U.S. Lawmakers Urge IRS, Treasury to Hurry Crypto Tax Rules
Congressmen Brad Sherman and Stephen Lynch called the crypto industry “a major source of tax evasion” in a letter asking for the prompt release of proposed regulations.Source
SEC’s Binance.US Probe Started in 2020, Court Filings Show
The securities regulator detailed evidence of hundreds of millions of dollars in profiteering by the crypto exchange as they seek to freeze assets of the company.Source
Stablecoin Issuer Circle Receives Digital Token License in Singapore
The issuer of USDC received in-principle approval in November last year.Source
Cathie Wood’s ARK Buys $21.6M Coinbase Shares as SEC Suit Sends Stock Tumbling
The purchase took ARK Invest’s total Coinbase holdings to 11.44 million shares.Source
U.S. Court Tells SEC to Respond to Coinbase’s Rulemaking Petition Within a Week
A U.S. judge has ordered the SEC to respond to Coinbase’s rulemaking petition or explain why it shouldn’t.Source
First Mover Asia: Why Did Bitcoin Regain $27K? ‘No One Is Surprised by Gensler’s Actions,’ Crypto CEO Says
ALSO: Why Binance’s alleged co-mingling of assets isn’t the same as FTX’s alleged co-mingling of assets.Source
Atomic Wallet Was Breached by North Korean Hackers: Elliptic
Wallets that siphoned Atomic users’ funds are connected to the known Lazarus group’s addresses, crypto tracing firm said.Source
SEC Seeks Temporary Restraining Order to Freeze Binance.US Assets
The U.S. Securities and Exchange Commission (SEC) asked a court to grant a temporary restraining order to freeze assets tied to Binance.US on Tuesday.Source
Bitcoin Rallies Above $27K as Crypto Market Shrugs Off SEC Lawsuits Against Binance, Coinbase
Cryptocurrencies recovered some of their losses a day after Monday’s sell-off when the U.S. Securities and Exchange Commission sued Binance and deemed multiple altcoins unregistered securities.Source
Coinbase Shares Slump After SEC Files Suit Against Company
Coinbase’s stock (COIN) took a major hit on Tuesday after the company was sued by the U.S. Securities and Exchange Commission (SEC) on allegations of violating federal securities law.Source