Senator Cynthia Lummis urges the United States to modernize its national reserves to feature Bitcoin. Serving as a representative of Wyoming in the U.S. Senate, Lummis contends that Bitcoin’s openness and decentralization enable auditing in real-time, which may fortify fiscal accountability. Lummis stated: “A bitcoin reserve could be audited any
As the 2024 presidential election approaches, former President Donald Trump is emerging as a compelling candidate, particularly against the backdrop of current Vice President Kamala Harris. Trump’s policies, especially his strong support for cryptocurrency and innovative economic strategies, resonate with many voters seeking significant change. One of Trump’s pivotal initiatives
A federal judge in the United States has dismissed a class-action lawsuit against Atomic Wallet, an Estonian-based crypto firm. Philip Brimmer, a judge in the Colorado district court, agreed, concluding there were insufficient grounds for the U.S. court to handle the case. Following a $100 million hack in June 2023,
On May 23, the U.S. Treasury announced the blacklist of crypto holdings wallets with alleged ties to the North Korean government. According to the report, the Binance-hosted wallets received several cryptocurrencies worth $2 million that were then sent to the North Korean entities. Treasury’s Office of Foreign Assets Control (OFAC)
Tether Holdings Ltd. has never had direct access to the U.S. financial system. The firm was able to find a way in for some time by collaborating with Signature Bank. It has been claimed that the firm directed its cryptocurrency customers to use the Signet transaction platform to wire dollars
U.S. Attorney Damian Williams said on December 21 that FTX Co-founder and former CTO Gary Wang and former Alameda Research CEO Caroline Ellison. And they have pleaded guilty to charges related to the collapse. And both are collaborating with the law, according to Williams. The SEC stated in a separate
