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Crypto Bills May Depend on U.S. House GOP Battle Over Scalise Speaker Pick
11.10.2023
The U.S. House of Representatives won’t get back to work on crypto legislation if Republicans can’t unify behind majority choice Steve Scalise – or some alternative – after the party’s ousting of Speaker of the House Kevin McCarthy (R-Calif.) derailed the congressional agenda
Sam Bankman-Fried Sues His Insurer as Legal Bills Mount
3.10.2023
The FTX founder is protesting CNA’s insurance policy as his legal woes cost him serious money
Gary Gensler Explains Why SEC Is Taking Litigation-Heavy Strategy to Regulate Crypto
1.10.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has explained why the securities regulator is taking a litigation-heavy strategy to regulate the crypto industry. The SEC chair insisted that enforcement actions against crypto firms are not brought with a political agenda...
Crypto bills could be delayed as many prepare for US gov't shutdown
25.9.2023
Bills focused on crypto regulation, market structure, and stablecoins could all be put on hold if U.S. lawmakers don't reach a decision on government spending by Sept. 30
Kansas adjourns crypto bill targeting political donations to January 2024
20.9.2023
The bill required politicians to “immediately convert” the crypto donations to U.S. dollars — with no scope of expenditures or HODLing the funds
UK House of Lords passes bill to seize stolen crypto
19.9.2023
During the bill's review phase, the House of Lords agreed on certain amendments to clarify its intent of targeting monetary proceeds from fraud or other financial crimes
Republicans Introduce Bills to Halt CBDC Implementation
15.9.2023
Lawmakers for the House Financial Services Committee (HFSC) introduced three bills on Thursday aimed at curbing the Federal Reserve's potential foray into the world of CBDCs.
The trio of bills rekindled prior Republican efforts to explicitly restrict the Federal Reserve from issuing a digital...
Dueling CBDC Bills Heading for U.S. Digital Dollar Debate in Congressional Hearing
14.9.2023
The idea of a digital dollar in the U.S. is so egregious to Republican lawmakers that it’s become a presidential campaign talking point and the subject of multiple bills to strangle it before it takes a first breath. But Rep. Stephen Lynch (D-Mass.) reintroduced a bill Thursday calling for...
Digital Trading Platform MetaComp Offers Clients Stablecoin-to-TradFi Security Path, Claiming Singapore First
13.9.2023
Trading volume has climbed to around $50 million since the service was introduced last month
Tether Boasts $72.5 Billion US Treasury Exposure as Interest in National Debt Falters
9.9.2023
Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $73 billion in U.S. debt, held directly, indirectly, or as collateral...
Tether's Ardoino says it's now one of top buyers of US Treasury bills, holds $72.5B
5.9.2023
The amount of exposure places Tether in the top 22 biggest holders of US Treasury bills, ranking above countries like Spain, Mexico, Australia and the United Arab Emirates
Crypto Exchange Mango’s Legal Bills Swell, a Year After Alleged $116M Heist
7.8.2023
First the blockchain-based exchange was allegedly victimized by a market manipulator, and now it's having to spend big on lawyers to pursue suits and other remedies
X will foot legal bills of users unfairly treated by employers for posting or liking content: Elon Musk
6.8.2023
The move appears to be related to cancellations, and people that were fired or mistreated at work for liking or posting certain content
Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash
3.8.2023
The USDT issuer Tether says it holds a lot of U.S. Treasuries and made a lot of money last quarter
Stablecoin Bill's Failure Reflects Deepening Political Divide in Crypto
3.8.2023
The passing of a much-discussed stablecoin bill last week in the House Financial Services Committee revealed just how deep the political divide in Washington has become, a recent Fortune Crypto newsletter said.
The bill, which was close to getting bipartisan support after negotiations between...
Tether Attestation Reveals Reserve Increase of $850 Million in Q2, Excess Reserves Reach $3.3 Billion
1.8.2023
Tether, the company behind the USDT stablecoin, has published an attestation revealing the company’s financials during Q2 2023. The document, prepared by BDO, a network of accounting and consulting services, found Tether has increased its reserves by $850 million during this period, with...
Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
1.8.2023
The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law
4 Crypto Bills Pass US House Committee
1.8.2023
The U.S. House Financial Services Committee has passed four crypto bills. “Congress is asserting its authority to design a regulatory framework, rather than allowing overzealous federal agencies to fill the gap with enforcement actions,” said the CEO of Blockchain Association. US House Committee...
First major success in US Congress for two crypto bills: Law Decoded
31.7.2023
In a 35–15 vote, the House Financial Services Committee approved the Financial Innovation and Technology for the 21st Century Act
Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills
31.7.2023
Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion