Category: Policy

OneCoin's Legal Head Charged in Fraud Extradited to U.S.

March 21, 2023CryptoLeave a Comment

OneCoin’s victims were allegedly defrauded of over $4 billion in the scheme, which began operations in 2014.

Florida Governor Ron DeSantis Proposes Law to Ban CBDCs

March 20, 2023CryptoLeave a Comment

The Biden Administration is currently studying the possibility of introducing a central bank digital currency.

Crypto-Friendly Silvergate Was Not Cut Off From Loans, FHLB Says

March 15, 2023CryptoLeave a Comment

The Federal Home Loan Bank of San Francisco, the bank that supplied $4.3 billion to Silvergate Bank late last year, didn’t force Silvergate to repay advances, which had been rumored to be the reason why crypto-focused Silvergate decided to shut down, the FHLB said Wednesday.

U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source

March 11, 2023CryptoLeave a Comment

“I am alarmed by the failure of Silicon Valley Bank, which marks the second largest bank failure in U.S. history,” she said in a statement. “I am closely monitoring and convening Committee members with regulators so myself and members can understand the latest around the closure of Silicon Valley Bank (SVB) by the California Department […]

U.S. DOJ Appeals New York Judge’s Decision to Approve Voyager’s Sale to Binance.US

March 10, 2023CryptoLeave a Comment

Regulators, including the U.S. Securities and Exchange Commission (SEC) and various state regulators have been staunchly opposed to the proposed deal. Last month, the SEC filed an objection to the purchase of Voyager, arguing that Binance.US may be violating federal securities laws by operating an unregistered securities exchange in the U.S.

Alameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees

March 6, 2023CryptoLeave a Comment

“We will continue to use every tool we can to maximize recoveries for FTX customers and creditors,” said John J. Ray III, CEO and Chief Restructuring Officer of the FTX Debtors, in a statement. “Our goal is to unlock value that we believe is currently being suppressed by Grayscale’s self-dealing and improper redemption ban.”

Lido’s LDO Token Sinks 10% Following Rumors Crypto Staking Service Received SEC Notice

March 4, 2023CryptoLeave a Comment

The rumor sparked panic on crypto Twitter, however, and it quickly spread across the Colorado convention hall where ETHDenver, one of the year’s largest crypto industry gatherings, was underway. The rumors, if proven true, would suggest that the SEC is ramping up scrutiny of Ethereum and crypto staking.

FTX’s Sam Bankman-Fried Should Have Only Flip Phone, Website Whitelist, DOJ Says

March 4, 2023CryptoLeave a Comment

Bankman-Fried’s laptop will be restricted to a whitelist of approved websites, including news, sports, Wikipedia and the U.S government, and his use of video games and other connected applications should be restricted, U.S. Attorney Damian Williams said in a filing that said it was made “on behalf of the parties,” suggesting the former FTX executive’s […]

Crypto-Friendly Silvergate Closes SEN Platform Institutions Used to Move Money to Exchanges

March 3, 2023CryptoLeave a Comment

Silvergate has had a rough week, after disclosing on Wednesday that it would delay the filing of its annual report due to questions from its auditors. In the same notice, the bank admitted it was facing investigations from bank regulators and the U.S. Department of Justice, and said its ability to be a “going concern” […]

Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past: WSJ

March 3, 2023CryptoLeave a Comment

According to the Journal’s report, Tether Holdings co-owner Stephen Moore pushed back against the use of fake sales invoices, saying “I would not want to argue any of the above in a potential fraud/money laundering case” in an email seen by the Journal, referring to an intermediary which traded USDT in China.