5 state regulators allege organization is tied to Russia, scamming users using metaverse casino
"The same rules that apply to investments in the physical world continue to apply to investments in virtual worlds," said the regulators.
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Environmental groups urge US government to take action on crypto miners
Among the proposals, the group of eight organizations requested the Environmental Protection Agency subject PoW mining firms to “stringent reviews” around operating permits.
US Treasury Secretary reaffirms need for stablecoin regulation following UST crash
Janet Yellen said it would be “highly appropriate” to aim for “a consistent federal framework” on stablecoins by the end of 2022 in the U.S., given the growth of the…
Go green or die? Bitcoin miners aim for carbon neutrality by mining near data centers
Bitcoin mining companies must prove carbon neutrality as new regulations come to play, but are carbon offsets enough?
US DOJ Charges Mining Capital Coin CEO for Allegedly Running a $62M Crypto Fraud
The United States Department of Justice (DOJ) has indicted Luiz Capuci Jr., the CEO and co-founder of Mining Capital Coin (MCC), for allegedly running a $62 million fraud scheme. Mining…
US Treasury Imposes Sanctions on North Korean Crypto Mixer
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced fresh sanctions on a cryptocurrency mixer called Blender.io, which happens to be used by the Democratic…
Utah Governor approves of blockchain and digital innovation task force
Some of the primary duties assigned to the task force involve making policy recommendations related to blockchain and related technologies.
Nvidia to pay $5.5M as part of SEC case concerning ‘inadequate disclosures’ around crypto mining
"All issuers, including those that pursue opportunities involving emerging technology, must ensure that their disclosures are timely, complete, and accurate," said Kristina Littman.
Senator Introduces Financial Freedom Act to Allow Crypto in Pension Plans
The Republican lawmaker believes the government should not limit the type of assets that people can select for their retirement plans. In an op-ed for CNBC on May 5, Tuberville…
Sen Elizabeth Warren Concerned About Fidelity’s Bitcoin-401K Plan
Senator Elizabeth Warren, along with fellow Democrat Senator Tina Smith, has questioned Fidelity’s plan to allow investors to put bitcoin into their 401(k) retirement savings accounts, following similar concerns raised…
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