Latest News
By Federal Newswire | Sep 24, 2024
U.S. Representative Rich McCormick has called on the State Department to prioritize securing the release of Tigran Gambaryan, a Binance employee and former U.S. federal agent, who is currently imprisoned in Nigeria. McCormick shared his statement in a September 19 post on X.
By Federal Newswire | Sep 17, 2024
An analysis conducted by Block Tribune concluded that data from the cryptocurrency exchange Crypto.com (CDC) shows indications of wash trading, or artificial market activity that inflates an asset's trading volume and price. A CDC spokesperson denied the report.
By Federal Newswire | Sep 16, 2024
Amanda Tuminelli, Chief Legal Officer of the DeFi Education Fund, said that the current regulatory landscape for the U.S. crypto industry lacks clarity and is pushing innovation offshore. Tuminelli shared her statement during a Sept. 10 Congressional hearing.
By Federal Newswire | Sep 16, 2024
U.S. Representative John Rose (TN-06) has introduced the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act.
By Federal Newswire | Sep 12, 2024
Congressman French Hill said that the Nigerian government's ongoing imprisonment of U.S. citizen Tigran Gambaryan is jeopardizing the U.S.-Nigeria relationship. Hill shared his statement in a September 11 post on X.
By Federal Newswire | Sep 11, 2024
The detention of Nigerian Labour Congress (NLC) president Joe Ajaero at Abuja’s Nnamdi Azikiwe Airport has intensified criticism of National Security Advisor Nuhu Ribadu, who ordered the arrest. Ribadu, already under fire for detaining U.S. citizen Tigran Gambaryan and other figures, is now facing widespread accusations of abusing his power to stifle dissent.
By Federal Newswire | Sep 10, 2024
Former U.S. Senator Pat Toomey has criticized the U.S. Securities and Exchange Commission's (SEC) "regulation by enforcement" approach to the cryptocurrency industry, arguing that it is driving innovation offshore into jurisdictions with clearer regulations. Toomey shared his views in a September 8 opinion piece.
By Federal Newswire | Sep 10, 2024
Andy Greenberg, author of "Tracers in the Dark," stated that U.S. leadership should be doing more to support Tigran Gambaryan, a Binance employee and former U.S. federal agent, including designating his case as a hostage situation. Greenberg shared his statement in a Sept. 4 post on X.
By Federal Newswire | Sep 6, 2024
This week, the Commodity Futures Trading Commission (CFTC) took notable action against Uniswap Labs, raising more questions than answers. This follows a series of CFTC enforcement actions against software developers Opyn, 0x, and Deridex from last fall. In all these cases, the targets settled and paid fines rather than contesting in court. Consequently, none of these actions leaves a binding precedent or offers regulatory clarity. The uncertainty is particularly damaging because all these enforcement actions implicate the rights of individuals to write and publish...
By Federal Newswire | Sep 6, 2024
The Digital Chamber (TDC) stated that the U.S. Securities and Exchange Commission (SEC) sending a notice of an upcoming enforcement action to OpenSea is a regulatory overreach. TDC shared its statement in an August 28 post on its website.
By Federal Newswire | Sep 5, 2024
Yuki Gambaryan has appealed to both the Nigerian and U.S. governments for assistance in securing the release of her husband, Tigran Gambaryan, a former U.S. federal agent and current Binance employee who is imprisoned in Nigeria. Yuki shared her statement in an August 26 YouTube video.
By Federal Newswire | Aug 29, 2024
Binance CEO Richard Teng said that the U.S. government has the authority to designate Tigran Gambaryan, a Binance employee imprisoned in Nigeria, as an "unlawfully detained" citizen abroad to secure his release. Teng made his statement in a post on the company's website on August 27, six months after Gambaryan was detained by the Nigerian government.
By Federal Newswire | Aug 29, 2024
Six months after his arrest on disputed money laundering charges, former IRS crypto investigator Tigran Gambaryan remains detained in Nigeria, with concerns mounting over his declining health.
By Federal Newswire | Aug 27, 2024
Marco Santori, the chief legal officer of the digital asset exchange Kraken, stated that a federal judge's ruling that the tokens traded on Kraken are not securities contradicts claims from the U.S. Securities and Exchange Commission (SEC). He described this as a victory for regulatory certainty and the broader crypto community. Santori shared his statement in an Aug. 23 post on X.
By Federal Newswire | Aug 22, 2024
Congressman Ritchie Torres (D-NY) stated that he believes blockchain, the technology underpinning cryptocurrency, can serve as a tool for greater global cooperation in humanitarian efforts such as disaster relief and providing financial services to underserved communities. He emphasized that blockchain enables both security and transparency. Torres shared his statement in an Aug. 16 clip of the Galaxy Brains podcast posted on X.
By Federal Newswire | Aug 22, 2024
Washington, D.C. (Aug. 22, 2024) – The DeFi Education Fund (DEF) and Blockchain Association (BA) have jointly filed an amicus brief supporting a challenge to the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT) program. This brief highlights the unprecedented privacy concerns posed by the CAT, particularly for digital asset market participants.
By Federal Newswire | Aug 21, 2024
A spokesperson for Congressman Rich McCormick (R-GA) stated that the Congressman continues to work with the State Department to secure the release of his constituent Tigran Gambaryan from Nigeria, where he has been detained since February 26. Rep. McCormick's office shared its statement with Federal Newswire on August 16.
By Federal Newswire | Aug 21, 2024
The Digital Chamber (TDC) stated that companies might hesitate to do business in Nigeria due to the Nigerian government's detention of Binance employee Tigran Gambaryan. However, TDC noted that Africa is a "diverse" continent with many ambitious young people and will likely remain a tech hub. TDC shared its statement with Federal Newswire on August 15.
By Federal Newswire | Aug 20, 2024
The Digital Chamber (TDC) stated that the Nigerian government's treatment of the crypto exchange Binance and the imprisonment of Binance employee Tigran Gambaryan could lead other companies to reconsider their operations in Nigeria. TDC shared its statement with Federal Newswire on August 15.
By Federal Newswire | Aug 19, 2024
In a Harris Poll survey commissioned by Digital Currency Group (DCG), respondents from swing states called for greater discourse on the topic, saying it was a significant part of their election considerations. This news came in a May 7 news release from DCG.
