Regulation
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Abra settles with US states, will repay $82 million to affected customers
The collective entities known as “Abra” and CEO William “Bill” Barhydt have reached a settlement with 25 US state regulators…
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Gary Gensler Provides Ethereum ETF Update While Slamming ‘Highly Centralized’ Crypto Industry
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says that the approval process for spot market Ethereum (ETH) exchange-traded…
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SEC chair Gensler criticizes crypto sector for non-compliance and ‘high centralization’
SEC chair Gary Gensler reaffirmed previous criticisms of the crypto industry, stating that the sector is highly centralized with “significant…
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Congressman introduces bill to enable federal tax payments in Bitcoin
Congressman Matt Gaetz (R-Fla.) introduced legislation on June 25 that would require the IRS to begin accepting federal tax payments…
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Louisiana signs bill to ban CBDCs, protect right to self-custody and mine crypto
Louisiana Governor Jeff Landry signed a bill to prohibit central bank digital currencies (CBDCs) and protect crypto mining on June…
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Coinbase could face regulatory challenges over alleged ‘tailored accounting metrics’ under new FASB rules
Coinbase could face regulatory challenges over its compliance with new FASB accounting rules that shift the accounting and disclosure for…
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Jump Crypto President Resigns Amid CFTC Investigation
Kanav Kariya, the President of Jump Crypto, announced his resignation four days after reports surfaced that the Commodity Futures Trading…
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Crypto Lobbying Group Fairshake Raises $160,000,000 in Month of May: Report
Crypto-focused Political Action Committee (PAC) Fairshake is reportedly receiving substantial financial support as the US gears up for the next…
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US Banking Giant Accused of Refusing To Reimburse Customers, Denying Millions of Dollars in Fraud Claims ‘Without Any Explanation Whatsoever’
A new class-action lawsuit accuses one of the largest banks in the US of failing to properly investigate and handle…
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Bank of America Customers’ Information Illegally Accessed and Sold As Renegade Staffer Sparks Fraudulent Withdrawals: US Regulator
A US banking regulator says a Bank of America employee has illegally accessed customer accounts, leading to tens of thousands…
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