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“# XRP sinks below LTC again after new lawsuit from major investor ” XRP has once again lost its place as the fourth-largest cryptocurrency, with lawsuits mounting against Ripple after one of its major investors followed the SEC in filing a complaint against the project. According to a Jan. 6 report from Bloomberg, Tetragon, one…
“# Mark Cuban says he’ll run for president if BTC hits $1M ” Responding to a tweet from billionaire Chamath Palihapitiya, Mark Cuban said he would run as a U.S. presidential candidate, under a specific set of circumstances. “I’ll run if BTC gets to $1m AND we can get commitments to donate 350 BTC to…
“# Andreessen Horowitz joins push against FinCEN’s 11th-hour crypto rules ” Major venture capital firm Andreessen Horowitz, also known as a16z, is the latest crypto-related form to oppose a recently proposed regulation in the United States. According to a blog post by a16z general partner Kathryn Haun, the Financial Crimes Enforcement Network has issued “a…
“# Jack Dorsey warns that FinCEN regulations will drive crypto users offshore ” Major U.S crypto firms are rallying against FinCEN’s proposed regulations that would force businesses operating with crypto to gather information on the identities of non-customer counterparties. A Jan. 4 letter from Jack Dorsey, CEO of financial services firm Square takes aim at…
“# Rep. Soto seeks to create office to ‘coordinate’ Federal use of blockchain tech ” A new bill filed on Thursday, H.R.9067, seeks to create an office that will “coordinate” federal applications of blockchain technology. Sponsored by Rep. Darren Soto, a Democrat representing Florida’s 9th district, the bill would “establish an office within the Department…
“# FinCEN is now interested in offshore crypto holdings, proposes new regulation ” The United States Financial Crimes Enforcement Network, or FinCEN, issued a brief note on Dec. 31, announcing its intention to propose a change in the Bank Secrecy Act, regarding reporting of foreign financial accounts holding digital currency. Currently, digital assets are not covered…
“# The US has already lost the 2020 crypto regulation race to Europe ” 2020 has been a stellar year for the crypto economy, with more enterprises and institutions than ever before implementing the technology. Big announcements, such as PayPal’s decision to enable its users to buy and sell Bitcoin (BTC), have understandably dominated the…
“# Heavy hitters of crypto call for users to comment on proposed FinCEN wallet rule ” A number of players are encouraging individuals to speak out against FinCEN’s new crypto rules before comments close next week. Crypto exchange Coinbase and the foundation behind Monero are the latest firms to join in calling for crypto users…
“# NY Times report alleges history of pay discrimination at Coinbase ” San Francisco-based crypto exchange Coinbase may have had a problem with paying its employees fairly based on gender and race. According to a report from New York Times journalist Nathaniel Popper, Coinbase paid salaried Black roughly 7% less than people in similar positions based on payroll…
“# File comments against new crypto FinCEN rule, Coin Center leader urges ” With the two-week commentary period winding down, Jerry Brito, executive director of non-profit crypto policy advocate group Coin Center, says comments could make a difference in the ultimate outcome of the self-custodied wallet ruling recently proposed by the U.S. Treasury. “Coin Center…