading Time: < 1 minute According to Gary Gensler, the chairman of the Securities and Exchange Commission, the digital asset industry is plagued by fraudulent activities, scams, bankruptcies, and money laundering.
SEC Imposes $2.5M Fine on BlackRock
Reading Time: < 1 minute The SEC has charged BlackRock with knowingly providing false information about their investments in the entertainment industry.
US is Losing Control Over Stablecoins: Circle CEO
Reading Time: < 1 minute According to Circle’s CEO Jeremy Allaire, the US government is not taking decisive action towards legalizing stablecoins, causing companies to move to other countries.
Report: US Residents Conducted $1T in Crypto Transactions in a Year
Reading Time: < 1 minute Between July 2022 and June 2023, US residents conducted over $1 trillion in cryptocurrency transactions, making it the highest in the world.
US Congress Urges Government to Deny Hamas Access to Crypto
Reading Time: < 1 minute US Congress members have urged the US government to prevent the Hamas group from accessing its cryptocurrency wallets.
US Authorities Concerned About China’s Mining Firms: Media
Reading Time: < 1 minute Chinese mining companies operating in the US have raised concerns over national security. The New York Times reported on this issue, citing sources from the US government.
Judge Rejects SEC’s Appeal in Ripple Case
Reading Time: < 1 minute Judge Analisa Torres of the District Court has denied the SEC’s request for an interlocutory appeal in the case against Ripple, where XRP was only partially recognized as a security.
Binance in Vulnerable Position Due to Regulatory Pressure in US: WSJ
Reading Time: < 1 minute The Wall Street Journal has reported that Binance is facing pressure from US regulators, leading to its vulnerability.
US Sanctions Ethereum Wallet Linked to Sinaloa Cartel
Reading Time: < 1 minute The US Treasury Department’s Office of Foreign Assets Control (OFAC) has taken action against Jimenez Castro, a member of the Mexican Sinaloa drug cartel, by imposing sanctions on him.
US Democrats Say Republican Bill Against Digital Dollar is Stupid
Reading Time: < 1 minute The introduction of a bill by Republicans that would ban the distribution of CBDCs by the Federal Reserve to individual citizens has sparked criticism from Democrats.
Hester Peirce: SEC’s Crypto Policy Might Change
Reading Time: < 1 minute SEC Commissioner Hester Peirce has acknowledged that the agency’s current stance on the crypto industry may see changes.
Brad Garlinghouse Says US is Worst Country for Crypto Companies
Reading Time: < 1 minute Ripple CEO Brad Garlinghouse has reiterated his earlier claim that crypto companies are facing repressiveness in the US due to the harsh policies of the authorities.
Gary Gensler: The SEC Seeks to Regulate Crypto
Reading Time: < 1 minute Gary Gensler has stated in a Senate Banking Committee hearing that the majority of cryptocurrencies are regarded as securities and fall under the SEC’s jurisdiction.
Arthur Hayes Believes Fed is Creating Conditions for Bitcoin to Rise
Reading Time: < 1 minute Arthur Hayes, the former head of BitMEX, has stated his belief that Bitcoin will gain strength due to the capital reallocation out of the US dollar.
USDT Issuer Tether Increases its Investment in US Treasuries
Reading Time: < 1 minute Tether has seen a jump in their investments in US treasury bonds in the last four months, rising up the rankings three places to become the 22nd largest holder of such debt.