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USA Crypto News
60-38 in the Senate voted in favour of overturning the SEC rule. Bipartisan support signals a potential shift in crypto regulation. Presidential veto possible. In a landmark decision, the US Senate has voted to overturn a key Securities and Exchange Commission (SEC) rule that barred regulated financial firms from holding Bitcoin and other cryptocurrencies. The […]
SEC legal battle with Terraform Labs over TerraUSD collapse continues to unfold. Funds allegedly diverted from investors and creditors to an “opaque slush fund” for lawyers. Terraform Labs faces intensified scrutiny as the SEC challenges the allocation of resources. The U.S. Securities and Exchange Commission (SEC) has raised objections to Terraform Labs’ allocation of a […]
Ripple acquires Standard Custody & Trust Co. to bolster US presence and regulatory compliance. The acquisition enables Ripple to expand service offerings, including asset tokenization and custody solutions. The move comes amid reports of an agreed settlement between Ripple and the US SEC. Ripple has announced the acquisition of Standard Custody & Trust Co., a […]
Sports gambling has seen rapid expansion in the US since the 2018 Supreme Court ruling allowing states to regulate sports betting within their respective borders. Among the states best known for casinos in the US is Nevada, home to the famous Las Vegas city. Outside of the US, Macau is another destination witnessing a surge […]
HyperFund founders Lee and Chunga sued for $1.7B crypto scam. Chunga has agreed to a settlement, pending court approval, while Lee faces legal action. Additional charges have been filed by the US Attorney’s Office. The US Securities and Exchange Commission (SEC) has taken decisive legal action against individuals allegedly involved in a cryptocurrency ‘Ponzi’ scheme […]
CoinShares exercises option to buy Valkyrie Funds following SEC’s spot ETFs approval. The acquisition will add $110 million in assets under management (AUM) to CoinShares’ $4.5 billion. It also allows the Europe-based asset manager to expand into the US. CoinShares, a digital assets investment firm based in Jersey, Channel Islands, has exercised its option to […]
US prosecutors deem the second trial unlikely for FTX’s ex-CEO Sam Bankman-Fried. Lack of new evidence cited; the initial trial covered major aspects of the case. The guilty verdict stands; sentencing is set for March 28, 2024, as scheduled. United States prosecutors have signalled that there may not be a second trial for Sam Bankman-Fried […]
SafeMoon founders arrested; Kyle Nagy at large. The charges include wire fraud and money laundering. There are also accusations of misappropriation and investor deception. In a significant development, the founders of SafeMoon, a decentralized finance digital asset, are facing criminal charges in the United States. Braden John Karony and Thomas Smith have been arrested, while […]
The FTX Bankruptcy is seeking to recover assets worth about $1 billion. The lawsuit will be heard by a Delaware Court. The funds in question were allegedly withdrawn from FTX. FTX’s bankruptcy advisers have recently initiated legal action against Bybit Fintech and its affiliated companies, including Bybit’s investment arm, Mirana Corp. The lawsuit, filed in […]
The US Department of Justice is looking for $4 billion from Binance as settlement over the prolonged investigations against the crypto exchange. Bloomberg says in a report that talks between the DOJ and Binance have been ongoing for a while and could end within weeks. The US government is reportedly seeking over $4 billion from […]