Seven Senate Democrats have called on the 10 largest bitcoin ATM operators in the U.S. to address growing crypto fraud that targets elderly Americans. The lawmakers explained that scammers are reportedly exploiting the anonymity of cryptocurrency transactions to steal from seniors through bitcoin ATMs. The senators urged companies to implement stronger measures to combat the […]
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Reasons for BTC’s weakness include Mt. Gox coin movements, regulatory actions, and the U.S. Senate’s anti-crypto lobby.
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Bankruptcy judge John Dorsey called the bipartisan letter “inappropriate,” and that he won’t take it into account in his decision for an independent examiner.
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The community is hopeful that the assertion by the CFTC will put to bed claims that staked coins are securities according to the Howey Test.
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