US lawmakers advance resolution to get banks in on crypto custody
The House Financial Services Committee has voted to advance a resolution that could overturn the controversial Staff Accounting Bulletin No. 121.
The House Financial Services Committee has voted to advance a resolution that could overturn the controversial Staff Accounting Bulletin No. 121.
According to Foresight News, the US Securities and Exchange Commission (SEC) is reportedly investigating internal documents of OpenAI to determine if the company misled investors. The SEC's investigation is related to the sudden dismissal of CEO Sam Altman by the OpenAI board in November last year, accusing him of a lack of consistent honesty in communication. Previously, the OpenAI board stated that they no longer had confidence in Sam Altman's ability to lead the company, and subsequently, OpenAI co-founder Greg Brockman announced his departure from the company.
Antoni Zolciak, co-founder of Aleph Zero, explains that delisting privacy-centric cryptocurrencies like Monero is the industry’s way of responding to regulations, and only projects willing to adapt may survive.
All crypto exchanges and trading platforms that have failed to file for license applications with the regulator by Feb. 29 must wind up their business in Hong Kong by May 31.
The People Power Party, led by Yoon Chang-hyun, intended to announce a virtual asset pledge last week but has postponed it indefinitely.
Crypto exchanges have been suspected of destabilizing the Nigerian naira fiat, but the country’s top central banker said Binance moved billions from unidentified users in 2023.
The former FTX CEO’s mother, father, and brother all wrote letters to Judge Lewis Kaplan suggesting that SBF’s lack of social awareness could lead to problems in prison.
A report published in The New York Times claimed SBF is giving investment advice to prison guards, reportedly asking them to invest in Solana.
The IRS will use the funding from the Inflation Reduction Act (IRA), a federal law aimed at curbing inflation, to build compliance in emerging areas, which includes digital assets as a top priority.
The “hacking” OpenAI mentions in the filing could also be called prompt engineering or “red-teaming,” according to The New York Times’ attorney.