Some mayors of cities large and small in the U.S. have been pushing for the adoption of cryptocurrencies or otherwise taking a position in favor of digital assets.
El Salvador police arrested and released Bitcoin detractor without a warrant
The National Civil Police later released a statement saying Mario Gómez’s detainment was related to an investigation for financial fraud.
New NY Gov. taps former Obama official to head state’s financial regulator
Adrienne Harris said she aims “to ensure we have a robust and fair financial system, and an equitable economy” in her role at the NYDFS.
SEC reportedly contracts blockchain analytics firm to monitor DeFi industry
“The SEC is very keen on understanding what is happening in the world of smart contract-based digital assets,” said Victor Fang.
‘Don’t kill crypto’ billboard goes up in Alabama in advance of House tackling infrastructure
“We want members of Congress to know that we’ll be watching them and that we won’t let them hide from their positions on this,” said Evan Greer.
CFTC commissioner says agency has broad enforcement authority on crypto derivatives
“A trading platform that offers derivatives on digital assets to U.S. persons without registering, or in violation of CFTC trading rules, is subject to the CFTC’s enforcement authority,” said Dawn Stump.
El Salvador president announces infrastructure already being built ahead of country’s Bitcoin adoption
According to Nayib Bukele, there will be 200 ATMs and 50 branches capable of converting Bitcoin into U.S. dollars starting on Sept. 7.
Iran to lift Bitcoin mining ban in September
Authorized Bitcoin miners will be able to resume their operations after the electricity preservation policy during the hot summer months.
How will regulatory troubles and mandatory KYC impact Binance Coin (BNB) price?
Data shows traders have mixed emotions about BNB’s future given Binance’s regulatory troubles and new mandatory KYC policy.
Missouri mayor suggests giving residents up to $1K in Bitcoin
Jayson Stewart hinted Cool Valley residents could be required to HODL the funds for five years.
VanEck and ProShares apply to withdraw Ethereum ETF filings from SEC
It’s unclear why both asset managers chose to apply for and withdraw seemingly similar applications for Ether ETFs on the same days.
Canadian regulator alleges OKEx operator violated securities law
The commission has made similar allegations against Bybit, crypto exchange KuCoin and Polo Digital Assets.
Crypto-friendly CFTC commissioner Brian Quintenz reportedly plans to step down
Quintenz’s 5-year term at the agency was originally scheduled to end in April 2020, but he has twice extended his departure.
Crypto language in the infrastructure bill is a political shell game, says Cointelegraph GC
According to Zachary Kelman, Republicans and moderate Democrats may know the tax reporting requirements for crypto firms are impossible, but want to have a provision to fund some of the projects without raising taxes.
Dutch central bank claims Binance is operating illegally
The warning follows authorities in several countries issuing statements warning investors to exercise caution in regards to Binance, or claiming the exchange was operating illegally.
Former US Treasury official joins Binance to lead AML efforts
Former IRS supervisor Greg Monahan replaces Karen Leong as the global money laundering reporting officer of Binance.
US lawmakers urge CFTC and SEC to form joint working group on digital assets
The letter seems to be applying political pressure for the two government agencies to act on their own rather than waiting for a bill requiring the creation of such a group to become law.
Spanish officials issue warning on Huobi and Bybit crypto exchanges
The National Securities Market Commission in Spain issued warnings on 11 entities for not being registered for investment services.
London court orders Binance to trace hackers behind $2.6M Fetch.ai attack
“We need to dispel the myth that crypto assets are anonymous. The reality is that with the right rules and applications they can be tracked, traced and recovered,” said Syedur Rahman.
Are NFTs being used for money laundering? Yes they are, claims Mr. Whale
NFT’s could be a vehicle to legitimize ill-gotten gains for the crypto elite.