U.S. FSC to discuss illicit activity in crypto at upcoming hearing
Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the Financial Services Committee hearing. Go to Source
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Ethics watchdog rats out Circle for links to Tron in letter to Sens. Warren, Brown
The Campaign for Accountability wanted to let the anti-crypto senators know that the threat of terrorist financing with crypto was worse than they thought. Go to Source
BlackRock ETH ETF helps price past $2k; community sees BTC ETF as ‘done deal’
BlackRock has previously also filed for a Bitcoin ETF, for which the SEC approval window is currently open until Nov. 17. Go to Source
SafeMoon CEO bail release goes on hold after Feds cite flight risk
Prosecutors argued SafeMoon CEO Braden John Karony poses a flight risk given his alleged access to funds and overseas connections. Go to Source
China AI chip market finds expansion paths despite US export restrictions
The U.S. imposed export restrictions of high-level AI chips to China last October, though Chinese companies are now finding new options to develop their technology. Go to Source
U.S. lawmakers introduce CLARITY Act to limit federal ties with Chinese blockchain
Furthermore, the act aims to explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether. Go to Source
Maine state treasurer to focus on handling abandoned cryptocurrency accounts
According to official data available publicly, the state of Maine currently holds over $328 million in unclaimed property. Go to Source
Chinese president calls for unity on AI challenges and cyber development
Xi Jinping addressed the World Internet Conference Summit saying there is a need to “deepen” exchanges and cooperation on an international level on AI challenges and cyberspace development. Go to Source
Rep. Tom Emmer proposes to defund SEC’s crusade against crypto
Rep. Tom Emmer added a provision in the House GOP spending bill that would block the SEC from using government funds to pursue crypto companies until Congress weighs in on who has jurisdiction over crypto. Go to Source
How to manage crypto losses on tax returns in the US, UK and Canada
Unlock the complexities of cryptocurrency taxation and learn how crypto losses impact your tax liability in the United States, United Kingdom and Canada. Go to Source