Tag Archives: United States

TL;DR Elizabeth Warren, known for her critical stance on cryptocurrencies, is challenged by pro-crypto attorney John Deaton in Massachusetts’ 2024 Senate race. Deaton’s campaign was backed by Charles Hoskinson – founder of Cardano and a well-known name in the digital asset industry. Rooting for the Crypto Guy 2024 is an election year in the United States, with the country choosing its next President and Senators. One particular battle – that of the state of Massachusetts –...

Terraform Labs co-founder Do Kwon may not be leaving for the United States any time soon after the Appellate Court of Montenegro overturned a previous decision by a lower court to extradite the former crypto exec to the US. Do Kwon is facing fraud and other criminal charges in the United States following Terra’s collapse that caused investors billions of dollars in losses, while prosecutors in his native country, South Korea, are also seeking his extradition. On March 5,...

Crypto exchange Gemini has agreed to return a minimum of $1.1 billion to customers of its defunct Gemini Earn Program as part of its settlement deal with New York regulators. Gemini, led by Tyler and Cameron Winklevoss, is also facing legal issues from the US Securities and Exchange Commission (SEC) and the New York Attorney General’s office. Gemini’s Settlement With the NYDFS In a press release on Feb. 28, the New York Department of Financial Services (NYDFS) announced its...

TL;DR MAGA (TRUMP) coin hits an all-time high, whereas some leading cryptocurrencies show minor losses. The asset could be associated to Donald Trump who recently softened his stance on cryptocurrencies ahead of the US presidential elections. The prices of most leading cryptocurrencies (in terms of market capitalization) have experienced minor losses or have been trading sideways in the past few days. Bitcoin (BTC) is down less than 1% on a 24-hour scale, whereas Solana...

A U.S. federal judge has approved Binance’s guilty plea and a hefty $4.3 billion settlement deal for violating anti-money laundering (AML) and sanctions laws through its cryptocurrency exchange. According to a Reuters report, the plea and the settlement were accepted on Friday, February 23. The Settlement Deal The U.S. Department of Justice (DOJ) had announced the plea deal and settlement in November, alleging that Binance had violated the Bank Secrecy Act (BSA), the...

TL;DR The lawsuit between Ripple and the SEC is approaching a crucial trial in April 2023, with potential long-term impacts on the cryptocurrency sector and possibilities of extended legal battles through appeals. Ripple has gained key partial legal victories, but the final outcome and its implications are still uncertain. Could We See the Conclusion This Year? The lawsuit between Ripple and the United States Securities and Exchange Commission has been among the trendiest...

Major cryptocurrency exchange Kraken is seeking to dismiss the lawsuit filed by the US Securities and Exchange Commission (SEC), arguing that the Commission was overstepping the boundaries of its regulatory authority. The SEC sued Kraken in November 2023, alleging that the crypto exchange co-mingled customer funds and listed assets deemed as securities on its platform. Kraken Fights Back Kraken filed a motion on Feb. 22, 2024, in the U.S. District Court Northern District of...

Fairshake, a Super PAC supporting candidates favorable to cryptocurrency and blockchain technology, has garnered $4.9 million in funding, with contributions from billionaire brothers Cameron and Tyler Winklevoss. The Winklevoss twins, known for co-founding the Gemini exchange and their significant Bitcoin investments, were early backers of Fairshake. The initial investment dates back to December 18, 2023. As per the latest federal filings, the duo donated $2.45 million each....

Nearly a year after his arrest in Montenegro, Terraform Labs co-founder and former CEO Do Kwon is reportedly set to be extradited to the United States to face criminal charges. Both the United States and South Korea previously submitted extradition requests to Montenegro officials. According to local news outlet Pobjeda, on Feb. 21, the Podgorica High Court in Montenegro decided that Do Kwon would be extradited to the United States, thereby ruling out an extradition request...

Bitcoin’s (BTC) uptick by more than 15% this week has caused the asset to hit new all-time highs (ATHs) against several depreciating fiat currencies. With the leading cryptocurrency recording new highs against the Argentine peso (ARS), the Japanese yen (JPY), the Turkish lira (TRY), and the Nigerian naira (NGN), anticipation is rising about when it will register an ATH against the United States Dollar (USD). BTC Records New Highs As reported by CryptoPotato earlier this week,...