Senator Elizabeth Warren, ranking member of the House Banking Committee, is asking federal agencies to investigate whether President Donald Trump’s recent launch of a meme coin violated ethical or regulatory standards. The Massachusetts lawmaker, alongside Representative Jake Auchincloss, directed the request to the heads of the U.S. Office of Government Ethics (OGE), the Treasury Department, […]
TORN, the native token of beleaguered crypto mixer Tornado Cash, enjoyed a brief renaissance over the last two days following news that a court had overturned sanctions imposed on the platform by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). Initially trading around the $9.50 level on January 22, the token skyrocketed 140% […]
Sen. Cynthia Lummis (R-WY) chairs the US Senate panel on crypto assets. She has promised some big changes in government policy for the sector. A Bitcoin sovereign wealth fund Republicans are calling a “strategic national reserve” is only one of Lummis’ promises for blockchain. But markets are thrilling with bullish activity on that prospect alone. […]
Dubai-based crypto market maker CLS Global will plead guilty to charges related to wash trading on the decentralized exchange Uniswap. Federal prosecutors in Boston announced Wednesday that the company will face market manipulation and wire fraud charges after falling victim to an FBI sting operation. $428K Fine and U.S. Market Ban As part of the […]
Bank of America CEO Brian Moynihan has shared his thoughts on the future of crypto in the banking sector. Speaking in an interview with CNBC at the World Economic Forum in Davos, Switzerland, on Tuesday, Moynihan stressed that the industry is ready to embrace crypto for transactions, but only if the regulatory landscape is well-defined. […]
Biotech entrepreneur and prominent crypto supporter Vivek Ramaswamy has reportedly stepped down from his role as co-lead of the Department of Government Efficiency (DOGE). His decision is said to stem from a desire to run for governor of Ohio next year, with the current occupant of the seat, Mike DeWine, ineligible for reelection in 2026 […]
Wyoming Senator Cynthia Lummis has issued a formal letter to Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg, expressing concerns following reports from whistleblowers within the agency. According to the Republican legislator, her office was contacted by individuals alleging that the corporation was destroying documents tied to its digital asset activities. The Alleged Activities In […]
Congressman Tom Emmer, a well-known advocate for the cryptocurrency industry, has been named Vice Chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. Committee Chairman French Hill made the announcement on January 14 as part of the House Financial Services Committee’s subcommittee assignments for the 119th Congress. Appointment Details Emmer expressed […]
The U.S. Senate Banking Committee, led by Chairman Tim Scott, is reportedly planning to establish its first subcommittee dedicated to cryptocurrency. This initiative marks an important milestone in the Senate’s approach to regulating the digital assets industry. Cynthia Lummis Selected as Chair Fox Business reporter Eleanor Terret shared the development in a January 10 post […]
Gary Gensler has described the cryptocurrency market as “rife with bad actors.” The top financial cop made the remarks in a January 8 interview with Bloomberg TV, in which he discussed the enforcement actions under his leadership and addressed persistent compliance issues in the crypto space. A Tenure Marked by Crypto Scrutiny In the sit-down […]