USDC issuer Circle Financial subpoenaed by US securities regulator
The firm revealed in a recent regulatory filing that the Securities and Exchange Commission (SEC) subpoenaed it in July, although it refused to reveal what the probe was about.
Latest United States News
White House convenes 30 countries for ransomware and cybersecurity talks
The U.S. government is doubling down on its anti-cybercrime efforts, this time meeting with NATO allies and 30 other nations to chart an actionable cause of action.
Congressman Tom Emmer urges Federal Reserve to back innovation in digital assets
The letter is framed around questions following the comments of Chairman Jerome Powell, which seek to explore the rationale behind the Fed’s approach to digital assets more broadly.
IRS: Digital currencies are top enforcement priority
An IRS Commissioner has made it clear that companies in the cannabis industry that use digital currencies must pay taxes as they are considered commodities.
After Kraken, CFTC goes after 12 other firms for failure to register as FCMs
The 12 have allegedly been offering users the opportunity to purchase binary options based off the value of commodities like digital currencies and forex, according to the regulator.
Kraken ordered to pay $1.25M in fines over illegal margined digital currency products
The CFTC has settled with Kraken after accusing the exchange of offering unqualified investors illegal margined digital currency products without a license.
Fed chair still undecided on dollar CBDC
The Federal Reserve is still weighing the advantages of a CBDC and is in no rush to reach a decision on to rollout the technology, according to Jerome Powell.
‘Crypto is fool’s gold’: Why the OCC chief is right
Anyone who digs and conducts independent research finds that it’s not at all clear why there are thousands of digital currencies, and as Michael Hsu notes, there are no clear answers as to how the massive returns available in DeFi are generated.
Biden picks strong Bitcoin critic Saule Omarova to head OCC
White House describes Omarova as “one of the country’s leading academic experts on issues related to regulation of systemic risk and structural trends in financial markets.”
The CoinGeek Pulse Episode 62: Binance probe expands, US regulators want to end Celsius, Aequantium selects Tokenized
Authorities in the United States have reportedly expanded their investigation into Binance cryptocurrency exchange to include possible insider trading and market manipulation.
Ripple dealt with new blow as judge denies access to SEC staff trading records
Judge Sarah Netburn ruled against Ripple’s request to gain access to the trading records, saying that individual trading decisions do not bear on the issues in the case.
SEC brings landmark crowdfunding charges against two $2M projects
Robert Shumake, Willard Jackson, and Nicole Birch are accused of conducting the two fraudulent crowdfunding offerings. They allegedly sold securities in 420 Real Estate and the now-defunct Transatlantic Real Estate.