Tag: US
Crypto.com Unveils an Institutional Crypto Custody Service in US
Reading time: < 1 minuteCrypto.com has recently launched a new institutional cryptocurrency custody service, known as Crypto.com Custody Trust Company, in the United States.
IRS: Tokens Earned from Staking Must Be Taxed
Reading time: < 1 minuteThe United States’ Internal Revenue Service (IRS) has restated its stance that staking reward received is not considered new property, in opposition to a court case that aimed to delay taxation until the rewards were sold or exchanged.
US Closes North Korean Digital Asset Money Laundering Network
Reading time: < 1 minuteThe US Treasury Department announced on Tuesday the dismantling of a North Korean money laundering network that used cryptocurrency to launder millions of dollars for the country, a known leader in cryptocurrency-related crime.
US Court Rejects Nvidia’s Appeal to Dismiss Crypto Class-action Suit
Reading time: < 1 minuteA class-action lawsuit has been brought against Nvidia, alleging that the company provided misleading information to investors regarding the amount of sales to crypto miners.
CFTC Recovers $17.1B in Crypto
Reading time: < 1 minuteThe CFTC has announced a record-breaking $17.1 billion in monetary relief, the majority of which was obtained through enforcement actions against cryptocurrency companies.
Trump Appoints ex-PayPal Executive as Crypto Advisor
Reading time: < 1 minuteDonald Trump has appointed former PayPal executive David Sacks as the new AI and crypto czar.
US Moves $33M in Seized Crypto
Reading time: < 1 minuteThe US government has transferred approximately $33.6 million worth of cryptocurrency from its wallet, which held funds seized from the collapsed FTX and Alameda, to two unidentified addresses.
SEC Charges Touzi Capital for Violating Securities Laws
Reading time: < 1 minuteThe SEC has charged Touzi Capital and founder Eng Taing with violating securities laws, as well as committing fraud through the mishandling of investors’ funds.
Trump Wants CFTC to Oversee Crypto
Reading time: < 1 minuteAccording to reports, the incoming Trump administration wants the Commodity Futures Trading Commission to become the primary regulator for the crypto industry in the United States.
SEC Racks Up $8.2 Billion in Penalties from Crypto Companies in 2024
Reading time: < 1 minuteIn fiscal year 2024, the Securities and Exchange Commission under Chair Gary Gensler saw a historic high of $8.2 billion in collected monetary penalties, surpassing the previous record of $4.9 billion in fiscal year 2023.
