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Policy
Potential Early Release for Binance Founder Changpeng 'CZ' Zhao on Friday
Changpeng 'CZ' Zhao, the founder of Binance, may be released from prison two days ahead of schedule, on Friday, based on the interpretation of a law governing the release of inmates. The US Department of Justice's Federal Bureau of Prisons states that inmates whose release dates coincide with a Saturday, Sunday, or public holiday may be released on the preceding weekday, provided there are no oth…
Sept. 27, 2024, 9:30 a.m.
Policy
SEC Chairman Gary Gensler Reaffirms Bitcoin Is Not a Security, Remains Tight-Lipped on Trump's Bitcoin Reserve Proposal
During an interview with CNBC on Thursday, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler once again stated that bitcoin is 'not a security', a position he and his predecessor have consistently held. He emphasized that regulatory clarity exists for the crypto space, pointing to the approval of exchange-traded products in January as a significant development in the agency's ap…
Sept. 27, 2024, 6:48 a.m.
Policy
International Operation Disrupts Global Cryptocurrency Network Linked to Russia, Two Nationals Charged
The U.S. Department of Justice has charged two Russian nationals, Sergey Ivanov and Timur Shakhmametov, for operating money laundering services that catered to cybercriminals using cryptocurrencies. The U.S. Department of State has announced rewards of $10 million each for information leading to their arrests. As part of a coordinated international effort, U.S. authorities, in collaboration with …
Sept. 27, 2024, 5:26 a.m.
Policy
Cryptocurrency Industry's $40M Investment in Ohio Senate Race Gives Sherrod Brown's Opponent a Boost
A substantial influx of campaign spending from the cryptocurrency sector is making a significant impact in Ohio's US Senate race, with industry-backed political action committees allocating $40 million to support Republican candidate Bernie Moreno in his bid against Senator Sherrod Brown, a Democrat who has expressed skepticism about cryptocurrency. The latest Federal Election Commission filings …
Sept. 26, 2024, 10:15 p.m.
Policy
NY Judge Rules Tornado Cash Developer Roman Storm Must Face Trial
A New York judge has ruled that the case against Roman Storm, the developer of Tornado Cash, will proceed to trial. Judge Katherine Polk Failla denied Storm's motion to dismiss the charges, which include conspiracy to commit money laundering and operate an unlicensed money transmitting business. Storm's arguments that he was being prosecuted for writing code, which he claimed was protected by fre…
Sept. 26, 2024, 8:57 p.m.