Category: Policy

At issue is whether certain tokens should be considered securities and thus regulated.

U.S. Senators Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), Mark Warner (D-Va.) and Jack Reed (D-R.I.) and New York Governor Kathy Hochul addressed this concern in separate public statements Wednesday. The senators asked Treasury Secretary Janet Yellen what steps her department would take to mitigate any such usage, while Hochul announced that the New York Department of Financial Services (NYDFS) would accelerate its efforts to contract crypto analytics tools.

“[The Ukraine-Russia conflict] underscored the need for congressional action on digital finance including crypto currency,” Fed Chair Jerome Powell said in Congressional testimony on Wednesday.

The European Commission is also studying whether crypto is being used to circumnavigate Russian sanctions.

The Advertising Standards Authority (ASA) determined that ads for a meme-based cryptocurrency named after Elon Musk’s shiba inu dog that appeared on London’s transport network last year are “irresponsible.”

The rare NFT could be worth $200,000 according to some estimates.

The founder of the Kuna crypto exchange behind the government’s crypto fundraising said the money is spent “efficiently,” on CoinDesk TV.

A coalition of countries including the U.S. and European Union want to freeze the Russian central bank’s international reserves and lock (some) Russian banks out of the global financial system.

The government’s crypto fund has received cryptocurrency worth $16.8 million and spent $14 million.

Ukraine also promised a reward for the information, but the exact amount will depend on how much is used for the military resistance.

Attorneys said efforts to locate the convicted founder could remain unfruitful.

At Morgan’s arraignment on Monday, prosecutors told a D.C. judge that they’re in talks with the defense to find a “resolution” to the criminal case that would see Morgan avoid trial.

U.S. officials also hope crypto exchanges will block sanctioned individuals regardless of where they’re headquartered.

The question was asked during a bail hearing and a court order didn’t say it needed an answer.

The U.S. Treasury has prohibited transactions with the Central Bank of Russia and imposed sanctions on a key Russian sovereign wealth fund.

Around $10 million in crypto donations sent to the Ukrainian government have already been spent.