USA

New-York-urges-crypto-market-crash-victims-to-speak-out
New York Urges Crypto Market Crash Victims To Speak Out

The Attorney General for the State of New York has issued an investor alert. New Yorkers who have been affected by crypto frauds are strongly encouraged to report The cryptocurrency industry has been rife with scams and fraudulent behavior. Letitia James, the Attorney General for the State of New York, has issued an investor alert warning anyone harmed or misled by the cryptocurrency crash to contact her office. Investors have been left in financial ruin as many high-profile cryptocurrency companies have halted customer withdrawals, implemented massive layoffs, or sought bankruptcy. Office of the Attorney General (OAG) is looking for New

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Kraken-Accused-of-Violating-U.S.-Sanctions-In-Iran
Kraken Accused of Violating U.S. Sanctions In Iran

Foreign Assets Control has been investigating Kraken. U.S. crypto exchange Kraken faces U.S. sanctions. Possible fines for violating the sanctions. In recent reports, crypto exchange platform Kraken is under federal investigation for potentially violating U.S. sanction laws. The exchange platform allowed users in Iran and elsewhere to potentially buy and sell digital currency. In a recent tweet by the Wu Blockchain, Kraken is suspected of allowing users to buy and sell digital assets in sanctioned countries like Iran. The U.S. Treasury’s Office of Foreign Assets Control (OFAC) is investigating the platform, and they could face fines for violating the sanctions.

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The United States Securities and Exchange Commission (SEC) sent a letter last week to Judge Analisa Torres, one of the US District Judges who conducts court proceedings of SEC vs Ripple lawsuit, asking to revoke amici status granted to XRP Holders and to bar John Deaton from further proceedings. Earlier today, defense attorney James Fillan tweeted Judge Torres denies the said SEC’s motion. Deaton, the attorney representing over 67,000 XRP holders affected by the SEC vs Ripple lawsuit, showed his appreciation with the two judges handling the lawsuit by saying they have been fair and neutral. https://twitter.com/JohnEDeaton1/status/1552057199278555137?t=WHb6sVj7jxWvTPI1-aAQOw&s=19 A day before SEC filed the motion denied, the defendants of Ripple filed a request letter to participate in the expert challenge, a report available to judges and experts to track legal challenges to an expert’s testimony. According to the document signed by Judge Torres, amici can’t participate in expert challenges now. However, they could file an application to brief concerns with the SEC's expert at summary judgement. The SEC filed a lawsuit in late 2019 against Ripple, a blockchain-based payment protocol that processes international money transfers. According to the lawsuit, Ripple conducted an unregistered securities offering through sales of XRP. However, Ripple showed pieces of evidence that the crypto regulation from the SEC was inconsistent. At the present time, the Ripple lawsuit was still ongoing. John Deaton said without settlement, the best case scenario for a ruling is in late August and worst case is in December.
Judge Reject SEC Motion to Revoke Amici Status and Bar John Deaton

The SEC asked Judge Torres to revoke XRP Holder’s amici status last week. In addition, the SEC wants to bar John Deaton from further proceedings. Judge Torres denied the motion of SEC earlier today. The United States Securities and Exchange Commission (SEC) sent a letter last week to Judge Analisa Torres, one of the US District Judges who conducts court proceedings of SEC vs Ripple lawsuit, asking to revoke amici status granted to XRP Holders and to bar John Deaton from further proceedings. Earlier today, defense attorney James Fillan tweeted Judge Torres denies the said SEC’s motion. Deaton, the attorney

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Mark-Cuban-has-warned-that-the-U.S
Mark Cuban Suspects SEC to Lay ‘Nightmare’ Token Registration Rules

Mark Cuban suspects the SEC to come up with a new crypto registration rule. Cuban’s suspicion was in regards to the enforcement action taken with the first ever crypto insider case. The Shark Tank star first slammed SEC over its enforcement-centric approach to crypto regulation in August. Shark Tank star Mark Cuban, an American billionaire entrepreneur and owner of NBA team Dallas Mavericks, forewarned his 8.7 million Twitter followers on Saturday regarding the US Securities and Exchange Commission (SEC) crypto token regulation. Last week, the SEC charged a former Coinbase manager with the first ever crypto insider case and discovered

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Traders-are-Shifting-Attention-to-the-FOMC-Decisions
Traders are Shifting Attention to the FOMC Decisions

The Fed is determined to deliver another super-sized rate hike. traders will be closely watching the FOMC meeting this week Being on the opposite side of the crowd’s expectations could prove to be beneficial. Despite an imminent technical recession in the US, the Fed is determined to deliver another super-sized rate hike when it concludes its two-day policy meeting on July 27. Traders are shifting their attention to the big FOMC decisions later in the week. Being on the opposite side of crowd expectations could prove to be beneficial, just like in previous instances. The big event this week is

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Bitcoin’s-Philosophy-Tainted-by-Donating-to-Political-Campaigns
Bitcoin’s Philosophy Tainted by Donating to Political Campaigns 

California allows Bitcoin (BTC) donations for political campaigns.  The crypto community urges one another to donate USDT instead of Bitcoin (BTC).  They believe spending Bitcoin (BTC) on political campaigns is against Bitcoin’s vision. The United States of America (USA) keeps astounding the crypto community with constant exciting news. The latest of these announcements comes from the state of California. From henceforth, political campaigns in the state of California can receive Bitcoin (BTC) in the form of donations.  This is indeed very exciting news, as the state had banned political donations in Bitcoin (BTC) back in 2018. More so, the crypto

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US-SEC-Commissioner-Allison-Lee-Steps-Down
US SEC Commissioner Allison Lee Steps Down

SEC Commissioner Allison Herren Lee Announces Departure (Sorta). Lee was sworn in as an SEC Commissioner on July 8, 2019. Allison has been a stalwart advocate for strong and stable markets Allison Herren Lee stepped down from her position as the Commissioner of the Securities and Exchange Commission (SEC). Lee announced her planned departure in March of this year with plans to take up a visiting professorship in Italy. According to the New York Times, she had delayed the opportunity to take a seat on the Commission in 2019. .  Prior to serving as a Commissioner, Lee spent over a

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Coinbase-temporarily-shutting-down-US-affiliate-marketing-program
Coinbase “Temporarily Shutting Down” US Affiliate Marketing Program

Coinbase is “temporarily shutting down” its US affiliate-marketing program The exchange is still promoting its platform in other ways, including on social media. Coinbase has been one of the most active exchange in the cryptocurrency industry Coinbase is “temporarily shutting down” its US affiliate-marketing program effective July 19th, 2022 “due to crypto market conditions.” The move may therefore affect Coinbase’s ability to drive new customers to its platform through existing ones. The report cited an email sent by Coinbase to its affiliates. In the email, Coinbase said that it would no longer pay out commissions for new customers starting July

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US-Senate-Elects-Ex-Ripple-Advisor-as-Fed-Vice-Chair-for-Supervision
US Senate Elects Ex-Ripple Advisor as Fed Vice Chair for Supervision

Michael Barr was confirmed by the US Senate as vice chairman for supervision at the Fed. Barr, who was President Biden’s pick for the position, was also an ex-Ripple advisor. Twitter users speculated Ripple’s XRP will moon after the announcement. Michael Barr, a law professor and former Ripple advisor, was appointed as vice chairman for supervision at the Federal Reserve by the US Senate on Wednesday. Barr, who was US President Joe Biden’s pick for the vice chair for supervision of the Federal Reserve System, was confirmed to sit in the position for four years. The US lawmakers voted 66-28

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What-happened-With-Celsius,-and-How-its-Crypto-Lending-Burned-Out
Celsius Faces Legal Charges From State Regulators and SEC

Crypto lending firm Celsius halted withdrawals from its platform. The firm’s action provoked an investigation from security regulators and the SEC. Legal charges from individuals like Ben Armstrong were also added from the firm’s plate. Celsius was in deeper trouble after State securities regulators in Alabama, Kentucky, New Jersey, Texas, and Washington are set to investigate the crypto lending firm as per Reuters. The investigation was in response to the crypto lending firm’s decision to halt customer’s withdrawals, transfers, and swaps earlier this week.  The Texas State Securities Board Enforcement Director Joseph Rotunda told Reuters on Thursday that the officials

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FTX-CEO-Sam-Bankman-Fried-to-Donate-up-to-$1B-for-US-Elections
FTX CEO Sam Bankman-Fried to Donate up to $1B for US Elections

Sam Bankman-Fried pledged to donate over $100 million in the 2024 US election. The donation could reach up to $1 billion, depending on the candidates and their policies. Crypto industry donors spent up to $30 million since the 2020 elections. Sam Bankman-Fried, the CEO and founder of FTX, claims that he could donate more than $1 billion in the 2024 US presidential election. According to CNBC, Bankman-Fried disclosed his expenditure plans in a podcast interview “What’s Your Problem?”  The top executive said he’s looking forward to donating “north of $100 million,” with a “soft ceiling” of $1 billion for the

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46M Americans Hold Bitcoin
46M Americans Hold Bitcoin, BTC Offers Financial Freedom

Over 46 million Americans now hold Bitcoin.  This proves that most people are against banning Bitcoin.  CEO of MicroStrategy — Michael Saylor, believes that Bitcoin will bring financial freedom. The journey of Bitcoin (BTC) continues with much gusto. Twitter account — Documenting Bitcoin, continues to make records of its every milestone.  As of today, the latest one says that over 46 million Americans are holding BTC. In detail, Documenting Bitcoin tweets saying — Bitcoin is for everyone.  It goes on to highlight that 46 million Americans now hold BTC. This means that most individuals are now aware of the pioneer

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