US

US

Policy

FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets

Attorneys for the victims said the bankruptcy process has left FTX customers feeling "aggrieved and robbed."

FTX logo (Adobe Firefly)

Policy

White House Expected to Nominate CFTC Commissioners to FDIC, Treasury Roles: Reports

CFTC Commissioners Christy Goldsmith Romero and Kristin Johnson are reportedly set to be nominated to key roles.

Christy Goldsmith Romero (CFTC)

Markets

Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say

Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said.

U.S. Federal Reserve Chair Jerome Powell testified that a U.S. CBDC isn't in the near future, and he said the Fed wouldn't design one to spy on Americans (screen capture, Senate Banking Committee video)

Policy

U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan

Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.

(Shutterstock)

Policy

MicroStrategy Founder Michael Saylor Agrees to $40M Settlement in D.C. Income Tax Case

The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district.

MicroStrategy Executive Chairman Michael Saylor (CoinDesk)

Policy

Biden Order to Halt China-Tied Bitcoin Mine Beside Nuke Base Came as U.S. Firm Just Bought it

President Biden's emergency order to halt the Chinese-tied mining on the doorstep of a nuclear-missile base hit days after mining giant CleanSpark struck a deal to buy the property.

(White House, modified by CoinDesk)

Finance

Stablecoin Issuer Circle Files to Shift Legal Home to U.S. From Ireland Ahead of Planned IPO: Bloomberg

Circle recently filed court paperwork to make the move, according to a company spokesperson.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Markets

Bitcoin Market Activity Suggests Looming U.S. Inflation Data May Be Non-Event

The way bitcoin options are priced suggests Wednesday's CPI report, though pivotal, may do little to disturb the calm in the crypto market.

food shopping in brown bags

Markets

Bitcoin's Price Recovery Faces Nonfarm Payrolls Test

Bitcoin held steady as the dollar index nursed losses ahead of a U.S. jobs report that is expected to show the unemployment rate remained below 4% for the 27th straight month.

BTC's price chart (CoinDesk)

Policy

Jebara Igbara, AKA 'Jay Mazini,' Sentenced to 7 Years in Prison for Crypto-Related Fraud

Igbara perpetrated multiple fraud schemes and scammed investors of at least $8 million.

Jebara Igbara was sentenced to 7 years in prison. (Sasun Bughdaryan / Unsplash)