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"There are still things that have to be worked through," Salm said in an interview, also noting that others among the applicants for bitcoin ETFs – a group that includes financial giants BlackRock and Fidelity – seem to be making progress in SEC talks with their own registrations. "Overall, it's
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A proposed rule would let the CFPB supervise nonbank payment providers and transactions between people, including some crypto transactions. Source
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In recent years, Behnam's agency has routinely been held up in crypto circles as the preferred U.S. regulator. Industry insiders have suggested its handling of digital assets is much more reasonable than its sister agency, the Securities and ExchangeEnforcement Commission (SEC.) But while the CFTC's reach and staff may be
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Tokenization of assets could be the answer to the risky complexities of settling the movement of funds and securities, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency. Original Source
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The U.S. Federal Reserve needs to regulate and enforce the law against stablecoin issuers, said Federal Reserve Vice Chairman for Supervision Michael Barr, making the federal-oversight argument that has been the major sticking point as the U.S. House of Representatives debates legislation.Republican lawmakers have leaned into a state-oversight route for
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Coin Center, a research non-profit blockchain advocacy firm, has lost its case against the U.S. Treasury after Tornado Cash, an Ethereum-based mixing service, was sanctioned. In a ruling on Oct. 30, the U.S. district court said the Office of Foreign Assets Control (OFAC) did not exceed its delegated authority as the International Emergency
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The U.S. government has filed a civil forfeiture action to recover $54 million worth of Ethereum (ETH) previously seized from Christopher Castelluzzo. In a press release on Nov. 2, 2023, the office of the U.S. attorney for the District of New Jersey announced the filing of a civil forfeiture action to recover $54
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OFAC targets Ekaterina Zhdanova for laundering over $100m via crypto, evading sanctions for Russian oligarchs and aiding ransomware affiliates. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against Ekaterina Zhdanova, a Russian national implicated in significant money laundering operations involving cryptocurrencies. Zhdanova is accused
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Friday's proposal, which details how regulated firms must only put customer assets into an expanded list of the most liquid of investments, doesn't consider "the context of a non-intermediated clearing model where the DCO offers direct client access to its clearing services, without the FCM as an intermediary," said CFTC
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Following Sam Bankman-Fried’s conviction, a U.S. attorney said that the former FTX fraud case is “as old as time,” adding that the government is ready to deal with fraudsters who believe they are untouchable and beyond prosecution. The founder and former CEO of the collapsed crypto exchange FTX, who used to
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