Latest News
By Federal Newswire | Oct 8, 2024
Crypto.com has initiated legal action against the Securities and Exchange Commission (SEC), claiming that the agency has overstepped its regulatory boundaries. The lawsuit, representing over 50 million American cryptocurrency holders, challenges what it sees as an unlawful expansion of the SEC's jurisdiction.
By Federal Newswire | Oct 4, 2024
Rep. Rich McCormick said that Nigeria is jeopardizing its relationship with the United States due to the imprisonment of Tigran Gambaryan, a former federal agent and current head of financial crime compliance for the cryptocurrency exchange Binance. McCormick shared his statement in an October 1 podcast.
By Federal Newswire | Oct 2, 2024
Ohio State Representative Warren Davidson has announced the Evaluating DeFi Opportunities Act, which mandates that the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Secretary of the Treasury conduct a study on decentralized finance (DeFi). This legislation aims to explore the potential and regulatory implications of DeFi.
By Federal Newswire | Oct 1, 2024
The House Foreign Affairs Committee has approved a resolution, with amendments, calling on Nigeria to release Tigran Gambaryan, a U.S. citizen and Binance executive currently detained in the country.
By Federal Newswire | Sep 30, 2024
Austin Campbell, an adjunct professor at Columbia Business School, said in a Sept. 28 thread on X that he believes certain U.S. politicians use cryptocurrency as a "scapegoat" for financial crime, even though significantly more money laundering and other criminal activity takes place within the traditional financial system.
By Federal Newswire | Sep 30, 2024
Binance Co-founder and Former CEO Changpeng Zhao's (CZ) release from prison has been welcomed by members of the crypto community, who took to X to express their support for the crypto mogul.
By Federal Newswire | Sep 30, 2024
Coin Center celebrated its tenth anniversary earlier this year. At the end of the year, Jerry Brito will step down as Executive Director, and Robin Weisman will step down as Senior Policy Counsel. Both will pass the torch of leadership for Coin Center’s next chapter.
By Federal Newswire | Sep 25, 2024
During a House Foreign Affairs Committee hearing on Sept. 18, Congressman Rich McCormick (R-GA) argued that the case of U.S. citizen Tigran Gambaryan meets the criteria for 'wrongful detention' and questioned why his case has not been elevated to the Office of the Special Presidential Envoy for Hostage Affairs.
By Federal Newswire | Sep 25, 2024
During a House Financial Services Committee hearing on Sept. 24, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce said the SEC now acknowledges that crypto tokens are not securities, despite the SEC suing numerous crypto companies over allegations that they were offering unregistered sales of securities.
By Federal Newswire | Sep 25, 2024
Rep. Rich McCormick said he has not received an answer regarding why the case of Tigran Gambaryan, a U.S. citizen imprisoned in Nigeria, has not been elevated to the Office of the Special Presidential Envoy for Hostage Affairs. McCormick shared his statement during a Sept. 19 hearing.
By Federal Newswire | Sep 24, 2024
Jennifer Schulp, Director of Financial Regulation Studies at the Cato Institute, said that the Securities and Exchange Commission's (SEC) approach to the cryptocurrency industry exceeds its authority and fails to provide clarity to market participants. Schulp shared her statement during a Congressional hearing on September 18.
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...
