A 47-year-old resident of Newcastle, Washington, has been sentenced to five years in federal prison for his role in a scheme that laundered nearly $100 million in fraudulent proceeds through cryptocurrency and traditional banking channels. Geoffrey K. Auyeung was found…
US House Committee Debates Digital Asset Taxation Framework A recent hearing held by the House Ways and Means Committee has illuminated the complex landscape of digital asset taxation in the United States. The committee, a crucial body for tax legislation,…
A joint letter from the Hyperliquid Policy Center (HPC) and investment firm Paradigm has been submitted to the U.S. Treasury, urging a revision of proposed anti-money laundering (AML) rules. The core of their argument is that the proposed regulations, which…
Senator Elizabeth Warren has raised concerns regarding the Commodity Futures Trading Commission’s (CFTC) capacity to manage an expanded regulatory role in the cryptocurrency and prediction markets, especially as legislative efforts to broaden its authority progress in Congress. In a recent…
House lawmakers are scheduled to convene on Tuesday afternoon to deliberate on a series of cryptocurrency tax bills. This legislative session comes at a time when significant questions persist regarding the appropriate application of tax regulations to digital assets and…
I want to be upfront about something before we get into this guide. Not everyone reading this is a complete beginner. Some of you have been trading for a while. You understand the basics. You have placed real trades with…
Crypto exchange Backpack US has appointed former U.S. Securities and Exchange Commission (SEC) Acting Chairman Michael S. Piwowar to its board of directors, signaling a strategic move amidst evolving regulatory discussions surrounding digital assets. Michael S. Piwowar, a former SEC…
The crypto market remains on edge. Bitcoin is trying to stabilize after one of the nastiest corrections of this cycle. Traders are still debating whether the recent lows mark the bottom or simply a pause before another leg lower. Personally,…
GSR, a prominent player in the digital asset market making space, has successfully obtained approval from the Financial Industry Regulatory Authority (FINRA) to finalize its acquisition of Equilibrium Capital Services. This SEC-registered broker-dealer, based in Portland, will now operate under…
Zodia Custody Expands EU Stablecoin Services with Luxembourg Payment License Zodia Custody has obtained a payment institution license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). This regulatory approval permits the company to offer regulated custody and transfer services…