Latest News
By Federal Newswire | Aug 19, 2024
The Digital Chamber, a blockchain industry advocacy group, expressed concerns about excessive fines levied against multinational companies operating in Nigeria. The group indicated that such actions could negatively impact international participation in Nigeria's business community. The statement was shared with Federal Newswire on August 15.
By Federal Newswire | Aug 15, 2024
Ryan Sean Adams, general partner of Bankless Ventures, stated that the White House remains "still silent" on the imprisonment of Tigran Gambaryan, a former U.S. federal agent and current Binance employee, by the Nigerian government. Adams shared his statement in an Aug. 13 post on X.
By Federal Newswire | Aug 13, 2024
Ripple CEO Brad Garlinghouse said Judge Analisa Torres's order for Ripple to pay a smaller penalty to the U.S. Securities and Exchange Commission (SEC) than what the SEC had requested is a "victory" for the company and for the crypto industry. Garlinghouse shared his statement in an Aug. 7 post on X.
By Federal Newswire | Aug 12, 2024
Coin Center has announced two significant victories in its ongoing efforts to protect the rights of cryptocurrency developers and users. The organization successfully appealed a case against the Treasury Department's 6050I reporting scheme, and the IRS released a new draft tax reporting form for cryptocurrency brokers that omits the controversial "unhosted wallet provider" designation.
By Federal Newswire | Aug 12, 2024
Dina Temple-Raston, host of the Click Here podcast, stated that Tigran Gambaryan, the head of financial crime compliance for the crypto exchange Binance, "is being held personally responsible" for the Nigerian government's accusations against Binance. Temple-Raston shared her statement in a July 30 post on X.
By Federal Newswire | Aug 9, 2024
The Digital Chamber (TDC) has joined the Crypto Market Integrity Coalition (CMIC) in urging the Biden-Harris administration to establish "clear rules for the digital asset market." TDC announced their participation in an August 7 blog post, emphasizing that such regulations would foster compliance and align with U.S. financial norms and democratic principles.
By Federal Newswire | Aug 8, 2024
Fourteen Democratic members of Congress sent a letter to Democratic National Committee (DNC) Chair Jaime Harrison and "prospective presidential candidates" asking them to "take a forward-looking approach to digital assets and blockchain technology." The members of Congress sent their letter on July 26, and it was shared on X by Uniswap CEO Hayden Adams.
By Federal Newswire | Aug 6, 2024
Sen. Cynthia Lummis (R-Wyo.) announced the Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act after proposing to pay down the national debt with a strategic Bitcoin reserve. She introduced the BITCOIN Act in a news release on July 31, 2024.
By Federal Newswire | Aug 5, 2024
The Virtual Currency Tax Fairness Act was introduced by Senator Ted Budd and cosponsored by Senators Kyrsten Sinema, Kirsten Gillibrand, and Cynthia Lummis. The bill proposes a de minimis exemption from capital gains tax for low-value cryptocurrency transactions in everyday use.
By Federal Newswire | Aug 1, 2024
Former President Donald Trump stated that if elected, he will end the "war on crypto" and replace Gary Gensler with a new chair of the U.S. Securities and Exchange Commission (SEC). Trump shared his statement during the Bitcoin 2024 conference in Nashville on July 27.
By Federal Newswire | Jul 31, 2024
Wyoming Senator Cynthia Lummis announced a proposal to enhance the U.S. dollar by creating a strategic Bitcoin reserve. This initiative aims to strengthen the dollar against inflation and solidify U.S. leadership in the global financial system.
By Thomas R. Alber | Jul 29, 2024
The need for me to rescue 36 individuals during the collapse of Hamid Karzai International Airport stemmed from insufficient planning and a lack of action by government officials. This experience underscored the importance of timely and effective responses in crises. In reflecting on that operation and its aftermath, I find a troubling parallel in the situation with Tigran Gambaryan. The lack of a robust response from Washington, D.C., regarding his unlawful detention contrasts sharply with his significant contributions to combating illicit activities. This discrepancy highlights a need for a more proactive approach from our government.
By Federal Newswire | Jul 29, 2024
Blockchain and tokenization infrastructure platform Paxos has been notified by the U.S. Securities and Exchange Commission (SEC) that it will not be recommending an enforcement action against Paxos Trust Company. The SEC had drawn Paxos into its investigation of Binance.
By Federal Newswire | Jul 25, 2024
Thomas Alber, an enforcement agent of the Kansas Racing and Gaming Commission, stated that the U.S. government must intervene in the case of Tigran Gambaryan, a Binance employee and former U.S. federal agent detained by the Nigerian government since February 26. Alber shared his statement in a July 24 post on X.
By Federal Newswire | Jul 25, 2024
The U.S. Securities and Exchange Commission's (SEC) approval of spot ether exchange-traded funds (ETFs) indicates that lawmakers and regulators are acknowledging American investor demands for access to Ether, according to Perianne Boring, founder and CEO of The Digital Chamber. Boring shared her statement in a July 22 press release.
By Federal Newswire | Jul 23, 2024
The U.S. Department of Justice (DOJ) announced a civil forfeiture action to recover $2.5 million in cryptocurrency for victims of a pig butchering scheme. The action, filed by the U.S. Attorney’s Office for the District of Columbia, seeks to retrieve cryptocurrency seized by the FBI from foreign perpetrators.
By Federal Newswire | Jul 18, 2024
The Digital Chamber announced its filing of an amicus brief in the case of LEJILEX;CRYPTO FREEDOM ALLIANCE OF TEXAS V. SEC in support of the plaintiff's complaint of overreach by the United States Securities and Exchange Commission (SEC). The announcement came in a July 11th blog post.
By Federal Newswire | Jul 17, 2024
J.W. Verret, a law professor at George Mason University, stated that jurisdictions including the European Union (EU) and Singapore have implemented regulations for the digital asset industry that are more "rational" and "thoughtful" than the U.S. approach to regulating the industry. Verret shared his statement with Federal Newswire during a July 2 interview.
By Federal Newswire | Jul 12, 2024
The Digital Chamber announced its filing of an amicus brief in the case of Custodia Bank, Inc. v. Federal Reserve Board of Governors, stating that they filed "to advocate for the fair treatment of state-chartered financial institutions, particularly those integrating digital assets with traditional banking systems." The announcement came in a July 8 blog post.
By Federal Newswire | Jul 9, 2024
J.W. Verret, a law professor at George Mason University, stated that the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have both reached "extraterritorially" by prosecuting the cryptocurrency exchange Binance. Verret shared his statement with Federal Newswire on July 2 after a federal judge dismissed several of the SEC's claims against Binance.
