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United States

US seizes $45 million in fraud proceeds from Tether/FTX’s bank Deltec
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19 July, 2023

US seizes $45 million in fraud proceeds from Tether/FTX’s bank Deltec

It “appears” that Deltec Bank “misrepresented the purpose and use” of its MUFJ accounts, which were opened with MUFJ by...
US GAO: Blockchain tech can improve operations of SBA programs
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18 July, 2023

US GAO: Blockchain tech can improve operations of SBA programs

U.S. Government Accountability Office's 10-page report highlighted several ways for the SBA to leverage blockchain technology, which includes collecting and...
FTC launches first major US investigation into ChatGPT maker OpenAI
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17 July, 2023

FTC launches first major US investigation into ChatGPT maker OpenAI

The Federal Trade Commission is probing whether OpenAI has breached customer protection laws or caused reputational harm to users, as...
Proposed Digital Asset bill would weaken protections and open door to unregistered players: lobby letter
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17 July, 2023

Proposed Digital Asset bill would weaken protections and open door to unregistered players: lobby letter

Signatories of the DAMS Draft bill argue that the proposed legislation would slash regulatory oversight of the highly volatile digital...
Former Celsius CEO Alex Mashinsky arrested and charged with fraud
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14 July, 2023

Former Celsius CEO Alex Mashinsky arrested and charged with fraud

Former Celsius CEO Alex Mashinsky and former CRO Roni Cohen-Pavon face charges of conspiracy, securities fraud, market manipulation, and wire...
Institutional sales of XRP were securities, court rules
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14 July, 2023

Institutional sales of XRP were securities, court rules

The question of whether XRP was an illegal securities offering is over: the court says it was an illegal securities...
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