Latest News
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.
By Federal Newswire | Jul 9, 2024
J.W. Verret, a securities professor at George Mason University's law school, stated that U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has not addressed Commissioner Mark Uyeda's suggestion to update form S-1 to better suit cryptocurrency. Verret shared his statement with Federal Newswire on July 2.
By Federal Newswire | Jul 8, 2024
J.W. Verret, a law professor and former advisor to the U.S. Securities and Exchange Commission (SEC), stated that it is unprecedented for the SEC to file a lawsuit against a company that petitioned the SEC to use its rulemaking process. Verret shared his statement with Federal Newswire during a July 2 interview.
By Federal Newswire | Jul 4, 2024
J.W. Verret, an associate professor of law at George Mason University, stated that a federal judge's dismissal of several U.S. Securities and Exchange Commission (SEC) claims against Binance is a positive development for the cryptocurrency industry. Verret shared his statement during an interview with Federal Newswire on July 2.
By Federal Newswire | Jul 3, 2024
The Financial Crimes Enforcement Network (FinCEN) has notified U.S. financial institutions about the recent statement issued by the Financial Action Task Force (FATF), an intergovernmental body setting international standards for anti-money laundering, countering the financing of terrorism, and countering the financing of proliferation of weapons of mass destruction (AML/CFT/CPF). The FATF highlighted increasing financial connectivity between the Democratic People’s Republic of Korea (DPRK) and the international financial system, reiterating concerns over DPRK's failure to...
By Federal Newswire | Jul 1, 2024
Nigerian writer Cheta Nwanze stated that the ongoing imprisonment of former U.S. federal agent Tigran Gambaryan in Nigeria could reflect poorly on the U.S. government. Nwanze shared his statement on a June 17 episode of the Nigerian Politics Weekly podcast.
By Federal Newswire | Jul 1, 2024
Austin Campbell, an adjunct professor at Columbia Business School, stated that the U.S. Securities and Exchange Commission (SEC) is creating barriers for the American public to receive adequate disclosures from crypto companies. Campbell shared his statement in a June 25 post on X in response to a statement from SEC Chair Gary Gensler.
By Federal Newswire | Jun 29, 2024
The Digital Chamber, in collaboration with Willkie Farr & Gallagher LLP, recently released a joint whitepaper arguing that Filecoin (FIL) should not be regulated by the U.S. Securities and Exchange Commission (SEC). The organization's announcement came in a June 21 blog post.
