Chief author behind President Biden’s crypto EO rejoins administration
Carole House left her position as a crypto adviser at the New York State Department of Financial Services to rejoin the White House in an election year.
Carole House left her position as a crypto adviser at the New York State Department of Financial Services to rejoin the White House in an election year.
CoinShares will reinvest $39.78 million from the sale of its FTX claim into growth opportunities and enhanced client services.
South Korean researcher Bo-mi Lee highlights crypto volatility and risks, calling for more research and regulatory measures.
According to Odaily, the Swiss Central Bank recently announced that it will extend its pilot project for selling the first batch of tokenized bonds settled with its experimental digital currency, also known as wholesale Central Bank Digital Currency (CBDC), for another two years. The bank described the project as 'very successful'. The Swiss Central Bank stated that using CBDCs for settling and clearing financial transactions could eliminate credit risk. In contrast, all digital bonds issued in the United States so far have been settled with private digital tokens, which do not have the same safeguards as central bank-backed currencies. Moody's Corporation stated in a declaration that the lack of digital cash compatible with distributed ledger technology is often a significant barrier to the development of this technology, and Switzerland is the most advanced country in this field.
Binance is assisting in investigating the malicious attack on Turkish crypto exchange BtcTurk, according to Binance CEO Richard Teng.
The Chamber of Digital Commerce proposes adding a field to the form for brokers to indicate if a digital asset has a different tax rate to prevent errors and ensure accurate reporting.
Mohammed Idris, Nigeria’s minister of information and national orientation, emphasized that Gambaryan enjoys full consular support from his home government.
According to BlockBeats, on June 21, a US regional court judge dismissed all four collective lawsuits against Ripple, but allowed one state lawsuit to continue. The jury will continue to discuss whether Ripple CEO Brad Garlinghouse made 'misleading statements' related to securities sales in a television interview in 2017. Previously, a civil lawsuit for securities claims against Brad Garlinghouse was heard in a California court. The decision by the judge marks a significant development in the ongoing legal battles faced by Ripple and its CEO. The dismissal of the four collective lawsuits provides some relief for the company, but the continuation of the state lawsuit indicates that Ripple's legal troubles are far from over. The focus of the ongoing discussion is on the statements made by Garlinghouse in 2017, which are alleged to have been misleading in relation to securities sales. The outcome of this case could have significant implications for Ripple and the broader cryptocurrency industry.
According to BlockBeats, Richmond Federal Reserve Chair, Barkin, stated on June 21 that the Federal Reserve needs to further clarify the path of inflation before it can cut interest rates. Barkin, who has voting rights on monetary policy this year, said the current policy positioning is good and added that the Federal Reserve has the strength needed to curb inflation.When asked if the Federal Reserve could cut interest rates once and maintain them at that level, Barkin said it depends on economic data. If the current situation continues, now may not be the best time to provide guidance on the timeline for subsequent policy adjustments. 'Sometimes we want to provide forward-looking guidance and we do,' he said, 'In my view, it doesn't seem like that time now. It doesn't feel like the time to release forward-looking guidance. Let's see where the data will lead us.'
The Washington DC-based blockchain advocacy group argued the IRS' broker rule provisions violate the Paperwork Reduction Act.