Congressman Wiley Nickel has taken a bold stance against the US Securities and Exchange Commission (SEC), accusing the agency of eroding trust in the regulatory system with its “regulation by enforcement” strategy. He believes that this approach is a blatant abuse of power that could potentially stifle digital innovation in the United States. Nickel has
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The recent legal saga involving former FTX executive Ryan Salame and the US government has taken a contentious turn. Salame has attempted to void his guilty plea, alleging that prosecutors misled him with false promises regarding their investigation into his partner Michelle Bond. However, the US Attorney’s Office has vehemently denied these claims, stating that
Indian cryptocurrency exchange WazirX recently made a startling revelation about the presence of external parties with vested interests trying to manipulate the ongoing restructuring process for their own gains. This revelation has shed light on the murky waters surrounding the cryptocurrency industry and the vulnerabilities faced by users of such platforms. The exchange pointed out
Australia’s Securities and Investment Commission (ASIC) has taken decisive action in shutting down a significant number of crypto scam websites over the course of the past year. In a statement released on August 19, ASIC revealed that a total of 615 scam websites had been closed down as part of a broader effort to combat
The co-founder of Gemini, Tyler Winklevoss, did not hold back in his recent post where he called the “reset” of Vice President Kamala Harris’ crypto stance a “scam.” This comes on the heels of the Federal Reserve’s crackdown and a roundtable discussion that Harris failed to attend on August 8th. Winklevoss took aim at the
At the Bitcoin 2024 conference in Nashville, US Republican Presidential candidate Donald Trump made a bold promise to the crypto community. He stated that if elected, his administration would mandate the US government to keep “100%” of the Bitcoin it currently holds or acquires. This promise sparked optimism among Bitcoin enthusiasts, as it would potentially
Recently, a US court granted Binance US permission to invest a portion of its customer fiat funds, currently held at BitGo, in US Treasury Bills. The exchange requested court approval to invest around $40 million in $10 million increments over four weeks. This move will allow Binance US to utilize a trading account on TreasuryDirect
The recent guilty plea of Paxful Inc. co-founder and former CTO Artur Schaback sheds light on the company’s failure to maintain an effective anti-money laundering (AML) program. According to the Department of Justice, Schaback’s negligence allowed Paxful to become a breeding ground for criminal activities such as money laundering, fraud, and extortion. This revelation not
The recent surge in inflows into US spot Bitcoin Exchange-Traded Funds (ETFs) has caught the attention of market participants and analysts alike. Over the past 17 days, these ETFs have experienced a remarkable streak of net additions, with a particularly notable day seeing inflows of $886.6 million – the second-highest single-day influx since their inception.
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