Biden Aides Explore Minting $1 Trillion Platinum Coin as Solution to Impending Debt Default

Biden Aides Explore Minting $1 Trillion Platinum Coin as Solution to Impending Debt DefaultAs the United States stares down the barrel of a potential debt default come June, a curious and intriguing solution has emerged: crafting a single $1 trillion platinum coin. This unusual tactic exploits a legal loophole that allows the Treasury Department to mint platinum coins of any value. By delivering such a coin to the […]

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NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal BailoutOn Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be […]

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US Government Delays Tax Reporting Rules for Cryptocurrency Brokers

US Government Delays Tax Reporting Rules for Cryptocurrency BrokersThe enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto Brokers Told to Comply With […]

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OFAC Sanctions 7 New Bitcoin Addresses Allegedly Associated With Iran-Related Ransomware Activities

OFAC Sanctions 7 New Bitcoin Addresses Allegedly Associated With Iran-Related Ransomware ActivitiesThe Treasury’s Office of Foreign Asset Control (OFAC) has published a specially designated nationals list update (OFAC’s SDN List) that lists a number of individuals accused of being involved with Iran-related ransomware. The list further shows seven bitcoin addresses that are allegedly associated with the Iranian ransomware gang. Iran Adds 7 New Bitcoin Addresses to […]

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Congress Questions Coinbase, FTX, Binance, Kraken in Crypto Fraud Crackdown

Congress Questions Coinbase, FTX, Binance, Kraken in Crypto Fraud CrackdownA House committee has sent letters to four U.S. federal agencies and five cryptocurrency exchanges asking for information about what they are doing to combat cryptocurrency fraud and scams. Congress Questions Regulators and Crypto Exchanges The House Committee on Oversight and Reform sent letters to four U.S. federal agencies and five crypto exchanges on Tuesday […]

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Dutch Law Enforcement Arrests Suspected Tornado Cash Developer in Amsterdam

According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforcement officials in Amsterdam arrested an unnamed 29-year-old suspected of developing the ethereum mixing application Tornado Cash. FIOD accuses the suspect of “concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies.” Netherlands Law Enforcement Takes Suspected Tornado […]

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