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Congress crypto USA

Crypto Execs and Congress Discussed the Future of Finance

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Crypto representatives and congresspeople discussed the future of digital assets during the hearing called by the chairwoman of the House Committee of Financial Services, Maxine Waters. Mainly, members of congress were positive about the industry. FTX CEO Sam Bankman-Fried, Coinbase CFO Alesia...

US Congress crypto executives

Crypto Executives Will Testify Before Congress

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Crypto Chief Executive Officers will appear before Congress on Dec. 8. The news comes as the crypto regulatory question continues to be one of the primary questions in the country. The hearing was called by the U.S. Representative for California's 43rd congressional district, chair of the House...

Hack

US authorities confiscate $2.3M worth of crypto from a Russian hacker

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At the end of the summer, American law enforcement officers confiscated about $ 2.3 million in digital currency from a hacker from Russia. The criminal is currently in the territory of the Russian Federation. We are talking about Alexander Sikerin, who may be associated with the REvil hacker group,...

USA

US government will replenish budget through confiscations of crypto

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The Internal Revenue Service (IRS) plans to recover billions of dollars worth of cryptos in delinquent claims next year. During the 2021 fiscal year, the department replenished the treasury under this item by $ 3.5 billion. This is the equivalent of 93% of all seized assets in illegal...

Joe Biden signed infrastructure bill

President Biden Signed the Infrastructure Bill

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The US president Joe Biden signed a $1.2 trillion infrastructure bill that includes crypto regulation rules. According to the new law, digital currency transactions exceeding $10.000, must be reported to the Internal Revenue Service. The bill was first introduced in August this year, stating that...

stablecoins regulations

The US Treasury Presented a Report on Stablecoins

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On Nov. 1, the US Treasury tweeted about having issued a report on stablecoins together with the US President's Working Group on Financial Markets, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency. Today, Treasury joined colleagues from the President’s...

Bitcoin mining USA

USA Becomes the Biggest Bitcoin Mining Hub

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After China's ban on crypto mining, released in May, the USA became the leader of BTC mining. A study by the Cambridge Centre for Alternative Finance shows that the BTC mining hashrate of China dropped from 44% to 0% between May and July. In 2019, three-quarters of the world’s hashrate came from...

Joe Biden crypto news

White House To Consider Ways of Regulating Crypto

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The U.S. government explores the crypto industry and possible ways of its regulations. Bloomberg reported on October 8, that the Biden administration weighs executive orders for federal agencies, which would explore the sector and present recommendations. Sources informed Bloomberg, the order...

Elon Musk

Elon Musk urges the US to abandon plans for crypto regulation

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Tesla CEO Elon Musk is known as one of the fans of the digital currency Dogecoin (DOGE). Last Tuesday, the businessman spoke at a conference in California and called on the US authorities to abandon the implementation of crypto regulation. It is impossible to destroy this industry, but states can...

Binance USA investigation

The USA Examines the Possibility of Insider Trading at Binance

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The USA authorities are investigating Binance Holdings to find out whether the company is engaged in insider trading or market manipulation activities. As Bloomberg announced on Friday, the probe is confidential. The media platform got the news from the people familiar with the case. They informed...

BitMex

Former BitMEX executive agreed to extradition to the US

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Bermuda-based ex-director of business development at BitMEX Gregory Dwyer agreed to extradition to the United States to face trial. In October 2020, the US Department of Justice indicted the exchange's co-founders Arthur Hayes, Ben Delo, Samuel Reid, and Dwyer for violating the Bank Secrecy Act....

US Treasury crypto news

The US Treasury Proposes Data-Sharing Crypto Rules

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The national treasury of the US proposes to adopt new crypto reporting rules in a $3.5 trillion budget reconciliation bill. Roll Call, a Washington D.C. website delivering Congress news, posted a report. An administration official whose identity is disclosed told Roll Call the Treasury proposed...

US Senate crypto plan

US Senator Rob Portman Presents Crypto Provision

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A $1 trillion infrastructure bill is currently being discussed in the US Senate. The plan is meant to increase the US funds and make improvements in the country. Crypto, particularly its tax-reporting and transactions are a part of the bill. The provision aims to raise $28 B from the sector. Senate...

Monero

Former Monero developer arrested by US law enforcement

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The former developer of the most anonymous and scandalous cryptocurrency project Monero - Riccardo Spagni, was recently arrested by the US police at the request of South Africa. According to reports, the arrest was made while the man was on the plane while refueling in Tennessee. It is known that...

Digital dollar

The US should accelerate the development of digital dollar

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In the US leadership at various levels, many periodically raise the question of the advisability of launching the digital dollar. Federal Reserve Governor Lael Brainard believes that many states are already moving towards creating a national token. If Washington hesitates, then the country runs the...

Esther Pierce

Esther Pearce Calls on US to speed ​​up BTC ETF legalization

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SEC Commissioner Esther Pierce is known in the United States as a supporter of the early legalization of the cryptosphere. It is she, along with her like-minded people, who lobbies for the digital asset recognition program. She reiterated her concern this week over Washington's delays in legalizing...

Janet Yellen

The US to develop legislation for stablecoins

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Federal Reserve Chairman Jerome Powell this week announced the need to regulate digital currencies backed by fiat money. The appeal of the American regulator was heard at the Ministry of Finance. It became known yesterday that the country's financial department will create an expert group that will...

Biden Putin talk

Biden and Putin Discussed Acting On Bitcoin Ransomware

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White House announced that US president Joe Biden had a phone talk with Russia's President Vladimir Putin on July 9. The subject was ransomware attacks from Russia-based gangs that occurred recently. Biden said the US finds Russia must take measures against the cybercriminals when the US gives them...

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