The money is set to cover the costs associated with having meetings including travel expenses.
Restitution paid to victims can be considered when sentencing, and judges in the Southern District of New York routinely impose shorter terms than guidelines suggest for white-collar cases.
USDT’s appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said.
Powell also said a CBDC would need Congress’ approval before the Federal Reserve will act.
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The Energy Information Administration (EIA) is starting a survey to track the electricity consumption of crypto miners in the U.S.
Traders have scaled back bets of aggressive rate cuts by the Federal Reserve ahead of the U.S. GDP report.
CoinShares said the decision is a direct result of the SEC’s approval of the listing of a spot bitcoin ETF.
Just one potential spot bitcoin ETF issuer has set a management fee above 1%, and many of the others are asking for less than 0.5%.
Two influential analysts have tipped odds at over 90% ahead of the Securities and Exchange Commission decision.