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Tag Archives: News

US Representative Asks Government to Classify Binance Executive as Hostage If Not Released by Nigeria Soon

Rep. Rich McCormick has urged the US government to declare Binance executive Tigran Gambaryan a hostage if he is not released from the Nigerian government by mid-July. Nigerian courts take a recess until September from mid-July, which will leave Gambaryan locked up for longer than anticipated if his case does not conclude in a few days. He has remained arrested in Nigeria’s infamous Kuje Prison since February. In a resolution brought to the House Committee on Foreign Affairs, Rep McCormick...

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CFTC Chairman Reiterates That Bitcoin and Ether Are Commodities

Commodity Futures Trading Commission (CFTC) Chairman Rostin Benham noted that bitcoin and Ether are commodities and should fall under the purview of his agency. He spoke about the two top crypto assets in a hearing with the Senate Committee on Agriculture, Nutrition, and Forestry on July 9. He cited a recent case brought by his organization against an Oregon fraudster who used crypto to scam people, in which the judge claimed bitcoin and Ether were commodities. This ruling provided in an...

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