Fed Chair Powell Told House Democrats U.S. Needs Stablecoin Bill: Politico
Powell also said a CBDC would need Congress’ approval before the Federal Reserve will act.
Policy
Crypto Political Group Fairshake Targets California Senate Candidate Katie Porter
The U.S. crypto industry’s most prominent campaign-finance organization, Fairshake, is going after Sen. Katie Porter (D-Calif.), spending a part of its war chest to try to derail the progressive lawmaker.
Craig Wright Blasts ‘Experts’ Who ‘Cannot Verify Their Work’ at Trial Over Satoshi Claims
On Tuesday, he once again faced questions about a public blog post he’d signed cryptographically to prove he was Bitcoin inventor Satoshi Nakamoto that experts have since debunked.
Ripple to Buy New York Crypto Trust Company to Expand U.S. Options
Ripple struck a deal to acquire Standard Custody & Trust Co., the company said Tuesday, in order to secure a New York trust charter in an ongoing expansion of its U.S. regulatory licensing.
Craig Wright Told by UK Court to Stop Making ‘Irrelevant Allegations’ as COPA Trial Continues
Wright continued to blame a host of reasons and people for inconsistencies pointed out by opposing counsel on Monday as his cross-examination continued.
New York Expands Fraud Case Against Digital Currency Group to $3 Billion
New York Attorney General Letitia James has amplified its fraud case against Digital Currency Group (DCG), now saying the company is responsible for $3 billion in investor losses tied to the Gemini Earn product and to direct investments with Genesis, according to a new court filing.
UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say
Crypto industry groups in the U.K. say local regulators’ proposals for supervising stablecoins need reworking.
U.S. Senators Berate SEC’s Gensler for Agency’s ‘Unethical’ Handling of Crypto Case
The U.S. Securities and Exchange Commission’s admission that it misrepresented evidence in a lawsuit against the blockchain project DEBT Box casts doubt on its wider enforcement practices, several Republican senators argued in a letter to Chair Gary Gensler.
Do Kwon Wins Second Chance to Appeal Extradition From Montenegro
The appeal is a minor victory for Kwon, who initially won an appeal in November only for it to be subsequently overturned.
Thai SEC Files Charges Against Former Zipmex Thailand CEO
The Securities and Exchange Commission found that the companies customer assets were transferred overseas before an announcement was made.