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  • framework-to-ban-members-of-congress-and-scotus-from-trading-stocks-includes-crypto-provision
    in ,

    Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision

    A bill based on the proposed framework banning crypto investments could help to “restore the public’s faith and trust in their public officials,” according to Zoe Lofgren. Members of the United States House of Representatives and Senate as well as Supreme Court justices currently trading cryptocurrencies may have to stop HODLing while in office should… More

  • us-treasury-clarifies-publishing-tornado-cash’s-code-does-not-violate-sanctions

    US Treasury clarifies publishing Tornado Cash’s code does not violate sanctions

    Residents would not be violating sanctions by visiting Tornado Cash’s website, copying the mixer’s open-source code, nor making the code available online or in print. The United States Department of the Treasury said “interacting” with cryptocurrency mixer Tornado Cash’s open-source code, with certain provisions, would not be in violation of sanctions imposed by the Office… More


    Dubai grants regulatory approval for office: Report

    The Virtual Assets Regulatory Authority of Dubai has previously given approval for, OKX and FTX subsidiaries to offer crypto-related services in the emirate. Blockchain wallet and cryptocurrency exchange platform has reportedly secured regulatory approval from Dubai’s Virtual Assets Regulatory Authority, or VARA.According to a Friday report from Reuters, VARA signed an agreement which… More

  • ‘we’re-not-giving-crypto-a-pass’-on-enforcement-action,-says-sec’s-gurbir-grewal

    ‘We’re not giving crypto a pass’ on enforcement action, says SEC’s Gurbir Grewal

    The SEC enforcement director said the commission “will continue to bring actions regardless of what label is used or technology is involved,” including cryptocurrencies. Gurbir Grewal, the enforcement director for the United States Securities and Exchange Commission, said the financial regulator will continue to investigate and bring enforcement actions against crypto firms, despite the narrative… More

  • bitcoiner-sentenced-to-federal-prison-warns-users-involved-in-otc-trading

    Bitcoiner sentenced to federal prison warns users involved in OTC trading

    “I’m just a regular Bitcoiner caught in the crosshairs,” claimed Mark Alexander Hopkins, also known as Rizzn, prior to serving his prison sentence. Mark Alexander Hopkins, also known by the moniker ‘Doctor Bitcoin’ or their handle Rizzn, has claimed that “transacting Bitcoin p2p is a federal crime” after announcing the sentence in their case to… More

  • uk-regulators-target-revolut-for-‘material-misstatement’-in-audit:-report

    UK regulators target Revolut for ‘material misstatement’ in audit: Report

    “The auditors are being significantly more challenging now, because they’re getting beaten up by their regulators,” an individual familiar with Revolut’s situation reportedly said. The United Kingdom’s Financial Reporting Council has reportedly found flaws in the audit of cryptocurrency-friendly payments app Revolut that included an “unacceptably high” risk of “material misstatement.”According to a Monday report… More

  • cftc-and-sec-open-comments-for-proposal-to-amend-crypto-reporting-rules-for-large-hedge-funds

    CFTC and SEC open comments for proposal to amend crypto reporting rules for large hedge funds

    The public was invited to comment on whether the regulators should use the term “crypto asset” instead of “digital asset” in proposed changes to Form PF. The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, have called for comments on a proposal which would require large advisers… More

  • former-cftc-commissioner-jill-sommers-joins-ftx-us-derivatives-board

    Former CFTC commissioner Jill Sommers joins FTX US Derivatives board

    The addition of Jill Sommers followed former CFTC commissioner Mark Wetjen becoming FTX US’ head of policy and regulatory strategy in November 2021. Jill Sommers, who served as a commissioner at the United States Commodity Futures Trading Commission, has joined the board of directors for FTX US Derivatives.In a Thursday announcement, crypto exchange FTX US’… More

  • binance-froze-$1m-corporate-account-due-to-law-enforcement-request

    Binance froze $1M corporate account due to law enforcement request

    The crypto exchange accused a Tezos tool contributor of “mislead[ing] the community” by claiming it was unaware of the reason Binance blocked access to its corporate account. Major crypto exchange Binance has confirmed it restricted account access to $1 million in crypto for a Tezos tool contributor after being called out on social media.In a… More

  • united-texas-bank-ceo-wants-to-‘limit-the-issuance-of-us-dollar-backed-stablecoins-to-banks’

    United Texas Bank CEO wants to ‘limit the issuance of US dollar-backed stablecoins to banks’

    Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.” Scott Beck, chief executive officer of United Texas Bank, called on members of the state’s blockchain working group to recommend policy for leaving stablecoins to banks rather than crypto firms.Speaking before the… More

  • tornado-cash-shows-that-defi-can’t-escape-regulation

    Tornado Cash shows that DeFi can’t escape regulation

    DeFi developers seriously need to consider working with regulators on compliance issues if they want their projects to succeed. The United States Treasury Department’s Office of Foreign Assets Control (OFAC) issued sanctions against Tornado Cash this month, marking its first action against a decentralized finance mixer in what may prove to be a watershed moment… More

  • coin-center-may-challenge-us-treasury’s-sanctions-on-tornado-cash-in-court

    Coin Center may challenge US Treasury’s sanctions on Tornado Cash in court

    “By treating autonomous code as a ‘person’ OFAC exceeds its statutory authority,” said Coin Center’s Jerry Brito and Peter Van Valkenburgh. United States-based crypto policy advocacy group Coin Center said it intended to “pursue administrative relief” for individuals affected by Tornado Cash sanctions imposed by the Treasury Department’s Office of Foreign Asset Control, or OFAC.In… More

  • us-treasury-sanctions-usdc-and-eth-addresses-connected-to-tornado-cash

    US Treasury sanctions USDC and ETH addresses connected to Tornado Cash

    The protocol was at the center of some recent hacks and exploits in decentralized finance, including the alleged theft of $455 million by the North Korea-affiliated Lazarus Group. The United States Treasury Department has added more than 40 cryptocurrency addresses allegedly connected to controversial mixer Tornado Cash to the Specially Designated Nationals list of the… More

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