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U.S. Congressman Josh Gottheimer (D-N.J.) has proposed an amendment to a federal budget bill that would give the Treasury Department an additional $3 million to fight crypto-related crime in 2023. Original Source
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The asset breakdown comes at a time when crypto firms and their finances are under increased scrutiny in the on-going crypto credit crisis. Original Source
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The Office of Foreign Asset Control (OFAC) has added three ethereum addresses to its Specially Designated Nationals And Blocked Persons List (SDN). OFAC alleges the ether addresses are controlled by the Lazarus Group, a cybercrime group that is associated with North Korea. Lazarus Group Behind Axie Infinity Heist The U.S. Treasury
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The company earlier this year applied with the SEC to list a Web 3 ETF. Source
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“There are other, safer ways of achieving the same objectives. For example, we could require 100% of stablecoin reserves to be maintained off-balance sheet, or require stablecoin reserves to be maintained at a Federal Reserve Bank, which is, by definition, risk-free. We already have a case study in this –
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Wyoming Senator Cynthia Lummis said the Treasury Department may be more of a threat to innovation in blockchain and cryptocurrencies in the United States than the Securities and Exchange Commission or the Commodity Futures Trading Commission.Speaking at the Texas Blockchain Summit in Austin on Oct. 8, Lummis said her recent
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Hello. A late night interpretative letter from the Office of the Comptroller of the Currency (OCC), the U.S.’ federal banking regulator, saying banks can act as stablecoin nodes was the juice needed to push bitcoin out of the doldrums. JPMorgan analysts see a future where 1 BTC could trade hands
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The "T-Bond" non-fungible tokens will allow cryptocurrency projects to sell tokens that are locked until maturity conditions are met. Source
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