US lawmakers blame crypto firms for ‘tax gap’ in letter to Treasury
In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, two members of Congress raised concerns about the tax compliance practices in crypto.
AI should be regulated like medicine and nuclear power: UK minister
A minister from the United Kingdom’s opposition party says AI should be licensed and regulated in a similar way to the pharmaceutical and nuclear industries.
Coinbase, Robinhood, CFTC to testify in Congress over draft crypto bill
Paul Grewal reiterated that the “U.S. is falling behind” and is at risk of driving jobs, innovation and investment overseas.
Crypto sentiment index dips back to March ‘fear’ levels amid Binance lawsuit
Meanwhile, total liquidations have topped $280M in the last 12 hours as crypto market sentiment has turned more fearful.
Cboe Digital receives nod for margin trades on its crypto futures exchange
Amid regulatory uncertainty, the approval has been seen as a small win for the U.S. crypto market and institutional investors.
Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic
Stolen crypto from Atomic wallets is already on the move to mixers according to Elliptic.
Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’
U.S. Attorney Damian Williams said Fowler’s lies exposed the U.S. financial system to “serious risk.”
Apple’s Vision Pro headset reveal swaps metaverse for ‘spatial computing’
Metaverse tokens have failed to pump following the major announcement, however this is likely due to the SEC abruptly dropping a lawsuit against Binance.
Binance lawsuit: 61 cryptocurrencies are now seen as securities by the SEC
With its latest suit against Binance, the U.S. SEC has now labeled at least 61 cryptocurrencies as securities, affecting $100 billion worth of tokens on the market.
SEC complaint hints at why Brian Brooks resigned as Binance.US CEO
New details revealed in the SEC complaint could explain why Brian Brooks abruptly stepped down as CEO of Binance.US in 2021, a crypto lawyer suggests.