Tag: US
Arkham Moves Almost $500M ARKMs to Coinbase Prime
Reading time: < 1 minute In order to comply with regulations and tax requirements, the company Arkham has made a significant decision to withdraw 304.5 million ARKMs from its vesting contract and moved them to Coinbase Prime custody.
FTX and CFTC Reach a $12.7B Agreement
Reading time: < 1 minute After 19 months of litigation, bankrupt cryptocurrency exchange FTX and the United States Commodities Futures Trading Commission have reached a settlement of $12.7 billion.
SEC to Drop its Investigation into Paxos
Reading time: < 1 minute The SEC has announced its decision to end its investigation into Paxos, the issuer of stablecoins, and will not pursue any enforcement action against them.
Silvergate Bank Settles Charges with SEC
Reading time: < 1 minute Silvergate Capital Corp., the parent company of a crypto-friendly bank that collapsed in 2023 and contributed to the industry’s banking crisis, has agreed to pay $63 million to settle accusations by US and California regulators.
IRS Unveils Final Regulations for Crypto Brokers
Reading time: < 1 minute On June 28, the United States’ Internal Revenue Service (IRS) announced its final version of the new reporting requirements for crypto brokers and clarified which industry participants will be affected by the changes.
SEC Files a Lawsuit Against Consensys
Reading time: < 1 minute The SEC has filed a lawsuit against Consensys, alleging that the firm has acted as an unregistered broker through its MetaMask swaps service and violated the law through its MetaMask staking service.
Kraken Co-founder Donates $1M in Crypto to Trump’s Campaign
Reading time: < 1 minute Jesse Powell, co-founder of Kraken, has publicly announced that he has personally donated $1 million, primarily through Ether, towards Donald Trump’s 2024 Presidential campaign.
Abra Reaches Agreement With 25 States
Reading time: < 1 minute According to the Conference of State Bank Supervisors (CSBS), Abra, a crypto investment platform, and its founder and CEO William “Bill” Barhydt have reached a settlement with 25 state financial regulators.
Bitwise CIO: Spot Ethereum ETFs Will Attract $15B in First 18 Months
Reading time: < 1 minute Bitwise’s Chief Investment Officer Matt Hougan has predicted that spot Ethereum exchange-traded funds (ETFs) will attract a net inflow of $15 billion within the first 18 months of being launched in the US.
Robert F. Kennedy Jr. Says He Will Free Silk Road’s Ross Ulbricht if He is Elected
Reading time: < 1 minute United States presidential candidate Robert F. Kennedy Jr. last week took to social media to make a promise – if elected in November, he will free Silk Road founder Ross Ulbricht.
