Senate Coalition Expands Support for Elizabeth Warren’s Crypto Bill to Curb Illicit Finance

by Александр Пирогов | Dec 13, 2023 | Blog News

U.S. Senator Elizabeth Warren’s bipartisan Digital Asset Anti-Money Laundering Act has garnered additional support from Senators Raphael Warnock, Laphonza Butler, Chris Van Hollen, John Hickenlooper, and Ben Ray Luján. The bill aims to address the risks of...

Binance Challenges SEC’s Attempt to Include DOJ Settlement Findings as ‘Irrelevant’

by Александр Пирогов | Dec 13, 2023 | Blog News

Binance has responded to the U.S. Securities and Exchange Commission’s (SEC) attempt to introduce findings from the $4.3 billion settlement with the U.S. Department of Justice (DOJ) in the ongoing legal proceedings. Binance argued that the SEC’s move is...

SEC Successfully Serves Lawsuit to HEX Founder Richard Heart in Finland Through Substitute Service

by Александр Пирогов | Dec 13, 2023 | Blog News

The United States Securities and Exchange Commission (SEC) has served its lawsuit to HEX founder Richard Schueler, also known as Richard Heart, in Helsinki, Finland. The SEC resorted to substitute service on October 31 when process servers faced challenges reaching...

FTX Warns IRS Tax Bill Could Wipe Out Recovery for Creditors

by Александр Пирогов | Dec 12, 2023 | Blog News

FTX Trading, facing a proposed $24 billion tax bill from the U.S. IRS, warns that any “meaningful recovery” for creditors could be swiped away. FTX contests the IRS claims, deeming them “meritless” and arguing that the tax bill exceeds any...

Google Tightens Ad Rules for Cryptocurrency Coin Trusts in the U.S

by Александр Пирогов | Dec 12, 2023 | Blog News

With the imminent launch of cryptocurrency ETFs causing a buzz, Google is seizing the opportunity by allowing advertisements for Crypto ETFs. Effective from January 29, 2024, the update permits Cryptocurrency Coin Trusts to advertise on Google. However, direct...

Palau Reports Successful First Phase of Stablecoin Pilot

by Александр Пирогов | Dec 12, 2023 | Blog News

The Republic of Palau has released a report detailing the positive outcomes of the initial phase of its stablecoin pilot. Launched in June 2023 with 200 volunteers, the pilot utilized Ripple Ledger technology to manage wallet transactions. The Ministry of Finance...