A bipartisan group of U.S. lawmakers wrote to the Treasury Department and the National Security Council, calling for the Biden Administration to crackdown on digital asset financing of terrorism.
A letter from U.S. lawmakers called out the Treasury Department and the IRS for their delay in enforcing digital asset tax requirements, stressing that the setback leads to a massive loss in revenue.
Recognizing the threat of "cryptocurrencies," U.S. lawmakers released a bill fortifying existing AML/CFT rules governing the financial system to help transform the sector into a safer space.
Two prominent U.S. senators are calling for the Justice Department to investigate Binance over false statements the company made to lawmakers on March 1 when it responded to a Congressional inquiry about its business practices.
Silvergate CEO Alan Lane slams “speculation and misinformation” on his firm's alleged instability following the FTX collapse, insisting that its customers' deposits remain accessible and safe.