The attorney general for the District of Columbia, Brian Schwalb, alleges that Athena Bitcoin charged undisclosed fees and had insufficient safeguards to stop fraud and scams.
The Protect Progress PAC spent more than $1 million to support James Walkinshaw in a primary for the congressional seat, in a race that could narrow Republicans’ House majority.
The group of 12 senators stressed the need for a bipartisan solution to market structure as Republicans on the banking committee plan to pass a bill this month.
Vietnam has adopted a five-year crypto pilot that takes effect immediately and bans the issuance of assets backed by fiat currencies or securities.
Gemini has secured Nasdaq as an investor in its $317 million IPO, with Nasdaq purchasing $50 million in shares as part of a strategic partnership.
If enacted, the Treasury Department will be required to produce a report on how the US strategic Bitcoin reserve would be custodied and kept safe.
The task force has already conducted roundtables to address issues related to digital asset regulation while proposing changes to the commission’s rules.
The president announced his “CryptoCity” plans would be developed in Alatau, while the government would move forward to create a strategic crypto reserve with “promising assets.”
Alex Mashinsky pleaded guilty to two felony counts in December, admitting in court to making false statements about the platform’s Earn Program.
The SEC’s proposed generic listing standards could streamline crypto ETF approvals from 240 days to just 60-75 days, opening doors for altcoin funds.