USA | ForkLog - Part 138

ForkLog 20 17.09.2021

U.S. Senate calls for tighter oversight of cryptocurrency use by ransomware programs

Maggie Hassan, a member of the U.S. Senate Committee on Homeland Security and Governmental Affairs, sent a letter to several agencies expressing concern about the use of cryptocurrency as ransom by ransomware programs.

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ForkLog 22 17.09.2021

US Treasury to require stablecoin issuers to ensure their tokens can be freely converted into fiat

Holders of stablecoins should have the ability to freely convert their tokens into the assets backing them. This requirement appears in recommendations to stablecoin issuers being developed by the U.S. Treasury, Bloomberg reports, citing sources.

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ForkLog 9 16.09.2021

Opinion: SEC stance on cryptocurrencies politicised

The stance of the US Securities and Exchange Commission (SEC) regarding digital assets reflects someone's political agenda and hinders innovation as well as consumer protection. This view is shared by Adam Cochran, a partner at venture firm Cinneamhain Ventures.

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ForkLog 13 16.09.2021

US court sentences Stefan Qin, founder of crypto hedge funds Virgil Sigma and VQR Multistrategy, to seven and a half years in prison

Stefan Qin, founder of the New York hedge funds Virgil Sigma and VQR Multistrategy, was sentenced to seven and a half years in prison. Prosecutors say that he defrauded investors of more than $54 million.

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ForkLog 12 16.09.2021

US Congress Keeps Crypto-Transaction Tax Reporting Loophole Amendments Intact

The section on tax deduction rules for crypto transactions in the second infrastructure plan, worth $3.5 trillion, has seen no changes. The Ways and Means Committee has sent the document to the House Budget Committee for consideration.

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ForkLog 28 15.09.2021

Fidelity presses SEC on approval of Bitcoin-ETF filing

Tom Jessop, head of Fidelity Investments’ digital assets division, and his colleagues at a meeting with SEC officials laid out arguments in favour of approving a Bitcoin ETF.

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ForkLog 28 15.09.2021

Former BitMEX executive agrees to extradition to the United States

Gregory Dwyer, the former BitMEX head of business development who resides in Bermuda, has agreed to extradition to the United States to face trial. The Royal Gazette reports.

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ForkLog 62 15.09.2021

US authorities seek data from 12 automakers in Tesla Autopilot probe

The U.S. National Highway Traffic Safety Administration has requested driver-assist data from 12 automakers for an expanded investigation into crashes involving Tesla's Autopilot.

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ForkLog 13 15.09.2021

Court eases indictment in Backpage case over child trafficking and Bitcoin money laundering

An Arizona district court found the indictment against the Backpage founders for aiding child trafficking for sexual exploitation to be improper.

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ForkLog 25 15.09.2021

Senator Elizabeth Warren discussed the crypto market crash with Gary Gensler

The crypto market crash and the related outages on bitcoin exchanges underscore the need for regulation of the industry by the U.S. Securities and Exchange Commission (SEC). Senator Elizabeth Warren expressed that view at a Banking Committee hearing.

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ForkLog 15 14.09.2021

Biden nominates critic of facial recognition to FTC post

U.S. President Joe Biden has nominated privacy advocate Alvaro Bedoya to a Democratic seat on the Federal Trade Commission.

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ForkLog 24 14.09.2021

Comment: Gary Gensler to launch a crusade against Bitcoin exchanges

Crypto exchanges have listed unregistered securities, and regulators intend to combat this. That is the leitmotif of the forthcoming September 14 testimony by SEC Chairman Gary Gensler before the United States Senate. Gensler’s statement to the Senate tomorrow: 1. Crypto exchanges are selling what we believe are securities;2. «Make no mistake,» we are coming after crypto exchanges;3. There will […]

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