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The U.S. Securities and Exchange Commission (SEC) sued internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities offerings. Source
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In a contentious hearing Thursday that ended with a 34-16 vote to clear the legislation for wider consideration in the House of Representatives, the panel’s top Democrat, Maxine Waters (D-Calif.), said it was really McHenry who shut down the talks early after negotiations broke down the night before the hearing.
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A noteworthy development has occurred in regulating the United States’ crypto space as a House Committee has approved a bill to bring clarity into the industry. On July 26, the U.S House Financial Services Committee approved the Financial Innovation and Technology Act for the 21st Century Act, popularly known as FIT21. #PASSED:
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However, the House Agriculture Committee markup sharply contrasted with the verbal scrum down the hall in the Financial Services Committee Thursday. While the Financial Services Committee saw Democrats argue for more time to work on the bill and shouting on the floor, the Agriculture Committee worked through various amendments, adopting
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“Today I had hoped to announce an agreement with the ranking member on stablecoins legislation,” McHenry said, referring to the committee’s senior Democrat, Maxine Waters (D-Calif.). “This will not be the case… It was the White House’s unwillingness to compromise that has once again brought that negotiation to a halt.” Source
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"The Government has been informed that The Bahamas notified the United States earlier today that The Bahamas did not intend to extradite the defendant on the campaign contributions count," the DOJ letter said. "Accordingly, in keeping with its treaty obligations to The Bahamas, the Government does not intend to proceed
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While Judge Lewis Kaplan, of the Southern District of New York, declined to jail Bankman-Fried immediately, he set out a rapid schedule for both the prosecution and the defense to make formal written submissions on the matter. The DOJ has until Friday to file theirs. The defense can respond until
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According to the DOJ's attorneys, they need that time to process a wealth of Celsius’ corporate records and communications, including the 1,200 videos of Mashinsky’s and other Celsius executives' ask-me-anything sessions, many of which are more than an hour long. Original Source
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"I'm looking into what tone the Fed will set for the next meetings in September and beyond. We are at an intriguing juncture, as inflation has been receding, but the favorable base effects will be less pronounced from here on. Additionally, the oil price bounced back about 10% over the
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Major U.S. financial regulators - the Consumer Financial Protection Bureau (CFPB), the Commodity Futures Trading Commission (CFTC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve System, the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) -
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