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TD Bank Makes History as First US Bank to Plead Guilty to Money Laundering Conspiracy
14.10.2024
TD Bank, one of the largest financial institutions in the U.S., has agreed to pay a record $3 billion penalty, the largest ever under the Bank Secrecy Act, after pleading guilty to felony charges. The bank is the largest in U.S. history to plead guilty to Bank Secrecy Act program failures and...
Sens. Lummis, Wyden oppose Justice Dept. stance on Tornado Cash charges
13.5.2024
If the Justice Dept. prevails in the case against the cryptocurrency mixer, internet service providers and the post office may also be liable to transmitter requirements, they said
SEC’s Absence at Binance Settlement Announcement Raises Questions
5.12.2023
SEC building. Source: Adobe / qingwa The recent $4.3 billion settlement between Binance and various US government agencies, announced by top Biden administration officials, has stirred controversy due to the absence of Securities and Exchange Commission (SEC) Chair Gary Gensler at the announcement....
Lawmakers Urge DOJ to Decide on Binance and Tether’s Role in Crypto Funded Terrorism Linked to Hamas and Israel Conflict
26.10.2023
Today, as the U.S. Department of Justice (DOJ) evaluates possible criminal charges against Binance and Tether, two prominent U.S. lawmakers are emphasizing the urgency of the matter. U.S. Senator Cynthia Lummis (R-Wy.) and Representative French Hill (R-Ark.) dispatched a letter to Attorney General...
US Senator Expresses Concern Over Prometheum Co-CEO’s Congressional Testimony
11.7.2023
On Monday, U.S. senator Thomas Tuberville (R-AL) published an open letter to U.S. attorney general Merrick Garland and Securities and Exchange Commission (SEC) chairman Gary Gensler expressing concern over allegations that Prometheum, Inc., a registered digital asset company, may have provided...