Latest News
By Federal Newswire | Oct 15, 2024
The James W. Foley Legacy Foundation has reported that Nigerian authorities have denied bail to Binance employee Tigran Gambaryan, who is being held as a means to exert control over the cryptocurrency exchange. The foundation shared this information in an October 11 post on X.
By Federal Newswire | Oct 10, 2024
Josh Jarrett has initiated a lawsuit against the Internal Revenue Service (IRS) over its policy of taxing cryptocurrency block rewards as income upon their creation. The IRS's stance has been criticized by Coin Center, which is assisting Jarrett in this legal battle, as it advocates for tax parity for block rewards.
By Federal Newswire | Oct 10, 2024
The Blockchain Association has issued a statement in response to the recent actions taken by the Securities and Exchange Commission (SEC) against Cumberland. The statement, attributed to Blockchain Association CEO Kristin Smith, criticizes the SEC's approach under Chair Gary Gensler.
By J. D. Suayan | Oct 9, 2024
Crypto analyst Mr. Legend said if the Commodity Futures Trading Commission (CFTC) were to approve using digital assets as trading collateral, it would be a "boon for the digital assets market.'
By Federal Newswire | Oct 8, 2024
The Securities and Exchange Commission (SEC) has announced that Gurbir S. Grewal, Director of the Division of Enforcement, will depart on October 11, 2024. Following his departure, Deputy Director Sanjay Wadhwa will assume the role of acting director, while Chief Counsel Sam Waldon will serve as acting deputy director.
By Federal Newswire | Oct 8, 2024
Andy Greenberg, author of "Tracers in the Dark," said that Tigran Gambaryan, a Binance employee imprisoned in Nigeria, was the most prominent crypto crime investigator during his career with the U.S. federal government. Greenberg shared his statement during an October 1 podcast.
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.