Binance agreed to a compliance monitorship as part of its plea deal with the DOJ in 2023 over money-laundering and sanctions violations.
Treasury asked for public input on what approach financial institutions should take to combat illicit activity involving cryptocurrencies.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bessent reiterated that the government would not sell bitcoin currently in the reserve, valuing it at $15 to $20 billion.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Treasury's FinCEN warned financial institutions to be on the lookout for bad actors using cryptocurrency ATMs.
Many in the crypto industry expressed enthusiasm for the President's Working Group's report released on Wednesday.
The White House is slated to release a report Wednesday that's expected to reveal details on how federal officials view cryptocurrency.
L33tz, the founder of The Rage crypto trade publication, submitted the FOIA request in March and reportedly received a response on Wednesday.
Even modest adoption of tokenization could outsize any other crypto narrative — including bitcoin — Bitwise analysts said.
Arizona Governor Katie Hobbs vetoed HB 2324, which proposed establishing the Bitcoin and Digital Assets Reserve Fund to manage seized crypto.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Meanwhile, U.S. regulatory momentum is building, with stablecoin legislation advancing and a market structure bill in the works.
Facebook's earlier Libra project collapsed under regulatory pressure, but a slew of Big Tech firms are now exploring stablecoin adoption.
Discussing the policies already enacted by the Trump administration, Sacks also claimed it could achieve its crypto agenda by August.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Sens. Cynthia Lummis and Bernie Moreno say a tax provision could have unintended consequences for companies holding digital assets.
Senate Democrats are seeking information about President Donald Trump's cryptocurrency ties and Binance in a letter sent on Friday.
U.S. Treasury Secretary Scott Bessent said the U.S. "should be the premier destination for digital assets" during a hearing on Wednesday.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The analysts said a new at-the-market program from Strategy following its Q1 earnings on Thursday would also bolster a bullish outlook.
A group of key crypto players are calling on the White House to stop prosecuting open-source software in light of Roman Storm's trial.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The new exchange, Grinex, reportedly shares similarities to Garantex, which was shuttered earlier this month by international authorities.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Rep. Gerald Connolly pressed the Treasury Department to halt plans for a strategic bitcoin reserve citing Trump's conflicts of interest.
The analysts expect clarity on budget-neutral bitcoin acquisition measures from Treasury Secretary Scott Bessent by May 5.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.