President Donald Trump is laying the groundwork to potentially embrace cryptocurrency The White House Working Group on Digital Assets has released its long-awaited report, offering a comprehensive set of recommendations for the regulation of cryptocurrencies in the United States. The document, which outlines proposed policies on crypto market structure, jurisdictional oversight, and banking regulations, is
The two had previously pleaded not guilty as they face over 25 years in prison The co-founders of Samourai Wallet, Keonne Rodriguez and William Lonergan Hill, have opted to change their pleas to guilty in a federal case alleging their involvement in a multibillion-dollar illegal money-transmitting scheme. Yesterday, court filings in New York revealed their
The new feature supports over 100 cryptocurrencies to help facilitate crypto use PayPal has launched a new cryptocurrency payment tool designed to help US merchants easily accept digital currencies, particularly for international transactions. The feature allows businesses to take payments in over 100 cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, USD Coin, and Tether. It also
The move has left millions of dollars frozen while regulators investigate transactions Argentina has frozen several cryptocurrency wallets following concerns about their possible links to international terrorism financing. The country’s Financial Information Unit (UIF), which oversees money laundering and anti-terrorism operations, initiated the move after detecting suspicious transactions involving national crypto exchanges. Authorities believe these
The pastor and his wife allegedly used their status to promote the sale of INDXcoin Eli Regalado, an online pastor from Denver, Colorado, and his wife, Kaitlyn, have been indicted on charges related to a cryptocurrency scam that defrauded investors out of nearly $3.4 million. The couple was charged with 40 counts, including fraud, for
The investigation was unrelated to Kraken, but could have still impacted the cryptocurrency exchange The FBI has officially concluded its investigation into Jesse Powell, the co-founder of cryptocurrency exchange Kraken, without filing any charges. The investigation, unrelated to his work at Kraken, focused on allegations of cyber activities connected to the Verge Center for the
Polymarket left the US following regulatory scrutiny two years ago Polymarket, a decentralized prediction market platform, is set to return to the US after a more than two-year hiatus. The company recently acquired QCEX, a US-licensed derivatives exchange and clearinghouse, for $112 million. QCEX, based in Boca Raton, Florida, operates under the oversight of the
Financial institutions want regulators to delay decisions on cryptocurrency banking plans US banks and credit unions are pushing back against the growing influence of cryptocurrency companies by calling on federal regulators to delay approving banking charters for digital asset firms. In a letter sent to the Office of the Comptroller of the Currency (OCC), major
The bills received bipartisan support, which could help them advance when the session resumes Just before heading into the August recess, the US House of Representatives approved three major cryptocurrency-related bills that have been central to Republican policy efforts. The votes, which saw bipartisan participation despite clear divisions, reflect growing interest in shaping how digital
Coinbase is looking to become an all-around FinTech and crypto operator Coinbase has officially rebranded its Coinbase Wallet to the “Base app,” signaling a major shift in its strategy to build a comprehensive digital platform. Revealed at the company’s “A New Day One” event in Los Angeles, the new app aims to go beyond its
The next two years will be crucial for the development of cryptocurrency regulations in the US The House of Representatives is preparing for another attempt to move forward with key cryptocurrency legislation after a procedural vote fell short yesterday due to resistance from within the Republican Party. Speaker Mike Johnson confirmed that a second vote
They’re accused of facilitating a criminal enterprise led by Adam “The Godfather” Iza Two Los Angeles County sheriff’s deputies have pleaded guilty to participating in a cryptocurrency extortion scheme associated with an in-jail crypto entrepreneur, a Department of Justice announcement revealed. Deputies David Anthony Rodriguez and Christopher Michael Cadman both pleaded guilty to using their
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