California governor vetoes state’s ‘BitLicense’ bill, calls it premature
Gov. Gavin Newsom nixed the bill, which would have created a licensing regime for VASPs similar to New York’s BitLicense, calling for a more flexible approach.
Latest United States News
DOJ charges Utah man, 2 of his companies with multiple counts of digital asset fraud
The risks of investing in digital assets were highlighted once again following the charges slapped against a Utah man who allegedly scammed investors over $2 million through social media.
Tulip Trust demands Roche Freedman turn over documents relating to its relationship with Ava Labs
The Tulip Trust has asked that Roche Freedman be disqualified from its case against Ira Kleiman over the ownership of W&K.
IRS hunts digital currency tax cheats with M.Y. Safra bank summons
The summons, often referred to as a "John Doe" summons, seeks information on customers of SFOX who may not have reported their digital currency gains on tax returns.
New US bill seeks to ban UST-like algorithmic stablecoins for 2 years
The bill has undergone several amendments, and the latest would protect Americans from a Terra-like collapse by banning "endogenously collateralized" tokens.
US looks to beef up Russia sanctions via crypto mixer crackdown
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on tightening rules on Russia, with chair Sherrod Brown (D-OH) referencing the need to enforce "economic sanctions."
SEC settles with Sparkster ICO project for $35M, digital asset influencer charged
Sparkster sold millions of SPRK tokens back in 2018 and raised $30 million, with influencer Ian Balina purchasing millions of tokens and then promoting them.
Do digital assets play a role in illicit finance? US Treasury asks for public feedback
Treasury published a “request for comment” this week following Joe Biden’s executive order and wants to know if it has been clear enough with Bitcoin regulations.
Colorado now accepts digital asset payments for taxes
Gov. Jared Polis made good on his promise earlier this year, announcing on September 19 that Colorado residents can now use PayPal’s digital asset service to pay taxes.
US judge orders Tether to produce detailed documents on USDT’s backing
The order from U.S. District Judge Katherine Polk Failla is part of a case that's been ongoing since 2019, where a group of traders sued Tether and accused it of causing over a trillion dollars' worth of damages.
SEC indicts man who allegedly defrauded $4.3M from investors
Gabriel Edelman faces a lengthy prison term as he stands trial on charges of misappropriating funds and tricking investors into raising $4 million for investments in virtual currencies.
CFTC commissioner visits Ripple offices as supremacy battle with SEC heats up
The visit by CFTC’s Caroline Pham, who criticized the SEC’s “regulation by enforcement” earlier this year, comes as both agencies fight for digital currency industry oversight.