Wednesday, December 18, 2024
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U.S. Senate’s Banking Chairman Says Panel to ‘Crack Down’ on Crypto’s Terrorism Ties

"On this committee, we have a unique role to play, working to understand the financing behind Hamas’s attacks, so we can work to cut off funding for terrorism at its source ... and we will examine multiple terrorist funding streams, including cryptocurrency, and consider additional measures to stop the flow

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U.S. Senate’s Warren Calls for Crackdown on ‘Sham’ Crypto Audits

The Public Company Accounting Oversight Board (PCAOB), which is authorized and overseen by the U.S. Securities and Exchange Commission (SEC) and funded by audited public companies, acknowledged the potential problem with crypto auditing to the lawmakers, including Sen. Ron Wyden (D-Ore.), chair of the Senate Finance Committee. Source

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Senate’s Pressure on Libra Association Is ‘Un-American’

Coinbase CEO has criticized United States’ senators for asking Stripe, Mastercard and Visa to leave Facebook’s crypto project Libra.“Something feels very un-American about this”After U.S. Senators Brian Schatz and Sherrod Brown apparently pressured the payment giants to leave Libra, Brian Armstrong, co-founder and CEO of major U.S. crypto exchange

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