US senators target cryptocurrency use in child abuse trade
Senators Elizabeth Warren and Bill Cassidy are asking federal agencies about their technical capacity to combat crypto payments in the sale of child abuse material. Go to Source
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Anti-crypto SEC commissioner’s term is up in 41 days — Will she be replaced?
Caroline Crenshaw may continue to serve at the SEC for an additional 18 months after her term ends in June if the White House doesn’t nominate a replacement. Go to Source
House committee ranking member says a stablecoin bill could be coming soon
House Financial Services Committee Ranking Member Maxine Waters said a stablecoin bill “in the short run” was coming amid negotiations with Republican lawmakers and the Senate. Go to Source
Turkey tops the world in stablecoin buying share vs. GDP
Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis. Go to Source
US SEC expected to deny spot Ether ETFs next month
Other evidence suggests that the SEC will likely delay the approval of spot Ether ETFs, while Hong Kong will start trading such products next week. Go to Source
KuCoin Faces Charges For AML Violations In The US
KuCoin, a prominent player in the cryptocurrency exchange arena, has found itself embroiled in legal proceedings with US prosecutors over alleged violations of anti-money laundering (AML) regulations. The exchange, known for its substantial daily trading volume exceeding $2 billion, has been accused of failing to comply with American AML rules, as revealed by federal prosecutors … Read more
The Pope and US regulators warn about AI risks: Law Decoded
The head of the Catholic Church warned humanity of AI’s potential dangers and explained what needs to be done to control it. Go to Source
Ripple, Coinbase, a16z invest $78M in pro-crypto PAC ahead of US elections
Prominent cryptocurrency companies and investors intend to support pro-cryptocurrency candidates during the 2024 U.S. election cycle. Go to Source
Can crypto mixers adapt to survive US authority prosecution?
Cryptocurrency mixers face a dilemma between preserving financial privacy freedom or embracing increased compliance measures to avoid U.S. scrutiny. Go to Source
Tether responds to US lawmakers’ calls for DOJ action
Tether has reacted to lawmakers’ requests for DOJ action over its stablecoin use, claiming it wants to be a “world class partner to the U.S.” Go to Source