Greenidge Generation Holdings (GREE), a bitcoin mining company, said in a statement Thursday that it had won the dismissal of a petition filed by the Sierra Club and Seneca Lake Guardian to stop its crypto mining project in Seneca Lake, New York. The...
This year, the Securities and Exchange Commission (SEC) has designated crypto assets as a high-risk area for market participants to examine. "In this time of increased market volatility, our priorities have been tailored to focus on emerging issues, such as crypto assets," an SEC Division of Examinations...
A bipartisan, broad-based regulatory framework for cryptocurrency is being developed by two US senators. One of the senators stated, "The work we're doing is going to be a very complex and intensive review of the different aspects of this industry." U.S. Senators Kirsten Gillibrand...
Cryptocurrency has advantages, according to US Treasury Secretary Janet Yellen. Yellen said that cryptocurrency has grown by leaps and bounds and is now "playing a significant role" in many Americans' investment decisions and that the Treasury Department is working on regulatory recommendations for healthy innovation.
Eight US lawmakers have written to the chairman of the Securities and Exchange Commission (SEC) to express their concerns about how the agency collects data from cryptocurrency companies. The SEC's "requests" for information, according to the crypto community, are "overburdensome, don't feel particularly voluntary, and are suffocating...
The United States Justice Department has seized bitcoin that was stolen from an elderly man in a government imposter scam and will return it to him. The victim was duped into believing his personal information was being used to facilitate a drug trafficking and money laundering scheme,...
Bitcoin-friendly mayors Francis Suarez of Miami and Eric Adams of New York City view blockchain technology as a way to increase equality and diversity in their respective cities, and also to disrupt authoritarian regimes. At a panel discussion at fintech investment firm Inveniam's Web...
KleptoCapture, a new task force established by the US Department of Justice (DOJ), will also target cryptocurrency exchanges. The investigation will target financial institutions, banks, money transmission services, and crypto exchanges that allow Russian oligarchs to move money. According to reports, a new Department...
In an interview with CNBC published Thursday, Eswar Prasad, professor of economics at Cornell University, shared his thoughts on U.S. President Joe Biden’s crypto executive order and what it means for the industry. Prasad is the Nandlal P. Tolani senior professor of trade policy and professor...
Many people in the crypto industry welcome President Joe Biden’s executive order on crypto. A crypto regulatory expert says, “It’s about as good as we could ask.” Another sees the order as the federal government viewing “cryptocurrency as a legitimate, serious, and important part of the economy and...