Tag: US
Santa Monica Opens a Bitcoin Office
Reading time: < 1 minuteThe City of Santa Monica in California has established a dedicated Bitcoin Office.
Transak Launches Wire Transfers for Crypto Users in US
Reading time: < 1 minuteTransak has become the first company to offer wire transfers as a fiat-to-crypto on-ramp for users in the United States.
SEC Files Charges Against BitClout Founder
Reading time: < 1 minuteOn July 30, the United States Securities and Exchange Commission (SEC), in partnership with the US Attorney’s Office for the Southern District of New York, revealed charges against Nader Al-Naji, the founder of BitClout.
US Senator Proposes US Government Buy 5% of BTC Supply
Reading time: < 1 minuteSenator Cynthia Lummis of the United States has recently proposed a bill known as the “Strategic Bitcoin Reserve” which aims to have the government acquire and hold 5% of the world’s Bitcoin supply for a minimum of 20 years.
Robert F. Kennedy Jr. Promises to Issue Bitcoin-Related Executive Orders
Reading time: < 1 minuteRobert F. Kennedy Jr., a candidate for the US presidency, has made several promises related to Bitcoin that he plans to fulfill on his first day in office if elected.
Arkham Moves Almost $500M ARKMs to Coinbase PrimeÂ
Reading time: < 1 minuteIn 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 minuteAfter 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 minuteThe 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 minuteSilvergate 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 minuteOn 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.
