Regulators

Binance Decides To Leave Canada, Citing Regulatory Issues Related to Stablecoins and Investor Limits

The world’s largest crypto exchange by volume says that it’s leaving Canada due to issues with the nation’s regulations on stablecoins and investor limits. In a new announcement, Binance says that it will be joining other prominent crypto-focused firms and leaving the Canadian marketplace. According to Binance, Canada’s new regulatory measures that seek to protect […] The post Binance Decides To Leave Canada, Citing Regulatory Issues Related to Stablecoins and Investor Limits appeared first on T

US Senators Keeping Tabs on El Salvador Bitcoin (BTC) Adoption in Reintroduced Bill: Report

US Senators are reportedly reintroducing a bill that would allow them to track and monitor the developments related to El Salvador’s adoption of Bitcoin (BTC). According to a new report by the Washington Examiner, Senators Bob Menendez, a Democrat from New Jersey, and Jim Risch, a Republican from Idaho, have announced the Accountability for Cryptocurrency […] The post US Senators Keeping Tabs on El Salvador Bitcoin (BTC) Adoption in Reintroduced Bill: Report appeared first on The Daily Hodl.

U.S. Chamber of Commerce Lines Up in Support of Coinbase Amid Exchange’s Push for Regulatory Clarity From SEC

The U.S. Chamber of Commerce is supporting Coinbase’s efforts to secure regulatory guidance on crypto assets from the U.S. Securities and Exchange Commission (SEC). The top US crypto exchange filed a motion in court in April to compel the SEC to respond to an earlier petition from the company requesting guidance for the digital asset […] The post U.S. Chamber of Commerce Lines Up in Support of Coinbase Amid Exchange’s Push for Regulatory Clarity From SEC appeared first on The Daily Hodl.

Judge Sides With Bankrupt Lender BlockFi in Dispute Over Customers’ Crypto in Interest-Bearing Accounts: Report

A New Jersey judge reportedly ruled that BlockFi owns the funds that customers transferred from interest-bearing accounts when the bankrupt crypto lender froze withdrawals last year. In November, BlockFi announced it would stop allowing customers to withdraw their funds amid uncertainties on the status of crypto exchange FTX and its trading arm Alameda Research. A […] The post Judge Sides With Bankrupt Lender BlockFi in Dispute Over Customers’ Crypto in Interest-Bearing Accounts: Report appeared

New York State Lawmaker Introduces Bill That Would Allow People To Post Bail With Fiat-Backed Stablecoins

A lawmaker in the Empire State just proposed new legislation that could expand the use cases of stablecoins. On May 10th, New York State Democrat Latrice Walker introduced Assembly Bill 7024, which seeks to amend the criminal procedure law to authorize the use of dollar-pegged stablecoins as a form of payment for bail bonds. Accepted […] The post New York State Lawmaker Introduces Bill That Would Allow People To Post Bail With Fiat-Backed Stablecoins appeared first on The Daily Hodl.

Embattled Terra (LUNA) Founder Do Kwon Placed Under House Arrest in Montenegro After Posting $435,000 Bail

Troubled Terra (LUNA) founder Do Kwon is being placed under house arrest in Montenegro after posting bail. According to a new document released by Montenegrin authorities, Do Kwon and Han Chang-Joon, Terra’s former chief financial officer, have paid $435,000 each to post bail but will be forced to stay under house arrest until the end […] The post Embattled Terra (LUNA) Founder Do Kwon Placed Under House Arrest in Montenegro After Posting $435,000 Bail appeared first on The Daily Hodl.

US Tax Authority Provides Blockchain and Crypto Tracing Training to Ukrainian Law Enforcement

The U.S. Internal Revenue Service (IRS) is providing Ukrainian law enforcement agencies with tools and training to help them analyze the blockchain and track crypto assets held by sanctioned Russian oligarchs. The IRS Criminal Investigation Agency (IRS-CI) conducted a virtual training for 50 Ukrainian law enforcement officers in April and plans to hold an in-person […] The post US Tax Authority Provides Blockchain and Crypto Tracing Training to Ukrainian Law Enforcement appeared first on The Dai

Texas House of Representatives Seeks To Extend Bill of Rights to Crypto With New Amendment Proposal

The Texas House of Representatives is looking to pass a new amendment extending the Bill of Rights to crypto assets. According to Tom Glass, a former House candidate, the House has voted 139-2 to add a new clause to the Texas Bill of Rights that would stifle the government from infringing upon the right to […] The post Texas House of Representatives Seeks To Extend Bill of Rights to Crypto With New Amendment Proposal appeared first on The Daily Hodl.

Coinbase Chief Legal Officer Responds to SEC’s Latest Rule Proposal Amid Regulatory Tension

Top US crypto exchange Coinbase is pushing back against the new rule proposal from the U.S. Securities and Exchange Commission (SEC) regarding registered investment advisers (RIAs) and qualified custodians (QC). In March, the SEC published a proposal that, if adopted, would require any client assets in an investment adviser’s possession to be held in safekeeping […] The post Coinbase Chief Legal Officer Responds to SEC’s Latest Rule Proposal Amid Regulatory Tension appeared first on The Daily Ho

U.S. Justice Department Extradites Notorious Twitter Hacker and Alleged Crypto Thief From UK

A U.K. hacker who caused a stir in 2020 and stole hundreds of thousands of dollars worth of crypto is pleading guilty to two sets of charges following his extradition from Spain on April 26th. In a statement published on Tuesday,  the U.S. Attorney’s Office Southern District of New York says Joseph James O’Connor, also […] The post U.S. Justice Department Extradites Notorious Twitter Hacker and Alleged Crypto Thief From UK appeared first on The Daily Hodl.

US Crypto Industry Now ‘Very Difficult’ To Do Business In, Says Binance Executive: Report

A top Binance executive reportedly says that the United States’ crackdown on digital assets has created a “very difficult” business climate in the country for the crypto industry. According to the Financial Times (FT), Patrick Hillmann, the chief strategy officer for the world’s largest crypto exchange, says that US regulators have created a lot of […] The post US Crypto Industry Now ‘Very Difficult’ To Do Business In, Says Binance Executive: Report appeared first on The Daily Hodl.

Crypto Exchange Bittrex Files for Bankruptcy Following SEC Enforcement Action After Nearly a Decade in Business

Seattle-based crypto exchange Bittrex has filed for bankruptcy as it faces ongoing regulatory challenges in the United States. Richie Lai, the exchange’s co-founder and chief executive, acknowledged the filing in a tweet on Monday. “Yes, we filed chap 11. Yes, we still have 100% of all customer funds. Yes, there will be a claims process […] The post Crypto Exchange Bittrex Files for Bankruptcy Following SEC Enforcement Action After Nearly a Decade in Business appeared first on The Daily Hodl.

Bitcoin and Crypto Markets Rise on Inflation Data As Countdown to US Debt Default Looms

Bitcoin (BTC) and the crypto markets are on the rise after the latest Consumer Price Index (CPI) reveals cooling inflation. New data from the U.S. Bureau of Labor Statistics, the CPI – which measures the changes in the prices of goods and services – shows inflation dipped to 4.9% in April, down from 5% in […] The post Bitcoin and Crypto Markets Rise on Inflation Data As Countdown to US Debt Default Looms appeared first on The Daily Hodl.

Argentina Central Bank Blocks Payment Apps and Services From Offering Crypto Amid Rapid Fiat Debasement: Report

Argentina’s central bank has called for its country’s payment service providers to halt allowing for crypto asset support. In a new announcement, the Banco Central De La Republica Argentina (BCRA) says that payment service providers are barred from conducting transactions involving crypto. “Payment service providers that offer payment accounts may not carry out or facilitate […] The post Argentina Central Bank Blocks Payment Apps and Services From Offering Crypto Amid Rapid Fiat Debasement: Repo

OKX President Says Anti-Crypto Regulation in US Is Only Temporary, Company Remains Optimistic for Future

A top executive from crypto exchange OKX says that anti-crypto regulations in the US are only temporary and that the American digital asset sector will become strong again. In a new interview on The Wolf of All Streets podcast, OKX president Hong Fang tells host Scott Melker that she doesn’t expect crypto regulations in the […] The post OKX President Says Anti-Crypto Regulation in US Is Only Temporary, Company Remains Optimistic for Future appeared first on The Daily Hodl.

Coinbase CEO Brian Armstrong Says Crypto Exchange 100% Committed to the US Despite Regulatory Crackdown

Coinbase CEO Brian Armstrong says the firm is confident it can pull through the current anti-crypto regulatory crackdown that is stirring uncertainty across the industry. During Coinbase’s first quarter earnings call, Armstrong says the exchange remains completely committed to making things work at home in the US.  Coinbase recently received a Wells Notice from the […] The post Coinbase CEO Brian Armstrong Says Crypto Exchange 100% Committed to the US Despite Regulatory Crackdown appeared first

Fed President Warns of Recession Amid Banking Crisis, Says FOMC Committed to Hammering Inflation

The President of the Minneapolis Federal Reserve Bank is issuing a warning, saying that a recession could be around the corner as a banking crisis puts pressure on the US economy. According to a new report by Reuters, President Neel Kashkari says that even though the Fed’s current tactics to combat inflation could cause a […] The post Fed President Warns of Recession Amid Banking Crisis, Says FOMC Committed to Hammering Inflation appeared first on The Daily Hodl.

Alexandria Ocasio-Cortes and Elizabeth Warren Hunt Down Crypto Companies To Interrogate About SVB Deposits

US senators are demanding answers from crypto companies about their affiliation with the collapsed Silicon Valley Bank (SVB). In an open letter to 14 of SVB’s biggest clients, Massachusetts senator Elizabeth Warren and New York senator Alexandria Ocasio-Cortes (AOC) inquire about what they see as a “cozy relationship” between the bank and its depositors. Among […] The post Alexandria Ocasio-Cortes and Elizabeth Warren Hunt Down Crypto Companies To Interrogate About SVB Deposits appeared first on

Alexandria Ocasio-Cortez and Elizabeth Warren Hunt Down Crypto Companies To Interrogate About SVB Deposits

US senators are demanding answers from crypto companies about their affiliation with the collapsed Silicon Valley Bank (SVB). In an open letter to 14 of SVB’s biggest clients, Massachusetts senator Elizabeth Warren and New York senator Alexandria Ocasio-Cortez (AOC) inquire about what they see as a “cozy relationship” between the bank and its depositors. Among […] The post Alexandria Ocasio-Cortez and Elizabeth Warren Hunt Down Crypto Companies To Interrogate About SVB Deposits appeared first on

FTX Used Hodgepodge of Apps To Manage Billions of Dollars in Assets, Including Crypto: New Court Filing

Collapsed crypto exchange FTX used a “hodgepodge” of “non-enterprise solutions” to manage its billions of dollars in assets, according to a new bankruptcy filing. FTX CEO John J. Ray III, who replaced disgraced founder Sam Bankman-Fried, notes in a new report filed with the U.S. Bankruptcy Court for the District of Delaware that none of […] The post FTX Used Hodgepodge of Apps To Manage Billions of Dollars in Assets, Including Crypto: New Court Filing appeared first on The Daily Hodl.